Abu Dhabi and Dubai indices close lower on Friday but post positive weekly performance amid oil price rebound
Markets
Gold surges past $4,500 to record high as silver and platinum hit new peaks
Gold hits a record above $4,500 an ounce as silver and platinum also reach all-time highs, marking strongest annual gains since 1979
UAE’s Borouge gets included in FTSE ADX Dividend Stars Index
It is the first income-focused index of its kind in the region, highlighting companies with a consistent track record of dividend distribution
MO Group to double exports to $12m and expand into biscuits and chocolate ahead of 2026 IPO
MO Group plans to double exports to $12m, enter biscuits and chocolate production, boost capacity and move ahead with a 2026 IPO
IHC boosts Invictus Investment stake with $114.3m share acquisition
IHC has increased its stake in Invictus Investment Company to around 40 per cent through a $114.3m big block trade
Interactive Brokers joins ADX in latest push to expand global investor access
Move strengthens Abu Dhabi Securities Exchange’s strategy to deepen liquidity and widen international participation across all listed securities
UAE’s SCA cracks down on market risks with new digital watchdog system
Smart risk-assessment tech will help the UAE regulator spot threats faster, cut red tape and boost investor protection
ADX launches new dividend index to widen investor options
FTSE ADX Dividend Stars Index aims to boost market visibility and provide access to high-yield stocks
Amanat’s Almasar Alshamil debuts on Tadawul after successful IPO
Listing follows heavy investor demand and marks the latest milestone in Amanat’s ongoing asset monetisation strategy
ADX lists new ETF giving investors access to global AI growth leaders
Boreas S&P AI Data, Power & Infrastructure UCITS ETF is the region’s second thematic ETF, expanding Abu Dhabi’s role as a hub for innovative investment products
Nvidia continues to dazzle Wall Street as profit jumps 65% to $31.9bn for Q3
Revenue in its recent quarter rose to $57bn as CEO Huang brushes off the fears of an AI bubble, citing new applications the technology is getting into
Dubai Investments 9M pre-tax profit jumps 59% to AED1.1bn
Dubai Investments has reported a 59% year-on-year rise in profit before tax to AED 1.1 billion for the nine months to September 2025, driven by growth in real estate, manufacturing and investments
Lulu Retail appoints Al Ramz Capital as liquidity provider on ADX
New agreement aims to enhance trading activity, improve liquidity and strengthen investor confidence in Lulu Retail’s shares listed on the Abu Dhabi Securities Exchange
Salik 9M profits surge 39% YoY
Dubai’s toll operator posted AED 2.28 billion in revenue and AED 1.14 billion in net profit for the first nine months of 2025, driven by higher traffic volumes, new gates and smart mobility partnerships
Dubai’s DEWA posts record 9-month revenue of AED25bn, operating profit up 22%
DEWA CEO Saeed Mohammed Al Tayer says full-year 2025 earnings are expected to surpass last year’s performance
UAE investors can now earn from their shares under new eToro feature
Trading platform eToro has launched a new stock lending feature in the UAE that lets users earn extra income by lending out shares they already own – a service previously limited to large financial institutions