Bybit wins Dubai VARA licence for spot crypto trading
Bybit's Dubai unit secured a VARA licence for spot exchange services on October 22, adding a sixth regulatory approval to its 2026 tally — derivatives are not covered.
Middle East Markets
Latest MarketRadar stories about Middle East markets and economies.
Brent crude tops $113 as Houthi attacks on Saudi Arabia escalate
Brent crude climbed to $113.75 on Friday after Houthi attacks on Saudi Arabia, an Aramco headquarters evacuation and a Libyan pipeline shutdown deepened supply worries.
Dollar index slides to 101.7 as Iran war fears and AI-trade doubts hit the greenback
The dollar index fell 0.25% to 101.71 on Tuesday as traders weighed the US-Iran war against fresh doubts about the AI trade, with sterling, the euro, the yen and the Canadian dollar all gaining.
Brent crude holds near five-month high after Houthi strikes on Saudi infrastructure
Brent crude changed hands at $110.10 on Tuesday morning, just under Monday's $110.70 five-month high, as Houthi strikes on Saudi infrastructure and record tanker freight rates kept a fat risk premium in the price. China's September data added another layer: refiners drew inventories at more than 500,000 barrels a day even as apparent demand slumped.
Bitcoin price holds above $82K as Trump declares Iran deal complete, oil tumbles
Bitcoin held above $82,000 on Monday after President Trump declared the US-Iran deal finished and ordered the Strait of Hormuz reopened, draining the war premium out of oil.
Oil prices fall as Trump waives sanctions on Russia
Crude gave back part of Friday's surge after Donald Trump waived key Russia sanctions, but vessel attacks in the Gulf and a fragile US-Iran backdrop keep the market on edge.
WTI crude tops $100 as traders price in a US strike on Iran
WTI crude settled at $100.63 on Friday, up 3% on the day and about 9% on the week, as desks bet the US could strike Iran — with Brent holding above $109 and natural gas sagging toward $3.10 on weak demand.
IEA: UAE oil output hits record 5.3 million barrels a day in September
The UAE lifted total oil output to a record 5.3 million barrels a day in September, the IEA says — pumping crude at near-maximum capacity while its stockpiles drained at a record pace to all-time lows.
US CPI preview: MUFG sees the dollar index at 105 if September inflation runs hot
Hours before September's US CPI print, MUFG argues a hot reading — plus Middle East energy shocks — could push the dollar index to 105, with EUR/USD sliding below 1.10.
Paul Tudor Jones says oil could rally another $20-$25 as Iran conflict drags on
Billionaire macro trader Paul Tudor Jones says he is "long oil, bullish on oil," expecting crude to rally another $20 to $25 a barrel as the US-Iran conflict drags on past November's midterm elections.
Kraken secures full Dubai VARA approval, plans UAE launch with dirham trading
Payward, Kraken's parent company, won the final stage of Dubai's licensing regime on October 12, clearing it to launch dirham-quoted crypto trading, staking and tokenized equities in the UAE.
KLCI stalls below 1,620 as Saudi attacks push oil toward $94
Malaysia's KLCI added 9.56 points to close at 1,618.01 on Monday, but the two-day rebound is fading under the 1,620 level as Houthi attacks on Saudi airports sent crude oil about 2% higher and traders brace for Wednesday's US inflation data.
Disclaimer: Market news for information only — not financial advice.