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...
Joby Aviation (JOBY) shares surged nearly 20% following the air taxi company’s announcement of successfully completing a series of piloted electric Vertical Takeoff and Landing (eVTOL) flights in Dubai. This positive development signals a significant step forward for the company in its journey toward commercial operations. According to a press release from Joby Aviation, the...
Telecom and digital services company Veon delisted from the Amsterdam stock market last year and relocated its operations to Dubai. This move made Veon the largest Nasdaq-listed company based in the UAE. Kaan Terzioglu, the CEO of Veon, shared insights into the company’s future plans during an interview. He mentioned that Veon intends to dual-list...
Dubai’s benchmark index reached a record high last Friday and maintained its upward trend earlier this week. Both Dubai’s main share index and Abu Dhabi’s benchmark index recorded their sixth consecutive weekly gain, closing the week 0.12% higher. On Friday, Dubai’s main share index increased by 0.21%, closing at 5 464, while Abu Dhabi’s benchmark...