Millionaires in the UAE, real estate promotion in Sharjah, fast-track visas at new free zone, Dubai property updates and more of the top news stories this week
Trading activity
Latest in Trading activity
Sarwa
No safety net? UAE expats turn to investment apps as local platform boom fills pension void for thousands
The shift reflects mounting awareness among the UAE’s expatriate majority about the need to secure their financial futures without state pensions
financial security
Investment gamification: a double-edged sword
Gamifying all aspects of financial services could end in outsize risk
Capital Markets
Increased trading and new IPOs help DFM’s net profit surge to $24.83 million
Market capitalisation of listed securities increased 40 percent to AED575.5 billion
DFM
Increased trading on DFM leads to 134 percent growth in net profit for second quarter
70,432 new investors registers with the bourse in H1 2022, 38 times the number who joined during the same period last year
Iraq Stock Exchange
Trading volumes on Iraq bourse fall 30 percent in May
Foreigners’ share in total trading volume decreased from 4% in April to 3.5% last month, according to Rabee Securities
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
Morgan Stanley puts buoyant Saudi stocks back on the buy list
Financials and materials stocks have been the best performers on the MSCI Saudi Arabia index this year
free trade agreement
Revealed: India’s wish list for UAE in proposed free trade pact
India’s Prime Minister Narendra Modi could visit the UAE sometime during the Expo, and the Indian side is keen to wrap up negotiations on the FTA ahead of the potential visit
Abu Dhabi Securities Exchange
DFM is latest to waive minimum trading commission fees
Move comes alongside a similar directive announced by the Abu Dhabi Securities Exchange (ADX) earlier this week