by Jibran Munaf | September 2, 2024 | Commodities, Market Analysis & Commentary
Gold prices in the UAE are expected to rise further in the coming months, building on a nearly 21% gain this year. Analysts predict that the price of gold could reach $3,000 per ounce in the medium term due to several global economic factors. The surge in gold prices...
by Jibran Munaf | August 31, 2024 | Commodities, Derivatives, Energy
OPEC+ is expected to move forward with its planned increase in oil production starting in October, according to six sources within the group. This decision comes despite concerns about weakening global demand, particularly from China, and aims to balance the market...
by Jibran Munaf | August 31, 2024 | Economy, Markets, News, Retail
Hong Kong’s retail sector continues to face significant challenges, with July retail sales falling 11.8% compared to the same period last year, marking the fifth consecutive month of decline. The total value of sales decreased to 29.1 billion Hong Kong dollars...
by Jennifer George | August 29, 2024 | Industry, Stocks & Bonds, Technology
Shortly after announcing $30.04 billion in earnings on Wednesday, semiconductor giant Nvidia declared a $50 billion share buyback. This move was preceded by Nvidia’s stocks falling by 2% during regular trading, hours before the earnings report was furnished. In...
by Vasu Jit Kalia | August 29, 2024 | Markets, Stocks & Bonds
The Germany-based food delivery platform, Delivery Hero is preparing to list share of its UAE subsidiary Talabat on the Dubai the Dubai Financial Market (DFM) in the fourth quarter of this year, the German company announced on Thursday. “A listing may be pursued...
by Jennifer George | August 29, 2024 | Industry, News, Stocks & Bonds, Technology
Nvidia’s three-month revenue record of $30 billion has not managed to quell the tech stock-selling spree on Wall Street. As of this morning, Nvidia fell over 8%, despite reporting stronger than expected earnings. BREAKING: Nvidia stock, $NVDA, falls over 8%...
