Latest News for: Dubai stock


Dubai engineering firm Drake & Scull seeks 90% write-off on debt in restructuring plan

Gulf News 27 Sep 2022
Dubai ...Once the procedures of the court (is) completed, the rest of the procedures agreed upon in the plan will be initiated, including raising the company’s capital and submitting a request to return the company’s stocks to trade in the Dubai Financial Market,” Drake & Scull said in a statement.

Dubai utility charges remain unchanged since introduction of tariff, says Dewa chief

Khaleejtimes 27 Sep 2022
The Dubai Electricity and Water Authority (Dewa) has not increased utility bills since the introduction of the tariff, and there is no plan to reduce utility charges, said a senior official on Tuesday ... New Dubai rule for tenants. What we know so far about registration of co-occupants Dewa stocks.

Abu Dhabi leads Gulf declines on recession fears

Reuters 26 Sep 2022
Sept 26 (Reuters) - Abu Dhabi's stock market fell in early trade on Monday, leading declines in the Gulf on investor concern about the prospect of a global recession ... Register ... Dubai's main share index (.DFMGI) dropped 1.5%, with most stocks in negative territory, including blue-chip property developer Emaar Properties (EMAR.DU) ... read more.

Dubai’s new decree on real estate funds stretches investment possibilities

Gulf News 24 Sep 2022
By comparison, only two REITs are listed on Nasdaq Dubai ... REITs outperformed international stock and bonds over a decade (13 per cent vs 8.1 per cent between June 2009 to December 2021) ... The recent media coverage surrounding Dubai’s new decree law on real estate funds is well warranted ... We delve deeper into the decree law (Dubai Decree No.

Dubai’s warehousing costs increase by 7.7 per cent

Gulf Daily News 24 Sep 2022
Warehousing costs in Dubai rose by 7.7 per cent in the 12 months to June 2022, making it one of the most premium warehousing markets in the ... Strong demand and lack of Grade A stock in Dubai has led to warehouse occupancy costs rising to $19 per sq ft, putting it in fourth position.

Dubai’s warehousing costs among highest in world; up 7.7%

Gulf Daily News 23 Sep 2022
Warehousing costs in Dubai rose by 7.7% in the 12 months to June 2022, making it one of the most premium warehousing markets in the world, according to Savills, a leading global real estate services provider ... Strong demand and lack of Grade A stock in Dubai has led to warehouse occupancy costs rising to $19 per sq ft, putting it in fourth position.

Salik IPO: Dubai toll operator raises over $1bn from oversubscribed DFM listing

The National 22 Sep 2022
The Dubai government retains 75.1 per cent of Salik’s existing share capital and the company's shares will begin trading on the Dubai stock exchange on September 29 under the symbol “SALIK” ... Salik's offering is part of Dubai's plans to list 10 state-owned companies to increase the size of its financial market to about Dh3 trillion.

UAE In-Focus — Salik raises over $1bn in oversubscribed IPO

Arab News 22 Sep 2022
DUBAI. Toll operator Salik raised 3.73 billion dirhams ($1.017 billion) in an initial public offering on the Dubai Financial Market, according to a statement ... The Dubai government retains 75.1 percent of Salik’s existing share capital, which will be listed on the Dubai stock exchange on Sept ... Rothschild moves Hong Kong banker to Dubai amid IPO boom.

Dubai’s property market urgently needs those new offplan projects

Gulf News 21 Sep 2022
The availability of stock is one of the big question marks in Dubai’s present real estate scenario ... Dubai used to be seen as a temporary destination, a city where you would live for about 5 years to make some good money and then move on ... That has slowly been changing, and Dubai is ...

Here’s what you need to know before Tadawul trading on Wednesday

Arab News 21 Sep 2022
Saudi stocks returned to positive territory after slipping steeply at the beginning of the week, however, major central ... In the same direction, the UAE’s stocks also ended Tuesday higher, with Dubai’s main share index up 0.7 percent and Abu Dhabi's index up 0.4 percent ... Stock news.

IPOs dwindle in U.S., boom in Asia

ECNS 20 Sep 2022
stock market ... stock market in the first half of 2021, the number shrank to just four during the same period this year ... Stock exchanges in South Korea, Hong Kong and Dubai will trail Shanghai and Shenzhen, while Nasdaq will rank eighth and the New York Stock Exchange will be relegated to 12th place, according to Deloitte.

HYCM to Discuss Investing in a High Inflation Era at Dubai Seminar

Finance Magnates 20 Sep 2022
<p class="MsoNormal">HYCM, an established global Forex broker, will run an exclusive trading seminar Investing in FX, Stocks & Gold in a High Inflation Era on the 29th of September at the Shangri-La Hotel in Dubai.</p><p class="MsoNormal">The HYCM seminar will ...

Is gold losing its shine as a safe-haven asset?

The National 20 Sep 2022
Gold is also less attractive than shares as they continue to pay dividends even when stock markets fall ... “Just bear in mind that there are no guarantees that gold will rise when stocks or bonds fall, just as we have seen this year.”. ____________Watch — Dubai's Gold Souq reopens ... Shoppers in Dubai Gold Souq — in pictures ....

Dubai’s future is in the hands of two very different princes

The Times of India 19 Sep 2022
DUBAI ... As their 73-year-old father, the ruler of Dubai, hands them more responsibility, , 39, and brother , 38, have each carved out a niche ... He’s also chairman of the emirate’s sovereign wealth fund, the Investment Corporation of Dubai ... For years they had called for the listing of state-run companies to boost Dubai’s stock market.

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