Century Financial

NEWS DESK

Bitcoin Drops 5% After Hitting $100,000 as Strong US Economic Data Fuels Fed Rate Cut Expectations – Century Financial

News Desk 1 08/01/2025 0

Oil rose for a second day after an industry report pointed to another decline in US crude inventories. Oil has had a strong start to 2025, with prices breaking out of a months-long range, but many analysts continue to warn of a glut this year and technical indicators signaled the advance may

NEWS DESK

Century Financial and Dubai Polo & Equestrian Club Kick Off UAE Polo Federation Cup 2025

News Desk 1 07/01/2025 0

Dubai Polo and Equestrian Club, in partnership with Century Financial, proudly hosted the highly anticipated live draw for the UAE Polo Federation Cup 2025. This prestigious event, which is set to be one of the largest tournaments in the history of the UAE Polo Federation, will see nine elite teams competing for glory on the […]

NEWS DESK

Dubai’s Population Boom: Salik, Parkin, DEWA, Du, and Dubai Taxi in Focus – Century Financial

News Desk 1 03/01/2025 0

Dubai’s population is 3.8 million. The city’s population growth is being evidently and tangibly felt by residents. Of late, the number of cars on the road has increased, malls are more crowded, and traffic delays have become the talk of the town. Population growth in Dubai is expected to land around the figure of 3% […]

NEWS DESK

Bitcoin Stabilizes After 2024 Surge as Traders Weigh Regulatory Concerns and Slower Rate Cuts – Century Financial

News Desk 1 02/01/2025 0

Oil prices experienced an uptick on Thursday following the release of data indicating a decline in U.S. oil inventories last week. Traders, however, remained cautious as they contemplated the market outlook for the upcoming year. The American Petroleum Institute (API) reported on Tuesday that U.S. oil inventories dropped by 1.4 million barrels last week. Such […]

NEWS DESK

Cryptocurrency Market Reacts to Fed’s Expected Rate Cut; Bitcoin Falls from All-Time High – Century Financial

News Desk 1 18/12/2024 0

Bitcoin slipped on Wednesday after a three-day winning streak and a record high, as the digital currency saw profit-taking ahead of a Federal Reserve interest rate decision. Bitcoin fell 2.4% to $103,688.0, after breaching the $108,000 level a day earlier. The largest cryptocurrency reached an all-time high of $108,244 for a brief period on Tuesday. This […]

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UAE Proposes 15% Minimum Corporate Tax Rate – Century Financial

News Desk 1 10/12/2024 0

The UAE has transitioned from a tax-haven to a low-tax jurisdiction since the introduction of a 9% corporate tax rate in 2023. As the economy got used to these rates, a new proposal to implement a 15% minimum corporate tax rate starting in January 2025 has been suggested by the Ministry of Finance under the […]

NEWS DESK

Gold Steady Despite China’s Gold Reserves Boost and Escalating Middle East Tensions – Century Financial 

News Desk 1 09/12/2024 0

The ADX General is declining slightly to 9,262.09 in Abu Dhabi in early trading. Aldar Properties PJSC contributed the most to the index decline, decreasing 0.7%. Umm Al Qaiwain General Investment Co. had the largest drop, falling 9.7%.The DFM General Index opened 0.2% higher, climbing 8.4 to 4,862.85, as stocks gain for the second straight […]

NEWS DESK

Dubai’s Salik and Parkin Lead Strong 2024 Stock Market Gains – Century Financial

News Desk 1 27/11/2024 0

Gulf MarketsThe ADX General is rising for the second day, climbing 0.5%, or 46.77 to 9,278.65 in Abu Dhabi in early trading. International Holding Co. PJSC contributed the most to the index gain, increasing 0.7%. Abu Dhabi National Co. for Building Materials had the largest increase, rising 3.7%. The DFM General Index opened 0.3% higher, […]

NEWS DESK

Crude Oil and Bitcoin Surge Amid Geopolitical Tensions and Crypto Optimism – Century Financial

News Desk 1 20/11/2024 0

Crude oil futures in European morning hours Wednesday were climbing higher as the escalating geopolitical situation around Russia continued to dominate. Moscow has threatened to respond after Ukraine fired a US long-range missile into Russian territory, coming after the Biden administration lifted restrictions on their use. The Kremlin also announced a change in its

NEWS DESK

Oil prices edge up amid Russia-Ukraine tensions, but weak demand outlook – Century Financial

