Posts filtered by tags: Abu Dhabi Securities Exchange ADX[x]


 

MIDEAST STOCKS #Saudi outperforms major Gulf bourses after IMF forecast | Reuters

MIDEAST STOCKS Saudi outperforms major Gulf bourses after IMF forecast | Reuters Most major stock markets in the Gulf were little changed on Wednesday, amid inflation fears, while the Saudi index outperformed the region after the International Monetary Fund raised its economic growth forecast.Investors are worried about the economic slowdown and inflation, which is proving less temporary and could entail central banks to take action earlier than expected, said Wael Makarem, senior market s...
Tags: Travel, Saudi Arabia, Dubai, International Monetary Fund, Abu Dhabi, Imf, Gulf, Reuters, DP World, Emaar, Tasi, Rupert Neil Bumfrey, Industries Qatar, QSI, Gulf Egypt, Abu Dhabi Securities Exchange ADX


#AbuDhabi launches 5 billion dirham IPO fund -media office | Reuters

Abu Dhabi launches 5 billion dirham IPO fund -media office | Reuters Abu Dhabi's Supreme Council for Financial and Economic Affairs on Tuesday launched a 5 billion dirham ($1.4 billion) IPO fund to strengthen the Abu Dhabi Securities Exchange (ADX) as a leading stock market, the emirate's media office said in a tweet.The IPO fund will invest in five to 10 private companies per year, with a focus on small and medium enterprises (SMEs). It will have a target ticket size of between 10% and 40% of...
Tags: Travel, Abu Dhabi, Gulf, Reuters, Abu Dhabi National Oil Co ADNOC, Rupert Neil Bumfrey, Mubadala, Abu Dhabi Securities Exchange ADX


Outlook: #UAE stock markets to remain positive, barring virus resurgence | ZAWYA MENA Edition

Outlook: UAE stock markets to remain positive, barring virus resurgence | ZAWYA MENA Edition Stock markets in the UAE will continue to perform well, provided there is no resurgence of coronavirus cases, Abu Dhabi-based asset management firm Chimera Capital said in a bourse filing to the Dubai Financial Market (DFM) on Monday. Chimera had reported “growing interest” from investors looking to capitalize on the UAE economy’s strong prospects, with its S&P UAE Exchange Traded Fund (ETF) surpassing...
Tags: Travel, Abu Dhabi, Uae, Dubai Financial Market DFM, Rupert Neil Bumfrey, DFM, Abu Dhabi Securities Exchange ADX, Chimera Capital


MIDEAST STOCKS #Saudi drives most Gulf bourses higher; Qatar dips | Reuters

MIDEAST STOCKS Saudi drives most Gulf bourses higher; Qatar dips | Reuters Most stock markets in the Gulf ended higher on Sunday, with the Saudi index leading the gains, reflecting a positive tone following the annual central banks' symposium and a rise in oil prices."GCC markets should progress in positive territory this week as they react to the U.S. Federal Reserve chairman intervention at the Jackson Hole symposium on Friday," said Wael Makarem senior market strategist at Exness."Inves...
Tags: Travel, Saudi Arabia, Qatar, GCC, Dubai, Abu Dhabi, Gulf of Mexico, Jackson Hole, Gulf, Reuters, U S Federal Reserve, Adi, Emaar, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank


MIDEAST STOCKS #Saudi index leads most Gulf bourses higher | Reuters

Most stocks in the Gulf region rose in early trade on Sunday, with the Saudi index leading the way while Qatar bucked the trend with a 0.2% decline.Saudi Arabia's benchmark index (.TASI) gained 0.3% as Al Rajhi Bank (1120.SE) rose by 0.8% and Saudi National Bank (1180.SE), the kingdom's biggest lender, adavnced by 0.3%.Brent crude oil futures rose $1.63, or 2.3%, to settle at $72.70 a barrel on Friday for the biggest weekly gain in more than a year as energy companies began shutting U.S. product...
Tags: Travel, Saudi Arabia, Wam, Qatar, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Gulf of Mexico, Gulf, Reuters, Qatar National Bank, Emaar, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank


