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  • MSCI UAE
    Nasdaq Dubai expands futures trading with MSCI UAE launch

    Nasdaq Dubai on Tuesday launched futures trading on the MSCI UAE equity index, in the latest expansion of the exchange’s futures market. The contracts are designed to appeal to international and regional investors seeking exposure to leading UAE companies.

  • Nasdaq Dubai
    Nasdaq Dubai launches Saudi futures trading for investors

    The companies now available for futures trading on the Dubai exchange comprise a market capitalization of 794 billion Saudi riyals ($212 billion) and cover sectors including real estate, mining, banks, industrial materials and petrochemicals.

  • Investment
    Nasdaq Dubai plans Saudi index launch after introducing kingdom’s equity futures

    Nasdaq Dubai plans to add this year trading on a Saudi index to its list of products after launching Saudi equity futures, its first single stock futures from outside the UAE, its chief executive said. Nasdaq Dubai, on Wednesday, added Saudi equity futures, bringing the total number of the single stock futures trading on the bourse to 29, which include 17 of some of the biggest UAE companies. The exchange last year introduced futures on the Dubai Financial Market’s DFMGI share index as well as the ADI index of the Abu Dhabi Securities Exchange.

  • UAE
    What Slump? Dubai Finance Hub Plans Canary Wharf-Sized Expansion

    Dubai plans to triple the size of its financial district, adding an area almost the size of London’s Canary Wharf, even as the emirate faces slower growth and rising competition from neighboring banking hubs.

  • ACWA Power
    ACWA Power-led consortium to raise over $2 bln for Dubai solar project -sources

    Saudi Arabia’s ACWA Power leads a consortium which over the next few weeks is expected to conclude financing of more than $2 billion for a 950 megawatt (MW) concentrated solar power project in Dubai, sources familiar with the matter said.

  • Solar
    Saudi Arabia’s Acwa inks deal for world’s largest renewable project in Dubai

    The project, initially expected to deliver 700 megawatts of energy, will use a combination of the world’s tallest 260m-high solar tower that will generate 100MW; three stations of parabolic trough concentrated solar power (CSP) each producing 200MW; and photovoltaic panels generating 250MW, for a total capacity output of 950MW.

  • Nike
    Nike Middle East’s Latest Campaign Calls On Dubai’s Young Emerging Athletes To Rep Their City

    We Play DXB’ calls on some of Dubai’s up-and-coming athletes, ages 16 to 26, who excel in sports ranging from running to football to skateboarding, as a means of painting an accurate picture of the city’s diverse identity.

  • Money Laundering Probe
    Dubai’s ruler snubs Kuwait request to release frozen funds: letter

    The investigation is taking place as the United Arab Emirates tightens financial regulations to fight a perception among some foreign investors that it is a hot spot for illicit money flows owing to its free trade zones and proximity to Iran, the target of U.S. sanctions.

  • Suez Canal
    Dubai Ports World to own shares in Egypt’s Suez Canal industrial zone

    The Egyptian government yesterday announced an agreement between the country’s Suez Canal Authority (SCA) and Dubai Ports (DP) World, under which the latter will acquire 49 per cent of the canal’s economic zone projects.

  • Crown Prince Salman
    Saudi Crown Prince meets with Dubai ruler during visit to Abu Dhabi

    Saudi Arabia’s Crown Prince Mohammed bin Salman met with UAE Vice President and Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum on the sidelines of the year-ending Abu Dhabi Grand Prix.