Century Financial

NEWS DESK

Gold Faces Sixth Consecutive Decline Amidst Strengthening Dollar – Century Financial

News Desk 09/10/2024

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%

NEWS DESK

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

PR News Desk 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 […]

NEWS DESK

Gold Prices Surge 1% as U.S. Consumer Confidence Hits New Low – Century Financial

PR News Desk 25/09/2024

Gold prices surged over 1% in yesterday’s trading session after the U.S. consumer confidence data fell unexpectedly in September to 98.7, marking the biggest drop since August 2021. The decline is attributable to concerns about the labour market. The percentage of consumers reporting a robust job market decreased for the seventh consecutive month to 30.9%, […]

NEWS DESK

Century Financial Joins United Nations Global Compact Network UAE, Embraces Climate Ambition Accelerator 2024

PR News Desk 19/09/2024

Century Financial is proud to announce its participation with the United Nations Global Compact Network UAE (UNGC UAE) and its participation in the esteemed Climate Ambition Accelerator 2024. This milestone highlights Century Financial’s unwavering commitment to sustainability and aligns with its strategic goal to achieve net zero emissions As one of the first

NEWS DESK

Gold Prices Dip Awaiting Fed Decision; Oil Prices Rise Amid Central Bank Anticipations – Century Financial

PR News Desk 17/09/2024

Oil prices finish higher despite weak China data and gear up for a week of ‘amplified’ volatility: Oil futures rose Monday as traders shook off another round of lackluster data from China to focus on upcoming decisions by global central banks during a week that’s likely to see “amplified” volatility.Oil prices were steady on Tuesday, […]

NEWS DESK

Fed’s September Decision Could Break Four-Year Rate Streak – Century Financial

PR News Desk 16/09/2024

With just three days until the September FOMC meeting, market expectations are leaning toward a 25-basis point rate cut, though there’s still some speculation about the possibility of a larger 50-basis point reduction. If the Federal Reserve does make this move on September 18, it would mark the first rate cut over four years, potentially […]

NEWS DESK

Oil drops on hurricane impact, gold hits record, bitcoin falls ahead of Fed meeting

PR News Desk 16/09/2024

It’s the Epicenter of U.S. Gas Exports, and a Hurricane Magnet: When Francine slammed southern Louisiana, it became the latest storm to hit near an area that has become the epicenter of U.S. LNG exports. Oil falls after back-to-back gains on storm disruptions, still settles higher for the week: Oil futures finished with a loss […]

NEWS DESK

Gold Edges Up 0.4% Ahead of US Inflation Data

PR News Desk 10/09/2024

Gold edged up 0.4% in yesterday’s trading session as markets focus on tomorrow’s US inflation data, which could offer insight into the Federal Reserve’s next move on rate cuts. Currently, the market is pricing in a 129% probability of a full rate cut, with a 29% chance of an additional cut, bringing the implied rate […]

NEWS DESK

Oil Slumps 8% and Gold Declines Following U.S. Jobs Data – Century Financial

PR News Desk 09/09/2024

Oil prices drop 8% for the week, pressured by prospects of a slowdown in demand: Oil futures fell sharply on Friday to post a weekly drop of about 8%, with global benchmark prices settling at their lowest since 2021, driven by worries over a slowdown in demand. OPEC+ delaying its oil-output increase won’t solve ‘pervasive’ […]

NEWS DESK

Oil, Gulf Markets, and Gold Face Downturn – Century Financial

PR News Desk 04/09/2024

Oil prices tumble on growth fears, wiping out 2024 gains: Oil futures settled Tuesday at their lowest prices of the year as downbeat economic data from China and a weak reading on the U.S. manufacturing sector fed worries about a slowdown in energy demand.Oil Futures Sink On Supply-Demand Worries: Crude futures fall to their lowest […]

NEWS DESK

Oil ends higher as Powell’s Fed policy comments lift prospects for U.S. demand

PR News Desk 26/08/2024

Oil ends higher as Powell’s Fed policy comments lift prospects for U.S. demand: Oil futures settled higher Friday, extending a bounce from the previous session, after comments from head of the Federal Reserve confirmed prospects for interest-rate cuts that would help strengthen the economy – and demand for crude. Halliburton Hit by Cyberattack:

