New UAE law allowing sell downs to boost listings, private equity
The Ministry of Economy published new rules allowing firms in the UAE to use existing shares when listing on local exchanges or raising fresh equity capital.
Upgrade or no upgrade, UAE and Qatar keep frontier investor fanbase
Despite their recent upgrade to the more mainstream emerging market league, United Arab Emirates and Qatar are considered risky enough by many investors that they still treat them like frontier markets.
DFM index gains 1.49% as ADX rises 0.62%
The Dubai Financial Market (DFM) index climbed 1.49% on Thursday to end the day’s trade at 4,575.09, while the Abu Dhabi Securities Exchange (ADX) general index went up 0.62% to reach 4,847.14.