Latest news with #NaeemAslam
The National
2 days ago
- Business
- The National
What new US crypto laws mean for the future
Crypto has reached a critical moment in its history. The US released a slew of game-changing bills for cryptocurrency last week, signalling a long-anticipated seal of approval of crypto from the world's largest economy. Those bills are the Clarity Act, something called the Anti-CBDC Surveillance State Act, and – the Genius Act, which is what we are focusing on today. It is all expected to have major implications for the Middle East, which has already established its own level of crypto adoption. On this episode of Business Extra, host Salim Essaid hears from two experts; Naeem Aslam, CIO at Zaye Capital Markets in London, and Ola Doudin, CEO of UAE-based cryptocurrency exchange BitOasis. here.
Time of India
16-06-2025
- Business
- Time of India
Israel-Iran tension: UAE fuel prices could rise as oil rates nears $100, experts warn
The Israeli Iron Dome air defense system fires to intercept missiles during an Iranian attack over Tel Aviv, Israel, Sunday, June 15, 2025. (AP Photo/Leo Correa) The ongoing conflict between Israel and Iran has sent shockwaves through global oil markets, with crude prices surging and concerns rising that UAE fuel prices could follow suit in the coming month. Analysts warn that if the geopolitical tensions continue to escalate, oil prices could breach the $100 mark, and in extreme scenarios, may even reach $120. Crude Prices Surge Following Israel's Strike on Iran On Friday morning, Israel conducted a significant military strike in Iran, reportedly targeting nuclear and military facilities. The action is being viewed as a major escalation in the ongoing tensions between the two countries. The incident immediately affected global oil markets, contributing to a sharp rise in crude prices amid concerns over potential disruptions in the region. Following the attack, crude oil prices rose sharply, with prices climbing as much as 14 percent. Over the weekend, West Texas Intermediate (WTI) crude settled at $72.98 per barrel, and Brent crude closed at $74.23 — an increase of 7.26% and 7.02%, respectively. For UAE motorists, this trend is particularly important. If global oil prices remain elevated, or continue to climb, fuel prices at the pump in the UAE are likely to rise in the coming month. In June, the UAE's fuel prices were held steady, with: Super 98 priced at Dh2.58/litre Special 95 at Dh2.47/litre E-Plus at Dh2.39/litre Analysts Warn of Volatility and Potential $120 Oil Market analysts and financial experts have expressed concerns that the situation could lead to increased volatility and significantly higher oil prices, depending on how events unfold. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Naeem Aslam, an analyst at Zaye Capital, warned, 'Markets are staring down a barrel of volatility. Oil's surged up to 14 per cent on Israel's strikes; prices could breach $120 if energy infrastructure gets hit. Markets are on edge – any disruption in this oil-rich region could send crude soaring further.' Ipek Ozkardeskaya, senior analyst at Swissquote Bank, noted that the market's response has already been significant. She explained, 'Tensions eventually eased [after Israel's October 2024 strike on Iran], and markets quickly settled. A similar de-escalation is possible now, but not guaranteed. Judging by the price action, the market's response to last night's attack has been very strong.' She outlined two possible scenarios: De-escalation, which could bring oil back below $70 per barrel, with attention shifting back to fundamentals like supply-demand dynamics and trade issues. Escalation, potentially pushing oil toward $90–$100 per barrel, 'hopefully only temporarily,' she added. Supply Resilience Could Soften Long-Term Impact Despite the sharp price spike, some analysts believe the rise could be temporary, as the global oil market remains fundamentally strong in terms of supply and reserves. Norbert Ruecker, head of economics and next-generation research at Julius Baer, said oil remains a reliable indicator of geopolitical tension. 'The situation remains in flux, and the coming days and weeks will show how far the escalation goes. Our best guess is that this latest conflict eruption follows the usual pattern, with prices rising temporarily before returning to previous levels,' he said. Ruecker emphasized that the oil market is resilient and less vulnerable than in the past: Ample storage is available in both the West and China. Plentiful spare production capacity exists, over 5% of global output, and is now being reintroduced to the market. Exports outside the Middle East are growing steadily. He added, 'Oil supply concerns of course are boiling up and the risk of a closure of the Strait of Hormuz, a key choke point of oil trade, moves into focus.' However, he said such a disruption remains unlikely from Julius Baer's perspective. Strait of Hormuz: The Critical Chokepoint The Strait of Hormuz, which handles more than 20 million barrels of crude oil per day, remains the world's most critical oil transit chokepoint. Any threat to this vital passage can have immediate and far-reaching consequences. Ole Hansen, head of commodity strategy at Saxo Bank, warned, 'Even a brief disruption of the Strait of Hormuz… could trigger a sharp price spike, with some analysts warning of a potential move toward $100 per barrel in a worst-case scenario.' While the current spike is being interpreted by some as a knee-jerk reaction to military developments, the oil market's long-term trajectory will depend heavily on how Israel and Iran navigate the conflict in the coming days.