#Dubai and #AbuDhabi bourses to extend trading hours from October | ZAWYA MENA Edition

Dubai and Abu Dhabi bourses to extend trading hours from October | ZAWYA MENA Edition The Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) will both extend its trading hours by one hour starting 3 October 2021, the exchanges said in separate statements on Saturday.The new initiative is expected to attract more investors as well as increase liquidity in the market.Hassan Al Serkal, CEO of the DFM said: “The new initiative will further strengthen the leading position of t...
Tags: Travel, Dubai, Abu Dhabi, Rupert Neil Bumfrey, DFM, Abu Dhabi Securities Exchange ADX


#AbuDhabi bourse to cut trading commissions by 50%, extend trading hours | Reuters

Abu Dhabi bourse to cut trading commissions by 50%, extend trading hours | Reuters The Abu Dhabi Securities Exchange (ADX) said on Saturday it has cut its trading commissions by 50% and will extend its trading hours by one hour from Oct. 3.The trading fees will be reduced to 0.025% from 0.05% from Sept. 1, the exchange's second commission cut this year and the third in three years, it said in a statement.The trading hours extension should bring ADX into line with the operating hours of many ex...
Tags: Travel, Abu Dhabi, Reuters, Rupert Neil Bumfrey, Abu Dhabi Securities Exchange ADX


#UAE's ADNOC Distribution will be included in FTSE Emerging Markets Index | ZAWYA MENA Edition

UAE's ADNOC Distribution will be included in FTSE Emerging Markets Index | ZAWYA MENA Edition Abu Dhabi’s ADNOC Distribution will be included in the FTSE Emerging Markets (EM) Index, from 16 Sept. 2021, after final confirmation by FTSE on 6 Sept.The inclusion is expected to increase the attractiveness of ADNOC Distribution’s shares to potential international investors and further diversify its overall investor base and attract foreign inflows, Abu Dhabi Securities Exchange (ADX) listed company...
Tags: Travel, ADNOC, Rupert Neil Bumfrey, Morgan Stanley Capital International MSCI, Abu Dhabi Securities Exchange ADX, Adnoc Distribution, MENA Edition Abu Dhabi


#AbuDhabi's Reem Investments to raise $1.6bln debt, fresh equity  | ZAWYA MENA Edition

Abu Dhabi's Reem Investments to raise $1.6bln debt, fresh equity  | ZAWYA MENA Edition UAE-listed Reem Investments is looking to raise 6 billion dirhams ($1.6 billion) in debt and fresh equity to fund new real estate developments, according to a bourse filing on Wednesday.The company’s real estate arm, Reem Developments, currently has two mega projects, a 16-million-square-foot township in Najmat and another mixed-use project in Rawdhat which will target more than 18,000 residential and commer...
Tags: Travel, Abu Dhabi, Reem, Yas Island, Rupert Neil Bumfrey, Aldar, Abu Dhabi Securities Exchange ADX, Reem Investments, MENA Edition UAE, AbuDhabi s Reem Investments, Reem Developments, Najmat, Rawdhat, Najmat Reem Island, Najmat The UAE


IHC to list three subsidiaries on #AbuDhabi's ADX Second Market in Q2 2021 | ZAWYA MENA Edition

IHC to list three subsidiaries on Abu Dhabi's ADX Second Market in Q2 2021 | ZAWYA MENA Edition Three subsidiaries of Abu Dhabi Securities Exchange (ADX)-listed International Holding Company (IHC) will be listed on the exchange’s Second Market commencing in Q2 2021. The listing will create an attractive opportunity for current and new investors to take part in the growth of the companies, as well as benefitting IHC as a result of increased profile raising and higher visibility from these compa...
Tags: Travel, UK, New York, Sudan, Abu Dhabi, ESG, Uae, Mohammed bin Zayed, IHC, Darfur Sudan, Field Hospital, SpaceX Elon Musk, Rupert Neil Bumfrey, Abudhabi, Abu Dhabi Securities Exchange ADX, Abu Dhabi Securities


#UAE's energy producer Dana Gas mulls sale of treasury shares | ZAWYA MENA Edition

