MIDEAST STOCKS-Property stocks lift UAE markets, Emaar surges again
Shares in Emaar, the biggest listed developer in Dubai, surged 6.7 percent on strong volume and dominated trading in the emirate. Dubai's main index rose 1.9 percent.
Emaar to list at least 15% of malls business on DFM
Dubai-based real estate developer Emaar Properties today announced its intention to proceed with the sale of existing shares in Emaar Malls Group (EMG) via an initial public offering (IPO) on the Dubai Financial Market (DFM).
UAE bourses to see additional growth in 2014
The UAE and other Gulf bourses are expected to continue their upward trend during the remainder of the year, analysts said.