2023-10-23 21:16:22 Hossam Abdelnaby (Abu Dhabi) Local stock market indices reduced the pace of their declines in recent days, starting this week’s trading with good increases at the beginning of trading before closing with acceptable declines of 0.33% for the Abu Dhabi Securities Market index, and a decline of 0.57% for the Dubai Financial Market … Read more
2023-09-25 21:02:10 Hossam Abdelnaby (Abu Dhabi) Foreign investors continued their purchases in the local stock markets, bringing their net transactions in yesterday’s trading session to 41.32 million dirhams as a result of purchases, including net purchases in the Dubai Financial Market of about 39.35 million dirhams and 1.97 million dirhams net purchases in the Abu … Read more
2023-06-16 07:37:18 Amanat Holding has chosen EFG Hermes and First Abu Dhabi Bank to manage the initial public offering of its healthcare platform on the Abu Dhabi market, according to people familiar with the matter. The launch of the platform could raise about $200 million and could happen as soon as this year, according to … Read more
In March 2023, the UAE market indices were impacted by the decline of the banking sector stocks, similar to global markets affected by the collapse of “Silicon Valley Bank”. This caused confusion among investors, resulting in the Abu Dhabi market index falling 4.2% to 9430.25 points monthly. Likewise, the Dubai Financial Market index fell 0.9% … Read more
Dubai’s initial public offerings, which include the Dubai Electricity and Water Authority (DEWA), “TECOM” and “SALIC”, have attracted record subscription requests from local and international investors, with a total value of 534.6 billion dirhams, equivalent to 146 billion dollars; This is according to the “Gulf” survey. The value of the subscription applications received, which exceeded … Read more
Dubai (Etihad) Salik, the exclusive operator of the traffic toll gate in Dubai, announced yesterday the successful completion of the drafting of the subscription order book and the IPO process for its initial public offering on the Dubai Financial Market. The company confirmed that the size of the offering after the increase amounted to 1,867,500,000 … Read more
Abu Dhabi: Muhannad Dagher The shares of 3 companies attracted strong liquidity in the Abu Dhabi market, on Monday, with a value of 1.24 billion dirhams, accounting for 47% of the market’s liquidity, and 42% of the total trading in Abu Dhabi and Dubai financials. The share of «TAQA» attracted the highest trading value of … Read more
Yousef Al Arabi (Dubai) Mohammed Al Habtoor, Vice President and CEO of Al Habtoor Group, said that the group intends to offer part of its shares for public subscription on the Dubai Financial Market.In a press statement yesterday, on the sidelines of the launch of the penthouse units in Al Habtoor City, he added that … Read more