Page 36 - Emaar Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Dubai: In the past many months, almost since 2021 began, there have been several mentions of the word ‘SPAC’ in the world of business and investments. So there is a need to de-jargonise what it means to an average stock market investor. With the recent developments surrounding SPACs, it is now commonly referred to among analysts as ‘a 2020s echo of the dot-com mania of the 1990s’ – making it a concept that sparks investor attention and drives a need to know about it in detail as a possible investment opportunity. But first, what is a SPAC? What is a SPAC? A special purpose acquisit...

Abu Dhabi stocks rallied for a fifth day, following market advances elsewhere with investors betting that the US' $2 trillion infrastructure investment plan is going to have a positive knock-on impact. But the gains were capped by a number of stocks trading ex-dividend. Abu Dhabi Securities Exchange put on 0.7 per cent to 5,953 points after trading in the red for a few minutes after the opening. But soon, advances for Etisalat and International Holding overpowered the weakness in ex-dividend trading stocks. The telco gained 1.4 per cent, extending its gains for a fourth day. It has traded l...

Abu Dhabi and Dubai stocks ended the week on a high note with high-profile stocks leading, while petrochemical stocks pushed down the Saudi index ahead of an OPEC+ announcement on oil output guidance for the weeks ahead. Abu Dhabi Securities Exchange gained 0.5 per cent to 5,942 points in what was its fifth rise in as many days, which helped the index close out the best week in months with a 3.8 per cent gain. Gulf Pharmaceutical Industries advanced a further 2.5 per cent after posting massive gains in recent trades, which followed its signing of a deal to manufacture COVID-19 vaccine. Oth...

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Dubai: Saud Arabian stocks dropped in early trade on Wednesday in line with other GCC stock markets which pulled back after a recent rally made a point for investors to encash their positions. But Saudi's dairy company Almarai extended its gains after acquiring Bakemart in UAE and Bahrain. Saudi Arabia's benchmark index dropped 0.3 per cent to 9,631 points under pressure from a wide sell-off. But the gauge was pushed lower the most by banking and petrochemical stocks with Al Rajhi Bank, Riyad Bank, Sabic and Saudi Kayan all dropping. Investors cheer acquisition However, Almarai shares appreci...