UAE-listed Dana Gas, the largest private sector natural gas company in the Middle East, has confirmed it is considering some options to raise funds.The energy company’s board of directors is scheduled to meet on March 21 to take up a proposal to sell treasury shares in the market, a bourse filing to the Abu Dhabi Securities Exchange (ADX) on Tuesday said.No further details were disclosed regarding the plan.The energy producer had earlier revealed plans to boost its capacity in the Kurdistan Regi...
Tags: Travel, Iraq, Egypt, Middle East, Uae, Reuters, Kurdistan Region, Dana Gas, Rupert Neil Bumfrey, Abu Dhabi Securities Exchange ADX, Patrick Allman Ward, KRI Egypt


#AbuDhabi's ADQ lines up banks for $1 billion Louis Dreyfus acquisition loan - sources | Reuters

Abu Dhabi's ADQ lines up banks for $1 billion Louis Dreyfus acquisition loan - sources | Reuters The Abu Dhabi Securities Exchange (ADX) has asked companies to produce their audited annual financial report on time.ADX said in a circular on Tuesday that the report should be approved by the board of directors of the company and submitted within three months after the end of a financial year.The exchange also reiterated that board members and insiders will be automatically prevented from trading un...
Tags: Travel, Abu Dhabi, Reuters, Louis Dreyfus, Rupert Neil Bumfrey, Securities and Commodities Authority, Abu Dhabi Securities Exchange ADX


ADX requires companies to produce annual financial report on time | ZAWYA MENA Edition

ADX requires companies to produce annual financial report on time | ZAWYA MENA Edition The Abu Dhabi Securities Exchange (ADX) has asked companies to produce their audited annual financial report on time.ADX said in a circular on Tuesday that the report should be approved by the board of directors of the company and submitted within three months after the end of a financial year.The exchange also reiterated that board members and insiders will be automatically prevented from trading until the re...
Tags: Travel, Rupert Neil Bumfrey, Securities and Commodities Authority, Abu Dhabi Securities Exchange ADX


ADX plans new listings, derivatives trading in drive to double market cap | ZAWYA MENA Edition

ADX plans new listings, derivatives trading in drive to double market cap | ZAWYA MENA Edition The Abu Dhabi Securities Exchange (ADX) plans to double market capitalisation over the next three years by increasing liquidity and improving market efficiency, the exchange said in a statement Wednesday.A new strategy called “ADX One”, which includes new listings, launch of derivatives trading and research coverage, aims to adopt best international practices and make the exchange more attractive for f...
Tags: Travel, Saudi Arabia, Etisalat, Rupert Neil Bumfrey, First Abu Dhabi Bank, Abu Dhabi Securities Exchange ADX


Number of foreign investors surges in #AbuDhabi's ADX - Arabianbusiness

Number of foreign investors surges in Abu Dhabi's ADX - Arabianbusiness:The number of non-UAE nationals who acquired an investor number at the Abu Dhabi Securities Exchange (ADX) went up by 25 percent in the first half of the year, ADX said in a statement.In a performance update on the six months ending on June 30, ADX also said that three ADX-listed companies raised foreign ownership limits to 49 percent, while one increased to 40 percent, adding AED 6.3 billion of stock in these companies acce...
Tags: Travel, Abu Dhabi, Rupert Neil Bumfrey, Abudhabi, Abu Dhabi Securities Exchange ADX


#AbuDhabi Securities Exchange temporarily closes trading halls over coronavirus - Reuters

Abu Dhabi Securities Exchange temporarily closes trading halls over coronavirus - Reuters:The Abu Dhabi Securities Exchange (ADX) said on Sunday it was temporarily closing all its trading halls until further notice due to the global coronavirus outbreak.The ADX said in a statement it was closing trading halls at its main offices in Abu Dhabi and in other emirates as a precautionary measure to protect public health in the United Arab Emirates (UAE).The UAE has registered 86 cases of the new coron...
Tags: Travel, Abu Dhabi, Reuters, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, Abu Dhabi Securities Exchange ADX, United Arab Emirates UAE The UAE, AbuDhabi Securities Exchange


