Trade

Abu Dhabi National Oil Co.’s drilling unit rose by 33% over the course of its trading debut. This comes after the company raised 4.05 billion dirhams ($1.1 billion) to become the biggest ever Emirati IPO. Adnoc shares rose on Sunday from an initial asking price of 2.30 dirhams to 3.05...

We all remember how intense things got around this time last year. The pandemic caused people to panic-shop across America, pillaging supermarkets for goods such as toilet paper, hand sanitizers, and all kinds of cleaning products you can possibly imagine. Yeah, things got pretty crazy, and there were shortages...

U.S. stocks opened higher on Thursday, thereby sustaining Wednesday's gains after an initial wave of concerns regarding the new Omicron variant damaged investors' confidence. While vaccine makers and epidemiologists are still in the midst of assessing the latest COVID strain's severity and transmissibility, investors' anxiety has eased up over the...

European stock markets rebounded on Monday after what was a bleak ending to last week's trading. Stocks plummeted before markets closed on Friday as news emerged of the new Omicron coronavirus strain. Originally detected in South Africa, the strain has been located in 14 countries so far and is...

Moderna (MRNA) announced on Tuesday that European regulators have approved the biotechnology company’s right to apply early for approval of its COVID-19 vaccine. As a result, the company’s stock rose in the morning stock market trades 1.3%, which brought each stock to a price of 79.29 MRNA Chief Executive Stéphane...

Elon Musk cashed in on his Tesla stock holdings earlier this week, selling 7.9 million shares worth approximately $6.9 billion. This is the second time this year that the CEO of the electric car maker offloaded Tesla stock. He previously sold 9.6 million shares back in April and got...

The port of Rotterdam, Europes largest seaport, announced a 15% leap in freight volumes on a year-on-year basis in the third quarter. This increase comes as international trade continued to recover from its COVID-19 induced slump. Port of Rotterdam Chief Executive Allard Castelein had the following to say regarding the...

Valued at approximately $600 million, the port of Haifa is currently an acquisition target of four investment groups, each of which is expected to launch a bid for the port by October of this year. In an effort to promote competition and reduce costs, Israel has decided to sell...

The value of gold has embarked on a steady rise as of late as investors focus their sights on the timeline for a U.S. stimulus package and its impending effect on the value of the dollar. This cautious outlook on markets has aided gold in its recovery from a...

With Monday’s COVID-19 vaccine rollout leading to the rise of riskier stocks, gold prices have suffered a minor decline, with spot gold falling by 0.4% to $1,831.75 per ounce. U.S. gold futures declined by 0.4% as well to a price of $1,836.80. While news that a $908 billion U.S. COVID-19...