Brokerage companies at the Dubai Financial Market (DFM) added 26,953 new investor accounts in the first half of 2023.
The market reportedly witnessed significant momentum since the listing of 10 governmental and semi-governmental companies, including the Dubai Electricity and Water Company (DEWA), the TECOM Group, Union Coop, Salik, and Al Ansari, among others.
The number of new investor accounts at DFM grew by over 48 per cent during the first five months of this year, compared to 18,204 new accounts in the same period in 2022.
According to DFM-released data, 4,246 accounts were added in June; 5,349 added in May; 4,246 in April; 6,591 in March; 3,436 in February; and 3,082 in January.
US President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminium to 50 per cent from 25 per cent, ratcheting up pressure on global steel producers and deepening his trade war.
A federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a US trade court ruled that he had exceeded his authority in imposing the duties and ordered an immediate block on them.
Dubai’s real estate market is embracing tokenisation, with over 6,000 people joining the waitlist for Prypco Mint, a new platform that lets users buy fractional shares of property through secure digital tokens.
The Abu Dhabi Department of Energy (DoE) has announced its comprehensive strategic framework for the energy and water sector up to 2050, at the World Utilities Congress, hosted at ADNEC in the capital.
The Central Bank of the UAE (CBUAE), on Thursday, fined an unnamed exchange house AED100 million due to what it called significant failures in the company's regulatory framework.
Dubai’s Roads and Transport Authority (RTA) announced on Saturday an integrated urban project to upgrade Umm Suqeim Street, from its intersection with Jumeirah Street to Al Khail Road.