We use cookies to store, access and process personal data to give you the best online experience. By clicking Accept Cookies you consent to storing all cookies and ensure best website performance. You can modify cookie preferences or withdraw consent by clicking Cookie Settings. To find out more about cookies and purposes, read our Privacy Notice.

Cookies settings

Cookie Control

What are cookies?

Cookies are small text files that enable us, and our service provides to uniquely identify your browser or device. Cookies normally work by assigning a unique number to your device and are stored on your browser by the websites that you visit as well as third-party service providers for those website. By the term cookies other technologies as SDKs, pixels and local storage are to be considered.

If Enabled

We may recognize you as a customer which enables customized services, content and advertising, services effectiveness and device recognition for enhanced security
We may improve your experience based on your previous session
We can keep track of your preferences and personalize services
We can improve the performance of Website.

If Disabled

We won't be able to remember your previous sessions, that won't allow us to tailor the website according to your preferences
Some features might not be available and user experience reduced without cookies

Strictly necessary means that essential functions of the Website can not be provided without using them. Because these cookies are essential for the properly working and secure of Website features and services, you cannot opt-out of using these technologies. You can still block them within your browser, but it might cause the disfunction of basic website features.

  • Setting privacy preferences
  • Secure log in
  • Secure connection during the usage of services
  • Filling forms

Analytics and performance tracking technologies to analyze how you use the Website.

  • Most viewed pages
  • Interaction with content
  • Error analysis
  • Testing and Measuring various design effectivity

The Website may use third-party advertising and marketing technologies.

  • Promote our services on other platforms and websites
  • Measure the effectiveness of our campaigns

Tesla Gets Order for 100,000 Vehicles from Hertz

Popular car rental company Hertz announced an order of 100,000 Tesla cars, in efforts towards changing its fleet of cars to electric vehicles just months after escaping bankruptcy. The 100,000 cars ordered are expected to be delivered by the end of 2022, marking the largest order for the electric carmaker, worth around $4.4 billion. The car rental company also announced that it was installing 3,000 supercharging stations throughout the United States and Europe for its customers.


U.S. President Joe Biden will attend a meeting with the Association of Southeast Asian Nations (ASEAN) on Tuesday, leading the American delegation at the ASEAN-USA summit. This presents opportunities for co-operation between the United States and countries in southeast Asia.

The United Kingdom it shall raise its minimum wage for those aged 23 and over to 9.5 pounds ($13.06) per hour from the current 8.91 pounds, to take effect in April 2022, the British finance ministry announced on Monday. Finance minister Rishi Sunak said in a statement that this wage boost ensures that Britain is heading towards its goal of ending low pay.


The U.S. dollar bounces back from one-month lows as traders and investors are highly anticipating tighter U.S. monetary policies despite interest rate hikes expected to begin earlier outside the United States. The dollar index jumped 0.18% to 93.793.


Gold futures prices escalated on Monday, putting the popular precious metal deemed as a safe haven back on track towards the $1,800 per ounce price tag, for the first time in six weeks. Despite the U.S. dollar surging higher, which typically moves inversely to the U.S. dollar, gold edged 0.82% higher to $1,809 an ounce.


Crude oil prices extended previous gains to hit multi-year highs, driven by tightening global supply and surging fuel demand in the United States as economies recover from the coronavirus pandemic downturns. Brent oil futures climbed 1.04% to $85.52 a barrel, and WTI oil futures rocketed 1.34% to $84.91 per barrel.


USA: S&P500 -0.11%, Dow Jones Industrial Average +0.21%, Nasdaq Composite -0.87%

Europe: FTSE 100 +0.20%, DAX +0.46%, CAC 40 +0.71%

Asia: Nikkei 225 +0.34%, Hang Seng +0.42%, CSI 300 +0.64%, Nifty 50 -0.35%


Salesmen Threaten to Disrupt Reliance Supply

A letter seen by Reuters unveiled that salesmen from India have threatened to disrupt & derange supplies to stores which are partnered with the renowned Reliance giant. As per the Reuters report, Indian salesmen from companies such as Reckitt Benckiser, Uniliever and Colgate-Palmolive stated that their sales declined 20-25% in the last year as small, family-owned and independent businesses were increasingly in partnership with Reliance to provide lower prices, dominating the market.

Apple: Demand for iPhone 13 Has Weakened

According to people familiar with the matter, Apple has informed to its suppliers that the demand for the iPhone 13 has slowed down. The company has already cut iPhone 13 production by 10 million units due to global semiconductor chip shortages, as well as coronavirus-related manufacturing issues in Asia. The news of weaker iPhone 13 demand has pushed the Apple stock downwards by 2.92% in early trading sessions.

Risk Warning: Trading in leverage products carries a high level of risk and may not be suitable for all investors. Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. You may not necessarily get back the amount you invested. All opinions, news, analysis, prices or other information contained on this website are provided as general market commentary and does not constitute investment advice, nor a solicitation or recommendation to buy or sell any financial instruments or other financial products or services.

Legal: GULF BROKERS DMCC is a limited liability company incorporated and licensed under the laws of the Dubai Multi Commodities Centre (“DMCC”)to carry out certain categories of financial investment business as permitted under Licence No. DMCC- 30636, broker member of the Dubai Gold & Commodities Exchange (“DGCX”) under Member No 554 and regulated broker by the Securities & Commodities Authority (“SCA”) Licence No. 607110.

GULF BROKERS DMCC does not offer its services to the residents of certain jurisdictions such as: Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Ethiopia, Iran, Bosna and Herzegovina, Iraq, Lao Peoples Democratic Republic, Syria, Uganda, Vanuatu, Yemen and EU residents.

Manage Cookies

© 2017 - 2021 GULF BROKERS