🇦🇪 United Arab Emirates · Finance & markets
14 storiesADIB shareholders approve AED1.75bn rights issue for Vision 2035
Shareholders of Abu Dhabi Islamic Bank approved a rights issue of about AED1.75 billion ($476 million) at a General Assembly on Tuesday. The issue comprises 106,383,000 new shares at AED16.45 each, a 28.8 per cent discount to the August 24 …
Fitch affirms Ras Al Khaimah’s A+ rating, raises 2026 growth forecast to 1.5%
Fitch has affirmed Ras Al Khaimah’s Long-Term Issuer Default Ratings at ‘A+’ and raised its 2026 growth forecast for the emirate to 1.5%, from a previously expected contraction of 1.8%. The agency removed the emirate from Rating Watch Negat…
Gold recovers from two-month low as US dollar eases from 18-month peak
Gold prices rose on 8 October 2026, recovering from a two-month low as the US dollar eased from an 18-month peak, WAM and Economy Middle East reported. Spot gold was up 0.5 percent at $4,132.66 an ounce by 01:40 GMT, WAM said. Economy Middl…
UAE financial intelligence unit and VARA sign pact on virtual assets crime
The UAE Financial Intelligence Unit and the Virtual Assets Regulatory Authority signed a memorandum of understanding to strengthen cooperation and the exchange of information on financial crime involving virtual assets. The MoU was signed b…
Dollar hits 17-month high as euro and sterling sit near 2025 lows
The US dollar headed for a third consecutive weekly gain on Friday and stood at a 17-month high, with WAM putting the dollar index at 102.08, up about 1% for the week. The euro was at $1.1237, near its lowest since May 2025, while sterling …
Euro falls to 17-month low against dollar on French fiscal concerns
The euro dropped to a 17-month low against the U.S. dollar, touching $1.1161 on Monday, its weakest since May 2025, as concerns over France's public finances and a sharp selloff in French government bonds drove investors toward the greenbac…
Nasdaq closes at record high as tech rally lifts Asian stocks
The Nasdaq Composite closed at a record 27,480.28 on Monday, up 1.06 percent, while the S&P 500 rose 0.67 percent to 7,774.22 and the Dow added 0.18 percent to 51,274.32, WAM reported. Asian markets rose on Tuesday, with the Nikkei up 0.86 …
Gold edges higher; spot price up 0.4 percent to $4,158.17 an ounce
Gold prices edged higher on Monday, with spot gold gaining 0.4 percent to $4,158.17 per ounce as of 01:50 GMT, according to WAM. US gold futures for December delivery rose 0.6 percent to $4,186.40. Other precious metals also firmed: spot si…
UAE and Morocco central banks sign two MoUs on supervision and payments
The Central Bank of the UAE and Morocco's Bank Al-Maghrib signed two memoranda of understanding at the CBUAE headquarters in Abu Dhabi on 3 October, covering banking supervision and Islamic finance, and the possible interlinking of payment …
Gold steadies before US payrolls data, set for second weekly loss
Gold held roughly flat on Friday at $4,184.45 an ounce and was down more than 2 percent for the week, on course for a second straight weekly decline, as investors awaited US payrolls data for signals on the Federal Reserve's policy path. US…
Gold prices ease as firmer dollar and Treasury yields pressure bullion
Gold prices eased, with spot gold slipping 0.3 percent to $4,128.83 an ounce by 04:00 GMT Tuesday, WAM reported, pressured by a firmer dollar and rising Treasury yields. In the UAE, Economy Middle East said retail gold rates fell Monday, wi…
UAE ministry lists second five-year Sovereign Retail T-Sukuk on Nasdaq Dubai
The UAE Ministry of Finance announced the listing and start of secondary-market trading for its second five-year Sovereign Retail T-Sukuk on Nasdaq Dubai on Friday. Subscription orders reached AED285 million, about 5.7 times the AED50 milli…
UAE central bank governor joins GCC finance ministers and IMF meeting in Manama
Khaled Mohamed Balama, Governor of the Central Bank of the UAE, took part in a joint meeting of GCC finance ministers and central bank governors with IMF Managing Director Kristalina Georgieva in Manama. The meeting covered the GCC economic…
UAE Central Bank to hold second Climate Forum in Abu Dhabi on 8 October
The Central Bank of the UAE will organise its second Climate Forum on 8 October 2026 in Abu Dhabi, under the patronage of Sheikh Mansour bin Zayed Al Nahyan, bringing together central banks, regulators and financial institutions. The CBUAE …