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HNWI exodus draws Bentley Reid to DIFC
Plus: Snoc finds more gas at Al Hadiba
AED 18.3 bn for new parks + more plans to improve quality of life in Dubai
The policies include developing talent in the aviation and sports sectors
Office rents climb up to 35% y-o-y in Dubai and Abu Dhabi in 3Q amid high demand
An influx of new tenants and existing ones looking to expand continued to drive demand
Dubai’s residential market is still on a roll
Average capital values have remained stable, though prices per square foot are rising as units grow smaller
Abu Dhabi, Dubai bourses snap two-month losing streak in October
ADX inched up 0.9% while the DFM jumped 3.8% last month
On the 3Q earnings menu today: NMDC Group, Alef Education, DFM
DFM’s market cap is nearing the USD 1 tn mark
THIS MORNING: Adnoc could close Covestro acquisition before early December + DMCC to develop new financial center
Plus: UAE to hand over 60% of revenues from Islamabad Airport in takeover?
Borouge, Multiply, Phoenix, and others hand in earnings
Borough saw record production during the quarter, with an improvement in sales volumes
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