Company Insights Dubai Financial Market (DFM) Markets Dubai Financial Market (DFM) News Sustainability DFM to launch pilot for trading carbon credits Dubai Financial Market (DFM), the operator of the Dubai stock exchange, will launch a pilot programme for trading carbon credits during Cop28. The pilot programme for institutional investors starts from December 4 to 8, 2023, with the offsetting period ending on January 10, 2024, the UAE state-run Wam news agency reported. The inaugural pilot will see […] November 24, 2023 Finance Dubai Taxi’s market value forecast at $1.25bn on listing Dubai Taxi Company, a unit of the state-owned Roads and Transport Authority, has set the price range for its initial public offering (IPO) at AED1.80 to AED1.85 ($0.49 to $ 0.50) per share. This gives a market capitalisation of between AED4.5 billion and AED4.6 billion at the time of listing. The subscription period for retail […] November 21, 2023 Construction Deyaar plans new launches as profit rises three-fold Deyaar Development, majority-owned by Dubai Islamic Bank (DIB), reported a nearly three-fold rise in net profit for the third quarter on new project launches amid a recovery in the emirate’s real estate market. Net profit for the three-month period reached AED119 million ($32.41 million), compared to AED36.35 million a year earlier, the developer said in […] November 15, 2023 Finance Dubai Taxi Company to list 25% stake in IPO Dubai Taxi Company has announced plans to launch its initial public offering (IPO) after its legal status was amended to a public joint-stock company. The company will issue 624.75 million shares at a nominal value of AED 0.04 on the Dubai Financial Market, representing 24.99 percent of its total issued share capital. The subscription period […] November 13, 2023 Real Estate Emaar earnings jump 42% on back of real estate demand Shares in Emaar Properties were up 4.4 percent in trading on Friday off the back of strong financial results announced for the first nine months of the year. Dubai’s largest developer reported a 42 percent year-on-year increase in profit on higher property sales and a surge in real estate demand. The developer’s nine-month net earnings […] November 10, 2023 Construction Dubai’s Union Properties reports $5m profit for Q3 The Dubai developer Union Properties (UP) has reported a net profit of AED20 million ($5.45 million) for the third quarter of the year, backed by continued strong demand in the emirate’s real estate sector. UP, best known for its Motor City development in Dubai, transformed a AED966 million net loss in 2021 to a AED30 […] November 2, 2023 Finance DFM profit doubles to $51m as trading volume surges Dubai Financial Market (DFM) reported a 109 percent rise in net profit to AED186.2 million ($50.69 million) in the first nine months of the year, compared to AED89 million a year earlier. The profit was driven by a significant increase in trade volume and value, as well as an influx of new investors, according to […] October 31, 2023 Entrepreneurs Middle East needs to make it easier to launch startups The Middle East is a “very attractive” market for entrepreneurs but its fragmented nature is a barrier to entry, even as jurisdictions compete to attract international startups, executives said at an industry event in Dubai. “None of the countries in the region are large enough or full enough to be an ecosystem on their own,” […] October 17, 2023 Retail Food store Kibsons says IPO could be on the table Kibsons, the family-owned food delivery company in the UAE, has said a potential listing of the business is “absolutely” on the table. Launched in 2016, it processes over 35,000 orders a week. And founder and CEO Halima Jumani says they are on target to hit $100 million in turnover this year. Jumani, who co-owns the […] October 17, 2023 Analysis Trade Southeast Asia on the rise as UAE shifts trade focus Officials from the UAE are headed to Singapore as the country looks to improve ties and strengthen trade with Southeast Asia. Top officials from the Dubai Financial Market (DFM) stock exchange will arrive in Singapore on Wednesday to hold their first international investor roadshow there. The debut aims to underline DFM’s commitment to broaden its […] September 27, 2023 Posts navigation Previous 1 … 11 12 13 … 20 Next
Sustainability DFM to launch pilot for trading carbon credits Dubai Financial Market (DFM), the operator of the Dubai stock exchange, will launch a pilot programme for trading carbon credits during Cop28. The pilot programme for institutional investors starts from December 4 to 8, 2023, with the offsetting period ending on January 10, 2024, the UAE state-run Wam news agency reported. The inaugural pilot will see […] November 24, 2023
Finance Dubai Taxi’s market value forecast at $1.25bn on listing Dubai Taxi Company, a unit of the state-owned Roads and Transport Authority, has set the price range for its initial public offering (IPO) at AED1.80 to AED1.85 ($0.49 to $ 0.50) per share. This gives a market capitalisation of between AED4.5 billion and AED4.6 billion at the time of listing. The subscription period for retail […] November 21, 2023
Construction Deyaar plans new launches as profit rises three-fold Deyaar Development, majority-owned by Dubai Islamic Bank (DIB), reported a nearly three-fold rise in net profit for the third quarter on new project launches amid a recovery in the emirate’s real estate market. Net profit for the three-month period reached AED119 million ($32.41 million), compared to AED36.35 million a year earlier, the developer said in […] November 15, 2023
Finance Dubai Taxi Company to list 25% stake in IPO Dubai Taxi Company has announced plans to launch its initial public offering (IPO) after its legal status was amended to a public joint-stock company. The company will issue 624.75 million shares at a nominal value of AED 0.04 on the Dubai Financial Market, representing 24.99 percent of its total issued share capital. The subscription period […] November 13, 2023
Real Estate Emaar earnings jump 42% on back of real estate demand Shares in Emaar Properties were up 4.4 percent in trading on Friday off the back of strong financial results announced for the first nine months of the year. Dubai’s largest developer reported a 42 percent year-on-year increase in profit on higher property sales and a surge in real estate demand. The developer’s nine-month net earnings […] November 10, 2023
Construction Dubai’s Union Properties reports $5m profit for Q3 The Dubai developer Union Properties (UP) has reported a net profit of AED20 million ($5.45 million) for the third quarter of the year, backed by continued strong demand in the emirate’s real estate sector. UP, best known for its Motor City development in Dubai, transformed a AED966 million net loss in 2021 to a AED30 […] November 2, 2023
Finance DFM profit doubles to $51m as trading volume surges Dubai Financial Market (DFM) reported a 109 percent rise in net profit to AED186.2 million ($50.69 million) in the first nine months of the year, compared to AED89 million a year earlier. The profit was driven by a significant increase in trade volume and value, as well as an influx of new investors, according to […] October 31, 2023
Entrepreneurs Middle East needs to make it easier to launch startups The Middle East is a “very attractive” market for entrepreneurs but its fragmented nature is a barrier to entry, even as jurisdictions compete to attract international startups, executives said at an industry event in Dubai. “None of the countries in the region are large enough or full enough to be an ecosystem on their own,” […] October 17, 2023
Retail Food store Kibsons says IPO could be on the table Kibsons, the family-owned food delivery company in the UAE, has said a potential listing of the business is “absolutely” on the table. Launched in 2016, it processes over 35,000 orders a week. And founder and CEO Halima Jumani says they are on target to hit $100 million in turnover this year. Jumani, who co-owns the […] October 17, 2023
Analysis Trade Southeast Asia on the rise as UAE shifts trade focus Officials from the UAE are headed to Singapore as the country looks to improve ties and strengthen trade with Southeast Asia. Top officials from the Dubai Financial Market (DFM) stock exchange will arrive in Singapore on Wednesday to hold their first international investor roadshow there. The debut aims to underline DFM’s commitment to broaden its […] September 27, 2023
