The company also reported an increase in its total assets to reach AED 1.3 billion by the end of the first three months of 2024
stock trading
Latest in stock trading
Abu Dhabi Securities Exchange
Abu Dhabi stock exchange: $4.2bn of major deals in 2023
10 bumper deals on Abu Dhabi exchange have seen more than $4.2bn of shares change hands so far this year
google trends
UAE named the fifth most stock-obsessed country in the world
A study of stock market-related Google Trends data shows the UAE to be ranked in the top-five behind Singapore, India, Canada and the United States
DFM
Emirates NBD Securities’ new platform to enable ‘instant’ trading on Dubai stock market
Emirates NBD, which is the emirate’s biggest lender, will allow customers to instantly acquire a DFM investor number (NIN) and Emirates NBD Securities brokerage account
Capital Markets
Experts optimistic of Dubai’s capital market, as TECOM Group debuts on DFM
The IPO comes as Dubai, and the wider Arabian Gulf region, aims to develop its capital market scene
Capital Markets
Saudi real estate developer Retal debuts on Tadawul with $384 million IPO
The company’s strategic priority is to reinforce its leadership position in the field of off-plan sale
Capital Markets
Dubai’s DFM Company sees 17 percent increase in net profit to $7.5 million in Q1 2022 as trading surges
The DFM’s trading value has increased 48 percent to AED 22.8 billion during the first quarter of 2022, compared to AED 15.4 billion during the corresponding quarter of 2021
Capital Markets
PIF-owned Saudi digital security firm Elm surges on Tadawul trading debut
Elm’s own offering drew $57 billion in institutional orders this week, almost 70 times the targeted proceeds
Capital Markets
Dubai Financial Market operator reports AED103.8m net profit for 2021
Dubai Financial Market posted a net profit of AED103.8m in 2021 compared to AED137.9m the previous year while revenues dropped from AED137.9m in 2020 to AED103.8m in 2021
Dubai bourse
Dubai bourse to see debut of India’s fund manager and start-up founder Nikhil Kamath
Several other Indian firms are also expected to follow suit as Dubai seeks to strengthen its position as a global markets hub with a series of announcements on financial incentives and listing plans for marquee state-owned biggies
abu dhabi criminal court
Abu Dhabi court sentences 40 individuals and eight companies over fraud and money laundering crimes
Defendants have been sentenced to prison terms ranging between five and 10 years and have been collectively fined nearly AED860m. Convicted companies each have to pay a fine of AED50m
Day trading
Five tips for day trading beginners
New traders need to educate themselves on the markets, the trading techniques, the platform they will be using, and the risk management tools available
Emerging Markets
Gulf equity markets rise, shrugging off lower crude
Dubai’s equities index led gains in the Gulf Sunday as traders focus on the long-term prospect for oil