report

  • Trade optimism drives commodities higher

    The early January recovery across key commodities extended into a second week with the Bloomberg Commodity index rallying by more than 4% since touching a near three-year low on the first trading day of year.

  • Trade tensions underpin gold demand - Century Financial Weekly Market Report

    Currencies

    Upbeat NFP report supports USD

    American wages climbed in August by the most since the recession ended in 2009 and hiring rose by more than forecast, keeping the Federal Reserve on track to lift interest rates this month and making another hike in December more likely. Average hourly earnings for private workers increased 2.9 percent from a year earlier exceeding all estimates and the median projection for 2.7 percent.

  • Trading activity in the MENA markets ended on a positive note – Allied Investment Partners PJSC Daily Market Report

    The trading activity in the UAE markets ended on a negative note, as both Dubai and Abu Dhabi closed lower by 0.4% and 0.5%, respectively for the day. Investors are awaiting earnings announcement from leading corporates to gauge the economic environment and accordingly position themselves in both the indexes. On a YTD basis, Dubai stands as the worst performing index in the region with losses of 19.4%, while Abu Dhabi is the second-best performing index with gains of 10.8%.

  • Trading activity in the regional markets are dominated by quarterly earnings– Allied Investment Partners PJSC Daily Market Report

    UAE markets ended higher during the session as Abu Dhabi was up by 1.1%, while Dubai traded flat for the day. The market breadth in Dubai was evenly poised between gainers and losers, while three remained unchanged for the day. Abu Dhabi rebounded during the session to report its highest daily gain in more than two months, which was supported by banking, energy and telecommunication sector stocks.

  • Trading activity within the MENA region is likely to remain subdued affected by the Holidays season – Allied Investment Partners PJSC Market Report

    International markets ended the week on a negative note as a result of concerns over rising interest rates coupled with worries of a global economic slowdown.

  • Trading activity within the MENA region is likely to track the sentiments in global markets as well as the movement in oil prices – Allied Investment Partners PJSC Market Report

    The last trading week of the year has been eventful as international markets have witnessed wild moves, especially in the US indices over the week. Investors turned optimistic about the possible discussion between the US and China during the month of January, which could potentially provide more clarity on the trade war between the two largest economies.

  • Trend Micro Report Reveals Criminals Increasingly Drawn To Low-Profile Attacks

    Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today released its Midyear Security Roundup 2018, revealing that cybercriminals are moving away from attention-grabbing ransomware attacks to more covert methods intended to steal money and valuable computing resources.

  • UAE AND SAUDI ARABIA SEE RAPID IOT ADOPTION IN THE MIDDLE EAST

    Linksys®, celebrating 30 years of networking and Wi-Fi innovation for the home and business this year, today announced that there is rapid adoption of IoT in the Middle East with a growing number of people investing in smart devices for their home, according to latest study by Linksys on consumer Wi-Fi usage trends, ahead of GITEX Technology Week.

  • UAE federal budget to boost the real estate sector in the medium term, says JLL

    The UAE cabinet announced a new federal budget of AED 60.3 billion in September, paving the way for a significant increase in government spending that will in turn benefit the Dubai real estate market,  revealed JLL’s latest Q3 report.

  • UAE females more likely to embrace Halloween

    One out of five women in the UAE celebrate Halloween, although men are likely to spend more on the revelries

    The UAE is a melting pot of cultures and a land of diverse celebration. From festivals to sports championships, concerts to shopping events, there is something for everyone. Islamic and local holidays like Eid Al Fitr (76%), Eid Al Adha (72%), National Day (59%) and Hijri New Year (48%) are much more popular among the UAE residents as compared to western holidays like Gregorian New Year (59%) and Christmas (34%).

  • UAE Leads Region in Providing Young Women With Career Development Opportunities

    NADIA Global, The Gulf’s #1 Recruiter and Training Institutes, announced the enhancement of its existing training programs to provide relevant courses to respond to demand from women. The high standards of NADIA Global’s training enables women to learn how to better balance their personal and business life in addition to empowering the female population of UAE.

  • UAE markets ended the last trading day of the month on a positive note – Allied Investment Partners PJSC Daily Market Report

    The UAE markets ended the last session of the month on a positive note as both Dubai and Abu Dhabi closed higher by 1.5% and 0.9%, respectively. However, in terms of monthly performance, both Dubai and Abu Dhabi were down with losses of 1.8% and 0.7%, respectively, which can be attributed to the sentiments seen in the global markets. For the day, Dubai continued the positive trend for second straight session on the back of gains in the real estate and insurance sector stocks.

  • UAE RANKS IN GLOBAL TOP 10 FOR ONLINE SME & START-UP SEARCHES

    The United Arab Emirates has ranked in the top 10 countries globally for online searches of the term “how to start a business in…”, according to a recent report from SEMrush, the leading online digital marketing suite.

  • UK government suffers historic loss

    Summary:  Saxo Bank Chief Economist Steen Jakobsen analyses the state of play in Brexit following PM May's historic Parliamentary loss.

    UK Prime Minister Theresa May saw her already controversial Brexit bill roundly and conclusively defeated in Parliament Tuesday evening with uncertainty on the future of both her government and Brexit itself dominating sentiment into today's vote of no confidence.

  • USB DEVICES POSE A SIGNIFICANT THREAT TO INDUSTRIAL FACILITIES

    New, first-of-its-kind research released today by Honeywell (NYSE: HON) shows that removable USB media devices such as flash drives pose a significant – and intentional – cybersecurity threat to a wide array of industrial process control networks.

  • USD, gold's biggest enemy, could edge higher in the near-term, causing the yellow metal to edge lower - Century Financial Weekly Market Report

    Currencies

    Trendline resistance on daily chart

    With US-China trade relations set to sour even further, that's putting a bid in the dollar while also leaving the Aussie offered at the same time. China announced over the weekend that it was pulling out from all future trade talks with the US in the wake of the recent decision to impose economic sanctions on a number of Chinese officials. The diplomatic scuffle is over China purchasing jets and missiles from a Russian arms exporter subject to US sanctions.

  • Washington gridlock won’t change late-cycle realities

    Savvy investors have spent a sleepless night as the results of the US midterm elections rolled in. The Democratic Party worked tirelessly to win the House, and today they claim victory; the outcome, however, will be government gridlock. But will these results change the cyclical course of the financial market? It’s unlikely.

  • WCU: Commodities await the greenback’s fate

    Most major commodities were headed for weekly gains as the short-term focus on growth and demand risks related to emerging markets faded. This was helped by the dollar, which was heading for a second weekly loss. Overall, commodities have had a very bumpy ride this month that at one stage saw the Bloomberg Commodity Index hit a one-year low before recovering.

  • WCU: Crazy week in oil and gas

    The Bloomberg Commodity Index, which tracks a basket of major commodities within the three major sectors of energy, metals and agriculture, was on track to show its first weekly rise in six. Gains in energy and metals, both industrial and precious metals helped offset losses in agriculture commodities.

  • WCU: Signs of life as dollar weakens and trade tensions ease

    The Bloomberg Commodity Index, which tracks the performance of 22 major commodity futures, rose from the ashes this past week. The 2% gain occurred after some early weakness after the US announcement of additional tariffs on $200 billion worth of Chinese imports.