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UAE a key player in global financial sector, says NYSE vice chair

UAE a key player in global financial sector, says NYSE vice chair

The country’s financial markets possess significant potential and flexibility, combined with its continuous commitment to innovation and development

HSBC acts as custodian for debut DFM SLB transaction

HSBC acts as custodian for debut DFM securities lending transaction

The execution of the first international securities lending and borrowing transaction is the latest step in the continued evolution of Dubai’s capital markets

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UAE announces Hijri New Year holiday for financial markets

While ADX and DFM will close for trading on July 21, Dubai Gold and Commodities Exchange will remain open and continue to operate under normal trading hours

Abu Dhabi bourse, CASE join hands to boost cooperation

These 13 UAE-listed private joint-stock companies have Dhs8.3bn in capital

The inclusion of private joint-stock firms in the local markets helps companies access a large capital base

Dubai exchange launches futures contracts

Dubai bourse launches futures contracts on general index

The futures contracts will help investors effectively hedge against market volatility and make profitable trades

Dubizzle owner mulls UAE IPO

Dubai-based owner of Dubizzle mulls UAE IPO

Emerging Markets Property Group is set to hire Rothschild & Co. for the potential IPO in Dubai or Abu Dhabi

DFM and Dubai Chamber

DFM, Dubai Chamber of Commerce partner to boost IPOs

The two entities have partnered with advisory firms that are a key part of the city’s financial and business ecosystem

Mohamed Ali Al Ansari - Group Chairman of Al Ansari Financial Services

Al Ansari Exchange raises Dhs773m in IPO, attracts bids worth Dhs12.7bn

The company sold 750 million shares and set the final share price at Dhs1.03, implying a market capitalisation of Dhs7.73bn at listing

ADNOC Gas IPO debuts on ADX

Abu Dhabi’s ADNOC Gas surges on ADX trading debut

The IPO is the largest ever in Abu Dhabi and the largest globally, year to date, as the emirate is expecting eight more listings

stock markets

IHC subsidiary International Securities launches global trading platform

Through the launch of this new trading platform, International Securities is expected to double its customer base over the next 18 months

Assets of local companies listed in financial markets rise by 10% in H1 2022

Assets of national companies listed on ADX, DFM show 10% rise in H1 2022

The banking sector was the leading contributor, with 17 banks accounting for 69 per cent of total assets

Union Coop begins first day of trading on Dubai Financial Market

Union Coop begins first day of trading on Dubai Financial Market

Trading commenced under the symbol ‘UNIONCOOP’ on July 18

Dubai’s Damac appoints new chairman, forms committee to assess Sajwani’s offer

Hussain Sajwani resigned as its chairman last week after his investment firm offered to acquire 100 per cent of Damac

Tristar pulls Dubai IPO as investors push back on valuation

Tristar’s IPO was slated to be the second listing in three years on the Dubai Financial Market

Logistics firm Tristar sets price range for second Dubai IPO in three years

The company plans to offer up to 24 per cent of its shares in the IPO

U.A.E. Financial Markets Following Veil Lift on Debt

UAE raises daily decline limit in shares back to 10% from February 28

Authorities had reduced the cap to 5 per cent in March 2020 to contain the fluctuations triggered by the pandemic

UAE-BUSINESS- Arabtec

CEO of Dubai contractor Arabtec resigns amidst its ongoing liquidation

Wail Farsakh was appointed to the role in April 2020

Emaar Development announces new chairman, Alabbar to remain in executive role

Adnan Kazim has been named as its new chairman in line with regulatory requirements

Dubai Financial Market announces H1 2022 results, posts net profit of Dhs63.4mn

Dubai Financial Market appoints new CEO, reports 21% rise in H1 profit

The DFM attracted 1,718 new investors during the first half of the year