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03:31 PM UAE stock markets close Monday with varied performance
UAE – Mubasher: The main index of Dubai Financial Market (DFM) lost 1.97 points (0.04%) and ended Monday’s trading session lower at 4,179.00 points. A total of 222.86 million shares were exchanged during the session at a value of AED 331.89 …
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12:25 PM Pure Health completes Ardent’s IPO on New York Stock Exchange
Abu Dhabi – Mubasher: Pure Health Holding has concluded the initial public offering (IPO) of its subsidiary Ardent Health Partners on the New York Stock Exchange (NYSE). Ardent Health offered 14.30 million shares of its common stock at $16 per …
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21 July 05:52 PM GCC fixed income markets see $75.5bn issuances in H1-24 – Report
Mubasher: Primary debt issuances of bonds and sukuk in the Gulf Cooperation Council (GCC) countries surged to $75.50 billion in the first half (H1) of 2024, marking a 38% year-on-year (YoY) increase from $54.80 billion. Saudi Arabia led the GCC …
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18 July 04:01 PM UAE stock markets close Thursday in green zone
UAE – Mubasher: The benchmark index DFMGI of Dubai Financial Market (DFM) added 37.21 points (0.90%) at the end of Thursday’s session to close at 4,169.17 points. A total of 313.32 million shares were exchanged at a trading value of AED 508.81 …
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17 July 03:58 PM UAE stock markets show positive performance on Wednesday
UAE – Mubasher: The main index DFMGI of Dubai Financial Market (DFM) rose by 22.30 points (0.54%) on Wednesday, closing the session at 4,131.96 points. A total of 234.08 million shares were exchanged at a trading value of AED 350.90 million. Shuaa …
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17 July 11:37 AM ADNOC Drilling selects Al Ramz Capital as liquidity provider
Abu Dhabi – Mubasher: ADNOC Drilling Company has appointed Al Ramz Capital, a subsidiary of Al Ramz Corporation Investment and Development, as a liquidity provider for the company’s shares listed on the Abu Dhabi Securities Exchange (ADX). Under …
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16 July 04:08 PM DFM closes Tuesday in red zone; ADX rises
UAE – Mubasher: The main index DFMGI of Dubai Financial Market (DFM) dropped 4.89 points (0.11%) to close Tuesday’s session at 4,109.66 points. A total of 171.21 million shares were exchanged, generating a turnover of AED 369.68 million. Shuaa …
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15 July 04:04 PM UAE stock markets close Monday in green zone
UAE – Mubasher: The benchmark index DFMGI of Dubai Financial Market (DFM) rose by 10.62 points (0.25%) on Monday, closing the session at 4,114.55 points. A total of 185.20 million shares were exchanged at a turnover of AED 272.11 million. GFH …
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15 July 01:43 PM GCC companies IPO proceeds shrink 32% YoY in H1-24 – Markaz
Mubasher: The GCC raised $3.60 billion through 23 initial public offerings (IPOs) in the first half (H1) of 2024, a 32% year-on-year (YoY) drop from $5.30 billion raised through 21 offerings in the comparative period of 2023, according to a report …
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11 July 03:53 PM UAE stock markets close Thursday in green
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Thursday’s trading session higher by 10.76 points (0.26%) at 4,090.98 points. A total of 112.57 million shares were exchanged during the session at a value of AED 227.02 million. …
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11 July 10:55 AM Nasdaq Dubai unveils $2.3bn new Sukuk issuances by Indonesia
UAE – Mubasher: Nasdaq Dubai welcomed three Sukuk issued by Indonesia at a combined value of $2.35 billion, under its $35 billion Trust Certificate Issuance Programme. The new listings reinforce Dubai's position as the world's leading centre for …
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10 July 04:32 PM UAE stock markets close Wednesday in green zone
UAE – Mubasher: The benchmark index DFMGI of Dubai Financial Market (DFM) rose by 1.93 points (0.04%) on Wednesday, closing the session at 4,080.22 points. A total of 106.87 million shares were exchanged at a turnover of AED 260.71 million. Dubai …
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9 July 05:29 PM GCC’s project awards drop 20% YoY in Q2-24 – Report
Mubasher: The GCC saw a notable decline in project awards during the second quarter (Q2) of 2024, with total awards dropping by 19.70% year-on-year (YoY) to $51.70 billion from $64.30 billion in the same period last year. This downturn was …
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9 July 03:32 PM DFM closes Tuesday down; ADX up
UAE – Mubasher: The main index of Dubai Financial Market (DFM) lost 3.67 points (0.09%) and ended Tuesday's trading session lower at 4,078.29 points. A total of 115.65 million shares were exchanged during the session at a value of AED 274.95 …
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8 July 03:33 PM UAE stock markets show mixed performance on Monday
UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Monday’s trading session higher by 11.72 points (0.28%) at 4,081.96 points. A total of 178.01 million shares were exchanged during the session at a value of AED 251.99 million. …
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8 July 12:46 PM Saudi Arabia ranks 3rd in EMEA 5G download speeds – Opensignal
Riyadh – Mubasher: Saudi Arabia held the third position in 5G Download Speed among key markets in the EMEA region, according to a report released by Opensignal. The report highlighted that the Kingdom witnessed a significant improvement in 5G …
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7 July 04:23 PM Abu Dhabi’s non-oil GDP up 59% in 10 years
UAE – Mubasher: The Abu Dhabi Department of Economic Development (ADDED) partnered with the Abu Dhabi Investment Office (ADIO) to organise the third edition of Al Multaqa quarterly meetings. The gathering provided the business community with …
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7 July 04:02 PM ADX unveils secondary listing of inaugural ADQ $2.5bn bond
UAE - Mubasher: Abu Dhabi Securities Exchange (ADX) welcomed the secondary listing of Abu Dhabi-based investment and holding firm ADQ’s $2.50 billion bond, according to a press release. The dual-tranche bond, which includes a five-year $1.25 …
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4 July 04:51 PM Egypt's construction industry to expand 8% annually until 2029 – JLL
Cairo – Mubasher: Egypt's construction industry, the largest in Africa and third largest in the MENA region, is projected to grow at a compound annual growth rate (CAGR) of more than 8% until 2029, according to JLL’s construction market …
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4 July 03:53 PM DFM closes Thursday’s session down; ADX up
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Thursday’s trading session lower by 13.39 points (0.32%) at 4,065.82 points. A total of 145.18 million shares were exchanged during the session at a value of AED 327.17 million. …
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4 July 12:25 PM UAE’s PMI down to 54.5 in June
UAE - Mubasher: The UAE’s seasonally adjusted Purchasing Managers' Index (PMI) declined to 54.6 in June 2024 from 55.3 registered during May, according to the latest S&P Global PMI data. Non-oil private sector continued to retreat at the mid-point …
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3 July 03:47 PM DFM, ADX collectively rise on Wednesday
UAE – Mubasher: The main index of Dubai Financial Market (DFM) gained 15.96 points (0.39%) on Wednesday and ended the trading session at 4,079.21 points. A total of 215.49 million shares were exchanged during the session at a value of AED 426.71 …
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 …