Vijay Valecha

NEWS DESK

Strong Jobs Lift Dollar; Oil Up on Iran Risks, Stocks Steady, Gold Softens – Comments from Century Financial

News Desk 12/02/2026

US Markets  The S&P 500 ended the session little changed, with a slight decline of 0.05%. Worries around the impact of artificial intelligence on several industries curtailed a rally fuelled by strong employment data. Stocks had initially received a boost from stronger-than-expected

NEWS DESK

Personal Income Tax Implementation in Oman – Will the Rest of GCC Follow Suit?

PR News Desk 24/06/2025

Vijay Valecha, Chief Investment Officer, Century Financial on personal Income Tax Implementation in Oman and will the model serve as a template for rest of the GCC nations : In a landmark and much-watched move, Oman announced a new personal income tax targeting high-income earners today. Starting from January 2028, a tax rate of 5 % […]

NEWS DESK

UAE IPO List Is About To Get More Diverse – Cafu IPO on The Cards

PR News Desk 25/04/2025

UAE’s mega IPO bull wave will likely see another addition to its kitty. Cafu, UAE’s popular fuel delivery app, is in talks with Lazard Ltd for a possible IPO. The companies have not confirmed the exact details of the amount, the date, or even the actual possibility of the IPO. Cafu, owned by prominent Emirate […]

NEWS DESK

Oil Falls on Supply Worries as Gold Hits Record Amid Safe-Haven Rush – Century Financial

PR News Desk 14/04/2025

Although WTI prices rose 2.02% on Friday, oil prices fell by 1.44% for the previous week, seeing prices drop to the $55.22 mark before recovering in a highly volatile week. This marks the continuation of bearish pressures on the commodity, as investors remained worried about weakening global economic growth due to the escalating trade war […]

NEWS DESK

Potential Impact of New Tariffs being Imposed by Donald Trump on the UAE and GCC – Century Financial

PR News Desk 02/04/2025

Vijay Valecha, Chief Investment Officer, Century Financial“The tariffs established during President Trump’s administration, expected to generate around $700 billion in revenue annually, have significant implications for both global and regional trade. On a global scale, these tariffs are primarily aimed at countries where the U.S. has large trade deficits, like

NEWS DESK

How Eid will impact gold & markets – Century Financial

PR News Desk 26/03/2025

Eid-al-Fitr impact gold & marketsHistorically, Eid has fallen in late March or early April for approximately the last 3–4 years and will continue to do so for a few more years before shifting into earlier March. Eid gifting remains a core element of this celebration. It is anticipated that more than 50% of UAE residents […]

NEWS DESK

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

PR News Desk 09/12/2024

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

Bitcoin and Gold Both Poised for Growth – Century Financial

PR News Desk 16/10/2024

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

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 […]