Page 13 - Emaar Development News Today

After heavy sell-offs Sunday, UAE stocks make across-the-board gains on DFM and ADX

Real estate sector will contribute USD 1 trillion by 2030 to the GDP Dubai, United Arab Emirates NewsVoir Mr. Kunal Kumar, Joint Secretary and Mission Director Smart Cities Mission, Ministry of Housing and Urban Affairs, Government of India, today said that India needs around USD 700 billion of investment from 2021 to 2031 to boost its urban infrastructure services like Urban Mobility, Affordable Housing, Water Security, Clean India Mission and Smart Cities Mission.

Most stock markets in the Gulf closed lower on Sunday, with the Saudi index ending five sessions of gains, although the Abu Dhabi index bucked the trend to finish higher.

The Saudi index led the rise in most of the major stock exchanges in the Gulf, during the weekend session, despite the continued decline in crude oil - Report on The Eastern Herald

(Bloomberg) — Stocks listed in Egypt led gains in the Middle East on Sunday as they catch up with regional and global markets. The benchmark EGX 30 Index…

Emaar now has a robust sales backlog of Dh27.57 billion

The first-half sales represent a 229 per cent increase compared to the first-half 2020 property sales of Dh5.120 billion

Abu Dhabi stocks closed at a record high on Wednesday, lifted by extended gains in International Holding (IHC) after the conglomerate delivered strong first-half numbers earlier this week.

Emaar now has a robust sales backlog of Dh27.57 billion

‘Sell in May and go away…" is the famous financial world adage. But it didnt work with UAE stocks this year. The saying suggests that stocks tend to underperform in May – this year, however, DFM rallied a stellar 7.37 per cent and ADX gained 8.46 per cent. The gains on DFM were powered by an 8.43 per cent rally for Emirates NBD and an 8.54 increase at Dubai Islamic Bank. First Abu Dhabi Bank, with a weightage of almost 40 per cent in ADX, jumped 16.43 per cent, helping the index close hig...