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23 March 03:12 AM

UAE news

4 hours ago Oil settles lower on Friday
​​​​​​​Mubasher: Oil futures went down at Friday’s settlement, as worries over a sluggish global demand emerged.
Oil and Energy
5 hours ago US oil rigs go down in week
Mubasher: Oil and gas rigs in the US declined during the week ended 22 March.
Oil and Energy
5 hours ago General Motors launches $300m Assembly Plant in US’ Michigan
Mubasher: US auto manufacturers General Motors (GM) is planning to invest as much as $300 million in a new plant in Michigan.
Global Reports
22 March 10:01 PM Gold levels up $5 at Friday’s settlement
​​​​​​​Mubasher: Gold settled higher on Friday, marking its third successive weekly gain.
Goods and Metals
22 March 07:32 PM Lira plunges over emerging Turkish-US tensions
The Turkish lira dropped against the US dollar on Friday, despite the US Federal Reserve's move to put a brake on interest rat hikes.
Currencies
22 March 06:28 PM Turkish C.bank’s FX reserves drop in March
Foreign exchange reserves in Turkish central bank dropped unexpectedly in March, Bloomberg News reported.
Global Markets brief
22 March 05:55 PM US wholesale stockpiles post 6-yr high
US wholesale inventories posted the biggest gain in over six years last January, official data showed on Friday.
Global Reports
22 March 05:31 PM US existing home sales recover strongly in February
US home sales saw a robust rebound during February, recording the biggest monthly gain since more than three years ago, official data showed on Friday.
Global Markets brief
22 March 05:11 PM Trump hopes Fed ended interest rate hikes
US President Donald Trump voiced his hope that the Federal Reserve's interest rate hikes had come to an end.
Global Reports
22 March 04:34 PM Uber to list shares on New York Stock Exchange–Report
Uber has chosen the New York Stock Exchange for its blockbuster initial public offering, according to Bloomberg.
Global Reports
22 March 04:03 PM Russian C.bank leaves key rate unchanged
The Russian central bank held its policy rate at its current level, chiming with market expectations, but hinted it could cut it later this year.
Global Markets brief
22 March 02:17 PM Facebook admits storing passwords without encryption
Facebook admitted that it stored millions of user passwords in unprotected plain text files, according to The Independent.
Global Markets brief
22 March 01:08 PM IMF backs Fed’s rate hike pause amid economic uncertainty
The International Monetary Fund backed the US Federal Reserve's decision to put a brake on further interest rate hikes as a rational step.
Global Reports
22 March 12:33 PM Eurozone current account surplus grows in January
The Eurozone's current account surplus expanded in January from December 2018, but it posted a year-on-year fall over the 12-month period ended the reported month.
Global Reports
22 March 12:17 PM Eurozone business growth slows in March on manufacturing downturn
Initial estimates for the Eurozone indicated that economic activity saw a further slowing growth during March, as factories saw their deepest downturn in six years.
Global Reports
22 March 11:56 AM Germany's private sector growth slows to 6.5-yr low in March
Business activity in the German private sector saw a modest improvement during March, but the growth pace was the slowest in nearly six years.
Global Reports
22 March 11:31 AM Gold stable below 3-week peak on stock market rally
Gold prices steadied on Friday, below their highest level in three weeks reached in the previous session.
Global Markets brief
22 March 11:08 AM Oil eases from 2019 peak, dragged by economic jitters curb
Oil prices earlier on Friday retreated from their highest level seen so far this year as worries about an economic slowdown dragged market sentiment down.
Global Reports
21 March 11:39 PM Oil ends lower on Thursday
Mubasher: Oil futures settled lower on Thursday, as the US reported a decline in natural gas inventories
Oil and Energy
The energy sector gained 2.85%
21 March 10:48 PM ADX grows 130 pts in week on banks, energy
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index went up 129.89 points, or 2.6%, to 5,127.45 points in a week, pushed by the banking and energy sectors. The banking sector rose 4.19%, as First Abu Dhabi Bank (FAB) and …
Trading Activities
21 March 10:03 PM Gold goes up at Thursday’s settlement
Mubasher: Gold settled higher on Thursday, marking its highest level since 13 March.
Goods and Metals
DXB Entertainments levelled up 1.68%
21 March 09:43 PM DFM adds over 54 pts in week; market cap hits AED 350bn
Dubai – Mubasher: The general index of the Dubai Financial Market (DFM) rose 54.53 points, or 2.11%, to 2,628.74 points in a week, while market capitalisation increased to AED 350.022 billion.  The real estate sector added 0.24% after Arabtec …
Trading Activities
21 March 07:17 PM US 10-yr bond yield hits new 15M low
US Treasury yields extended their drop on Thursday, after the Federal Reserve policy meeting stoked a rally across bond markets worldwide.
Global Markets brief
ADCB’s issued capital will increase to AED 6.8 billion
21 March 06:34 PM ADCB approves merger with UNB
Abu Dhabi - Mubasher: Abu Dhabi Commercial Bank (ADCB), listed on Abu Dhabi Securities Exchange (ADX), on Thursday announced that its general assembly approved its merger with Union National Bank (UNB). Upon the merger, ADCB’s issued capital will …
Mergers and Acquisitions
21 March 05:41 PM US natural gas storage declines as prices fall
The US natural gas inventories fell by 47 billion cubic feet (Bcf) in the week ended 15 March, totalling 1,143 Bcf.
Global Markets brief