GCC equity markets experienced a March downturn, influenced by seasonal selling pressure during Ramadan, leading to a 3.0% drop in the MSCI GCC index with Qatar suffering the steepest decline at 6.0%.
Dubai plans to attract 50 multi-national companies under a three-year strategy
Dubai plans to attract 50 multinational companies within three years and push the external expansion of 100 companies from Dubai to priority foreign markets within two years, Dubai media office said, citing Dubai International Chamber. The strategy is also aimed at supporting and motivating multinational companies to list on the...
DFM 2021 net profit $28m
Its total revenues reached AED294.6m in 2021, reduces expenses by 4 percent.
Empower lists on DFM
Empower is the world’s largest district cooling services provider.
Saudi markets rocky, Abu Dhabi index loses ground
The Saudi and Abu Dhabi indices saw a choppy week, while the Dubai markets saw some good gains.Dubai Financial Market announces new trading hours from 3 Jan 2022
Dubai Financial Market (DFM) has announced new trading hours from 3 January 2022. The new trading session of five hours will be between 10 AM and 3 PM from Monday to Friday. The new trading window aligns with local and international financial institutions. The new trading hours will contribute to...Tecom to be listed on DFM
It is part of a strategy to help DFM reach the AED3-trillion markGlobal ripples await MidEast markets on Sunday
Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.DFM incentivizes IPOs from companies in key growth sectors
The program encompasses unprecedented incentives including financial support to the cost of private companies’ IPOs on DFM’s Main Market and listing on the Second Market, post listing support through participation on DFM’s international roadshows regionally and globally in addition to a three years’ waiver on listing fees, AGM fees and...Helal Al Marri appointed chairman of Dubai Financial Market
Helal Saeed Al Marri has been named as the new chairman of the Dubai Financial Market by the Committee for the Development of Capital Markets and Exchanges in Dubai. Al Marri has been Director-General of the Dubai Department of Tourism and Commerce Marketing (DTCM) since 2013. Sheikh Maktoum bin Mohammed,...
Dubai Investments net profit $123m
The firm will focus on the real estate market, its CEO said.DFM to list 10 new firms
Dubai aims to increase its market volume to AED3trn.DFM posts net profit of AED 38.1 mn in the first nine months of 2021
The Company’s total revenue reached AED 183.1 million in this timeframe compared to AED 271 million during the corresponding period of the previous year. The revenue is comprised of AED 117.9 million of operating income and AED 65.2 million of investment returns and other income.DFM to unveil new equity futures contracts
In order to diversify investment opportunities, the Dubai Financial Market (DFM) will roll out new equity futures contracts on individual stocks of three listed companies.
Foreign investors help DFM post $10.56m net profit in H1
The net profit of the Dubai Financial Market hit AED 15.3 million in the second quarter of 2021 compared to AED 44.2 million in the corresponding quarter last year.
Non-Arabs invest $87m in UAE markets from Jan-May 2021
Growth indicates a steady capital inflow into the two markets due to the increased investor confidence in UAE capital marketsUpbeat sentiments driving UAE stocks
A total of Dh1.235 bn in deals were conducted in ADX while DFM saw Dh212 million in deals Emaar Properties led the best performing shares at the DFM At Abu Dhabi and Dubai main share indexes remained in the positive territory Tuesday, and climbed 0.53 percent and 0.29 percent respectively,...
Non-oil firms, banks play key role as UAE markets remain mixed
Banks remained in the first three positions on Dubai index in terms of market capitalization
