STOCKS BREAKING NEWS
Egypt signed two agreements with IFAD on 2 November 2026 for the CROWN project (US$64.85 million) and the PEARL project (US$470,000 grant), aiming to improve water management, support climate-resilient farming and expand
Stocks moved higher or lower across key sectors before the bell as investors digested upgrades, company results, deal news and shifts in energy prices. Cybersecurity and electric-vehicle stocks led gains on analyst actions, while memory shares bounced as traders returned to artificial-intelligence-linked names after a sharp sell-off. Key takeaways CrowdStrike shares rose 3.4% after Deutsche Bank upgraded the stock to buy, with investors focusing on how AI could expand demand for cybersecurity. Rivian climbed 3.8% on a UBS upgrade, supported by expectations for an inflection in the ramp of its R2 midsize SUV. Memory stocks gained roughly 2% each as…
Binance saw more than $5 billion in cryptocurrency outflows within 24 hours of reopening withdrawals after a record $6.3 billion security breach, according to on-chain analytics. Separately, blockchain investigators said North Korea-linked hackers moved about $242 million in stolen assets through the Tron network, underscoring the challenge for authorities as illicit funds travel across decentralized ecosystems. Key takeaways Price move: The event drove large-scale token movements as Binance restored withdrawals and as stolen crypto shifted across networks. Catalyst: Binance’s withdrawal reopening on Nov. 1 followed the Oct. 29 incident that led to roughly $6.3 billion in stolen assets. Outflow scale:…
Key takeaways Trading volumes climbed: Bitget reported $1.86 trillion in combined Q3 2026 trading volume, with monthly volume rising 21.2% from July to September. Derivatives and tokenized products led growth: Crypto derivatives volume increased 31.5% to $409.19 billion, while crypto spot rose 65.7%; CFDs expanded 39.7% to $376.32 billion for the quarter. Liquidity and cross-asset infrastructure were key catalysts: The launch of Cross-Asset Unified Account (UTA) expanded shared margin use across more than 370 eligible assets, including 100+ tokenized US stocks. Security remains a focus after an incident: After a Sept. 24 security event, Bitget said user balances were unaffected,…
Ahead of Apple’s upcoming earnings, etoro analysts highlighted demand strength for the foldable iPhone Duo while warning that supply and margin pressure, including rising memory costs, may be central to the market’s reac
BMW Group Middle East has announced the UAE debut of the fifth-generation BMW X5, distributed by AGMC across Dubai, Sharjah and the Northern Emirates and by Abu Dhabi Motors in Abu Dhabi and Al Ain. The company says the
ESR Group Limited and Al Muhaidib Group announced a 50:50 joint venture to develop and manage Saudi industrial and logistics real estate, targeting up to USD 5 billion in investments over five years, with operations expe
Elon Musk confirmed that Space Exploration Technologies has established a special committee to evaluate a potential combination with Tesla, while Tesla has formed its own special committee as well. Musk made the comments during SpaceX’s recent third-quarter conference call, adding that he views a merger between the two businesses as a “good idea,” according to the remarks discussed in subsequent coverage. If talks progressed, the likely structure would be an all-stock acquisition, where Tesla shareholders would be paid in SpaceX stock. The prospect has also drawn fresh attention from analysts on how a deal could translate into valuation outcomes for…
Zcash is edging higher on Monday, trading above $1,250 as investors refocus on a scheduled network upgrade and renewed debate over how the protocol funds development. The move comes alongside improved demand for Zcash-linked investment products and a modest rebound in derivatives positioning, though analysts caution the latest uptick may be more stabilizing than breakout-driven. At last check, ZEC was around $1,253, supported by inflows into investment products and expectations for Network Upgrade 7 (NU7), set for November 5. The price action also reflects a shift toward a compromise proposal for community grant funding, which could reduce uncertainty around long-term…
Solana’s token price remained under pressure on Monday, holding near $94.32 and extending its weekly slide to five straight weeks. The move reflects a combination of weakening institutional demand—evidenced by outflows from U.S. spot Solana exchange-traded funds—and a technical setup that continues to favor sellers. Key takeaways Price move: Solana (SOL) traded around $94.32 and stayed on track for a fifth consecutive losing week. Catalyst: Data cited by SoSoValue showed U.S. spot SOL ETFs posted $71.47 million in net outflows last week. Market implication: Four consecutive weeks of withdrawals suggest institutions have not yet stabilized their exposure to SOL. Technical…
Bitcoin, along with Ethereum and Ripple, edged higher on Monday after a bruising October that featured four straight weeks of declines. Bitcoin climbed back above $78,200 after finding support near key technical levels, but the rebound looks incomplete as price remains below its 50-day moving average and momentum indicators continue to point to cautious trading. Key takeaways Price move: Bitcoin recovered to trade above $78,000, after slipping to around $76,100 during the prior sell-off. Catalyst: Market pressure followed the Binance hack, with some assets reportedly frozen with help from Tether and Circle. Implication: Traders are watching whether Bitcoin can reclaim…
Visa says it has signed a two-year Memorandum of Understanding with Senegal’s Ministry of Telecommunications and Digital Affairs to cooperate on digital payments, financial innovation, cybersecurity and the modernization
Al Ansari Exchange said it will participate as a Silver Sponsor at Dubai FinTech Summit 2026, set for 2 to 3 November, highlighting its remittance and foreign exchange reach and digital transaction growth.
EtihadWE says it is continuing continuous monitoring of seawater quality, regular testing of produced and distributed water, and compliance checks before supplying water to the network, adding that its precautionary meas
Arab Bank Group reported net profit after tax of USD 902 million for the first nine months of 2026, up from USD 818 million a year earlier, alongside a 5% rise in total assets to USD 81 billion.
Dubai Land Department said it concluded the fourth Real Estate Day for Emirati Employment on 29 October 2026 at Address Sky View, bringing together Emirati jobseekers, university students and more than 80 real estate com
