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#UAE bourses end higher on financial, telecom boost | Reuters

UAE bourses end higher on financial, telecom boost | Reuters Stock markets in the United Arab Emirates (UAE) closed in the green on Friday, with Dubai's index buoyed by the financial sector and Abu Dhabi's riding on the back of telecom gains.Dubai's main share index (.DFMGI) added 1.3%, as Emirates NBD Bank (ENBD.DU) registered its best jump since April 2020 of 6.3% ahead of its earnings results next week.Analysts expect the bank to post a net profit of more than 9 billion dirhams ($2.45 b...
Tags: Travel, Dubai, Abu Dhabi, Uae, Reuters, United Arab Emirates UAE, Reuters Stock, Rupert Neil Bumfrey, First Abu Dhabi Bank, Emirates NBD Bank ENBD, Etisalat Group ETISALAT


#UAE markets drop after Fed officials signal March rate hike | Reuters

UAE markets drop after Fed officials signal March rate hike | Reuters Stock markets in the United Arab Emirates ended in the red on Friday, mirroring weakness in Asian peers, as more Fed policymakers signalled they would start to raise U.S. interest rates in March to combat inflation.Dubai's main share index (.DFMGI) fell 0.4% after gains in the previous session, as Emirates NBD Bank (ENBD.DU) shed 1.1% and blue-chip developer Emaar Properties (EMAR.DU) lost 0.8%.Abu Dhabi's index (.FTFADG...
Tags: Travel, United Arab Emirates, Dubai, Abu Dhabi, Uae, Fed, Reuters, Reuters Stock, Rupert Neil Bumfrey, Emaar Properties EMAR DU, International Holding Company, Emirates NBD Bank ENBD, Etisalat Group ETISALAT