• World stocks rally but oil prices tumble

    Global main stock markets rallied as investors fished for bargain shares and shrugged off losses elsewhere, but oil prices fell as concerns over the global economy persist. London stocks were lifted by official data showing UK retail sales rose 0.6 percent in October, rebounding from a 1.5-percent slump in September....
  • Stocks rise, oil falls tracking China lockdown policy

    Stock markets mostly rose, extending last week's strong gains, while oil prices fell after China reaffirmed its commitment to its economically painful zero-Covid policy. The Chinese government said it would stick to its current plan, which involves harsh lockdowns and strict quarantine and testing regimens.
  • UAE signs deals worth US$70m to produce medical equipment

    The UAE has signed agreements to the tune of $70.8 million with medical companies to manufacture medical equipment at home.
  • Dubai Customs issues authorization certificates to free zone companies

    Dubai Customs provides the services and facilities to licensed companies in the free zones of the Emirate to boost investments and attract more investors.
  • Equities, oil prices slide on recession fears

    Stock markets and oil prices slumped as investors grow fearful that more big interest rate hikes will tip economies into deep recessions. The mood darkened also on the worsening Ukraine war and weaker demand expectations in China. Analysts said US consumer price index data released later this week will be...
  • Debt financing in climate tech sector set to grow

    In climate-related sectors, debt funding is becoming more prevalent outside of traditional project finance opportunities such as solar parks, wind farms and eco-friendly realty projects. Energy transition opportunities and electric mobility are attracting increasing levels of debt financing, he adds.
  • ADX adds 5 single stock futures

    The move will help develop ADX derivatives market.
  • GCC investors park wealth in real estate: poll

    A TRENDS poll on Twitter revealed that 43.9 percent of voters preferred real estate, followed by technology at 37.4 percent.
  • Defying turmoil, Porsche to go ‘full throttle’ with blockbuster IPO

    Even as stocks worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car is pushing ahead with the blockbuster flotation. The initial public offering (IPO) has generated buzz in Porsche's home market of Germany, where top tabloid Bild described it as "crazy, cool, fast-paced".
  • ADC sets price for IPO

    Its share will be available in the price range of $24-$27.
  • Uncertainty rules even as MENA crypto market grows

    Crypto investors fear a possible global recession, especially amidst weak economic activity data, Wael Makarem, Senior Market Strategist - MENA at Exness, tell TRENDS.
  • Stocks mostly slide; pound hits 37-year dollar low

    Stock markets mostly slumped Friday, while the British pound tanked to a 37-year dollar low as weak UK retail sales stoked global recession fears. Sterling slid to $1.1351, the lowest level since 1985, on news that British retail sales tumbled by far more than forecast in August as shoppers faced...
  • Fossil-fuel subsidies hinder MENA’s energy transition

    Improving social safety net may provide the space needed to end subsidies, while investment in renewable energy can cut costs and protect households from high prices.
  • Al-Ittefaq plans an IPO

    The $2bn worth Saudi steel giant will list on Tadawul.
  • Dubai looks to raise $817m from IPO of Salik Company

    Dubai is looking to raise $817 million in the initial public offering of Salik. It is selling 1.5 billion shares at 2 dirhams ($0.54) apiece, giving the company an implied market capitalization of $4.1 billion. The IPO subscription will run until 20th September 2022 for the UAE retail offering.
  • Riyad Bank to offer sukuk

    The bank offering will be denominated in Saudi riyals.
  • DMCC welcomes 15 companies for training program

    Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority on commodities trade and enterprise, has announced that 15 companies have been selected to participate in the DMCC Impact Scale-Up Program.
  • ADRO, ADGM ink deal to enhance ease of digital visa access

    Abu Dhabi, UAE - Abu Dhabi Residents Office (ADRO) and Abu Dhabi Global Market (ADGM) have signed a deal to ensure a provision for multiple digital services related to visas via ADGM’s web portal ACCESSADGM. This includes support of nominations for Abu Dhabi Golden Visa, and the exploration of new...
  • Women take lead in UAE, invest $9.42bn in 8 months at ADX

