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Market

Gold up 2% as oil surges
Investor sentiment towards gold is unlikely to improve in the first few months of 2015, as markets expect the US economy to show continued signs of strength
Gulf stocks rise as Saudis maintain high spending
The Saudi budget envisions state spending at a record $230 billion next year, up 0.6 per cent from the 2014 budget plan.
Gulf markets rise ahead of Saudi budget
Regional bourses collapsed in early December because of fears that reduced oil export revenues would prompt Gulf governments to scale back economic development projects, hurting corporate profits.
Stocks rise, dollar strong
Robust US growth lifts risk appetite; focus remains on crude
World stocks extend gains
Oil and rouble rally into Christmas period; EU bourses helped by Greek hopes
DFM sustains rally for second day
Dubai surges 9.8%, Abu Dhabi up 3.5% as oil rise sparks Gulf rebound
Stocks rally for second day
Investors’ sentiments improve as Fed’s rate hike fears subside
Dubai stocks stage dramatic rebound
DFM’s 13% rally is its biggest one-day gain ever
Asia gains as US Fed promises patience
Asian markets mostly rallied on Thursday, with investors reversing a recent sell-off spurred by a Wall Street recovery and indications the Federal Reserve will keep rates on hold until mid-2015.
Dubai declares crude oil price for March
The official monthly price of Dubai crude oil is determined in advance, wherein a differential price is set three months in advance (M-3).
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