Gold prices edge higher to $4,059.81/oz as market consolidates Gold prices rose to $4,059.81 per ounce as markets consolidate, with Citi forecasting short-term softness before gains to $4,500 in Q4 …
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Business
Egypt’s net international reserves rise to $56.3 billion in July 2026
by James Bryantby James BryantEgypt’s foreign reserves rise to $56.30bn at end-July 2026, central bank says Egypt’s foreign reserves rose to $56.30bn at end-July 2026, from $55.07bn in June, strengthening Egypt’s ability to meet …
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Business
Gold prices rise slightly as dollar falls ahead of US jobs data
by James Bryantby James BryantGold prices edge higher as dollar softens ahead of U.S. jobs data Gold prices edged up as the dollar softened, with spot gold at $4,081/oz and futures trading below $4,140 …
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UAE banks record 7.65% H1 2026 profit rise, boosting investor confidence
by James Bryantby James BryantUAE banks H1 2026 profits rise 7.65% to AED47.79bn as lending and deposits strengthen UAE banks H1 2026 profits rose 7.65% to AED47.79bn as lending, deposits and fee income strengthened, …
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Aldar posts 18% H1 2026 profit rise and launches AED100bn Marsa Saadiyat phase
by James Bryantby James BryantAldar Group Posts 18% H1 Profit Rise to Dh4.9bn as It Unveils Dh100bn Marsa Saadiyat and Dh6bn Yas Point Aldar Group posts H1 net profit of Dh4.9bn (up 18%) and …
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Business
UAE bank assets rise 1.1% in May 2026 to AED 5.633 trillion
by James Bryantby James BryantUAE bank assets rise to AED 5.633 trillion in May, Central Bank reports UAE bank assets climbed to AED 5.633 trillion in May as credit and deposits increased, Central Bank …
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US dollar holds one‑month high as Fed rate‑hike risk keeps markets cautious US dollar holds a one‑month high as looming Fed rate‑hike risk unsettles markets; euro, yen and pound slip …
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Business
UAE Federal Tax Authority announces 27% rise in VAT refunds for new citizen homes
by James Bryantby James BryantUAE VAT refund for new homes surges to 4,000 claims in H1 2026 UAE VAT refund for new homes reached 4,000 approved claims worth AED 353.5m in H1 2026 as …
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Business
Dubai Islamic Bank announces strong H1 2026 results with 10% revenue rise
by James Bryantby James BryantDubai Islamic Bank posts strong H1 2026 results with revenue growth and improved asset quality Dubai Islamic Bank posts H1 2026 results: revenues up 10% to AED12.4bn, PBT AED4.3bn, net …
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Business
DIFC Courts record 25% caseload rise, AED 10.02bn in claims H1 2026
by James Bryantby James BryantDIFC Courts record 25% rise in H1 2026 cases and Dh10.02bn in claims DIFC Courts report a 25% rise in H1 2026 caseload and Dh10.02bn in claims, driven by party …