Latest news with #ErkinKamran
Wall Street Journal
09-07-2025
- Business
- Wall Street Journal
Gold Edges Lower, Weighed by Higher Treasury Yields
2345 GMT — Gold edges lower in the early morning Asian session, weighed by higher Treasury yields. 'Stronger-than-expected U.S. labor data last week dampened expectations for a near-term rate cut from the Fed,' Traze's Erkin Kamran says in an email. The 10-year Treasury yield remains elevated, boosting the opportunity cost of holding nonyielding assets like gold, Kamran says. Meanwhile, market participants could stay cautious ahead of FOMC minutes due out later today, Kamran adds. Spot gold is 0.1% lower at $3,297.76/oz. (
Business Recorder
04-07-2025
- Business
- Business Recorder
UAE stocks inch higher as geopolitical tensions ease, AI sector shines
Stock markets in the United Arab Emirates closed slightly higher on Friday, buoyed by easing geopolitical tensions and cautious optimism around a potential ceasefire deal between Israel and Hamas as well as Iran's commitment to nuclear non-proliferation. Iran remains committed to the nuclear Non-Proliferation Treaty and its safeguards agreement, Foreign Minister Abbas Araqchi said on Thursday, a day after Tehran enacted a law suspending cooperation with the U.N. nuclear watchdog. Israeli officials said prospects for reaching a ceasefire and hostage deal appeared high, nearly 21 months since the war between Israel and Hamas began. In Dubai, the main stock index ended the day 0.1% higher after spending most of the session in negative territory. The late recovery was driven by a 1.3% gain in Emirates NBD Bank and a 1.2% rise in Dubai Investments. However, Taaleem Holdings, a major operator of international schools, fell 1.2% after reporting a 5% drop inthird quarter net profit to 82.03 million dirhams ($22.33 million). Abu Dhabi's benchmark index also edged up 0.1%, supported by strong performances in AI and next-generation technology stocks. Presight AI, a big data analytics firm, surged 14.9% to an all-time high of 3.9 dirhams per share since its listing in March 2023. Major Gulf Shares rise as steady PMIs signal growth Space42, an AI-powered space technology company, jumped 10.4%, marking its biggest intraday gain since May 2023. According to Traze CEO Erkin Kamran, AI and tech stocks are likely to remain in favour as the UAE accelerates its push to become a global AI hub. Easing U.S.-China trade tensions and reduced restrictions on AI exports are also expected to attract more investor interest in the sector. For the week, the Abu Dhabi and Dubai indexes logged 1% and 1.2% gains respectively, according to LSEG data. Oil prices - a key catalyst for the Gulf's financial markets - drifted lower on Friday as eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on Saturday, sources from the producer group told Reuters, as they seek to regain market share. Brent crude was down 0.7% at $68.29 a barrel by 1204 GMT. --------------------------------- ABU DHABI rose 0.1% to 9,981 DUBAI up 0.1% to 5,753 ---------------------------------
Wall Street Journal
12-05-2025
- Business
- Wall Street Journal
Treasury Yields Rise as U.S.-China Deal Stokes Risk Appetite
0920 ET – Treasurys sell off, pushing yields higher, and the dollar strengthens as increased tariffs clarity improves the mood on Wall Street. A sharp reduction on bilateral tariffs between U.S. and China, following last week's U.K. deal, helps investors have a better sense of what lies ahead. Meanwhile, April 12-month consumer inflation index, due tomorrow, is expected to slow a little, in a WSJ survey, potentially giving the Fed more room to cut interest rates if unemployment rises. Yields are rising across the board. The 10-year is at 4.459% and the two-year is at 3.999%. The WSJ Dollar Index rises nearly 1%. ( @ptrevisani) 1115 GMT – Improved Sentiment after news of a U.S.-China deal to lower tariffs significantly lifts both Treasury yields and the dollar. Ebbing trade tensions eases concerns about the U.S. economic outlook and reduces expectations for U.S. interest-rate cuts, boosting the dollar, says Erkin Kamran, CEO of forex trading platform Traze. The rise in Treasury yields, taking the 10-year yield above 4.40%, reflects 'improved sentiment as investors rotated out of safe-haven assets,' he says. The U.S. and China agreed to mutually slash tariffs for 90 days, giving time for further negotiations. The 10-year Treasury yield is up 8 basis points at 4.453%, according to Tradeweb. The DXY dollar index rises 1.5% to a one-month high of 101.937. (
Khaleej Times
22-04-2025
- Business
- Khaleej Times
Traze earns UAE's SCA first category license, reinforcing Its commitment to transparency
The milestone marks a significant step in Traze's mission to redefine the trading experience, offering a transparent, accessible, and fair investing environment for traders in the MENA region and beyond Traze, an innovative online trading company dedicated to bringing crystal clarity to investing, has announced that it has secured the prestigious SCA First Category License from the UAE's Securities and Commodities Authority (SCA). This milestone marks a significant step in Traze's mission to redefine the trading experience, offering a transparent, accessible, and fair investing environment for traders in the MENA region and beyond. The SCA First Category License grants Traze the ability to offer a wide range of financial services, solidifying its position as a trusted partner for both retail and institutional investors in the UAE and the broader region. In this context, Dubai stands out