Latest News for: Dubai stock

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Arab stock markets post weekly gains, bucking oil trend

The Eastern Herald 10 Jun 2023
... and 638.6 billion dirhams for shares listed on the Dubai Financial Market ... During the week, the Dubai stock market index rose 2.6%, surpassing the 3,700 mark for the first time since the beginning of May 2022, unlike the Abu Dhabi market losing 0.4% at the level of 9,369 points.
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Omniyat Properties has more luxury projects to add on Palm Jumeirah - even as Palm Jebel Ali rises

Gulf News 07 Jun 2023
Dubai. Developers keep getting drawn to the Palm Jumeirah – even when more plots for sale on the first Dubai destination-island are running scarce ... But can Dubai property cope with multiple luxury launches? Developers say most of the available stock is sold and few ready homes come up for lixting - private, of course - in the normal course.
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Cop28 President-designate meets EU leaders for climate summit talks

The National 07 Jun 2023
The EU Commission President welcomed the opportunity to take stock of progress towards meeting the goal of limiting warming to 1.5°C above pre-industrial levels ... This would maintain the promises made at Cop26 in Glasgow and Cop27 in Sharm El Sheikh ... “In Dubai we will take stock of progress on the Paris Agreement goal to limit global warming to 1.5°C.
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Most Gulf markets rise on Fed rate pause hopes; oil limits gains

Reuters 06 Jun 2023
June 6 (Reuters) - Most stock markets in the Gulf ... The Dubai stock market saw gains this week but could be exposed to price corrections after its surge since the beginning of the month if traders move to secure their gains, said Ahmed Negm, Head of Market Research MENA at XS.com.
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GCC economic growth placed at 2.5pc in 2023 and 3.2pc in 2024

Gulf Daily News 05 Jun 2023
All equity indices, except Dubai and Bahrain, were negative for the month.  ... The listing, scheduled for the second half of 2023, is expected to attract foreign investors to the Bahraini stock market.  ... Dubai market mildly gained 0.9% for the month, majorly driven by blue-chip stocks.
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UAE Defends Big Oil's Role at UN Climate Summit It Will Host

Beijing News 04 Jun 2023
12 meeting in Dubai, known as COP28 ... Al-Suwaidi said agreeing to a global goal for ramping up renewable energy in Dubai ... Global stock-taking. The talks in Dubai will also see countries conduct the first 'global stock take' of efforts to tackle climate change since Paris in 2015.
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UAE stocks add $27 billion to market cap in 5 months

The Eastern Herald 03 Jun 2023
Local stocks attracted liquidity that exceeded 188 billion dirhams in the first five months of this year, distributed by 152.6 billion dirhams on the Abu Dhabi Stock Exchange and 35.4 billion dirhams on the financial market of Dubai, while approximately 41.5 billion shares were ...
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EFG Hermes concludes advisory on $769 million IPO of ADNOC Logistics & Services

Gulf News 02 Jun 2023
EFG Hermes was successful in advising on three of the GCC’s most prominent listings this year, having advised on ADNOC Gas Plc’s IPO on the ADX, Abraj Energy Services’ IPO on the Muscat Stock Exchange (MSX), and Al Ansari Financial Services PJSC’s IPO on the Dubai Financial ...
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Aid agencies in Sudan grapple with looting, bureaucracy to deliver relief

Yahoo Daily News 02 Jun 2023
*. About half Sudan's population needs help, says U.N. *. U.N. says aid trucks stolen, warehouses ransacked. *. Aid workers struggle to secure visas, travel permits ... The U.N ... (Additional reporting by Ibrahim Mohamed Ishak in Port Sudan and Khalid Abdelaziz in Dubai; Editing by Edmund Blair) ... US STOCKS-Wall St rises after jobs data; debt default averted.
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EFG Hermes completed a $769m IPO of Adnoc L&S on the ADX

Gulf Daily News 01 Jun 2023
He added, “EFG Hermes was successful in advising on three of the GCC’s most prominent listings this year, having advised on Adnoc Gas Plc’s IPO on the ADX, Abraj Energy Services’ IPO on the Muscat Stock Exchange (MSX), and Al Ansari Financial Services ...
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UAE Corporate Tax: What businesses can expect as 9% regime becomes official on June 1

Gulf News 31 May 2023
Dubai ... At all points, what the UAE has made it clear is that this is not a tax on personal income, while investments in real estate, stocks and on dividends too are exempt ... UAE corporate tax registration ticks along, Dubai’s Net Zero plan, and Everton needs reinforcement, Gulf News Editors comment on the top stories on May 29 UAE Corporate Tax.
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Most UAE residents prefer buying groceries, clothes at physical stores, not online: Survey

Khaleejtimes 30 May 2023
In terms of mode of payment, card remains the most popular choice for in-store purchases followed by cash, QR code, direct debit, and digital wallet ... Shoppers not happy with loyalty programmes ... ALSO READ ... Dubai's 3-day Super Sale. Residents enjoy up to 90% discounts, stock up for summer and Eid Al Adha 30-50% off on shoes, clothes in Dubai.
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News Nuggets | 29 May: Scope Markets' New Hire; More Features on CQG

Finance Magnates 29 May 2023
Scope Markets Names New Global Sales Director. Rostro-owned Scope Markets has strengthened its team with the latest hiring of David Andres Restrepo as the Global Sales Director. He is based in London ... Oman's Sharakah, a government-backed joint stock company, announced its investment into Beehive, a Dubai-headquartered peer-to-peer lending platform.
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Dubai’s 3-Day Super Sale ends today: Last chance to get up to 90% discounts; 5 tips to bag the best deals

Khaleejtimes 28 May 2023
A KT reporter saved more than Dh1,000 as he stocked up on footwear, clothes and more. Organised by the Dubai Festivals and Retail Establishment (DFRE), international and local brands taking part in 3DSS include ... 8 mega sales UAE residents can look forward to this year Dubai’s 3-Day Super Sale.
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UN meet in UAE seen driving global climate action

Gulf News 26 May 2023
Global COP28 meeting will be held in Dubai, from November 30 to December 12, 2023. It will conclude the global stock-take to assess countries’ collective progress towards achieving the Paris Agreement’s goal of limiting global temperature rises to 1.5 degrees Celsius above pre-industrial levels by 2050 ... COP28 meeting in Dubai, UAE.

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