Dubai Financial Market (DFM) on Monday announced its financial results for the first half of the year ending 30 June 2020, registering a 21% increase in its net profit to Dhs78.9 million compared to Dhs65.1 million
The Dubai Financial Market (DFM) on Sunday announced that it is reopening its Trading Floor and Customer Affairs counters for investors as of Tuesday, July 7, 2020, with the strict implementation of precautionary measures for the safety of clients and employees.
The United Arab Emirates stock markets closed higher on Tuesday, led by financials and property shares. Dubai’s main share index gained 0.5%, led by a 1.5% rise in blue-chip developer Emaar Properties and a 0.5% gain in Emirates NBD Bank.
Abu Dhabi Securities Exchange (ADX) recently granted BH Mubasher Financial Services (BHM), a leading investment firm in the UAE’s financial market, a short-term margin-trading licence, making it the first financial services company in the UAE to offer the service to its clients.
The Dubai Financial Market (DFM), on Tuesday launched its new subsidiaries, Dubai Clear and Dubai CSD. Dubai Clear is the region’s first independent company central counterparty (CCP) for equity clearing and Dubai CSD, the UAE’s first independent central securities depository (CSD) company.
The Dubai Financial Market (DFM) has announced that its listed companies have recorded a 96 per cent compliance regarding the disclosure of Q2-2019 results within the deadline of 45 days from the end of the period.
Government-led policy initiatives and investments, improved growth prospects in trading partners, and preparation to host Expo 2020 are providing the bedrock for increased private sector credit and investment in Dubai. As a result, real GDP growth rates in the short to medium term are projected to reach 2.1 per cent,
The Dubai Financial Market (DFM) on Monday launched “the Dubai Financial Market Shari’a Index (DFMSI), the most recent initiative from DFM aiming to reinforce its momentous journey as the first Shari’a-compliant exchange
The successful Initial Public Offerings (IPOs) in the UAE have helped strengthen local stock markets by attracting more investors and creating deeper liquidity. This has given an impetus for other companies to follow suit which could result in even more IPOs than previously expected. This was revealed by Abdelhadi Laabi,
The Continental Group, a leading insurance intermediary and financial services provider in the GCC region, recently hosted a webinar titled ‘The Road Ahead’, enabling expert discussions on the global financial markets, the 2021 performance, and the