Wall Street remains under pressure after disappointing jobs report
The US economy added 209,000 jobs in June U.S. stocks fell on Friday as a slightly weaker-than-expected June jobs report failed to ease fears that the Federal Reserve may start…
US labor market data release, surprise for the markets!
United States Today, Friday, data published in the United States showed a contrast to the US labor market data last June, employment in the non-agricultural sector increased by 209 thousand…
Gold prices are up 5 dollars and are experiencing weekly losses
Today, Friday July 7 (2023), gold rose above $5 as the US currency weakened, but it is set to post its fourth straight weekly loss. Recent US jobs data and…
Dubai market rises again led by “Emaar” and “Emirates NBD”.
Abu Dhabi: Muhannat Dagar The Dubai Financial Market Index rose 0.97% to 3962.42 points yesterday, Thursday, led by Emirates NBD and Emaar Properties shares, while the Abu Dhabi bourse fell…
Fears of rising interest push European stocks to 14-week lows
European stocks European stocks closed at their lowest in more than three months on Thursday, and worries about the implementation of an interest rate hike weighed negatively on risk appetite,…
A rise in the dollar, minutes after the Federal Reserve meeting, weighed on gold prices
Gold price Gold prices fell on Wednesday as the dollar weakened and U.S. Treasury yields fell, after minutes of the U.S. Federal Reserve’s June monetary policy meeting confirmed expectations that…
Energy transition costs $270 trillion by 2050
Personal Aramco plans to produce 11 million tonnes of blue hydrogen in the first phase In an interview with Sky News Arabia, Saudi Aramco CEO Amin Al-Nasser expects the world’s…
UAE: Oil production cuts will be enough to balance the market
UAE Energy Minister Suhail Al-Masroui told reporters on Wednesday that additional oil production and export cuts announced earlier this week by Saudi Arabia and Russia “will be enough to balance…
Dubai financial transactions exceed one billion dirhams
The Dubai Financial Market Index continued its upward trajectory during yesterday’s session, surpassing 3930 points for the first time in almost eight years, especially since 2015, adding 52 points to…
Oil rises 2% as market assesses impact of output cuts
Oil prices Oil prices rose 2 percent in Tuesday’s trade as markets assessed the impact of August output cuts by Saudi Arabia and Russia. Saudi Arabia said on Monday it…
