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News Analysis

George Davis, Co-Founder and CEO of Fuse
2 July 04:04 PM UAE expected to achieve $30bn in FDI during 2024
UAE – Mubasher: The UAE is set to become a global business hub after recording the second-highest number of new foreign investments globally in 2023, according to Fuse Financial Technologies, a cross-border payments business in the Middle East for …
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2 July 03:17 PM UAE stock markets close Tuesday in green zone
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Tuesday’s trading session higher by 6.21 points (0.15%) at 4,063.25 points. A total of 188.39 million shares were exchanged during the session at a value of AED 418.90 million. …
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2 July 01:39 PM Arada Developments lists $400m Sukuk on Nasdaq Dubai
UAE – Mubasher: Nasdaq Dubai has announced the listing of a $400 million Sukuk by Arada Developments, a UAE-based master developer. This is Arada's second listing on Nasdaq Dubai and the first under their new $1 billion Sukuk programme, according …
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1 July 03:17 PM DFM’s benchmark gains 21 pts on Monday; ADX’s edges lower
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Monday’s session higher by 21.52 points (0.53%) at 4,051.52 points. A total of 139.89 million shares were exchanged during the session at a value of AED 286.67 million. Drake and …
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27 June 03:45 PM DFM’s main index rises 3 pts on Thursday; ADX’s surpasses 9,000 points
UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Thursday higher by 2.89 points (0.07%) at 4,008.96 points. A total of 201.78 million shares were exchanged during the session at a value of AED 360.69 million. Drake and Scull …
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27 June 11:33 AM GCC asset management industry thrives amid reforms, technology adoption – Report
Mubasher: The asset management industry in the GCC has significantly improved due to positive regulatory reforms and government support, according to a report by Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre (MARKAZ). Over the …
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26 June 03:52 PM UAE stock markets close Wednesday with varied performance
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Wednesday's trading session higher by 7.25 points (0.18%) at 4,006.07 points. A total of 285.90 million shares were exchanged during the session at a value of AED 353.76 million. …
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25 June 03:36 PM DFM, ADX close Tuesday in red zone
UAE – Mubasher: The main index of Dubai Financial Market (DFM) went down by 1.43 points (0.03%) on Tuesday and closed the trading session at 3,998.82 points. A total of 274.94 million shares were exchanged during the session at a value of AED …
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25 June 01:28 PM HSBC debuts WorldTrader digital platform in UAE
UAE – Mubasher: HSBC has launched WorldTrader in the UAE, a digital trading platform providing customers with access to a wide range of investments globally, according to a press release. WorldTrader will enable HSBC Wealth and Personal Banking …
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25 June 10:58 AM Abu Dhabi-based Lunate launches Chimera J.P. Morgan Global Sukuk ETF
UAE-Mubasher: Lunate Capital has launched the Chimera J.P. Morgan Global Sukuk ETF, an exchange-traded fund (ETF) that is scheduled to list on the Abu Dhabi Securities Exchange (ADX) on 8 July. The fund will track the performance of the J.P. …
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24 June 03:25 PM UAE stock markets show varied performance on Monday
UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Monday’s trading session lower by 11.94 points (0.29%) at 4,000.25 points. A total of 367.04 million shares were exchanged during the session at a value of AED 355.37 million. …
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24 June 01:57 PM MubasherTrade Research initiates coverage on Act Financial's FV ahead of EGX listing
Cairo - Mubasher: Act Financial plans to float 360 million shares, representing 47% of its share capital, on the Egyptian Exchange (EGX) after obtaining the authority’s approval last April. The company will increase its capital by issuing 360 …
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19 June 07:51 PM DMCC to boost $85bn non-oil trade corridor between UAE, India; new office unveiled
UAE – Mubasher: DMCC looks to build upon a $85 billion non-oil trade corridor between the UAE and India, as it continues to attract a new wave of Indian businesses to Dubai in line with its latest Made for Trade Live roadshow in New Delhi and …
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19 June 05:26 PM UAE stock markets rise on Wednesday after Eid break
UAE – Mubasher: After resuming trading on 19 June 2024, the main index DFMGI of Dubai Financial Market (DFM) rose by 4.44 points (0.11%) on Wednesday, closing the session at 3,988.22 points. On the occasion of Eid Al Adha holiday, DFM along with …
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18 June 07:41 PM Six Arab countries advance in 2024 World Competitiveness Ranking
Mubasher: The 2024 World Competitiveness Report included six countries from the Arab region which all showed progress in this year’s ranking, according to the International Institute for Management Development (IMD) data. The UAE led the Arab …
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18 June 06:04 PM Global travel, tourism deals plunge in 5M while European markets show growth – GlobalData
Mubasher: The total number of deals registered in the global travel and tourism sector decreased by 10.90% to 286 during the first five months (5M) of 2024 when compared with 321 in January-May 2023, according to GlobalData Deals Database. The …
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13 June 04:06 PM DFM, ADX end Thursday in green
UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Thursday’s trading session higher by 0.93 points (0.02%) at 3,980.11 points. A total of 129.25 million shares were exchanged during the session at a value of AED 211.96 million. …
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12 June 03:40 PM UAE stock markets close Wednesday in red
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Wednesday’s trading session lower by 29.75 points (0.74%) at 3,979.18 points. A total of 275.58 million shares were exchanged during the session at a value of AED 348.81 million. …
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12 June 12:46 PM Egyptian Exchange introduces new Shariah-compliant index
Cairo – Mubasher: The Egyptian Exchange (EGX) has launched the Shariah-complaint index, EGX33. The index comprises 33 meticulously selected companies whose activities adhere to the principles of Islamic Shariah, according to a press release. These …
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11 June 04:02 PM DFM, ADX end Tuesday in green
UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Tuesday’s trading session lower by 35.41 points (0.89%) at 4,008.93 points. A total of 254.47 million shares were exchanged during the session at a value of AED 312.92 million. …
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10 June 03:26 PM UAE stock markets see mixed performance on Monday
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Monday’s trading session lower by 8.73 points (0.219%) at 3,973.52 points. A total of 387.11 million shares were exchanged during the session at a value of AED 346.53 million. …
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6 June 03:31 PM DFM, ADX close Thursday in red zone
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Thursday’s trading session lower by 1.57 points (0.03%) at 3,978.75 points. A total of 512.02 million shares were exchanged during the session at a value of AED 423.74 million. …
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5 June 03:43 PM DFM, ADX close Wednesday’s session mixed
UAE – Mubasher: The main index of Dubai Financial Market (DFM) lost 5.65 points (0.14%) on Wednesday and closed  the trading session at 3,980.32 points. A total of 347.98 million shares were exchanged during the session at a value of AED 417.19 …
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5 June 02:55 PM UAE’s May PMI records decline in output growth
UAE - Mubasher: The UAE’s seasonally adjusted Purchasing Managers' Index (PMI) was kept unchanged from April 2024 at 55.3 in May, according to the latest S&P Global PMI data. The reading was still higher than its long-run average of 54.4, …
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4 June 03:32 PM UAE stock markets close Tuesday with varied performance
UAE – Mubasher: The main index of Dubai Financial Market (DFM) showed a negative performance on Tuesday after losing 7.06 points (0.17%) and ending the trading session at 3,985.97 points. A total of 169.93 million shares were exchanged during the …