Latest News for: Dubai stock

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UAE’s real estate sector to remain resilient in 2023, says report

Gulf Daily News 28 Jan 2023
In addition, the delivery of 38,000 residential units last year pushed Dubai’s total ... Overall, in 2022, the stock of office space in Dubai rose by 30,000 sq ... The delivery of around 200,000 sq m of retail floorspace last year raised Dubai’s total stock to 4.63 million sq.
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Rebounding tourism underpins UAE hotel sector growth

Gulf Daily News 28 Jan 2023
With the completion of around 6,800 keys in 2022, Dubai’s hotel stock rose to 148,000 with most deliveries comprising 4 & 5-star properties and the addition of 600 keys raised the total supply of hotel & hotel apartment keys to over 32,000 keys in the capital. .
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Real estate transactions in Dubai continued to grow robustly in 2022

Khaleejtimes 27 Jan 2023
With the completion of around 6,800 keys in 2022, Dubai’s hotel stock rose to 148,000 with most deliveries comprising 4 & 5-star properties and the addition of 600 keys raised the total supply of hotel & hotel apartment keys to over 32,000 keys in the capital.
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Mbank UAE app: The first mobile application to generate National Investment Numbers for ADX and DFM IPO subscriptions

Gulf News 27 Jan 2023
In close collaboration with both Abu Dhabi Securities Exchange and Dubai Financial Market, this will facilitate the IPO subscription process in both stock markets by offering this one-of-a-kind service in the UAE whereby investors can generate NINs for both just by downloading ...
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More events target clients on 3rd day of 6th Dubai Customs Week

Urdu Point 26 Jan 2023
For the third day in a row, the activities of the 6th Dubai Customs Week 2023 are continuing, under the slogan "Customs Innovations for Future Generations" ... At the end of the lecture, Yousef Al-Hashimi, (Acting) Executive Director, Customer Management Division presented Nadia with a commemorative shield from Dubai Customs.
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Abu Dhabi leads fall in Gulf markets, Saudi stocks rise

Reuters 26 Jan 2023
Jan 26 (Reuters) - Abu Dhbai stock market slid on Thursday on weak earnings from heavyweight companies, while the Saudi Arabian shares ended higher amid firm oil prices ... Dubai's benchmark index (.DFMGI) rose marginally. Most real estate stocks in the index dropped, with ...
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Most major Gulf bourses fall, Emirates NBD lifts Dubai

Reuters 26 Jan 2023
Jan 26 (Reuters) - Most stock markets in the Gulf were slightly lower on Thursday, mirroring volatility in crude prices, while Dubai bucked the trend as its largest lender reported strong earnings ... Saudi Arabia's benchmark stock index (.TASI) dropped 0.2%, on course to snap a ...
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New UAE Commercial Agency Law creates more balanced relations between international business and local agent

Gulf News 26 Jan 2023
Dubai ... When it comes to the Commercial Agency Law, “The UAE Ministry of Economy has tried to resolve all grey matters in case on an uneasy relationship between principal and their UAE agent,” said a lawyer at one of the leading firms in Dubai ... firm of Afridi & Angell in Dubai.
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Dubai Customs continues its activities in 6th Customs Week

Urdu Point 25 Jan 2023
DUBAI, (UrduPoint / Pakistan Point News / WAM - 25th Jan, 2023) For the third day in a row, the activities of the 6th Dubai Customs Week 2023 are continuing, under the slogan "Customs Innovations for Future Generations" ... Nadia with a commemorative shield from Dubai Customs.
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UAE In-Focus: UAE has 11 IPOs worth $2.2bn in the pipeline, says top official

Arab News 25 Jan 2023
The UAE’s IPO pipeline was very strong last year with a number of public and private sector entities listing on the Dubai and Abu Dhabi stock exchanges. Dubai entities that went for IPO last year included Dubai Electricity and Water Authority, which raised 22.3 billion dirhams, the UAE’s and Europe, Middle East and Africa’s largest-ever IPO.
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Dubai hopes to seize private sector listings, boost access to stock exchange

Reuters 24 Jan 2023
DUBAI, Jan 24 (Reuters) - Dubai's stock exchange is working on expanding private sector listings and plans to boost access for both institutional and retail investors, its chief executive said on Tuesday ... Dubai's government has pledged to list 10 state-linked firms to boost stock market activity.
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UAE: 11 new IPOs with a total value of Dh8 billion in the pipeline

Khaleejtimes 24 Jan 2023
The UAE’s IPO pipeline was very strong last year with a number of public and private sector entities listing on the Dubai and Abu Dhabi stock exchanges. Dubai ... Dubai entities that went for IPO last year included Dubai Electricity and Water Authority (Dewa), Tecom and Salik.
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Major Gulf markets rise as easing recession fears lift risk-on mood

Reuters 24 Jan 2023
Jan 24 (Reuters) - Major stock markets in the Gulf opened higher on ... Dubai's main share index (.DFMGI) gained 0.3%, strengthened by banking stocks as Islamic lender Dubai Islamic Bank (DISB.DU) rose 1.4%, while real estate heavyweight Emaar properties (EMAR.DU) added 0.5%.
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Gulf markets rise on China demand optimism

Reuters 24 Jan 2023
Dubai's benchmark index (.DFMGI) bounced back from two sessions of losses, rising 0.4%. The index was lifted by gains in financial and real estate stocks, with Dubai Islamic Bank (DISB.DU) up 2.2% and Mashreqbank climbing 3.1%, while real estate heavyweight Emaar properties (EMAR.DU) added 0.3%.

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