    Some $9.42 billion have been invested in the financial markets by Emirati women during the last eight months of the current year, according to figures shared by the Abu Dhabi Securities Exchange (ADX).
  • Asian markets rise with eyes on China, Fed speech

    Central bankers are meeting in Jackson Hole in the US state of Wyoming, and all eyes are on Federal Reserve boss Jerome Powell's Friday speech for clues about plans to tame inflation. Market sentiment was also boosted by the Chinese government's Wednesday announcement of new policies to help sustain the...
  • Foreign investors in Arab exchanges buy $119.6bn in 2021

    The Arab Monetary Fund (AMF) said that the Abu Dhabi Securities Exchange (ADX) was ranked first in the Arab region in 2021, in terms of buy and sell transactions by foreign investors.
  • Oil prices down by 10% as US stockpiles increase

    A rise in US stockpiles was partly responsible for a 10 percent drop in the commodity last week.
  • GCC investors turn to realty to hedge against inflation

    The real estate sector in the Gulf region is set to accelerate in the second half of the year as regulations effectively mitigate the market cycle swings, especially during inflation.
  • French business ties build on Saudi mega projects

    Recent strategic Saudi-French partnership deal becomes crucial as Paris, with its expertise in key sectors, may help the Kingdom in achieving the goals set under Vision 2030.
  • Over 20K investor accounts join DFM in first 7 months of 2022

    Brokerage companies in Dubai Financial Market added 20,552 new investor accounts in the first seven months of 2022. The market witnessed significant momentum since the announcement of the listing of 10 governmental and semi-governmental companies.
  • Asian markets rise as US data boosts hopes of slower Fed hikes

    Asian stocks rose Friday after data showing another contraction in the US economy boosted hopes that the Federal Reserve will slow its pace of interest rate hikes. After an extended period of pessimism on trading floors fuelled by soaring inflation and the central bank's monetary tightening campaign, investors are beginning...
  • Oil wealth stirs up Baghdad-Kurd enmity amid deadlock

    Iraq's oil wealth is rekindling tensions between federal authorities and the autonomous Kurdish region, in a row that could compromise the lifeline industry and keep investors away, analysts say.
  • Euro strikes parity with Dollar for first time in nearly 20 years

    The euro struck parity with the dollar Tuesday for the first time in nearly 20 years as a cut in Russian gas supplies to Europe heightened fears of a recession in the eurozone. The European single currency hit exactly one dollar -- its lowest level since December 2002 -- before...
  • European stocks surge Monday after nosediving last week

    Europe's stocks recovered somewhat Monday as investors tentatively regained some optimism following the heavy losses in the financial markets last week on fears that rising interest rates could spark recession. London stocks won 1.1 percent at midday, while Frankfurt and Paris gained 0.5 percent and 1.0 percent respectively in afternoon...
  • Tokyo equities climb up on back of Wall Street gains

    Tokyo stocks opened higher on Monday as investors took heart from gains on Wall Street while staying cautious over the economic impacts of inflation. The dollar fetched 135.02 yen in early Asian trade, against 135.28 yen in New York late Friday.
  • SVC to invest in Venture Debt Fund

    The fund will offer venture debt tools to startups and SMEs.
  • QFB funding Qatari consortium to buy 11% stake in Ennismore Group

    QFB will finance the purchasing consortiums investment vehicle by providing 20 million Euro.
  • Bear market triggered by panic-selling presents investment opportunities

    Fortunes will be made in this current bear market as in-the-know investors use the 20 percent drop as a major buying opportunity, says Nigel Green, CEO and founder of deVere Group, an independent financial advisory, asset management and fintech organization. Green’s observation comes as the S&P 500, Wall Street’s main...
  • Stock markets slow as investors weigh recession prospects

    The OECD on Wednesday warned that the world economy would pay a "hefty price" for Russia's invasion of Ukraine as it slashed its 2022 world growth forecast and said inflation to keep rising.
  • ADX and nine listed companies to attend investors meet in London