#Dubai’s DFM ekes out gains as #AbuDhabi’s ADX slips | Markets – Gulf News

Dubai’s DFM ekes out gains as Abu Dhabi’s ADX slips | Markets – Gulf News:The main benchmark on the Dubai bourse ended marginally higher on Tuesday, as gains recorded by banking stocks were almost nulled by declines in the real estate sector. The top index on the Dubai Financial Market (DFM) edged up 0.1 per cent at 2,854.92 points in light trade, while the Abu Dhabi Securities Exchange (ADX) slipped 0.5 per cent to 5,184.53.While real estate blue-chip Emaar Property slipped 0.2 per cent, top le...
Tags: Travel, Dubai, Abu Dhabi, Emirates NBD, Dubai Financial Market DFM, Rupert Neil Bumfrey, Dubai Islamic Bank, DFM, Abu Dhabi Securities Exchange ADX, Emaar Property


Derivatives: Gulf's nascent futures market still needs to develop | ZAWYA MENA Edition

Derivatives: Gulf's nascent futures market still needs to develop | ZAWYA MENA Edition:With the Dubai and Abu Dhabi equity markets having lost ground in the second half of 2018, this should have provided fertile ground for investors to use equity shorts to hedge their portfolios.Indeed, in November, futures volumes on the Nasdaq Dubai jumped 119 percent compared with the previous month, to 20.48 million United Arab Emirates dirhams ($5.6 million). But given that the combined turnover of stocks o...
Tags: Travel, United Arab Emirates, Dubai, Abu Dhabi, Dubai Financial Market DFM, Rupert Neil Bumfrey, Nasdaq Dubai, Abu Dhabi Securities Exchange ADX, Al Ramz Capital, Zawya, Marwan Shurrab, HNW


Foreign investments worth $300mln pour into Abu Dhabi shares in first nine months: stock market chief | ZAWYA MENA Edition

:The net foreign investments in the Abu Dhabi Securities Exchange (ADX) stood at 1.1 billion dirhams ($300 million) for the first nine months of 2018, Rashed Al Blooshi, the chief executive of ADX said on Monday.“The foreign net position is positive and stood at 1.1 billion dirhams,” Al Blooshi told reporters on the sidelines of the annual conference of the Federation of Euro-Asian Stock Exchanges (FEAS) in Abu Dhabi.ADX’s manager of corporate communications, Abdulrahman Saleh Al-Khateeb added t...
Tags: Travel, Abu Dhabi, Rupert Neil Bumfrey, Abu Dhabi Securities Exchange ADX, MENA Edition, Rashed Al Blooshi, Al Blooshi, Abdulrahman Saleh Al Khateeb


Abu Dhabi Securities Exchange brings out new tick sizes | GulfNews.com

Abu Dhabi Securities Exchange brings out new tick sizes | GulfNews.com:The Abu Dhabi Securities Exchange (ADX) has launched trading with a new tick size for stocks of companies with a price of less than Dh1. This follows a successful testing of all internal systems, and technical and operational procedures relevant to operating tick sizes.The new tick sizes consist of five units: Dh0.0001 for shares within the price range of Dh0.10 to 0.99; Dh0.01 for a price range of Dh1 to Dh9.99; Dh0.02 for a...
Tags: Travel, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, Abu Dhabi Securities Exchange ADX, Rashed Al Beloushi


ADX admits SICO as market maker | GulfNews.com

ADX admits SICO as market maker | GulfNews.com:Abu Dhabi Securities Exchange (ADX) said it has awarded SICO with the first non-UAE licence to serve as market maker, making it the fifth registered Market Maker on the Exchange.SICO BSC is a regional asset manager, broker, market maker and investment bank based in Bahrain, and has been the leading market maker on the Bahrain Bourse since 1995.“Awarding a new market maker license represents yet another milestone in ADX history, pointing to our willi...
Tags: Travel, Abu Dhabi, Bahrain, Exchange, Rupert Neil Bumfrey, SiCo, Abu Dhabi Securities Exchange ADX, Al Beloushi


ADX concludes New York roadshow, expanding beyond 3,800 US investors - The National

