Latest News for: Dubai stocks

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GCC economic growth placed at 2.5pc in 2023 and 3.2pc in 2024

Gulf Daily News 05 Jun 2023
All equity indices, except Dubai and Bahrain, were negative for the month.  ... The listing, scheduled for the second half of 2023, is expected to attract foreign investors to the Bahraini stock market.  ... Dubai market mildly gained 0.9% for the month, majorly driven by blue-chip stocks.
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UAE Defends Big Oil's Role at UN Climate Summit It Will Host

Beijing News 04 Jun 2023
12 meeting in Dubai, known as COP28 ... Al-Suwaidi said agreeing to a global goal for ramping up renewable energy in Dubai ... Global stock-taking. The talks in Dubai will also see countries conduct the first 'global stock take' of efforts to tackle climate change since Paris in 2015.
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UAE stocks add $27 billion to market cap in 5 months

The Eastern Herald 03 Jun 2023
Local stocks attracted liquidity that exceeded 188 billion dirhams in the first five months of this year, distributed by 152.6 billion dirhams on the Abu Dhabi Stock Exchange and 35.4 billion dirhams on the financial market of Dubai, while approximately 41.5 billion shares were ...
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Aid agencies in Sudan grapple with looting, bureaucracy to deliver relief

Yahoo Daily News 02 Jun 2023
*. About half Sudan's population needs help, says U.N. *. U.N. says aid trucks stolen, warehouses ransacked. *. Aid workers struggle to secure visas, travel permits ... The U.N ... (Additional reporting by Ibrahim Mohamed Ishak in Port Sudan and Khalid Abdelaziz in Dubai; Editing by Edmund Blair) ... US STOCKS-Wall St rises after jobs data; debt default averted.
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EFG Hermes concludes advisory on $769 million IPO of ADNOC Logistics & Services

Gulf News 02 Jun 2023
EFG Hermes was successful in advising on three of the GCC’s most prominent listings this year, having advised on ADNOC Gas Plc’s IPO on the ADX, Abraj Energy Services’ IPO on the Muscat Stock Exchange (MSX), and Al Ansari Financial Services PJSC’s IPO on the Dubai Financial ...
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EFG Hermes completed a $769m IPO of Adnoc L&S on the ADX

Gulf Daily News 01 Jun 2023
He added, “EFG Hermes was successful in advising on three of the GCC’s most prominent listings this year, having advised on Adnoc Gas Plc’s IPO on the ADX, Abraj Energy Services’ IPO on the Muscat Stock Exchange (MSX), and Al Ansari Financial Services ...
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UAE Corporate Tax: What businesses can expect as 9% regime becomes official on June 1

Gulf News 31 May 2023
Dubai ... At all points, what the UAE has made it clear is that this is not a tax on personal income, while investments in real estate, stocks and on dividends too are exempt ... UAE corporate tax registration ticks along, Dubai’s Net Zero plan, and Everton needs reinforcement, Gulf News Editors comment on the top stories on May 29 UAE Corporate Tax.
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Most UAE residents prefer buying groceries, clothes at physical stores, not online: Survey

Khaleejtimes 30 May 2023
In terms of mode of payment, card remains the most popular choice for in-store purchases followed by cash, QR code, direct debit, and digital wallet ... Shoppers not happy with loyalty programmes ... ALSO READ ... Dubai's 3-day Super Sale. Residents enjoy up to 90% discounts, stock up for summer and Eid Al Adha 30-50% off on shoes, clothes in Dubai.
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News Nuggets | 29 May: Scope Markets' New Hire; More Features on CQG

Finance Magnates 29 May 2023
Scope Markets Names New Global Sales Director. Rostro-owned Scope Markets has strengthened its team with the latest hiring of David Andres Restrepo as the Global Sales Director. He is based in London ... Oman's Sharakah, a government-backed joint stock company, announced its investment into Beehive, a Dubai-headquartered peer-to-peer lending platform.
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Dubai’s 3-Day Super Sale ends today: Last chance to get up to 90% discounts; 5 tips to bag the best deals

Khaleejtimes 28 May 2023
A KT reporter saved more than Dh1,000 as he stocked up on footwear, clothes and more. Organised by the Dubai Festivals and Retail Establishment (DFRE), international and local brands taking part in 3DSS include ... 8 mega sales UAE residents can look forward to this year Dubai’s 3-Day Super Sale.
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UN meet in UAE seen driving global climate action

Gulf News 26 May 2023
Global COP28 meeting will be held in Dubai, from November 30 to December 12, 2023. It will conclude the global stock-take to assess countries’ collective progress towards achieving the Paris Agreement’s goal of limiting global temperature rises to 1.5 degrees Celsius above pre-industrial levels by 2050 ... COP28 meeting in Dubai, UAE.
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UAE meeting seen driving global climate action

Gulf News 26 May 2023
Global COP28 meeting will be held in Dubai, from November 30 to December 12, 2023. It will conclude the global stock-take to assess countries’ collective progress towards achieving the Paris Agreement’s goal of limiting global temperature rises to 1.5 degrees Celsius above pre-industrial levels by 2050.
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Gulf markets range-bound as US debt jitters dent sentiment

Reuters 25 May 2023
Saudi Arabia's benchmark stock index (.TASI) edged 0.1% lower, as the index was pulled down by weakness in almost all sectors, with healthcare and financials leading the losses ... Dubai's benchmark stock index (.DFMGI) advanced 0.3%, following a two consecutive sessions of losses, supported by solid gains in real estate companies.
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Are rent-to-own units a good option for property buyers in Dubai?

Khaleejtimes 25 May 2023
When there is a high demand in the real estate market, rent to own options are rarely seen; however, when there is a high supply in the market, developers will introduce rent to own as a second option to sell in order to move the stock, which is more common in projects located far from the city, such as Dubai Land.
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At Dh460 billion, ADNOC Logistics & Shipping draws highest IPO subscription in 2023

Gulf News 25 May 2023
Dubai. The ADNOC Logistics and Shipping Services IPO has seen the 'largest demand globally' for a stock float so far this year, with gross demand hitting over $125 billion - or Dh460 billion ... The final offer price is Dh2.01 per share - at the top end of the previously announced price range of the IPO ... The stock starts trading June 1 ... .

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AP / Mass Communication Specialist 1st Class Andre T. Richard/U.S. Navy via AP
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