Most stock markets in the Gulf fell in early trade on Wednesday as hopes waned for early interest rate cuts from the U.S. Federal Reserve.
In Abu Dhabi, the benchmark stock index fell 0.3%
Most stock markets in the Gulf fell in early trade on Wednesday as hopes waned for early interest rate cuts from the U.S. Federal Reserve.
Markets will get a chance to assess minutes of the Feds' last meeting later in the day for further clues on when the U.S. central bank will start its easing cycle.
Most Gulf currencies are pegged to the dollar, and any monetary policy change in the United States is usually mimicked by Saudi Arabia, the United Arab Emirates and Qatar.
Trade between the United Arab Emirates and Syria more than doubled in 2025 and has further to grow, a UAE minister said on Tuesday, addressing a Damascus investment forum that signalled rapidly warming ties between the states.
Abu Dhabi is putting its $57 billion infrastructure agenda front and centre this week.
Something broke in the markets on Thursday, and it wasn't just another bout of volatility. Stocks fell. Bonds fell. Oil rebounded sharply. Commodities tightened across the board.
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