Outside the Gulf, Egypt’s blue-chip index ‘EGX30’ gained 0.7 per cent as Middle East market performance remains mixed
Stock Markets
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Arab stock markets
UAE holiday dates; 4-day week in Dubai; Saudi labour law changes; UAE casino update – 10 things you missed this week
UAE holidays, 4-day working week, Saudi labour laws, Ras Al Khaimah casino update, Mo Vlogs and more top stories this week
market meltdown
Markets meltdown: 5 reasons why stocks crashed in ‘perfect storm’ of AI, rate hikes and jobs fears
A perfect storm of financial circumstances led to global markets meltdown said Saxo Bank’s Chief Investment Strategist
Brandon Tepper
Do online trading platforms in the Middle East respond to the needs of an increasingly demanding retail investor base?
As financial literacy improves, especially among newer investors, their demands for more sophisticated information will also grow
eToro
US tech stocks – Will the boom continue?
Tech stocks, with their strong financial positions, adaptability, and innovative capabilities, have become a source of safety for investors
Abdulla Salem Al Nuaimi
ADX and LuxSE collaborate to boost accessibility for investors in Europe and the Middle East
It forms a framework for cooperation between the institutions and facilitates dual listing of a broad range of financial instruments
GCC stock market
GCC stock prices jump on US debt deal news
The Saudi benchmark index rose 1.9 percent on Sunday, supported by gains of 2.5 percent in Al Rajhi Bank and 3.8 percent in Riyad Bank
fintech
Global investment platform XTB to expand its investment operations in MENA region
The move also comes on the back of the rising popularity of investments based on stocks and ETFs in the region
Abu Dhabi Securities Exchange
Abu Dhabi stock exchange: $4.2bn of major deals in 2023
10 bumper deals on Abu Dhabi exchange have seen more than $4.2bn of shares change hands so far this year
Capital Markets
UAE Financial Markets Association signs pact with ICMA to boost bilateral cooperation
The agreement also covers exchange of expertise and information on regulatory developments and international best practices in the financial markets sector
Abu Dhabi
Abu Dhabi bourse partners with TradingView to attract global investors
The regional stock exchange’s market data can be accessed by local, regional and international investors via the US-based financial information portal
Cyberspace Administration of China (CAC)
China fines ride-hailing giant Didi a whopping $1.2 billion for breaking data security laws
The Cyberspace Administration of China said the ride-hailing company violated laws relating to network security, data security and personal information protection
DFM
Union Coop shares fall 10 percent in early trading after DFM debut
One of the biggest supermarket chains in Dubai, Union Coop earlier announced the listing amid a spate of initial public offerings in the region’s capital market scene
consumer price index
Surging inflation rate in US sparks fear of recession
The 9.1 percent increase was the highest in almost 40 years, prompting fears that rates will be hiked by almost 1 percent; Biden says data is “out of date”
Capital Markets
Supermarket Union Coop to list on Dubai bourse in UAE’s latest IPO craze
Earlier this year, the UAE approved a decision to allow cooperative associations to trade their shares on local financial markets
bonds
Seven key steps to survive the volatile financial market
How can investors keep their cool in 2022, which has witnessed the worst start to an equity market since 1962?
Abu Dhabi
Abu Dhabi Securities Exchange and Bahrain Bourse talk over strategic partnership plans
The two stock exchanges met this week about achieving greater cross-border cooperation