DUBAI / WAM The month of July proved to be an eventful one for Dubai Gold and Commodities Exchange (DGCX), the largest and the most diversified derivatives bourse in the region, as it inked pacts for greater collaboration with two leading Abu Dhabi-based entities – the Abu Dhabi Securities Exchange (ADX) and Abu Dhabi Global Market (ADGM). The Exchange’s recent ...

Dubai / Emirates Business ENBD REIT (CEIC) Limited (“ENBD REIT”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited (the “Fund Manager”), has announced its Net Asset Value for June 30. ENBD REIT’s second NAV since listing, which has increased by 1.74% in the quarter (cum-dividend), now stands at $292 million (AED 1.074 billion) (ex-dividend ...

Dubai / Emirates Business Damac Properties, a leading luxury real estate developer in the region, awarded Arabtec Construction LLC with a AED 628 million contract to develop 1,296 villas at Damac’s Akoya Oxygen master development. Arabtec will begin construction in Q3 2017 at the 55-million-square-foot green development in Dubailand, and is expected to complete the project within 24 months. “Damac ...