Abu Dhabi / WAM Foreign investors’ buy value of shares in ADX amounted to around AED 2.282 billion during May, claiming 60.9 percent of the total value of traded stocks, with foreign sales for the same period valued at AED2.077 billion, accounting for 55.4 percent of total trading, resulting in a net foreign investment value of around AED204 million. As ...

DUBAI / Emirates Business FIVE Holdings, the Dubai-based real estate development and hospitality group previously known as SKAI Holdings, has launched a AED2.10bn (USD570m) real estate investment trust (REIT), the region’s first hospitality focused REIT and the largest to date. The REIT, to be regulated by the Abu Dhabi Global Market (ADGM) and Financial Services Regulatory Authority (FSRA), will include ...

Dubai / Emirates Business May data highlighted a robust improvement in the health of the non-oil private sector, with output and new orders expanding at a sharp rate. The respective rates of expansion eased since April. This was highlighted by the seasonally adjusted Emirates NBD Dubai Economy Tracker Index — a composite indicator designed to give an accurate overview of ...