    Abu Dhabi Securities Exchange (ADX) and nine ADX-listed companies will meet major institutional investors in London on June 9 and 10. The delegation includes over 25 CEOs, CFOs and senior executives from ADNOC Distribution, ADNOC Drilling, Abu Dhabi Islamic Bank, Agthia, Aldar Properties, Al Yah Satellite Communications Company (Yahsat), Emirates...
  • ADX lists GFH Financial Group

    The listing is set to expand GFH’s investor base and boost its share liquidity.
  • Equities make broad rally as China relaxes Covid curbs

    Markets rose Monday as investors rediscovered some verve after the release of healthy US data and as China eases some of its strict Covid curbs in Shanghai and Beijing, lifting hopes for the world's number two economy. The US reading lent hope that the worst of the inflation surge may...
  • Blue-chip shares surge as Wall Street stocks bounces back

    Investors remain cautious as to whether China will ease its zero-Covid policy, which has added to the disruption of the world's supply chains.
  • Facebook loses shine, decade after its stock debut

    The likes of TikTok, LinkedIn, Pinterest, Twitter and even Apple now vie with Meta for people's online attention as Facebook social network is increasingly seen as a place for older people.
  • Creative sector woos global investors to Gulf region

    The regional economies in the creative sector are growing at a faster rate than inflation, says Michael Garin, General Director of Abu Dhabi Creative Authority.
  • Bitcoin falls below $30,000, lowest since July 2021

    Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors spooked by aggressive US monetary tightening and surging inflation.The world's largest cryptocurrency by market value fell as low as $29,764 in Tuesday trade, before recovering above $30,000.
  • Global stocks sink on rising rates and China lockdown

    World stock markets mostly sank Monday on stubborn fears over the impact of rising US interest rates, surging inflation and China's Covid lockdowns. Stock markets had dived last week after the Federal Reserve ramped up interest rates by a half-percentage point and flagged more hikes to tackle decades-high inflation.
  • Strong Meta profit calms investors

    Investors had been worried that as the pandemic eased and people socialized more in real life that they would engage less on Facebook.
  • Jordan Interior Ministry introduces 5-year entry visa

    The decision also grants visa holders a temporary three-month stay that is obtained directly at border posts on each trip.
  • Abu Dhabi Chamber and San Marino to boost trade cooperation

    Abu Dhabi and San Marino will explore new avenues of economic cooperation and boosting trade. Saeed Ghumran Al Remeithi, Deputy Treasurer of the Abu Dhabi Chamber’s Board of Directors, met with Fabio Righi, San Marino’s Minister of Industry. The meeting between the two was held at Chamber’s tower in Abu...
  • Evergrande to sell stake

    The developer would sell the Crystal City Project in Hangzhou for 3.66 bn yuan.
  • German businesses urged to explore investment opportunities in Sharjah

    The Sharjah Chamber of Commerce and Industry (SCCI) has called on German businessmen and investors to explore investment opportunities within the emirate’s business community, in order to access new avenues of partnership and develop economic and trade relations between Sharjah and Germany. The call for investment was made at a...
  • Dubai Municipality to tap into Metaverse gains in pursuit of futuristic goals

    Dubai Municipality will work with private sector companies and investors to create a futuristic, human-centered version of the city that capitalizes on opportunities thrown up by the metaverse, according to Dawood Abdul Rahman Al Hajri, Director-General of Dubai Municipality. Dawood Abdul Rahman Al Hajri, Director-General of Dubai Municipality, said this....
  • DFM, DME to jointly explore financial products opportunities

    The Dubai Financial Market (DFM) and Dubai Mercantile Exchange (DME) will jointly explore financial products opportunities following the signing of an agreement, which will cater to DFM’s large and diversified investor base of over 852,000 investors. As the first initiative under this agreement, the two exchanges are planning to create...
  • Oil prices, stocks higher after EU snubs Russia ban

    European stocks, which had been firmly higher earlier in the session, ended the day with only modest gains
  • Toshiba holds spin-off plan vote

    The plan has faced opposition from key investors.