Foreign investors and institutional investors made a strong return to the local stock markets yesterday, resulting in significant gains across the indices. The market capitalization of Abu Dhabi stocks increased by more than AED 20 billion, reaching AED 3.080 trillion, while Dubai’s market capitalization grew by AED 13.51 billion, surpassing AED 1 trillion for the...
Dubai Investments PJSC (DFM: DIC), a diversified investment group listed on the Dubai Financial Market, has renewed its agreement with xCube LLC to serve as the Liquidity Provider (LP) for its shares. This renewal is part of Dubai Investments’ ongoing strategy to enhance shareholder value and improve market performance. The partnership with xCube reinforces Dubai...
The UAE’s initial public offering (IPO) pipeline is poised to diversify as Cafu, a Dubai-based fuel delivery start-up, considers selling a stake in the business. This potential sale comes amid strong investor demand for new listings, as reported by Bloomberg, which cited sources familiar with the matter. Cafu is reportedly collaborating with Lazard, a financial...
Dubai’s Emirates Islamic Bank (EIB) will no longer be traded on the Dubai Financial Market (DFM) starting June 10, 2025. This decision follows Emirates NBD’s move to purchase all shares in EIB that it does not already own. A statement from EIB confirmed that it will instruct the DFM to suspend trading of its shares...
UAE stocks experienced a notable surge driven by optimism surrounding potential trade talks between the US and China. This positive sentiment led to gains in the markets of both Dubai and Abu Dhabi. The renewed discussions between the US and China have positively impacted global markets, with the UAE showing similar trends. Dubai’s main index...
Dubai Investments, a diversified company listed on the Dubai Financial Market, is preparing to sell stakes in four of its subsidiaries through initial public offerings (IPOs), as stated by Khalid Bin Kalban, the company’s vice chairman and CEO. He announced the intention to launch one IPO each year, following thorough internal and external evaluations of...
In the first quarter of 2025, stock brokerage firms in the Dubai Financial Market added approximately 19 658 new trading accounts. This surge in account openings highlights an increasing interest in stock trading within the region. The growth in new accounts comes as part of a broader trend in the UAE’s financial markets, where more...
The Abu Dhabi stock market saw significant gains last week, adding AED 8.9 billion to its market value and closing at AED 2.996 trillion. This improvement was partly driven by better performance in US stock markets and optimism surrounding a potential decline in US interest rates. The Abu Dhabi Securities Exchange (ADX) index rose by...