STOCKS BREAKING NEWS
Stocks across U.S. airlines, consumer staples, defense and media were among the biggest midday movers after a wave of earnings updates and company-specific guidance. Shares of American Airlines rose 3% as investors focused on its outlook amid margin pressure from fuel costs, while Southwest jumped 5% after projecting adjusted per-share profit below its prior range. In other sectors, Procter & Gamble climbed 6% on fiscal first-quarter results that beat expectations, and Lockheed Martin gained 5% after raising guidance. Elsewhere, trading was sharply mixed: electrical distributor Forgent Power Solutions plunged 24% after naming a new CFO following the finance chief’s planned…
Al Ansari Exchange says it is testing voice AI in its mobile app and exploring agentic AI applications as 11 Dubai-based companies, supported by Dubai Chambers, pledge to integrate autonomous AI into their operations.
Al Masraf and Innovo Group said a project financing agreement announced on 19 October 2026 marks a milestone in their strategic banking relationship, with a media ceremony held in Dubai and executives Fuad Mohamed and Bi
Stocks moved broadly in premarket trading as investors digested a wave of corporate updates ranging from defense procurement and earnings beats to guidance surprises and energy-price momentum. Defense and rail names climbed on results and outlooks, while several software, healthcare, semiconductor and gaming-related stocks fell after earnings or guidance missed expectations. At the same time, oil prices rose on renewed geopolitical concerns, lifting parts of the energy sector. Key takeaways Defense and industrial earnings helped lift stocks: Lockheed Martin rose 3% after better-than-expected quarterly results and raised 2026 guidance. Guidance and sentiment drove outsized moves: Spotify gained 5% after fourth-quarter…
Dubai Land Department says it will host the fourth edition of Real Estate Day for Emirati Employment on 29 October 2026 at Address Sky View Hotel, partnering with the Ministry of Human Resources and Emiratisation and oth
September UK inflation accelerated more than expected, with headline CPI rising to 3.5% year-on-year, strengthening arguments for a Bank of England rate hike in November while clouding sterling’s outlook as borrowing unc
Eli Lilly and Mubadala Bio said they have signed a strategic collaboration to expand localized packaging and logistics for Lilly’s GLP-1 medicines in Abu Dhabi, with facilities planned for a 125,000 sqm site in KEZAD. Th
Arabian Gulf Capital CIO Michael Smirnow argues that supply-constrained growth and sovereign-debt dynamics have weakened the traditional role of long-term bonds as an equity hedge, citing decade-long divergence between e
XRP traded near $1.34 on Thursday, extending a cautious tone after buyers failed to build on a recent rebound. The token remained below a cluster of widely watched moving averages, while derivatives positioning signaled a split between bearish spot sentiment and bullish funding flows in perpetual futures. Key takeaways Price move: XRP hovered around $1.34, staying under key moving averages. Catalyst: Futures activity showed conflicting signals—a bearish long-to-short skew alongside positive funding rates. Key implication: Tight technical levels mean XRP’s next direction depends on whether it can reclaim the $1.375 resistance zone. Risk level: Losing nearby support could reopen the…
Bitcoin’s rebound stalled after failing to hold above the $84,000 area, with the price slipping to trade below $82,500. Over the past 24 hours, the world’s largest cryptocurrency by market value is down about 0.3%, as buyers struggled to clear a widely watched resistance zone and traders focused on near-term options dynamics. Market observers point to a mix of overhead supply near the $84,000 to $87,000 region and positioning factors that could shape the next leg lower or keep the market range-bound. Key takeaways Price move: Bitcoin fell from the $84,000-plus level to below $82,500 over the last 24 hours.…
Zcash was trading near $1,300 on Thursday, extending a rebound after three straight sessions of recovery that left the privacy token up roughly 15% on the week. At the time of this report, Zcash was around $1,287, as ETF-related demand and increased derivatives activity helped lift sentiment after weeks of weaker flows. Key takeaways Price move: Zcash held near $1,300 after three days of gains, keeping about 15% weekly growth intact. Catalyst: Spot ETF inflows strengthened, alongside higher futures exposure. Derivatives signal: Futures open interest rose to $2.89 billion, the highest level since late September. Implication: The bounce suggests improving…
Bitcoin’s direction into the fourth quarter will likely be shaped by a three-way interaction between Federal Reserve policy, US Treasury yields and spot exchange-traded fund (ETF) flows, according to Nexo. The outlook comes after Bitcoin gained 42.7% in the third quarter, helped by improving market conditions as selling pressure eased and the share of supply in profit rose. Even with the improved recovery—Bitcoin rose 7.3% in July, 25% in August and 6.4% in September—uncertainty has re-emerged. Nexo pointed to negative ETF flows in October and cited the Fed’s policy decision on October 28 as a key near-term catalyst for risk…
National Properties says it has completed 399 Hills Park in Dubai Hills Estate and begun handing over units to buyers, with one tower fully sold and the other to be retained for income generation, following a statement o
Mubadala Bio and Eli Lilly said they have signed a strategic collaboration to localize packaging and logistics for Lilly’s GLP-1 medicines in Abu Dhabi, supported by a 125,000sqm KEZAD site.
Janus Henderson Investors has appointed Charles Ejiogu as Executive Director, Client Group MEA, with him set to be based in Dubai and report to Meshal AlFaras starting in October 2026, as the firm expands its Middle East
Tanmiah Food Company says it has signed agreements with SABIL and NGC to enhance in-Kingdom storage of feed grains at Al-Kharj and to support joint sourcing and hedging of international commodity exposures for its poultr