Yahoo
26-05-2025
- Business
- Yahoo
Markets live: European stocks jump as Trump delays 50% tariff
European stocks headed higher on a quiet day in markets, as traders react to Donald Trump's latest move on tariffs. The president said that he would delay imposing a 50% tariff on goods from the European Union until 9 July, extending trade negotiations with the bloc. They had been due to kick in on 1 June. The move follows a conversation on Sunday with European Commission president Ursula von der Leyen. Germany's DAX (^GDAXI) jumped 1.7% in early trade. Siemens ( and defence contractor Rheinmettal ( were among the top gainers. The CAC 40 (^FCHI) in Paris also rallied 1.2%. The pan-European STOXX 600 (^STOXX) rose 1%. The FTSE 100 (^FTSE) is closed on Monday for the late-May bank holiday. Indices are also shut in the US for Memorial Day. Naeem Aslam, CIO at Zaye Capital Markets, said: Hello from London. It's a bank holiday here today, so the FTSE 100 is closed. US indices are also shut for Memorial Day so we won't be monitoring futures or the open today. Europe is still open, however, and currently European stocks are trading higher on the promise of delayed Trump tariffs. Let's get to it. Naeem Aslam, CIO at Zaye Capital Markets, said: Hello from London. It's a bank holiday here today, so the FTSE 100 is closed. US indices are also shut for Memorial Day so we won't be monitoring futures or the open today. Europe is still open, however, and currently European stocks are trading higher on the promise of delayed Trump tariffs. Let's get to it.
Yahoo
25-02-2025
- Business
- Yahoo
FTSE 100 LIVE: Markets jittery as Trump pushes forward with Russia-Ukraine talks
The FTSE 100 and European stocks made small moves on Tuesday, following a mixed session for the US, as markets weigh the latest developments in president Donald Trump's attempt to end the Russia-Ukraine war. Trump is trying to end the war without input from Ukraine or European nations, and said on social media that he's in 'serious discussions' with Russian president Vladimir Putin. The wheels are also in motion for Ukrainian president Volodymyr Zelensky to visit and sign a deal regarding rare earth minerals, with Trump saying that the deal is necessary so the US can be repaid for its support. French president Emmanuel Macron visited the White House on Monday, delivering the message that a "ceasefire must not mean surrender of Ukraine". UK prime minister Keir Starmer is preparing to head to Washington on Thursday for a scheduled meeting with Trump. The FTSE 100 (^FTSE) rose slightly in early trade. Unilever (ULVR.L) was among top fallers in the index following news of a top-level shakeup. The DAX (^GDAXI) in Germany was 0.1% lower. The index gained on Monday following the eelection of Friedrich Merz. The CAC 40 (^FCHI) fell 0.1% after a selloff on Monday. Nvidia (NVDA) is in focus in the US ahead of its corporate earnings on Wednesday. "Nvidia's performance will be crucial in determining whether the AI-driven tech rally can sustain its momentum," said Naeem Aslam, chief investment officer at Zaye Capital Markets. As the government's stamp duty holiday comes to a close at the end of March, an estimated 25,000 first-time buyers in England are set to miss the deadline, risking up to £11,250 in extra charges when their purchases complete in April. According to property site Rightmove (RMV.L), an average home-mover in England will see an additional £2,500 in stamp duty costs from 1 April. While first-time buyers of homes priced up to £300,000 will still be exempt from stamp duty, those purchasing homes valued between £500,001 and £625,000 will be hit the hardest. This group will face an extra £11,250 in taxes, as the government's stamp duty rules change. Read more on Yahoo Finance UK Naeem Aslam, chief investment officer at Zaye Capital Markets, said: UK energy bills for a typical household are set to rise by more than £100 in a year in April, as Ofgem's new price cap kicks in. The bump is higher than expected and will put pressure on both people's finances and overall inflation data. The increase of 6.4% means an average annual bill will be £111 higher taking the total annual bill to £1,849. Energy regulator Ofgem said people should consider switching to a fixed tariff. Unilever's boss Hein Schumacher is stepping down after a year an a half in the role, with Fernando Fernandez, the company's CFO set