UAE capital markets: $490mln liquidity driven by real estate, banking blue chips
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ABU DHABI, 4th January, 2022 (WAM) -- Abu Dhabi bourse today retreated 0.65 percent to 8,409 pts, while Dubai Financial Market edged up 0.79 pct to 3,216 pts driven by the real estate and banking blue chips. DFM-listed Emaar Properties climbed 0.82 pct; Emaar Development 0.45 pct; Union Properties 0.31 pct; and Deyaar Development 0.02 pct. Emirates NBD rallied 1.1 pct, followed by Dubai Islamic Bank, 0.92 pct, while GFH soared 11.57 pct. The upbeat sentiments in Dubai earned the bourse gains of over AED3...
This follows stepping down of Badr Hareb from the role
Hareb was appointed to the role in 2018
WSP, a leading professional services consulting firm, has announced the topping out of Emaar's Opera Grand tower in Dubai. A 72-storey building, it boasts a mix of one-, two-, three-, four and five-bedroom apartments, as well as podium-level townhouses.