Regional Markets Remain under Pressure due to Weak Oil Prices
Global equity markets performed positively during the week on the back of encouraging economic data and measures such as slashing tariffs on USD 75...
Aldar Reports AED4.4 Billion in 2023 in Net Profit Up 40%...
Aldar announced today that record development sales and expanded investment portfolio drive the company's 2023 net profit up 40% to AED4.4 billion, compared to...
RAK Properties Takes Off Amid Stellar Financial Performance
Revenue for FY2023 soars to AED 1004.89 million, signalling a meteoric rise from the previous year's AED 408.22 million.
Property sales in 2023 reached AED...
Ethereum as Crypto Growth Driver
Market picture
The crypto market settles at a $2 trillion cap level, up 0.8% on the day. Altcoins are once again driving growth, while the...
DFM Company net profit surges 140% during the first half of...
Dubai Financial Market Company (PJSC) announced its financial results for the first half of the year ending June 30th 2012, recording a net profit...
Trading activity to be driven by movement in global markets, oil...
The global markets witnessed mixed sentiments during the week on the back of concerns over global growth and disappointing earnings season. Further, ongoing trade...
Moody’s Analytics launched its office at DIFC
Launch of DIFC (UAE) office reinforces commitment to Middle East
Moody's Analytics, a leading provider of risk management solutions to the banking and capital markets,...
BofA Merrill Lynch Fund Manager Survey finds sentiment moving against...
Investors expressing preference for corporate over sovereign risk
Investors have recovered their bullishness towards equity markets but are shifting their focus away...
Dubai shares slump to 7-year low
Dubai’s benchmark index fell to the lowest in almost seven years, as concern political unrest may spread to Saudi Arabia, the Arab world’s largest...
Investors Eye Opportunities As Central Banks Discuss Coronavirus Action
Global investors are taking advantage of buying opportunities ahead of policymakers looking to take more coordinated action on propping up economies due to the...
Emaar Net Profit Up 15% in H1, 2023
Emaar's property sales backlog reaches AED 62.8 billion (US$ 17.1 billion), set to boost future revenue.
Recurring revenue records growth of 11% in H1 2023,...
Saudi Tadawul Group Acquires a Strategic Stake in Dubai Mercantile Exchange...
Saudi Tadawul Group will acquire a 32.6% stake in DME Holdings Limited, the parent company of Dubai Mercantile Exchange (DME), through the acquisition of...
New Arbitration Law of DIFC
HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has enacted the new Arbitration...
How Will a State-issued Cryptocurrency Affect Market?
The history of the cryptocurrency is a short, but eventful, one. It was in 2009 that Bitcoin first appeared on the scene, the brainchild...
Gallo Says European Bank Woes May Be `Lehman Times Ten’
Stephen Gallo, head of market analysis at Schneider Foreign Exchange, talks with Bloomberg's Andrea Catherwood about the risk of weaknesses in the Spanish banking...
GCC Bond Market to Continue Gaining Momentum Despite Lower Performance
GCC bond market expected to witness continued increase in the volume of issuances.
· Increased demand from international investors due to relative stability and appealing...
Foreign investors purchase Dh 1.053 billion worth of shares on DFM...
Dubai Financial Market (DFM) announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (09 November...
“In Dubai we are not good in publicizing what we are...
Reuters reports that Dubai's finance chief said on Thursday the global market reaction to Dubai's shock debt restructuring was now softening and that the...