to step in and take over. The FT reported that the board decided to oust Schumacher and replace him with Fernandez. Neil Wilson, analyst at TipRanks, writes: The Dow and S&P 500 barely moved in premarket, while the Nasdaq looked set to open at a small loss. US stocks sold off into the close on Monday as investors weighed the prospects of President Donald Trump's tariff policies and also shifted focus to this week's Nvidia (NVDA) earnings. The Dow Jones Industrial Average (^DJI) was little changed on the heels of its worst week since October. The S&P 500 (^GSPC) fell 0.5%, while the tech-heavy Nasdaq Composite (^IXIC) fell 1.2%. Stocks' comeback attempt fizzled after Friday's steep declines capped a losing week, which was marked by data showing American consumers and businesses are becoming concerned about Trump's tariff plans. During a press conference on Monday, President Donald Trump suggested tariffs on Mexico and Canada would "go forward on time, on schedule," once a month-long delay is over next week. Meanwhile, how Nvidia is navigating the looming threat of those tariffs will be closely watched when the AI chipmaker reports its results on Wednesday — the highlight of the earnings week. Eyes are also on Big Tech's demand for AI and risks from China-based DeepSeek's lower-cost tech. Hello from London. Another day — another live blog. On the slate today: Details on the energy price cap rise in the UK Bank of Australia's interest rate decision Budweiser (BDWBF) and Home Depot (HD) quarterly results Let's get to it. As the government's stamp duty holiday comes to a close at the end of March, an estimated 25,000 first-time buyers in England are set to miss the deadline, risking up to £11,250 in extra charges when their purchases complete in April. According to property site Rightmove (RMV.L), an average home-mover in England will see an additional £2,500 in stamp duty costs from 1 April. While first-time buyers of homes priced up to £300,000 will still be exempt from stamp duty, those purchasing homes valued between £500,001 and £625,000 will be hit the hardest. This group will face an extra £11,250 in taxes, as the government's stamp duty rules change. Read more on Yahoo Finance UK Naeem Aslam, chief investment officer at Zaye Capital Markets, said: UK energy bills for a typical household are set to rise by more than £100 in a year in April, as Ofgem's new price cap kicks in. The bump is higher than expected and will put pressure on both people's finances and overall inflation data. The increase of 6.4% means an average annual bill will be £111 higher taking the total annual bill to £1,849. Energy regulator Ofgem said people should consider switching to a fixed tariff. Unilever's boss Hein Schumacher is stepping down after a year an a half in the role, with Fernando Fernandez, the company's CFO set to step in and take over. The FT reported that the board decided to oust Schumacher and replace him with Fernandez. Neil Wilson, analyst at TipRanks, writes: The Dow and S&P 500 barely moved in premarket, while the Nasdaq looked set to open at a small loss. US stocks sold off into the close on Monday as investors weighed the prospects of President Donald Trump's tariff policies and also shifted focus to this week's Nvidia (NVDA) earnings. The Dow Jones Industrial Average (^DJI) was little changed on the heels of its worst week since October. The S&P 500 (^GSPC) fell 0.5%, while the tech-heavy Nasdaq Composite (^IXIC) fell 1.2%. Stocks' comeback attempt fizzled after Friday's steep declines capped a losing week, which was marked by data showing American consumers and businesses are becoming concerned about Trump's tariff plans. During a press conference on Monday, President Donald Trump suggested tariffs on Mexico and Canada would "go forward on time, on schedule," once a month-long delay is over next week. Meanwhile, how Nvidia is navigating the looming threat of those tariffs will be closely watched when the AI chipmaker reports its results on Wednesday — the highlight of the earnings week. Eyes are also on Big Tech's demand for AI and risks from China-based DeepSeek's lower-cost tech. Hello from London. Another day — another live blog. On the slate today: Details on the energy price cap rise in the UK Bank of Australia's interest rate decision Budweiser (BDWBF) and Home Depot (HD) quarterly results Let's get to it. Sign in to access your portfolio
