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.
Saudi Arabia is positioning itself as a new hub in Africa’s gold trade, announcing that it is ready to begin purchasing bullion directly from Sudan in a move that could reshape long-established export routes dominated by Dubai.
Under the patronage of Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and deputy ruler of Sharjah, Sheikh Dr Salem bin Abdulrahman Al Qasimi, chairman of the Ruler’s Office, inaugurated on Wednesday the Sharjah Real Estate Exhibition ACRES 2026 at Expo Centre Sharjah.
The United Arab Emirates is participating in the 56th Annual Meeting of the World Economic Forum (WEF), held in Davos from 19 to 23 January 2026.
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