Hala,
🛸 Mysterious drone sightings across the U.S. spark chatter about the Project Blue Beam conspiracy — Trump says, “Shoot them down!” while the FBI insists it’s just lawful aircraft.(1) Either way, the skies are starting to look like a sci-fi trailer. 👽✨
📉📊 Dow drops for the eighth straight day (-0.34% to 43,681), while the Nasdaq hits a record high (+1.27% to 22,057) thanks to shares rally of Apple, Alphabet and Tesla. Meanwhile, the S&P 500 edges up (+0.30% to 6,068). Tech’s holding strong ahead of the Fed meeting!(2) 🚀📈
📊 Dubai shines brightest, soaring 4.5% to 5,048 — its highest in a decade — while Abu Dhabi adds 0.2% to 9,280. Real estate and finance lead the charge as all eyes turn to the Fed.(3) 🏙️🚀
amana’s Take
- Gold prices are stuck in a holding pattern near $2,650, as traders tread carefully ahead of the Federal Reserve’s next policy move. With U.S. Treasury yields elevated and whispers of a less dovish Fed growing louder, the shine is dimming slightly for the non-yielding metal.
- Still, gold isn’t ready to lose its luster. Geopolitical flare-ups in Ukraine and the Middle East are keeping safe-haven demand alive and kicking, offering a sturdy floor for prices. Add in recent U.S. economic data — showing the services sector in fighting form — and traders have even more reason to second-guess any bullish bets on gold.
- Eyes are now locked on U.S. Retail Sales for a near-term signal, but the real heavyweight is Wednesday’s FOMC meeting. For now, gold sits tight — trapped between rate jitters and global angst, like a shiny rock in a hard place.
🎨💄 Saudi Brand Nice One Sets Final IPO Price!
Saudi Arabia’s cosmetic brand Nice One hit the runway with its final offer price of SAR 35 ($9.31) per share, glamorously topping the range. With institutional book-building numbers smashing records, Nice One isn’t just playing in the beauty game — it’s redefining it. The market cap? A dazzling SAR 4 billion ($1.06 billion), proving once again that beauty is a billion-dollar business.(4) 💰✨
💅📊 Key Highlights & Glossy Gains:
- The Big Reveal: Final IPO price set at SAR 35 ($9.31) per share.
- Market Glow-Up: Institutional orders exceeded SAR 169 billion — 139.4x coverage.
- The Breakdown: 34.65 million shares up for grabs — 29.15M existing + 5.5M fresh.
- Heavyweight Backers: Masarrah Investment, Al Habib & Sons, and Frontier stepping in as cornerstone investors (up to 12%).
- Financial Powerhouses: EFG Hermes KSA and SNB Capital named joint financial advisors and bookrunners.
- Mark Your Calendars: Retail subscription runs December 24–25. Beauty buffs, ready your bids! 🗓📈
🚀✨ A Billion-Dollar Brushstroke?
Founded by dynamic brothers Omar and Abdulrahman AlOlayan, Nice One isn’t just selling cosmetics; it’s painting the Saudi market with a brush of innovation. Institutional investors gobbled up shares like cult-favorite lip kits, and with plans to boost logistics, tech, and capex, Nice One’s future looks as radiant as a golden-hour glow. 💎🎯
Closer to Home
- 📊 Saudi Arabia’s Almoosa Health also set its final IPO price at SAR 127 ($33.8) per share, with institutional demand oversubscribed 103 times — because who doesn’t want a healthy investment?(5) 🩺
- 🚨 ADNOC Gas taps Fatema Al Nuaimi as its new CEO starting January 1 — because running a gas giant isn’t for the faint of heart.(6) #GirlPower 💼
- 📈 US investors predict the GCC will outshine Latin America in MSCI and FTSE indices within a decade — because when it comes to emerging markets, the Gulf is turning heads and wallets.(7)🌍
What Else Is Trending
- 📉 Nvidia tumbles into correction territory, down 11% from its $148.88 high, closing at $132 (-1.68%) — looks like even AI chips need a reboot sometimes.(8) 🤖
- 📈 Broadcom soared 11% to close at $250 as Goldman Sachs raised its price target to $240, saying they have “higher conviction” in its outlook — looks like Broadcom’s AI party isn’t winding down anytime soon.(9) 🎉
- 📈 Bitcoin surged past $107,000, up 5.4%, as Trump doubled down on plans for a U.S. Bitcoin reserve — because who needs oil when you’ve got crypto?(10) 🪙
💬Quote of the Day
“Success is often achieved by those who don’t know that failure is inevitable.” — Coco Chanel
Build your plan: https://amana.app/campaigns/amanainvest
(1) NDTV, (2)(8)(9) CNBC, (3)(10) Reuters, (4)(5)(6)(7) Zawya
