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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

New investors throng Dubai Financial Market to open accounts

A trader checks his smart phone at the Dubai Financial Market. (AFP)
  • The expansion in the growth resulted from the listing of the government and semi-government companies and also rising popularity of online trading
  • The brokerage firms numbering 29 on the bourse executed over 3.83 million transactions in 2023, a 32.7% increase compared to 2022's 2.88 million

Dubai, UAE–Brokerage firms at the Dubai Financial Market (DFM) opened 57,054 new investor accounts in 2023, marking a significant increase of 12.5% over the previous year, according to data released by the DFM.

The growth was driven by a number of factors, including the strong momentum in the market since the announcement of the listing of government and semi-government companies, as well as the increasing popularity of online trading.

The new accounts were distributed over the months of the year, with a notable YoY spike of 184 % in December, when 6,088 new accounts were opened. This was due in part to the strong demand from investors for the initial public offering (IPO) of the Dubai Taxi Corporation.

Surging new investor accounts bolster Dubai’s Financial Market, injecting potential for greater liquidity and trading activity.

In the meantime, the 29 brokerage firms operating in the Dubai Financial Market executed over 3.83 million transactions in 2023, a 32.7% increase compared to 2022’s 2.88 million.