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Oil prices edge up despite Trump vowing action in Hormuz tensions

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Markets

Iran ceasefire effect: Oil plunges as European markets surge

Oil prices plunged below $100 a barrel after the US and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz.

Economy

Is Dubai the safe harbour investors are looking for?

Business councils from across the globe, operating under the Dubai Chamber of Commerce, say the emirate offers what nervous investors want most: predictability.

Markets

Lagarde warns Iran war shock will last 'years' as European stocks slip

European Central Bank President Christine Lagarde has warned that markets are "overly optimistic" about the Iran war's economic impact, as stocks fell across Europe, Asia and Wall Street on Friday.

Business

Passage denied: Oil and gas swing wildly as Hormuz crisis drags on

Oil prices are climbing, albeit at a slower pace, as the US and Israel's war with Iran enters its fifth day, with little to ease concerns over the safety of the Strait of Hormuz — a vital artery for the global energy supply.

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Markets

European stocks dip as Gulf exchanges stay shut following Iran strikes

European markets opened in deep negative territory as crude oil prices rose in early trading, alongside gold and other precious metals. US futures are also down as global markets react to the Iran conflict.

Markets

'Buying the dip': Gold rebounds after brutal sell-off

Gold rebounded on Tuesday after extended losses following Trump's nomination of Kevin Warsh as new Fed chair last week.

Economy

Santa Claus rally or year-end wobble? Markets wrap up 2025 mixed

World shares were mixed despite fresh record highs on Wall Street, as investors remained wary of inflation, slowing demand and uncertainty over how markets will start the new year.

Markets

Crypto darling no more? Bitcoin drops from its high as market panics

The world’s biggest cryptocurrency wiped out all its gains for the year, shedding over a quarter of its value from October’s record high.

Markets

Gold falls from new record, European markets show signs of recovery

European markets bounced back from recent weakness on Tuesday morning amid persistent geopolitical uncertainties.

Business

CEOs double down on AI as confidence in global economy slips, report

As the global outlook remains uncertain, business leaders are betting on AI and talent, while also making room in their budgets for cybersecurity and regulatory compliance.

Markets

Wall Street ticks lower amid labour market concerns and weak earnings

Disappointing earnings reports and weak labour data on Thursday pave the way towards Fed Chair Jerome Powell's Friday speech at Jackson Hole, keeping tensions elevated.

Markets

Global markets mixed ahead of Trump-Zelenskyy meeting

Global markets await to react to US President Donald Trump's meeting with Ukraine's Volodymyr Zelenskyy and other European leaders on Monday afternoon and the gathering of top central banks on Friday in Jackson Hole, Wyoming.

Economy

Ibex-35 hits 15,000 points and reaches the highest level since 2007

The Spanish stock market index had not reached highs like this since 2007, just before the global market crash.

Markets

Euronext bids for the Greek stock exchange: Here's what it means

Euronext has offered to buy the Athens Stock Exchange. Here's what it means for Greek businesses and how it will help the Greek economy.

Markets

Investors pivot to UK stocks as US faces continued instability

UK stocks boost performance as foreign investors shift away from US assets, citing 'higher-risk' concerns.

Markets

European stock markets opened higher despite Israel-Iran conflict

The major European stock indexes opened slightly higher while oil prices stayed elevated due to the uncertainty around the Israel-Iran crisis.