Company Insights Dubai Financial Market (DFM) Markets Dubai Financial Market (DFM) News Markets DFM earnings rise 14% on robust trading volume Dubai Financial Market Company, the operator of the Dubai stock exchange, has announced a net profit increase of 14 percent year on year for 2024. The result was driven by robust trading volumes from retail and institutional investors and strong capital inflows, it said. The bottom line stood at AED376.4 million ($102.5 million) last year […] January 31, 2025 Finance Former Drake & Scull executives lose appeal in Dubai court UAE-based Drake & Scull International (DSI) has claimed a pivotal legal victory after an appeal from former executives of the company was thrown out. Ex-CEO Khaldoun Rashid Tabari and ex-executive Saleh Muradweij were previously ordered to pay almost AED152 million ($41 million) as compensation “for the material and moral damages suffered by the company”. The […] January 15, 2025 Opinion Markets UAE capital markets are well placed for a stellar year Investor confidence and strong GDP growth point to a good 2025 January 14, 2025 Logistics ADQ unit explores offer to buy Aramex stake in cash A subsidiary of Abu Dhabi Development Holding Company (ADQ), a sovereign wealth fund, intends to submit an offer to buy 100 percent of the shares in Dubai-listed logistics company Aramex not already owned by Abu Dhabi Ports Company. Shareholders accepting the offer of Q Logistics Holding, an indirect subsidiary of ADQ Development Holding, will be […] January 13, 2025 Opinion Entrepreneurs Top Middle East startup trends for 2025 Investors will continue to be hesitant, but funding activity is likely to pick up after the cut in US interest rates January 6, 2025 Finance Market cap of UAE stock markets top $1trn in 2024 The combined market capitalisation of the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) exceeded AED3.91 trillion ($1.06 trillion) in 2024, compared to AED3.65 trillion at the end of 2023. Growth was driven by a robust economy, foreign investments, and initial public offerings (IPOs), the UAE state-run Wam news agency reported. The ADX […] January 1, 2025 Opinion Energy DP World, energy and AI: five predictions for 2025 Let the guessing game begin – but no promises... December 27, 2024 Opinion Banking & Finance Bridging the missing middle of Gulf startup funding As investment opportunities multiply, there will be increasing need for intermediate growth capital December 23, 2024 Transport Bolt’s UAE arrival rattles the ride-hailing market The arrival of global ride-hailing platform Bolt in the UAE will shake up a market long dominated by Careem and Uber, the CEO of Dubai Taxi Company (DTC) said. Estonian company Bolt, which operates in more than 600 cities and is present in Saudi Arabia, launched in Dubai this month in partnership with DTC, initially […] December 20, 2024 Transport Dubai’s Parkin signs tech deal with Saudi group BATIC Parkin, the largest parking management group in Dubai, aims to expand into Saudi Arabia after signing an agreement with the Riyadh-based conglomerate BATIC. The proposed collaboration with BATIC’s Smart City Solutions subsidiary will focus on technologies to improve traffic flow. It will also enhance the parking experience for Saudi motorists, the companies said in a […] December 16, 2024 Posts navigation Previous 1 2 3 4 … 19 Next
Markets DFM earnings rise 14% on robust trading volume Dubai Financial Market Company, the operator of the Dubai stock exchange, has announced a net profit increase of 14 percent year on year for 2024. The result was driven by robust trading volumes from retail and institutional investors and strong capital inflows, it said. The bottom line stood at AED376.4 million ($102.5 million) last year […] January 31, 2025
Finance Former Drake & Scull executives lose appeal in Dubai court UAE-based Drake & Scull International (DSI) has claimed a pivotal legal victory after an appeal from former executives of the company was thrown out. Ex-CEO Khaldoun Rashid Tabari and ex-executive Saleh Muradweij were previously ordered to pay almost AED152 million ($41 million) as compensation “for the material and moral damages suffered by the company”. The […] January 15, 2025
Opinion Markets UAE capital markets are well placed for a stellar year Investor confidence and strong GDP growth point to a good 2025 January 14, 2025
Logistics ADQ unit explores offer to buy Aramex stake in cash A subsidiary of Abu Dhabi Development Holding Company (ADQ), a sovereign wealth fund, intends to submit an offer to buy 100 percent of the shares in Dubai-listed logistics company Aramex not already owned by Abu Dhabi Ports Company. Shareholders accepting the offer of Q Logistics Holding, an indirect subsidiary of ADQ Development Holding, will be […] January 13, 2025
Opinion Entrepreneurs Top Middle East startup trends for 2025 Investors will continue to be hesitant, but funding activity is likely to pick up after the cut in US interest rates January 6, 2025
Finance Market cap of UAE stock markets top $1trn in 2024 The combined market capitalisation of the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) exceeded AED3.91 trillion ($1.06 trillion) in 2024, compared to AED3.65 trillion at the end of 2023. Growth was driven by a robust economy, foreign investments, and initial public offerings (IPOs), the UAE state-run Wam news agency reported. The ADX […] January 1, 2025
Opinion Energy DP World, energy and AI: five predictions for 2025 Let the guessing game begin – but no promises... December 27, 2024
Opinion Banking & Finance Bridging the missing middle of Gulf startup funding As investment opportunities multiply, there will be increasing need for intermediate growth capital December 23, 2024
Transport Bolt’s UAE arrival rattles the ride-hailing market The arrival of global ride-hailing platform Bolt in the UAE will shake up a market long dominated by Careem and Uber, the CEO of Dubai Taxi Company (DTC) said. Estonian company Bolt, which operates in more than 600 cities and is present in Saudi Arabia, launched in Dubai this month in partnership with DTC, initially […] December 20, 2024
Transport Dubai’s Parkin signs tech deal with Saudi group BATIC Parkin, the largest parking management group in Dubai, aims to expand into Saudi Arabia after signing an agreement with the Riyadh-based conglomerate BATIC. The proposed collaboration with BATIC’s Smart City Solutions subsidiary will focus on technologies to improve traffic flow. It will also enhance the parking experience for Saudi motorists, the companies said in a […] December 16, 2024
