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Foreign trades surpass local ones on the DFM for the first time
The DFM General Index is up 18.6% YTD, extending its run as the Gulf’s best-performing benchmark for a third year
THIS MORNING: UAE and Philippines’ trade agreement to be inked within weeks + Warburg Pincus secures Dubai license
Plus: McLaren to auction off three racecars for the first time in Abu Dhabi later this year
THIS MORNING: Guinea transfers EGA’s concession to state-backed firm + Dubai Investments to IPO one of its subsidiaries this year
Plus: Masdar in line for a stake in Inerdrola’s solar portfolio in Spain
DFM extends rally in July, outperforming regional peers
The MSCI GCC Index gained 2.2% during the month
UAE and Saudi stocks emerged as top performers in 2Q -Kamco Invest
GCC net foreign inflows hit USD 7 bn in 1H, led by UAE and KSA
THIS MORNING: UAE rescues 22 people aboard a commercial vessel hit by Houthi attacks in the Red Sea
Plus: Brics countries eye intra-Brics tourism agreement
THIS MORNING: Fuel prices up in July + Joby Aviation completes first air taxi test flight in Dubai
Plus: DFM hits 17-year high
THIS MORNING: Canada in talks with the UAE over AI investments + Taxi stablecoin payments are now a thing in Abu Dhabi
Plus: Stocks in the region cheered news of the Iran-Israel ceasefire
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