NEWS DESK

Oil Futures Hit Two-Week Low; Gold Trades Higher Ahead of CPI Report – Comments from Century Financial

News Desk 10/07/2024

Oil prices finish lower after Hurricane Beryl leaves energy infrastructure largely unscathed: Oil futures lost ground Tuesday, with U.S. benchmark prices settling at their lowest in nearly two weeks after Hurricane Beryl appeared to leave Texas energy infrastructure with little damage. U.S crude oil futures slipped in post-settlement trading Tuesday even as the American

NEWS DESK

Gold Sees Steepest Drop in Two Weeks Despite Robust Demand – Comments from Century Financial

News Desk 09/07/2024

The ADX General is declining slightly to 9,128.59 in Abu Dhabi in early trading. Aldar Properties PJSC contributed the most to the index decline, decreasing 0.9%. Emirates Driving Co. had the largest drop, falling 2.4%. The DFM General Index opened slightly higher at 4,082.11 in Dubai. Emaar Properties PJSC contributed the most to the index […]

NEWS DESK

Oil and Gold Prices Rise Amid Unexpected Supply Drop, Middle East Tensions, and Rate Cut Hopes – Comments from Century Financial

News Desk 05/07/2024

Shell to Take Impairment Hit of Up to $2 Billion: Shell expects to book up to $2 billion in post-tax impairments after delaying construction of a major biofuels plant as European energy majors grapple with weak market conditions, while trading in its core gas division is set to fall on quarter. Oil prices end higher […]

NEWS DESK

Nvidia’s AI Rocket Ride – Can It Stay in the Driver’s Seat?

News Desk 20/06/2024

Hold onto your virtual reality headsets, folks, because Nvidia’s stock has been on a wilder ride than a Tesla’s test drive on a closed circuit! We’re talking about the stock already doubling in value this year, breaching the stratospheric $1,000 mark, and leaving investors wondering – is this a one-way trip to the moon, or […]

NEWS DESK

Century Financial unveils 30 deeds x 30 days initiative during Ramadan

PR News Desk 18/03/2024

Inspired by the profound values of generosity and solidarity that Ramadan instils, Century Financial announces its 30 days x 30 deeds campaign. Resonating with the essence of the holy month, the campaign aims to perform one act of kindness each day, thereby seeking to make a meaningful difference in someone’s life. In association with renowned […]

NEWS DESK

𝗖𝗲𝗻𝘁𝘂𝗿𝘆 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗻𝗮𝗺𝗲𝗱 #𝟭 𝗕𝗲𝘀𝘁 𝗪𝗼𝗿𝗸𝗽𝗹𝗮𝗰𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗔𝗘™ 𝟮𝟬𝟮𝟰

PR News Desk 05/03/2024

Century Financial, a leading name in the financial services sector in the region, has been honoured with the prestigious title of the #1 Best Workplace™ in the UAE for 2024 among medium-sized companies. One of the most coveted ‘Employer of Choice’ recognitions in the industry, Great Place to Work® underscores Century Financial’s unwavering commitment to

NEWS DESK

Century Financial’s ‘Financial Freedom for All’ Campaign Achieves Monumental Success

PR News Desk 23/01/2024

The Financial Freedom for All – a campaign launched by Century Financial in collaboration with the United Nations Principles for Responsible Management Education (PRME) Middle East and the Anti-Poverty Working Group, has garnered the backing of leading corporates, pledging to enroll 10,000 blue-collar workers within the very first month of its launch. This significant

NEWS DESK

Century Financial Appoints Ulas Akincilar as Chief Product Officer

PR News Desk 05/01/2024

Century Financial, the pioneering investment services company in the United Arab Emirates, is pleased to announce the appointment of Ulas Akincilar as its new Chief Product Officer. Mr. Akincilar brings with him nearly a decade of experience in the global FX and trading technology sector, making him a valuable addition to the senior team at […]

NEWS DESK GCC UAE

Century Financial joins hands with the University of Dubai and PRME

Arnold Pinto 07/12/2023

Reiterating its commitment towards making financial literacy an essential life skill at the grassroots level; Century Financial, the region’s leading investment services provider collaborated with the University of Dubai and Principles of Responsible Management Education (PRME) to release ‘Financial Freedom for All’. Launched at PRME Middle East’s 10th Regional Forum, held