UAE stocks end in green

WAM
03 Nov 2022, 07:06 GMT+10

ABU DHABI, 2nd November 2022 (WAM) - UAE financial markets ended in the green Wednesday as Dubai's main share index gained 0.660%, and Abu Dhabi's index added 0.165%.

In the capital, FAB, ALPHADHABI, ALDAR ended higher at AED17.980, AED25.2 and AED4.3 respectively.

The blue-chip developer Emaar Properties was among the best performers in Dubai, gaining 2.010 % to close at AED6.090, and DEWA finished 1.620% up at AED2.510.

The upbeat sentiments were driven by the robust corporate earnings for the 3rd quarter of 2022 as caution persists in wait for the US Fed's interest rate hike decision.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Travel News.

More Information

null in null

Business

Section

Russia among 4 systemic risk countries for Italian banks

MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...

US debt limit raised, but spending bill fuels fiscal concerns

NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...

Shein hit with 40 million euro fine in France over deceptive discounts

PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...

Meta hires SSI CEO Gross as AI race intensifies among tech giants

PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...

Engine defect prompts Nissan to recall over 443,000 vehicles

FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...

Microsoft trims jobs to manage soaring AI infrastructure costs

REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...

Travel and Tourism

Section