Saturday 31 January 2015
 
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Short-term outlook for oil set to remain bleak

There will be further short-term weakness in the price of crude oil, UBS Wealth Management's latest research has revealed. But it indicates that gains in the latter half of the year will take the price to between $67-72 per ba

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Gold set for biggest weekly gain on risk aversion

Gold has steadied on a modestly higher dollar but looked set to post its biggest weekly gain in 10 months as investors sought safety from volatility in wider markets after Switzerland unexpectedly abandoned a cap on the Swiss franc.

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Egypt approves 10pc capital gains tax

Egypt's government approved a 10 per cent capital gains tax on stock market profits, dividends and bonus shares, the country's Finance Minister Hany Dimian told Reuters in a phone interview on Thursday.  

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Dubai real estate market gains strength

Dubai’s real estate market is gaining strength as new projects are launched by private and government developers alike on a weekly basis, according to Macdonald & Company, a leading property recruitment specialist. The c

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Gold eases on stimulus fears after jump over $1,400

Gold erased early gains on Monday that pushed it past the psychological $1,400 mark to an 11-week high, slipping on uncertainty over whether the US Federal Reserve will wind back its stimulus measures from next month. The precious

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Gold hits 3-week high, buoyed by Fed uncertainty

Gold hit its highest in three weeks on Thursday as uncertainty about potential US Federal Reserve stimulus reduction kept the dollar under pressure, while holdings in the world's top gold-backed exchange traded fund (ETFs) rose.

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Gold eases on US data, stronger dollar

Gold reversed early gains on Thursday as the dollar crept off six-week lows on brighter US economic data and investors fretted about a pull-back in monetary stimulus despite dovish comments from the Federal Reserve.     

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Gold adds to strong monthly gains

Gold gained on Wednesday as the metal's strong performance in July prompted some month-end buying from funds, as traders awaited further clarity from the US Federal Reserve on the timing of any pull-back in stimulus measures.  &n

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Iran may seek 'tactical gain' with UN nuke deal

Iran and the UN nuclear watchdog are making headway towards a framework deal on how to tackle concerns about its atomic activity, diplomats say, a potential bargaining chip for Tehran in next week's negotiations with world powers. Iran

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Egypt foreign reserves see 1st gain since 2010

Egypt's foreign reserves rose slightly last month, central bank data showed on Sunday, their first gain since a popular uprising unseated the country's autocratic leader and sent the economy into a tailspin. The central bank has spent heav

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