Foreign investors purchased Dh 2.2bn worth of shares on Dubai Financial Market over the week

Dubai Financial Market DFM announced that the value of shares bought by foreign investors, or non-UAE nationals, from February 1 to 5, reached Dh 2.2 billion, while value of stocks they sold stood at Dh 1.3 billion, with net foreign investment on the market reaching Dh 193.6 million during the period, as aggregate sell. Value Read More …

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Dubai index edges up in early trade

Dubai index edged up slightly in early trade on Tuesday even as crude oil extended losses. The Dubai Financial Market General?index was up 0.23 per cent at 3,902.58 at 10.15 am, while the Abu Dhabi Securities Exchange General index was down 0.06 per cent at 4,564.44. Crude oil held losses near the $50 level mark Read More …

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Foreign-investor stock value on DFM over Dh2bn

Dubai Financial Market ( DFM ) announced that the value of shares bought by foreign investors, or non-UAE nationals, from November 9-13, 2014, reached Dh2.4 billion, while value of stocks they sold stood at Dh2.3 billion, with net foreign investment on the market reaching Dh137.5 million during the period, as aggregate buy. Value of shares Read More …

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Dubai index rebounds with global markets

The Dubai index rebounded after global markets jumped on Friday led by Arabtec. The Abu Dhabi index also jumped. The Dubai Financial Market General Index was 4.76 per cent higher to be at 4,473.49 at 11.31am, after losing nearly 14 per cent in the past week. Arabtec, the most-active stock by value in trade, jumped Read More …

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Emaar Malls listing ‘will encourage other firms to follow suit’

Dubai developer Emaar?s plans for a series of initial public offerings (IPOs) is helping to boost interest in listings on the Dubai Financial Market (DFM), the CEO of a major UAE-based investment firm, which is considering listing some of its subsidiary units. Jassim Alseddiqi, CEO of Abu Dhabi Financial Group, said while it will take Read More …

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Dubai Investments unveils pioneering real estate concepts at Cityscape

Dubai Investments PJSC [DI], the leading investment company listed on the Dubai Financial Market, is showcasing its wide array of pioneering, sustainable real estate concepts and solutions as also its forthcoming projects at Cityscape Global ? the largest property exhibition across the Middle East, currently under way in Dubai. One of the biggest real estate Read More …

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Dubai Holding’s H1 2014 revenue up to Dh5.6 billion reports

Dubai Holding, a global investment holding company, on Sunday announced the financial results of its business group, Dubai Holding Commercial Operations Group (?DHCOG’), for the first half of 2014, ending 30 June 2014, saying its revenue were up to Dh 5.6 bn and EBITDA was at Dh 2.8 bn. DHCOG’s net profits reached Dh 2.1 Read More …

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Dubai?s economy up 4.2% in Q1

Dubai?s economy maintained its growth and expanded by 4.2 per cent in the first quarter of 2014, with all non-oil sectors recording an increase. The emirate?s real GDP increased to around Dh84.6 billion in the first quarter of 2014 from Dh81.3 billion in the first quarter of 2013, said Aref Obaid Al Muhairi, executive director Read More …

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Dubai changes financial rules to lure richest investors

Dubai is changing its financial rules in an effort to attract more asset managers – particularly those serving the richest and most risk-tolerant investors, such as hedge funds and private equity funds – to base themselves in the emirate. The rules create a new class of funds that can be domiciled in the Dubai International Read More …

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Dubai’s Pure Gold launches first overseas boutique in Paris

Dubai-based jewellery firm Pure Gold Group has announced that its Arianna boutique brand has launched in its first international market. The company said in a statement that its luxury multi-brand jewellery boutique has opened in Paris. Located in the Peninsula Hotel, the outlet features jewellery and accessories designed by the likes of Gucci, Roberto Coin, Read More …

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30% increase in Dubai residence visas issued in H1

The General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA-Dubai) has announced a 30 per cent increase in the number of residence visas issued in Dubai during the first half of 2014, compared with the same period in 2013. The government entity has also unveiled a package of new smart services, which Emiratis, residents Read More …

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Dubai Trade posts good H1 growth

Dubai Trade, the cross-border trade facilitator, has announced a 94 per cent increase in the number of its services accessed online in the first half of 2014 compared with the same period last year. The massive growth happened as Dubai Trade has worked with customers to encourage online use with training courses and support through Read More …

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Dubai Investments’ H1 net profit more than doubles

Dubai Investments PJSC (DI), the leading investment company listed on the Dubai Financial Market (DFM), ?its net profit for the first six months of 2014 has surged to AED 805 million, an increase of 118% compared to a net profit of AED 370 million for the similar period last year. Announcing its financial results for Read More …

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Arabtec shares rebound spurs rally on Dubai Financial Market

The Dubai Financial Market had its best day in more than nine months yesterday as shares in Arabtec rebounded to close up 5.1 per cent. The Dubai market?s broad rally lifted its main index 6 per cent on the day and nearly reversed Tuesday?s losses, when the index shed 6.6 per cent. While Arabtec shares Read More …

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Dubai?s GDP grew 4.6% 2013, as per Statistics Centre

Dubai’s economy expanded 4.6 per cent year on year in 2013, up from 4.1 per cent in 2012 according to Dubai Statistics Centre DSC. The DSC report showed that the fastest growing sector in Dubai last year was once again hospitality, which recorded 13 per cent growth, the third consecutive year of double-digit growth in Read More …

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Labour Ministry launches ‘Field Experiences’ initiative

The Ministry of Labour MoL has launched the “Field Experiences”, an initiative aimed at strengthening cooperation between government and private sectors through the exchange the best customer service experiences. The initiative will contribute to the development of action mechanisms and efficiency in corporate performance, and the improvement of quality of production, which will reflect positively Read More …

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Demand grows for Dubai’s office spaces

Economic vibrancy following Dubai?s World Expo 2020 win has led to increasing demand for commercial office space in the Emirate, according to Clutons? latest report. As a result of the heightened demand, rents for prime Grade A space in particular have continued to climb with a 10% increase recorded in Q1, pushing average rates to Read More …

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Dubai economy to grow 5% in 2014 says official statistics center

The Official Statistics Center has revealed that Dubai?s economy is expected to grow by 5% in 2014, continuing the dramatic pace of growth seen in 2013 Dubai?s economy expected to see 5% growth in 2014 Rate of growth to be similar to 2013, according to Dubai Statistics Centre Executive Director Arif Obaid al-Muhairi makes announcement Read More …

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Protection of property market guaranteed by Dubai laws

Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group, and Chairman of Dubai Supreme Fiscal Committee, on Tuesday affirmed that the measures, regulations and standards introduced by the government for property finance on the local and the federal level can protect the market against any volatilities, crises Read More …

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