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    World shares climb on Fed cut bets, China gains; yen weakens

    World shares climb on Fed cut bets, China gains; yen weakens

    06 May 2024

    US stocks looked to open higher on renewed bets that the Federal Reserve would likely ease interest rates this year, while the yen weakened after a strong surge last week...

    Dubai Financial Market unveils new digital platform, app ‘iVestor’

    Dubai Financial Market unveils new digital platform, app ‘iVestor’

    04 May 2024

    The Dubai Financial Market (DFM) announced the launch of the upgraded stand-alone iVestor App, a digital platform set to offer digital financial management for investors. The iVestor app allows direct...

    Investors bet weaker US payrolls spur more Fed interest rate cuts

    Investors bet weaker US payrolls spur more Fed interest rate cuts

    03 May 2024

    Global shares rose on Friday as investors bet that news of slower-than-expected US non-farm payrolls jobs growth would give the Federal Reserve more reason to cut interest rates later...

    TECOM reports Dhs293 million net profit in first quarter

    TECOM reports Dhs293 million net profit in first quarter

    03 May 2024

    TECOM Group on Friday announced a 15 per cent year-on-year (YoY) increase in net profit to Dhs293 million for the three-month period ended March 31st, 2024 (Q1). EBITDA for the...

    Dubai Financial Market, SIX forge partnership to market accessibility

    Dubai Financial Market, SIX forge partnership to market accessibility

    03 May 2024

    The Dubai Financial Market (DFM) and SIX, the Swiss Financial Market Infrastructure Group, announced the signing of a collaboration agreement during the second edition of the Capital Market Summit. The...

    UK’s FTSE 100 hits record highs on Anglo- American boost

    UK’s FTSE 100 hits record highs on Anglo- American boost

    03 May 2024

    Britain’s FTSE 100 hit a record high on Friday, boosted by Anglo-American after Reuters reported Glencore is exploring an approach for the miner, while Diageo advanced after naming a new...

    Apple unveils $110 billion buyback

    Apple unveils $110 billion buyback

    03 May 2024

    Apple’s quarterly results and forecast beat modest expectations, as the iPhone maker unveiled a record share buyback programme. Apple increased its cash dividend by 4 per cent and authorised an...

    Local markets record liquidity of Dhs24.3b

    Local markets record liquidity of Dhs24.3b

    30 Apr 2024

    The local stock markets witnessed trading activity with a liquidity of nearly Dhs24.3 billion, primarily focused on real estate, financial, and banking sectors. The liquidity was distributed with approximately Dhs17.2...

    Pakistan benchmark share index extends rally, breaches 73,000

    Pakistan benchmark share index extends rally, breaches 73,000

    29 Apr 2024

    Pakistan's benchmark share index breached the key level of 73,000 to trade at a record high of 73,300 in early trade on Monday, according to data from the Pakistan...

    UAE DoF announces Abu Dhabi issuance of $5b treasury bonds

    UAE DoF announces Abu Dhabi issuance of $5b treasury bonds

    25 Apr 2024

    The Department of Finance - Abu Dhabi (DoF) announced that the emirate of Abu Dhabi has issued $5 billion USD-denominated bonds across three maturity periods. The issuance successfully attracted strong...

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