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Moafaq Al Gaddah - MAG Group Holding

MAG Group Holding Records Over AED 12.6 Billion Sales in 2023

MAG Group Holding, the multinational conglomerate incorporating different companies across diverse sectors, announced the recording of AED 12.6 billion in sales for 2023 across...

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...

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...

Emaar’s Profit Increased by 70%; Property Sales Jump 15% to US$...

Emaar's property sales backlog reached AED 71.8 billion(US$ 19.5 billion), to be recognised as revenue in the coming years. Emaar's EBITDA increased by 63% to...

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...
Emirates NBD has launched a digital wealth platform that allows customers to trade securities and ETFs.

Emirates NBD Launches New Digital Wealth Offering

Digital wealth offering enables customers to trade more than 11,000 global and regional equities and ETFs across 21 capital markets Customers can digitally open an...

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,...
Union Coop Hypermarket Entrance

Union Coop To List Shares on DFM

The Union Coop today announced its intention to list its shares on the Dubai Financial Market (DFM) on Monday, 18th of July 2022, as...

Inflation, Growth Concerns Take Over GCC Stock Markets

Today's market analysis on behalf of Daniel Takieddine, CEO of MENA BDSwiss. GCC stock markets were mostly decreasing following other international markets as investors’ concerns...
Investors Should ‘Buckle-up’ for Jittery Markets in September: deVere CEO

Investors Should ‘Buckle-up’ for Jittery Markets in September

Financial markets are going to get jittery in September amid concerns over the Delta variant, China’s regulatory attacks and shifting monetary policies, warns the...

Union Properties PJSC Profits Rose 483% in Q2 of 2021, Compared...

Total assets reached AED 6 Billion Continuous positive performance for a 2nd Quarter in a row Resolving the qualification of the external auditor Union Properties...

Global Sell-off Should be a Reality Check for Investors

Concerns about inflation that are rattling global stock markets should be used as a reality check for investors, says the CEO of one of...

Stock Markets Ignore Trump’s Second Impeachment

Stock markets are “shrugging-off” the second impeachment of Donald Trump, with the investor focus instead on the stimulus package. The comments from Nigel Green, chief...

New Decree on Listing of Joint Stock Companies Encourages New IPO...

In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued...

Stock Market Bubble Fears Overblown, Micro-bubbles Are The Issue

Concerns over a large stock market bubble are currently overblown – it’s the micro-bubbles that could pose more imminent risks to investors, warns the...

Development in Global Markets to Weigh on Regional Equities

Global equity markets were broadly positive during the week, but the news flow was mixed with encouraging vaccines developments compared to renewed restrictions to...

DFM Plans to Launch Equity Derivatives Platform

Dubai Financial Market, DFM, today announced that it has reached the final stages of preparations to launch an equity derivatives platform (DFM Derivatives Platform),...

Signs of Long-term Recovery in Global Economies to Push Equity Markets...

Global equities recorded the worst weekly performance since March as selling pressure was triggered by cautious tone of the US Fed and news of...