News and Blogs

The MENA equity markets have shown mixed performance in the first half of 2024. As of June 21, 2024, the S&P Pan Arab Composite index is up 1.6% year-to-date. Among individual markets

The intersection of artificial intelligence (AI) and cryptocurrencies is shaping the future of digital assets in several significant ways

The current financial landscape is influenced by a complex interplay of macroeconomic dynamics, currency fluctuations, intermarket relationships, and geopolitical developments

The intricate dance of global financial markets is not merely a series of cold, calculated transactions driven by fundamental economic indicators.

The Federal Reserve's decision to hold interest rates steady while signaling only one rate cut in 2024 was a key factor affecting gold prices.

In a significant leap towards advancing artificial intelligence (AI), Apple has announced the introduction of Apple Intelligence, a suite of AI features deeply woven into its operating systems and devices.

The Federal Reserve and the Bank of Japan are at the forefront of market movements this week. The Federal Reserve is anticipated to keep rates steady at 5.25%-5.50% during its meeting on June 12.

The European Central Bank (ECB) announced a 25 basis points reduction in its three key interest rates, bringing the main refinancing operations rate to 4.25%, the marginal lending facility rate to 4.50%, and the deposit facility rate to 3.75%.

On Wednesday, June 5th, 2024, Nvidia's stock price surged over 5% to hit an intraday high of $1,219.93, giving the company a market capitalization above $3 trillion for the first time.

Asian stock markets are predominantly trading higher on Wednesday, driven by easing global yields and growing optimism that the US Federal Reserve may lower interest rates in response to weakening labor market data.