Dubai index

UAE markets gain on rate cut bets

UAE markets gain on rate cut bets

DUBAI: UAE stock markets closed higher on the last trading day of 2023, with the Dubai index rising for a third year...
Published 30 Dec, 2023 06:28am
Most Gulf shares rise
Markets

Most Gulf shares rise

DUBAI: Most stock markets in the Gulf ended higher on Tuesday, as worries about the impact of the Omicron ...
Published 08 Dec, 2021 06:22am
Dubai drags major Gulf markets lower
Markets

Dubai drags major Gulf markets lower

  • Dubai's main share index fell 0.7%, weighed down by a 1.1% drop in Emirates NBD Bank and a 1% decline in sharia-compliant lender Dubai Islamic Bank.
  • "The Saudi announcement will likely negatively affect companies in the Emirates in the short-term," said Daniel Takieddine, market analyst at FXPrimus.
Published 06 Jul, 2021 07:13pm
Dubai says $500mn bond repayment reflects fiscal stability
Markets

Dubai says $500mn bond repayment reflects fiscal stability

  • The Government of Dubai's ability to fulfil its financial obligations reflects its deep fiscal stability amidst the circumstances imposed by the current global crisis.
  • The $500 million notes, which were issued in 2011, have been redeemed in full, said the government.
Published 22 Jun, 2021 07:20pm