#US Fed

CBUAE, HKMA partnership

UAE interest rates remain unchanged amid Fed rate decision

The CBUAE traditionally moves lockstep with the US Fed amid the UAE having pegged its currency to the US dollar at a rate of Dhs3.67 to $1

Gold

Gold shatters record highs, heads for third straight weekly gain

US gold futures settled 1.6 per cent higher to $2,345.4

Gold bars

Gold continues record rally after US Fed comments

Bullion has hit record highs in each session for over a week over data from the US economy

Gold

Gold regains its allure with record high prices on safe-haven demand

Gold logged its best month since July 2020, at a 9 per cent increase, and a second straight quarterly rise

home mortgage offers - Huspy, Holo

Huspy versus Holo: Mortgage offers under 4% for homebuyers

Driven by technology, various platforms are offering an interface that is secure and transparent, along with financing options from multiple lenders

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

interest rate - US Fed

US Fed maintains interest rates, says more ‘confidence’ needed on inflation before rate cuts

Inflation has now been running below the Fed’s target on a seven-month basis while US economic growth and the job market have remained largely intact

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

CBUAE revokes licence of an exchange firm

CBUAE raises interest rates after US Fed resumes rate hike

The US Federal Reserve raised its benchmark interest rates by 25 points to the highest level in 22 years