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Market capitalisation of 20 UAE-listed firms hits $762bnThe market capitalisation of the 20 largest companies listed on the local stock exchanges by market value reached AED2.8 trillion ($762 billion) by the end of this week, with further increases expected in line with the markets' plans to do More… |
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New IPOs add $5.8bn to UAE's stock market capitalisationThe local stock markets attracted a new market capitalisation of nearly AED21.3 billion ($5.8 billion), thanks to three new initial public offerings (IPOs) witnessed since the beginning of this year, in line with market plans to double its mar More… |
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Saudi Exchange launches TASI50 IndexThe Saudi Exchange has announced the launch of the TASI50 Index, which tracks the top 50 companies listed on the Saudi Exchange by total market capitalisation. The index is calculated in real time and tra More… |
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Dubai Financial Market 9M net profit soars 109pc to $51mDubai Financial Market’s (DFM) nine-month (9M) net profit soared by 109% to AED186.2 million, compared to AED89 million in the corresponding period in 2022. With a notable increase in the num More… |
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UAE banks will benefit from higher interest rates: S&PS&P Global Ratings expect banks in the UAE to benefit from the planned increase in interest rates by the US Federal Reserve, which the Central Bank of the UAE (CBUAE) will likely mirror because the UAE dirham is pegged to the US dollar.&nb More… |
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UAE banks will benefit from higher interest rates: S&PS&P Global Ratings expect banks in the UAE to benefit from the planned increase in interest rates by the US Federal Reserve, which the Central Bank of the UAE (CBUAE) will likely mirror because the UAE dirham is pegged to the US dollar.&nb More… |
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GCC catastrophe ‘could call for huge recapitalisation’A single large catastrophe event with the same severity as the Super Cyclone Gonu in 2007 across the GCC would have resulted in an estimated third of all companies requiring recapitalisation, said an industry expert. “Had Go More… |
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Bahrain banking sector in good health, says IMFThe International Monetary Fund (IMF) has given Bahraini banks a clean bill of health, while rating agency Moody's raised its outlook for the sector, as banks in the kingdom emerge from a period of consolidation. Bahrain has w More… |
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Economic growth, capitalisation ‘driving Gulf banks’Gulf banks will likely continue their steady recovery from the global financial crisis this year, aided by healthy economic growth in the GCC and still high oil prices, said a new report released by Standard & Poor’s (S&P). More… |
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Union Properties in debt deal with ENBDDubai's Union Properties has reached a Dh3.8 billion ($1.03 billion) debt deal with major shareholder Emirates NBD, the developer's chief executive told Al-Bayan newspaper on Wednesday. The real estate firm will transfer assets worth More… |