as a leading international financial hub in the MENA region, offering a tax-free environment, world-class infrastructure, and a regulatory framework aligned with international standards. These advantages make Dubai the ideal location for financial services companies, providing them with the perfect environment for growth, innovation, and attracting investment. Celebrating this achievement with Traze's team at its headquarters in Boulevard Plaza Tower 1 - Downtown Dubai, Erkin Kamran, Traze CEO commented: "Receiving the SCA First Category License is a testament to our unwavering commitment to creating a trading ecosystem built on trust, transparency, and innovation. This regulatory milestone allows us to further our mission of making investing more accessible and empowering traders with the tools and education they need to succeed." With this regulatory approval, Traze goes one significant step further into consolidating as a trusted brand, and will continue to expand its offerings in the region, ensuring that traders of all levels have access to world-class financial instruments and cutting-edge technology. The company's focus on demystifying trading through intuitive tools and comprehensive educational resources remains at the heart of its successful differentiation strategy. "This is an exciting milestone for Traze and for traders across the UAE and the wider MENA region. With the SCA First Category License, we are uniquely positioned to provide a secure and transparent trading environment that meets the highest regulatory standards. We are committed to supporting traders at every step of their journey, helping them craft their own bespoke portfolios with confidence." added Osama Al Saifi, managing director for MENA at Traze. The acquisition of the UAE's SCA First Category License underscores Traze's ongoing efforts to enhance regulatory compliance and investor protection, while fostering a dynamic and inclusive trading community in the MENA region. Furthermore, Traze will be attending the Money Expo in Abu Dhabi for the first time as a first-tier sponsor to first handedly engage with the region's investors and business community, as well as to share the latest innovations on its trading platform on April 23 and 24. As Traze continues to expand, it remains dedicated to delivering unparalleled clarity and confidence in the world of online trading. For more information about Traze and its services, visit:
Gulf News
22-04-2025
- Business
- Gulf News
Online trading company Traze gains UAE's SCA First Category Licence
Traze, an innovative online trading company dedicated to bringing crystal clarity to investing, has secured the prestigious SCA First Category Licence from the UAE's Securities and Commodities Authority (SCA). This milestone marks a significant step in Traze's mission to redefine the trading experience, offering a transparent, accessible, and fair investing environment for traders in the Middle East and North Africa (Mena) and beyond. The SCA First Category Licence grants Traze the ability to offer a wide range of financial services, solidifying its position as a trusted partner for both retail and institutional investors in the UAE and the broader region. In this context, Dubai stands out as a leading international financial hub in the Mena, offering a tax-free environment, world-class infrastructure, and a regulatory framework aligned with international standards. These advantages make Dubai the ideal location for financial services companies, providing them with the perfect environment for growth, innovation, and attracting investment. 'Receiving the SCA First Category Licence is a testament to our unwavering commitment to creating a trading ecosystem built on trust, transparency, and innovation,' said Erkin Kamran, CEO of Traze. 'This regulatory milestone allows us to further our mission of making investing more accessible and empowering traders with the tools and education they need to succeed.' Consolidating as a trusted brand With this regulatory approval, Traze goes one significant step further into consolidating as a trusted brand and will continue to expand its offerings in the region, ensuring that traders of all levels have access to world-class financial instruments and cutting-edge technology. The company's focus on demystifying trading through intuitive tools and comprehensive educational resources remains at the heart of its successful differentiation strategy. 'This is an exciting milestone for Traze and for traders across the UAE and the wider Mena,' said Osama Al Saifi, Managing Director for Mena at Traze. 'With the SCA First Category Licence, we are uniquely positioned to provide a secure and transparent trading environment that meets the highest regulatory standards. We are committed to supporting traders at every step of their journey, helping them craft their own bespoke portfolios with confidence.' The acquisition of the UAE's SCA First Category Licence underscores Traze's ongoing efforts to enhance regulatory compliance, and investor protection while fostering a dynamic and inclusive trading community in Mena. First-tier sponsor of Money Expo Furthermore, Traze, headquartered in Boulevard Plaza Tower 1, Downtown Dubai, will attend the Money Expo in Abu Dhabi for the first time as a first-tier sponsor to engage first-hand with the region's investors and business community, as well as to share the latest innovations on its trading platform on April 23-24. As Traze continues to expand, it remains dedicated to delivering clarity and confidence in the world of online trading.
