The Abu Dhabi Government’s relief package of US$10 billion (Dh36.7bn) for Dubai World injected confidence yesterday into stock markets, sending local shares soaring and moving stocks upwards from Hong Kong to New York. Indexes across Asia posted ga
Dubai’s benchmark stock index may rise another 10 percent by year-end after Abu Dhabi, the oil- rich neighboring emirate, provided $10 billion to help Dubai World avoid default, according to Arqaam Capital Ltd. The Dubai Financial Market General Ind
Abu Dhabi’s surprise $10bn bailout of debt-laden neighbour Dubai lifted most Gulf Arab bourses to milestone gains yesterday. Dubai’s reprieve also pushed world stocks higher, oil pared early losses and the dollar retreated as risk appetite improv
The UAEs stock markets skyrocketed yesterday amid an unprecedented display of bullishness after the Dubai Government eased investors concerns by announcing a comprehensive plan to manage the restructuring of Dubai World. The Dubai Financial Market
Abu Dhabis surprise $10 billion bailout of debt-laden neighbor Dubai lifted most Gulf Arab bourses to milestone gains yesterday. Dubais reprieve also pushed world stocks higher, oil pared early losses and the dollar retreated as risk appetite imp
The positive sentiment on the Dubai bourse spread to the Abu Dhabi Securities Exchange (ADX) yesterday as both markets witnessed a strong uptrend. The ADX general index soared 207.23 points, or 7.93 per cent, to 2821.11. The situation at the Dubai
Trading on UAE bourses is almost at a standstill, with stocks at limit-up and investors unwilling to sell after Abu Dhabis $10 billion support to Dubai. This injection will help Dubai meet its debt obligations. "We had such a significant corre
Dubais stock market opened up 10.10 per cent on Monday after the government said it will pay $4.1 billion to cover Islamic bonds issued by its Nakheel property developer. The Dubai Financial Market index gained 171 points to 1,866.80, with all sectors
The Kuwait Stock Exchange (KSE) ended yesterdays trading session on a positive note backed by news that Abu Dhabi agrees to a surprise $10bn bailout to help Dubai meet its debt obligations. Global General Index (GGI) added 0.61 points (+0.33 perc
The UAE shares jumped across the board on Monday as investors cheered Abu Dhabi’s $10-billion financial support fund to Dubai that will enable property developer Nakheel PJSC to repay its $4.1 billion Islamic bond. Both bourses posted their bigges