EZB8RISK / Market Briefing

UAE headlines center on deepening regional financial ties, with the central bank renewing a large currency swap deal with Egypt and reports of major new investment plans for India'

UAE headlines center on deepening regional financial ties, with the central bank renewing a large currency swap deal with Egypt and reports of major new investment plans for India's energy sector. Dubai and Abu Dhabi shares slipped as talks over the Strait of Hormuz dragged on, keeping a cautious tone across Gulf markets. Gold prices in the UAE eased below a key per-gram level as global rate expectations stabilized, softening the safe-haven bid.

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