#Interest Rates

EFG HERMES - gcc economy - sector

EFG Hermes reveals five must watch sectors for 2024

Following the theme of its conference, EFG Hermes highlights opportunities available in frontier emerging markets

Oil starts week lower on signs of easing Middle East conflict

Oil falls after weekly gain on signs of easing Israel-Gaza conflict

Geopolitical risks including a feared broadening of the Middle East conflict pushed oil prices up by about 6 per cent last week

UAE money laundering prosecution office

UAE interest rates unchanged after US Fed announcement

The Central Bank of the UAE has said it would keep interest rates unchanged following a similar announcement by the US Federal Reserve overnight.

JP Morgan identifies top considerations for investors in 2024

JP Morgan identifies top considerations for investors in 2024

The private bank said to grapple with the prospect of more meaningful inflation in 2024 and beyond, investors might first look to equities

Turkish central bank raises inflation forecasts

Turkish central bank raises inflation forecasts, sees 70%-75% peak

Inflation hit a 24-year peak of 85 per cent last year and surged again in recent months as the lira weakened for a third year in a row

Most GCC central banks hold interest rates unchanged

UAE, Qatar central banks hold interest rates, tracking US Fed move

GCC central banks normally change their interest rates in lockstep with the US Fed as Gulf states’ currencies are pegged to the dollar

CBUAE - interest rate

UAE Central Bank holds interest rates steady as US Fed hits pause on hikes

The notification from CBUAE comes after the US Federal Reserve announced that it is maintaining its key policy rate unchanged

GCC central banks raise interest rates tracking US Fed move

GCC central banks raise interest rates in lockstep with the US Fed

GCC central banks normally change their interest rates in lockstep with the US Fed as Gulf countries’ currencies are pegged to the dollar

Qatari banks’ external debt

Qatari banks’ external debt: Is the problem over?

One of the main sources of concern for the Qatari banking system has been the build-up of external debt

UAE, Qatar central banks maintain key interest rates

UAE, Qatar central banks keep interest rates steady, tracking US Fed move

The move by the Fed to leave its benchmark rate unchanged suggests that higher borrowing costs have made some progress in slowing inflation

Bal Krishen Rathore

Power Letters 2023: Bal Krishen Rathore, chairman and CEO, Century Financial

Inflation and interest rate forecasts will remain crucial in 2023


Gold treads water as traders cautiously await US inflation data

Spot gold was little changed at $1,674.62 an ounce as of 7.48am in Singapore


Gold steadies as Europe’s energy woes see greenback strengthen

Central banks globally are set to keep raising interest rates to fight inflation, weighing on non-yielding assets like gold


Bitcoin loses momentum on weekend with support around 2017 high

Bitcoin dropped as much as 0.8 per cent to $19,591 on Sunday and was little changed as of 7.50am in New York


Gold holds drop as Powell says rates likely to stay elevated

Bullion is heading for a fifth monthly decline, the longest such stretch in four years

Oil steadies as Traders weigh Russian pipeline halt, stockpiles

Oil extends 10% weekly drop as demand concerns spur caution

Investors have backed away from commodities in recent months as slowing growth feeds concern that energy usage will drop

US Federal Reserve

US Federal Reserve hike leads GCC to follow, but rate paths diverge again

Saudi Arabia, Bahrain and the UAE moved in lockstep with the US central bank, raising their benchmarks by 75 basis points

electric car

Inflation turns EVs into luxury items, threatening broader electric shift

An electric car now costs $61,000 on average


Oil set for weekly loss as traders weigh monetary tightening

Oil is still up more than 50 per cent this year after rebounding demand combined with upended trade flows


Bitcoin heads higher in attempt to escape $30,000 level

Bitcoin and the rest of the cryptocurrency complex has struggled in recent months as the Federal Reserve hikes interest rates


Bitcoin recovers to $30,000 area after shedding weekend weakness

Bitcoin has struggled in recent weeks as the Federal Reserve hikes interest rates and inflation remains high

UAE Central Bank

UAE Central Bank raises base rate by 50 basis points

The base rate suggests the general stance of the Central Bank’s monetary policy


Bitcoin tests $39,000 in push toward high end of trading range

Crypto assets have all been weighed down as the Federal Reserve and other global central banks raise interest rates

Gold holds biggest gain since October as investors seek haven

Bullion’s appeal as a store of value is being burnished by risk aversion in markets and a surge in inflation worldwide

Oil drops from seven-year high after Fed flags tighter policy

Oil has rallied in the opening weeks of 2022 on the continued recovery in energy consumption

Now is the time to investigate property mortgage options in Dubai

The emirate’s mortgage market has seen significant changes in the past few years, making it more accessible and attractive

Key question: Is gold’s rally far from over?

Gold has had a solid run higher throughout 2020