NASDAQ Dubai welcomes the announcement made today by Dubai Financial Market (DFM), by which DFM has made an offer to acquire NASDAQ Dubai, subject to regulatory approvals. Under the new ownership structure, DFM and NASDAQ Dubai will develop closer
Kuwait stocks retreated Monday, snapping the 6-day winning streak. The index pulled 32.8 points lower in choppy trading as profit taking weighed on select blue chips and some of the mid level stocks. Agility and Zain paced the day’s decline. The ma
The Abu Dhabi Securities Exchange general index fell another 0.77 per cent on Monday, following a nearly 1 per cent drop on Sunday. The ADX general index closed at 2,727.83, amid volume that was lower than on Sunday. The Abu Dhabi market is currently o
Dubai’s stock exchanges took their first step towards consolidation today as the Dubai Financial Market (DFM) said it will acquire Nasdaq Dubai for $121m. “With this transaction, DFM will gain a wider array of product offerings for investors and a
Dubai Financial Market said on Tuesday it has made an offer to buy Nasdaq Dubai for $121 million. "Dubai Financial Market announced today that it has made an offer to Borse Dubai and the Nasdaq OMX Group enabling DFM to buy 100 percent of Nasdaq D
Most Gulf Arab bourses fell yesterday as debt-laden group Dubai World’s meeting with creditors overshadowed trading in the UAE. Dubai’s index eased 0.2% to 1,829 points. Shuaa Capital fell 1.2%, and Du lost 1%. Emaar Properties gained 2.1% and DFM a
The Abu Dhabi Securities Exchange (ADX) tracked the Dubai bourse as it came under pressure because of the prevailing uncertainty among investors and institutions. All the sub-indices with the exception of healthcare closed in the red as the ADX ge
The Dubai Financial Market (DFM) saw lukewarm trading yesterday as investors kept their fingers crossed over the scheduled two-day meeting of Dubai World in the emirate. The market was in wait-and-watch mode as edgy players looked anxiously towards th
UAE shares were little changed on Monday as investors stayed on the fence and kept an eye on the outcome of state-owned Dubai World’s first meeting with its creditors, after it asked for more time to pay its maturing debts. Dubai index mover Emaar
Dubai stocks dropped for a third day as bankers involved in Dubai World’s debt restructuring said the holding company may not be ready to offer lenders a “standstill” agreement on $22 billion in debt today. Emirates NBD PJSC, a Dubai-gove