UAE Financial Market News
02 September 2010. UAE stocks rose today but trading was still light. On the Nasdaq Dubai, DP World rose 2.3%, and DGS fell 0.27%.
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The Minister of Economy Sultan bin Saeed Al Mansouri said the UAE economy remains robust thanks to the diversification provided for in the wise leadership’s economic policies. The UAE economy is capable to achieve a growth rate of 2.5% in 2010, compared to 1.3% last year, while inflation is expected to fall to 1.1% down from 1.56 last year, according to Al-Mansouri in statements in a Ramadan gathering at Mina Salam Hotel, Dubai.
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01 September 2010. UAE stocks were mixed with National Bank of Umm Al Quwain the standout loser on relatively high volumes, while Du Telecom in Dubai saw a decent rise. On the Nasdaq Dubai, DP World rose 0.84%, and Depa was up 5.5%.
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The Arab Monetary Fund (AMF) expects the UAE gross domestic product (GDP) to grow by two per cent this year against a contraction of one per cent over 2009. The periodical bulletin of the Arab Capital Markets performance and economic indicators for the first half of the year said that developments in the Abu Dhabi Securities Exchange and Dubai Financial Market indicated that the consolidated budget, based on the current oil prices, would register a total surplus of Dhs 14 billion as compared to last year, or an equivalent of 6 per cent of the GDP.
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Attend the Big 5 Construction Conference and discover what the renewed construction industry will look like after the recession. Now, more than ever, the design and construction industry needs a platform to discuss key challenges and opportunities in one place with all the major players there.
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31 August 2010. UAE stocks drifted down on low volumes as usual. On the Nasdaq Dubai, DP World fell 1.0%, Damas was unchanged, DGS rose 0.49%, and Depa rose 3.8%.
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Better market prospects will emerge as the UAE construction market poises for rebound, says Danube Building Materials, the leader in construction, building materials and shop fitting industries. With a recent report from the Dubai Chamber revealing that USD 714.8 billion worth of construction projects are either at design stage or already underway in the UAE.
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