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Emirates News Agency - Emirati and Saudi stock exchanges surpass Arab peers with $167 billion in gains

ABU DHABI, 27th October, 2023 (WAM) -- The financial markets of the United Arab Emirates and Saudi Arabia topped the Arab stock exchanges during the third quarter of the current year, after achieving market profits of nearly US$167 billion, according to the Arab Monetary Fund.The Fund, in its quarterly bulletin on Arab capital markets, which monitors the performance of 15 exchanges, said that the markets of the UAE achieved market gains of about $32.5 billion in the third quarter, distributed in...
United Arab Emirates Saudi Arabia Grand Casablanca Abu Dhabi Abuz Aby Amman Stock Exchange
Source: wam.ae

On the up: The macroeconomic climate is set to boost public offerings

The GCC saw a rise in initial public offerings (IPOs) in 2022 despite volatility in secondary markets, surpassing the previous yearโ€™s record high. The total number of IPOs in the region increased from 20 in 2021 to 48 in 2022, marking a 140% rise, and proceeds from GCC issuers increased by 211% from $7.5bn to
United Kingdom Ar Riya Saudi Arabia Abu Dhabi Abuz Aby United Arab Emirates

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