News Desk 1 18/11/2024 0

Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world’s second-largest consumer, and forecasts of a global oil surplus weighed on markets. In a significant reversal of Washington’s policy in the Ukraine-Russia conflict, President Joe Biden’s administration has allowed

NEWS DESK

Oil Prices Inch Up, Gold Struggles Amid US Dollar Strength and OPEC Demand Outlook 

News Desk 1 14/11/2024 0

Oil prices rebounded slightly on Wednesday on short-covering a day after they fell near a two-week low on OPEC’s reduced demand forecast, but gains were limited as the dollar hit a seven-month high. On Tuesday, the benchmarks closed at their lowest level in nearly two weeks after the Organization of the Petroleum Exporting Countries lowered […]

NEWS DESK

Bitcoin Hits $89K Record, Gold Slips as Dollar Strengthens Post-Trump Victory – Century Financial

News Desk 1 12/11/2024 0

Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.The largest token has jumped about 32% since the US election on Nov. 5 and hit an all-time high of $89,599 early on Tuesday. […]

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Impact of a Donald Trump win on US – GCC Ties – Century Financial

News Desk 1 07/11/2024 0

A Trump victory would have a mixed impact on US and Gulf ties due to several factors, such as trade tariffs, oil production, strong U.S. support, and urgent conflict resolution. Trump’s proposed tariffs on imports might strengthen the US dollar through reduced spending on foreign goods, benefiting GCC currencies like the Saudi riyal or the […]

NEWS DESK

Geopolitical Tensions Boost Oil Prices; Bitcoin Rallies as Election Day Nears – Century Financial

News Desk 1 02/11/2024 0

Oil edged higher after a two-day decline, with traders weighing developments in the Middle East and the prospects for more OPEC+ supply. Brent rose toward $72 a barrel after tumbling more than 6% over the previous two sessions, while West Texas Intermediate was near $68. While one Israeli minister suggested that the war with Hezbollah […]

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Century Financial and Abu Dhabi School of Management Sign MOU

News Desk 1 01/11/2024 0

Intensifying their efforts to equip the grassroots workforce with financial literacy; Century Financial, the region’s leading investment services firm, entered an MOU with the Abu Dhabi School of Management (ADSM) ensuring future engagement. Along with the United Nations PRME Middle East chapter, the collaboration recently hosted an event in Abu Dhabi with 50+ companies.

NEWS DESK

Gold Surges; Bitcoin Gains Momentum – Century Financial 

News Desk 1 18/10/2024 0

Gold surged above $2,700 an ounce for the first time as investors flocked to safety amidst rising geopolitical tensions and a tight U.S. presidential election race. Israel declared it killed Hamas leader and vowed to continue fighting until all hostages seized by Hamas were released. Additionally, traditional election polls in the U.S. are painting a […]

NEWS DESK

Gold Prices Climb as Investors Brace for Election 

News Desk 1 17/10/2024 0

The ADX General is advancing slightly to 9,312.08 in Abu Dhabi. International Holding Co. PJSC contributed the most to the index gain, increasing 0.4%. Bank of Sharjah had the largest increase, rising 2.9%.The DFM General Index is falling 0.4% at 4,467.84 in Dubai. Emirates NBD Bank PJSC contributed the most to the index decline, decreasing […]

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Bitcoin and Gold Both Poised for Growth – Century Financial

News Desk 1 16/10/2024 0

Bitcoin (BTC), the world’s largest cryptocurrency by market value, surged over 3% to reach $67,200 on Wednesday, its highest level since July, driven by investor enthusiasm and political developments in the US. Market optimism was fueled by strong participation in Trump-backed WLFI tokens and anticipation of crypto-friendly regulations as the US presidential elections

NEWS DESK

Gold Faces Sixth Consecutive Decline Amidst Strengthening Dollar – Century Financial

News Desk 2 09/10/2024 0

Gold is trading lower for the sixth straight session on Wednesday. The greenback has rallied in recent days amidst expectations of a more moderate pace of policy easing by the Fed. The markets are now expecting 50 bps of rate cuts in 2024, down from 75 bps just two weeks ago. There is an 87% […]

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Century Financial celebrates the UAE’s thriving SME Landscape with the third edition of the Golden Frame Awards

News Desk 1 30/09/2024

Century Financial proudly celebrated the remarkable achievements of standout SMEs during the third edition of the SME Golden Frame Awards, held at the Gulf Business Awards 2024. This was in line with the UAE’s strategic vision to solidify its position as a global business hub and a thriving destination for SMEs, reinforcing the nation’s commitment […]