April 23rd, 2019 | 0 commentsThe Abu Dhabi Securities Exchange (ADX) ended Monday’s trading session in green territory, pushed up by foreign purchases. The general index inched up 40.14 points, or 0.75%, ending the session at 5,386.44 points, the highest level since December 2005. By the end of the session, the ADX’s market capitalisation increased by AED 1.89 billio...
April 23rd, 2019 | 0 commentsThe Dubai Financial Market (DFM) ended Monday’s trading session with positive performance, supported by the growth of Emaar’s three stocks. The general index inched up 0.01%, or 0.17 points, ending the session at 2,820.95 points. Turnover amounted to AED 255.456 million after 182.867 million shares exchanged hands. The real estate sector...
April 23rd, 2019 | 0 commentsDubai’s real gross domestic product (GDP) is projected to reach 2.1% in 2019, according to a recent report released by Dubai Economy. Moreover, the GCC emirate’s real GDP is expected to record 3.8% and 2.8% in 2020 and 2021, respectively, the report said. “Economic momentum has picked up at the beginning of this year with a surge in new b...
April 23rd, 2019 | 0 commentsThe UAE is expected to raise its investments in the tourist recreational activities , excluding business tourism, by 9.22% in the full-year 2019, according to recent data released by the World Travel and Tourism Council (WTTC). The UAE will spend up to AED 158.7 billion over the course of this year, compared to AED 145.3 billion a year ag...
April 22nd, 2019 | 0 commentsH.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has drawn attention to the UAE’s efforts in supporting orphans. He spoke at length about orphan care in the UAE during his visit to the fourth Ajman Festival for Orphans. Drawing attention to the UAE leadership’s commitment to the orphan care and Islam’s t...
April 22nd, 2019 | 0 commentsThe UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, adopted the National Artificial Intelligence Strategy 2031 during its meeting at the Presidential Palace in Abu Dhabi. The Cabinet meeting was attended by H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Depu...
April 22nd, 2019 | 0 commentsDepartment of Transport in Abu Dhabi (DoT) has unveiled three infrastructure projects with total investments of AED 8 billion ($2.18 billion) at Cityscape Abu Dhabi 2019. The new projects will improve the quality of life in Abu Dhabi and promote the economic development, director of Integrated Transportation Planning Division at DoT Bader...
April 22nd, 2019 | 0 commentsEltizam Asset Management Group announced that it has allocated around AED 200 million for merger and acquisition (M&A) deals that will take place in 2019 and 2020, the company said in a recent statement. The GCC’s leading physical asset management company plans to acquire companies from multiple sectors including facilities management...
April 22nd, 2019 | 0 commentsThe Dubai Financial Market (DFM) ended Sunday’s trading session with positive performance, pushed up by of Emaar’s stock, in addition to the approaching distribution of cash dividends. The DFM’s general index levelled up 0.24%, or 6.87 points, ending the first session of the week at 2,820.78 points. By the end of the session, the bourse’s...
April 22nd, 2019 | 0 commentsThe Abu Dhabi Securities Exchange (ADX) closed Sunday’s trading session in green territory, encouraged by the announcement of first-quarter financial statements. The general index increased by 54.30 points, or 1.03%, ending the first session of the week at 5,346.30 points, the highest level since 2006. By the end of the session, the ADX’s...
