GDRFA centres across the emirate will be closed for the Prophet's birthday, the authority announced
visa and immigration in uae8 hours ago
Nasdaq Dubai will launch futures contracts for Adnoc Distribution and Emaar Malls on Wednesday to enable investors to take positions on movements in the share price of the two companies in coming months.
Adnoc Distribution is scheduled to list on the Abu Dhabi Securities Exchange (ADX) on Wednesday following an initial public offering (IPO) that raised Dh3.1 billion. Emaar Malls listed on Dubai Financial Market (DFM) in October 2014 after raising Dh5.8 billion in its IPO.
The addition of the two companies is the latest expansion of Nasdaq Dubai's derivatives market, which from Wednesday will comprise single stock futures on 16 UAE-listed companies after opening with seven in September 2016. Shuaa Capital will provide market-making services on Adnoc Distribution and Emaar Malls to facilitate liquidity, as it does on all Nasdaq Dubai single stock futures.
"With businesses in different industry sectors and listings on different exchanges, Adnoc Distribution and Emaar Malls further diversify the opportunities for investors to hedge or take a position on our equity futures market," said Hamed Ali, CEO, Nasdaq Dubai.
More than 2.9 million futures contracts have traded on Nasdaq Dubai's derivatives market since it opened.
- waheedabbas@khaleejtimes.com
GDRFA centres across the emirate will be closed for the Prophet's birthday, the authority announced
visa and immigration in uae8 hours ago
Police urged motorists to be extra cautious and take alternate routes
emergencies8 hours ago
Narin Guran went missing on August 21 from her village and her body was found in a sack hidden under rocks in a nearby stream on September 8
mena9 hours ago
The actor deserved a better, more entertaining film
movie reviews10 hours ago
Offering a mix of thriller, comedy, action, and drama, these films, already box office hits, are sure to bring the festive spirit to one’s TV screens
kt network10 hours ago
The updated schedule, now available for booking, offers travellers the convenience of 2pm departures
aviation10 hours ago
The race to book Apple's newest phone — at 4pm today — is expected to be intense, with some enthusiasts hoping to snap up multiple units
tech11 hours ago