Trading in a range between 1,640 -1,680 during the session on Monday, the Dubai Financial Market (DFM) General Index eventually ended half a percent higher at 1,668 points. Emaar fell 0.33% to Dh3.05. Real estate maintenance specialist Drake and Scull International or DSI surged one percent to reach Dhs1.02. Earlier in the day, DSI announced it has recently been awarded a Dhs135m ($36.8m) contract to provide turnkey MEP solutions to a project in Jeddah, Saudi Arabia, - the Assila Towers, which consists of a 5-star hotel and serviced apartments operated by Rocco Forte Hotels (RFH). The project is expected to be completed in 2013. Eighteen shares advanced, while 11 declined. Some 271.31m stocks were traded, valued at Dhs330m.
Saudi economy ‘dependent on Indian workers’
Enhanced strategic ties and defence cooperation will encourage Indians and Saudis to boost two-way investments, which are currently far below the potential, the Saudi-India business council chief has
Rift with Qatar has little effect on Tadawul
The row between Qatar and its Gulf neighbors has done little to dampen Saudi Arabia’s stock market, with the Tadawul All Share Index rising 1 percent to a near six-year high as banking and retail sec
Malaysia attracts over 170,000 Gulf visitors
Malaysia attracted over 170,000 visitors from the Gulf countries in 2013.
Tourism industry sources told Arab News that overall the industry performed above expectations in 2013, with tourist receip