Dubai Informer

Dubai Financial Market (DFM) announced today that its listed local public joint stock companies have recorded a 100% compliance regarding the disclosure of Q2-2010 results within the deadline of 45 days from the end of the period. The total number of UAE public joint stock companies listed at DFM which disclosed their second quarter results [...]

The value of equities traded on NASDAQ Dubai rose by 52 per cent in the first six months of 2010 to 728 million dollars, from 479 million dollars in the same period of 2009. Equities volumes fell by 10 per cent to 1.58 billion shares in the same period, from 1.75 billion. Measured by percentage [...]

All systems are go for trading of Nasdaq Dubai’s listed equity stocks on the Dubai Financial Market platform with the Dubai Financial Services Authority (DFSA) giving its final approval. Clearing, settlement and custody functions for Nasdaq Dubai equities will also migrate to the DFM’s systems. Under the outsourcing, Nasdaq Dubai’s equities will remain listed on [...]

Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (2 – 6 May) reached Dhs475.3m comprising 40.5% of the total value of stocks traded during the period. The value of stocks sold by foreign investors during the same period reached Dhs496.9m comprising 42.4% of [...]

Today the Dubai Government has confirmed that it will pour 9.500.000.000 US$ (yes, that’s 9.5 Billion US$) into Dubai World. This is one part of the Dubai World restructuring plan which will also allow work on Nakheel projects to continue. 8 Billion US$ of this money will be used for Nakheel, only 1.5 Billion US$ [...]

The biggest investment company on the Dubai Financial Market, Dubai Investments PJSC, announced a net profit of AED 963 Million as the preliminary results for last year 2009. Dubai Investments reported a consolidated total income of Dhs3.67 Billion for the full year 2009. The net profit for the fourth quarter of 2009 alone was AED [...]

Dubai has made it into the international news again. This time it’s all about one of Dubai’s biggest companies – DUBAI WORLD. The news read like: Indian stock markets joined the tumble in bourses around the world on Friday after Dubai government-owned holding company Dubai World, which manages that country’s portfolio of businesses, said it [...]

 Jittery investors went on a selling spree on the UAE markets on Monday, as both the Dubai Financial Market (DFM) general index and the Abu Dhabi Securities Exchange (ADX) index falling considerably. In Dubai, real estate stocks led the slide, as the general index slumped 5.76 per cent to 1,774.01. Emaar was down 8.75 per cent [...]

Contractor Drake & Scull International will list its shares in Dubai on March 16 in a delayed move following its initial public offering (IPO) in July last year, the company said. Drake, which specialises in mechanical, engineering and plumbing businesses, raised 1.22 billion UAE dirhams ($332.1 million) in the IPO aimed at expanding its business across [...]

Dubai Financial Market (DFM) said that its landmark initial public offering (IPO) is open for subscription as of today, UAE news agency WAM has reported. Dubai Government, the founder and main shareholder of DFM, intends to offer dhs1.6 billion (US$ 435 million), representing 20 per cent of the DFM share capital of dhs8 billion, through [...]