Markets

UAE’s NCHT allows foreigners to own 49% of its shares

Eligibility includes any natural or legal person, whether a UAE citizen or not

Dubai’s Salik turns into a joint stock company ahead of potential IPO

As per the law, Dubai’s government owns all of the company's shares

Tecom set price range for IPO at 2.46 to 2.67 dirhams per share

Subscription for 625 million shares began today on DFM

5 Gulf countries follow the “Fed”, raise interest rates

Saudi made a smaller increase after slight inflation slowdown

The Fed announces a significant increase in interest rates by 75 basis points

It’s in response to high inflation, volatile financial markets

Global Financial Markets in Brief week June 7

US inflation figures fluctuate market expectations... and cryptocurrencies crashing

Global markets’ sell-offs inflict significant losses

Blame the release of the recent US inflation report

DFM launches new equity futures on stocks of DEWA, GFH

This is part of DFM’s strategy to diversify investment opportunities

PIF-backed Americana plans $1 bn IPO

The company added Morgan Stanley to IPO

Tomorrow’s ECB meeting prepares for a “slow and steady” rate increase

Banks are charged a negative 0.5% fee on their central bank deposits

Egypt’s central bank expands gold holdings in 2022

The amount of gold in the Egypt's Central Bank increased by 54%

Nasdaq Dubai lists Indonesian Sukuk tranches valued at $3.25bn

New listing increases the value of Sukuk listed by Indonesia to $22bn

The shares of “Ali Al-Ghanim” company began trading on KSE

The first Gulf family car company to be publicly traded

DeFi-driven speculation pushes DEXs’ transaction volumes past those on CEXs

15 months ago, DEXs first eclipsed CEXs in on-chain transaction volumes

Global Financial Markets in Brief week of June 1

US Treasury yields at their highest level in 2 weeks following jobs’ data

ADX in London to attract foreign investment

ADX and 9 listed companies to meet with major investment institutions

FTSE Global Equity Index Series welcomes Abu Dhabi’s Multiply Group

The inclusion comes into effect on Monday 20 June 2022

Borouge shares list, trade today on ADX

IPO raised $2 bn, ADX's biggest

Oil drives Middle East IPOs to achieve best semi-annual performance ever

IPOs fetched $11.4 billion in the first 5 months of 2022