THE EDGE INSIGHTS
Latest Economic Insights
Independent economic analysis and market intelligence on regional and global trends.
Commodities Wrap 21 August: Gold Tops 4,600 Dollars as Treasury Buybacks Stir Inflation Concerns
The metals complex led Friday's session and the oil market did not follow. Gold settled at 4,675.30 dollars an ounce, up 2.27…
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Market Wrap MENA-Asia 21 August: Hang Seng Tops 26,000 While Dubai Rises and Abu Dhabi Slips
Asia extended Thursday's rebound into the weekly close on Friday, with Hong Kong leading the region above a round-number mark, while the…
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Commodities Wrap 20 August: Oil Extends Iran Rally as Silver Jumps 3.5 Percent
Oil extended its rally into the settlement on Thursday as Washington sharpened its sanctions threats against Iran, and the metals complex followed…
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Egypt Holds Interest Rates for a Fourth Straight Meeting as Inflation Edges Higher
The Central Bank of Egypt's Monetary Policy Committee kept its key policy rates unchanged on Thursday, holding the overnight deposit rate at…
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Market Wrap MENA-Asia 20 August: Kospi Rebounds 5.9 Percent as Brent Tops 94 Dollars
Asia rebounded on Thursday almost as hard as it had fallen a day earlier, while most Gulf markets absorbed a sharp escalation…
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Kuwait’s Five-Year Borrowing Cost Has Fallen 150 Basis Points in a Year While Policy Rates Fell 50
The Central Bank of Kuwait sold 100 million dinars of five-year paper on 19 August at a uniform yield of 3.3750 percent.…
Read more →Commodities Wrap 19 August: Metals Roar Back as Platinum Jumps 4.4 Percent
Wednesday sharply reversed Tuesday's metals rout: the complex that broke a day earlier roared back as long-term US yields fell and the…
Read more →Market Wrap MENA-Asia 19 August: Kospi Plunges 5.8 Percent, Kuwait Rises, Egypt Slides
Asia's selloff turned into a rout on Wednesday, led by the chip complex, while the Gulf split and Kuwait advanced, per CNBC.…
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Saudi Arabia Raised 9.5 Billion Riyals in August Sukuk With 43 Percent of It at the 2039 Maturity
Saudi Arabia's National Debt Management Center closed its August riyal sukuk issuance at 9.518 billion riyals on 18 August, across five tranches…
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Kuwait Sells 100 Million Dinars of Five Year Debt at a 3.375 Percent Cut-Off With Bids Covering It 3.9 Times
The Central Bank of Kuwait issued 100 million dinars of five year public debt on 19 August at a cut-off yield of…
Read more →Commodities Wrap 18 August: Metals Slide as Silver Drops 3.6 Percent While Coffee Jumps
The commodities board split sharply on Tuesday: every tracked energy contract rose while every tracked metal fell, per CNBC. Silver dropped 3.56…
Read more →Market Wrap MENA-Asia 18 August: Nikkei Sinks 2.5 Percent as Gulf Steadies and Egypt Slips
Asia sold off on Tuesday while the Gulf steadied, an inversion of Monday's map, as the first full session after the 60-day…
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- The Week Ahead: The Federal Reserve Decides on 29 July, US Growth and Inflation Data Land, and the Megacap Technology Earnings Peak
- Commodities Wrap 1 July: Precious Metals Rebound as Oil Drops Below US$70
- Market Wrap US-Europe 2 July: Dow Hits a Record and Europe Rallies as Soft US Jobs Data Reset Rate Expectations
- Market Wrap US-Europe 30 June: Wall Street Extends Gains and Europe Rises to Close the First Half
- Market Wrap US-Europe 1 July: Wall Street and Europe Slip to Start the Second Half as Warsh Keeps a Firm Line on Inflation