:"The Abu Dhabi Securities Exchange (ADX) completed its New York roadshow this week, touting market successes and an expanded portfolio of individual and institutional investors in the United States.Following meetings in Boston, ADX Chief Executive, Rashed Al Balooshi, went to New York where he hosted roadshows on Monday and Tuesday. It oversaw meetings for ADX and listed companies with around 70 institutional investors whose assets under management are around $11 trillion.Mr Al Blooshi told The...
Tags: Travel, New York, Boston, US, United States, The National, Rupert Neil Bumfrey, Abu Dhabi Securities Exchange ADX, Rashed Al Balooshi, Al Blooshi


Abu Dhabi Securities Exchange signs agreement with Swift and other parties to adopt blockchain technology - The National

Abu Dhabi Securities Exchange signs agreement with Swift and other parties to adopt blockchain technology - The National:"Abu Dhabi Securities Exchange (ADX) has signed an agreement with financial messaging services firm Swift and seven central securities depository (CSD) companies to use blockchain technology in post-trade operations and capital market transactions to cut costs and risks, it said on Tuesday. The nine entities signed a memorandum of understanding, under which they will collabora...
Tags: Travel, Swift, DLT, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, Abu Dhabi Securities Exchange ADX, ADX, Rashed Al Blooshi


Adnoc Distribution IPO to spur more listings in energy sector | GulfNews.com

Adnoc Distribution IPO to spur more listings in energy sector | GulfNews.com:"The successful listing of Adnoc Distribution on Abu Dhabi bourse is likely to encourage more energy companies from the region to go public to raise capital as low oil prices hurt their revenues, according to analysts. Adnoc Distribution, the fuel and retail arm of Abu Dhabi National Oil Company (Adnoc) was listed on Abu Dhabi Securities Exchange (ADX) on December 13 with the stock opening at Dh2.90 compared to the fina...
Tags: Travel, Ipo, Abu Dhabi, Rupert Neil Bumfrey, Abu Dhabi National Oil Company Adnoc, Abu Dhabi Securities Exchange ADX, Adnoc Distribution, ADNOC Distribution IPO


Abu Dhabi Securities Exchange announces inclusion of ADNOC Distribution into exchange indices | ZAWYA MENA Edition

Abu Dhabi Securities Exchange announces inclusion of ADNOC Distribution into exchange indices | ZAWYA MENA Edition:"Abu Dhabi Securities Exchange, ADX, has announced that ADNOC Distribution has been added to its General Index, ADI, and to sector indices, ADEG, as of Wednesday, 20th December 2017, lifting the number of companies included in the ADI to 62. Shares of ADNOC Distribution which has a ADNOCDIST symbol have been added to the ADX General Index, and Energy sub-index ADEG. The company numb...
Tags: Travel, ADNOC, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, Abu Dhabi Securities Exchange ADX, ADEG, Index and Energy


Dana Gas moves to lift court injunction in sukuk case - The National

Dana Gas moves to lift court injunction in sukuk case - The National:"Dana Gas, a Sharjah-based oil and gas exploration firm, has filed an application with the emirate’s Federal First Instance Court to lift an injunction, protecting it against claims related to its US$700 million Islamic bonds or sukuk. Dana, which is embroiled in a row with its bondholders on restructuring of the outstanding sukuk, had received the Sharjah court injunction on 13 June, but moved to discharge it in compliance wit...
Tags: Travel, London, US, Sharjah, Dana, Dana Gas, Rupert Neil Bumfrey, Abu Dhabi Securities Exchange ADX, Federal First Instance Court, Principal Security Agent


Abu Dhabi Securities Exchange delays short-selling to allow time for training | The National

Abu Dhabi Securities Exchange delays short-selling to allow time for training | The National:"The Abu Dhabi Securities Exchange (ADX) has delayed the introduction of short-selling, claiming that more time is required to acquaint market participants with the practice. The ADX announced plans in December to introduce technical short-selling as a means of boosting market liquidity and attracting more foreign investors, with initial plans to allow the practice by the end of March. However the exchan...
Tags: Travel, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, Abu Dhabi Securities Exchange ADX, ADX