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.
In a landmark transaction for India’s banking industry, Middle Eastern banking giant Emirates NBD has announced the acquisition of a 60% stake in RBL Bank, a prominent Indian private sector lender, for $3.05 billion.
The Middle East, North Africa (MENA) region and Pakistan are experiencing stronger-than-expected economic growth in 2025, according to the International Monetary Fund (IMF).
Property transactions in Sharjah soared to AED44.3 billion (USD 12.05 billion) during the first nine months of 2025, marking a record 58.3% increase compared to the same period in 2024, according to the Sharjah Real Estate Registration Department.
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