Trump Threatens 100% Tariff on Any Country Imposing a Digital Tax on US Companies
Trump threatens a 100% tariff on any country taxing US digital services, one day after the EU finalized its new trade deal with Washington.
Wall Street Slips as AI Chip Rally Cools While Lower Oil Limits Broader Losses
US stocks closed lower as investors took profits in AI chipmakers after Micron's rally, while lower oil prices helped ease inflation concerns
Dubai Stocks End Weekly Pullback as Trading Tops AED 4 Billion
Dubai Financial Market closed the week 2.77% lower, while trading activity exceeded AED 4 billion as Emaar led turnover
Asian Stocks Retreat as Tech Selloff Weighs on Hong Kong and South Korea
Hong Kong and South Korean equities fell sharply as renewed weakness in global technology stocks and AI-related shares weighed on investor sentiment.
Dollar Holds Weekly Gains as Yen Hovers Near 40-Year Low
The US dollar remained on track for weekly gains while the Japanese yen hovered near its weakest level since 1986 despite rising inflation and expecta
GCC Stocks Close Lower as UAE Leads Regional Decline
GCC equities ended lower as all five major markets declined, with Abu Dhabi and Dubai leading losses while regional turnover exceeded AED 7.4 billion
UAE Stocks Fall as ADX and DFM Extend Broad Market Decline
UAE equities closed lower as the ADX fell 1.17% and the DFM lost 1.43%, with combined trading exceeding AED 2.7 billion.
Weak Yen Near 40-Year Low Boosts Japan Carmakers While Pressuring Importers
The yen remained near a 40-year low, lifting Japan's automakers while increasing pressure on import-dependent businesses.
US Stocks Close Mixed as Chipmakers Slip Ahead of Micron Earnings
US stocks closed mixed as semiconductor shares fell ahead of Micron earnings, while lower Treasury yields supported broader markets.
Dukhan Bank Raises $500 Million Through AT1 Sukuk as Investor Demand Exceeds Three Times Issue Size
Dukhan Bank raised $500 million through an AT1 sukuk priced at 6% after investor demand exceeded three times the issue size.
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