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.
KKR and I Squared Capital are among global asset managers bidding for a district cooling business owned by Abu Dhabi's Multiply Group, part of a $1.5 trillion empire overseen by one of the UAE's most powerful Sheikhs, three sources said.
Aya Gold & Silver has kicked off 2025 with a sharp surge in production, signaling a major ramp-up at its flagship Zgounder mine in Morocco.
Turkish billionaire Robert Yuksel Yildirim is setting his sights on a $2 billion spree of nickel acquisitions, aiming to carve out a major role in the global battery metals supply chain and offer a Western-backed alternative to China’s dominance in the sector.
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