Realty and banking blue chips accounted for the lion’s share of transactions that amounted to more than 14,700 worth around Dh1.67 billion over 353.7 million shares.
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UAE stocks gain Dh8.3b, driven by realty, banking, telecom
The UAE financial markets on Friday posted gains of Dh8.3 billion, driven by gains in the realty, banking and telecom sectors and cash inflows by both institutions and individuals. Realty and banking …
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UAE Likely To Support OPEC Oil Production Cuts
The top Saudi oilman said that OPEC+ was ready to cut production at any time in any form if it believes it would bring stability to the “schizophrenic” oil market. “Markets can’t reflect the realities …
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GBE Brokers secures lucrative presence with new Dubai office
Cyprus-based and BaFin regulated platform GBE Brokers has opened a new office in Dubai as it seeks to focus on providing customizable liquidity solutions to the region’s diverse clientele.
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New UAE employee insurance 2022: When do employers need to put in a bank guarantee?
MOHRE may deduct any amounts from a bank guarantee in the following instances: a) Expenses for repatriation of an employee to his or her place of origin or any other place agreed …
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Abu Dhabi bourse tracks oil prices higher; Dubai flat
Abu Dhabi’s stock market ended higher on Friday amid rising oil prices, although the Dubai index snapped two sessions of gains to finish flat.
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Mideast Stocks: Abu Dhabi bourse tracks oil prices higher; Dubai flat
Abu Dhabi’s stock market ended higher on Friday amid rising oil prices, although the Dubai index snapped two sessions of gains to finish flat. In Abu Dhabi, equities gained 0.6%, led by a 1.4% rise in …
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Abu Dhabi Commercial Bank hires banks for debut green bonds sale, says report
Abu Dhabi Commercial Bank, BofA Securities, JPMorgan, Mizuho and SMBC Nikko join them as joint lead managers and book runners. The banks will arrange a series of investor meetings starting on Monday.
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With $10 Million Funding, UAE-based ‘Buy Now, Pay Later’ Credit Provider Cashew Eyes Gulf, Egypt Markets
A lot of the market value of BNPL companies is based on a belief that they can predict consumer patterns more accurately than banks,’ fintech pioneer says American and European consumers have long …
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Three Arrows’ Zhu Is Worried About Jail Time in Liquidator Fight
The fight between the founders of defunct crypto hedge fund Three Arrows Capital and the court-appointed liquidators charged with unwinding their assets has reached Thailand. Su Zhu, who along with …
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UAE stocks gain on corporate earnings
UAE stock markets closed higher Thursday, driven by the realty and banking blue chips amid increased transactions that amounted to more than 18,000 worth around AED1.87 bn over 392 million shares.
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UAE’s Burjeel Holdings to invest up to $1bln in Saudi expansion
UAE-based Burjeel Holdings said on Wednesday that it will expand into Saudi Arabia. The announcement comes ahead of the company’s planned IPO in Abu Dhabi this year, in which Burjeel is reportedly …
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UAE stocks gain on healthy corporate earnings
Emaar and Dubai Islamic Bank among those driving up the Dubai Financial Market Abu Dhabi: UAE stock markets closed higher Thursday, driven by real estate and banking blue chips amid increased …
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UAE stocks gain on corporate gains
UAE stock markets closed higher Thursday, driven by the realty and banking blue chips amid increased transactions that amounted to more than 18,000 worth around AED1.87 bn over 392 million shares.
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UAE: Priority remains to detect, investigate and understand money laundering and terrorist financing, top official says
Our priority remains to build long-term, sustainable capabilities and to accelerate the development of the UAE’s ability to detect, investigate and understand money laundering and terrorist financing …
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UAE confiscated over Dhs2.35 billion in illicit assets last year
The Executive Office of Anti-Money Laundering and Counter Terrorism Financing met on Thursday to conclude a review on progress in the first half of 2022.
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Assets of UAE-listed national firms surge 10% in H1
The assets of national companies listed in local financial markets rose by 10% in the first half of 2022, equivalent to AED425.7 billion ( ), an indicator of their robust financial performance and …
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