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Afkar’s new fund to invest in UAE large capsAfkar Capital, an Abu Dhabi-based asset management firm said it was launching a physical, in-kind exchange-traded fund (ETF), which would invest in the largest UAE stocks by capitalisation. Afkar Capital, which was founded at the More… |
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UAE ripe for profit-taking after week-long gainsThe markets in the UAE could see some profit-taking on Thursday after gaining every day this week, with real estate stocks again in focus following strong performances in the last two days, said experts. "The market may start on a high but More… |
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UAE stocks tumble, petchems lift SaudiProperty stocks weighed on UAE bourses on Monday after bellwether Emaar's quarterly results fell short of analyst expectations, while Saudi Arabia was lifted to a three-month high by petrochemicals. Emaar Properties, the developer behind t More… |
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UAE stocks tumble to 4-year lowUnited Arab Emirates stock markets fell to their lowest closes in more than four years on Monday as negative sentiment from a slump in oil prices swept the Gulf region. Property stocks led the declines with Emaar Properties tumbling 4.94 p More… |
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UAE real estate, banks plungeUAE bourses tracked declines in global stocks hit by growing recession fears, with real estate and bank shares leading losses despite a slew of positive third-quarter results. In Dubai, Emaar Properties declined 2.26 percent, while Union P More… |
