- Money Souk
- Archive
- Page -1
Archive
UAE Weekly Market Summary - March 11, 2024
Ramadan Kareem to all celebrants. Parkin's IPO rapidly oversubscribed, ADQ prepares Etihad Airways for IPO with top advisors, Burjeel and Yahsat profits increase, Deyaar and Yahsat announce dividends, UAE gold prices surge, major investment firms expand to Abu Dhabi, and Dubai real estate transactions just keep on growing.
UAE Weekly Market Summary - March 4, 2024
IPOs planned for Etihad Airways and Parkin, while Emirates Insurance, IHC, and Dubai Taxi report significant profit increases, Morgan Stanley and Microsoft expand UAE operations, ADNOC and Agthia Group make strategic acquisitions, and Emaar Properties launches AED 96b in projects.
UAE Markets: Weekly Summary
Dubai achieves its AED 2t non-oil foreign trade target a year early, IHC announces a AED 32.75b net profit, Emaar Properties' net profits jump 70%, Multiply Group's profits drop 98%, Abu Dhabi eyes AED 80.66b Egyptian land deal, and an AED 9b Chinese private equity firm launches in the UAE.
UAE Markets: Weekly Summary
Dubai's property market slows down, NBF reports a 113% net profit increase, Ghitha Holding sees an 87% drop, Dubai initiates a financing program for retirees, ADNOC and OMV near a joint venture with AED 73.5b turnover, and Danube Properties begins its AED 3b Bayz101 project.
UAE Markets: Week in Review
UAE’s Pure Health acquires UK's largest private hospital operator for AED 4.41 billion, Sharjah Islamic Bank posts a record 31% increase in 2023 net profits, Tumodo raises AED 128.6m in a pre-seed funding round, and RAK Properties sells-out first batch of units at Quattro Del Mar.
🪙Abu Dhabi's Murky Spinoff
Sheikh Mohammed plans to fund an AED 205.7b Dubai social agenda, Abu Dhabi to launch first Shariah-compliant India ETF, FAB and UAE agency sukuks oversubscribe, ADQ eyes a bid for Dubai's largest office tower, and questions arise over IHC Abu Dhabi's asset valuation in its AED 99.17b 2PointZero spinoff.
🪙Asset Managers Hunt for Abu Dhabi Cash
PureHealth shares soar 69%, Bayanat and Yahsat to merge into an AED 15b aerospace powerhouse, FSRA to curb crypto transaction anonymity, Mashreq Bank shareholders approve AED 9.17b Sukuk Program and the luxury Armani Residential and Ritz-Carlton Residences launch.