News - Page 16

News

Salik Stock Analysis: Technical Trends, Market Signals, and Future Projections

Salik Stock Overview Technical Analysis 1. General Trend Analysis 2. Support and Resistance Levels 3. Technical Indicators A. Moving Averages B. Relative Strength Index (RSI) C. Trading Volume Analysis D. Other Indicators Future Predictions 1. Possible Bullish Scenario 2. Possible Bearish Scenario

March 20, 2025

News

Gold Prices Drop as Geopolitical Tensions Ease and Investors Await U.S. Inflation Data

Gold prices fell below $3,310 per ounce today Tuesday, pressured by a decline in safe-haven demand amid cautious optimism over U.S.-China trade relations. The drop followed the start of high-level trade talks between the two countries in London on Monday, aimed at

June 10, 2025

News·Travel

Dubai Airport Transition: DXB to Close as Al Maktoum Takes Over

Dubai International Airport (DXB), the world’s busiest international airport, handled a record-breaking 92.3 million passengers in 2024, establishing itself as the global gateway in travel and tourism. Yet, despite its unmatched success, DXB faces significant space constraints—surrounded by highways, residential zones, and lacking

June 9, 2025

News

FIVE Hotels Dubai Explores International Listing in London or New York

In a move that reflects its global ambitions, FIVE Holdings — the operator of the popular FIVE Hotels and Resorts in Dubai — is reportedly considering listing its shares on either the London Stock Exchange or the New York Stock Exchange, according

June 4, 2025

News

World Gold Council Reveals Surprising Data on Central Bank Gold Purchases

A report released by the World Gold Council on Tuesday revealed that net purchases of gold by central banks in April totaled just 12 tonnes—a 12% decline from March and significantly below the 12-month average of 28 tonnes per month. This unexpected

June 4, 2025

Crypto·News

Solana Foundation Signs Crucial MoU With Dubai’s VARA

Key Highlights: After signing a Memorandum of Understanding (MoU) with Dubai’s Virtual Assets Regulatory Authority (VARA), the Solana Foundation is preparing to establish its own economic zone in the emirate. Solana announced the development on X (formerly Twitter), stating that this marks

June 3, 2025

Business·News

Dubai Duty Free Achieves Record-Breaking Sales of $198.5 Million in May 2025

Dubai Duty Free (DDF) has reported a remarkable sales performance in May 2025, achieving AED 724.7 million ($198.5 million) in revenue. This figure represents a 12.5% increase compared to May 2024, marking it as the highest monthly sales figure recorded this year

June 3, 2025

News·Stocks

Dubai Financial Market Index Closes Up by 4 Points, Continuing Its Upward Trend

The Dubai Financial Market (DFM) index closed Monday’s session, June 2, 2025, with a slight increase of 4.21 points, reaching a level of 5,484.72 points and posting gains of 0.08%. Top Performing Stocks: The positive performance of the DFM index reflects continued

June 2, 2025

News·Travel

Emirates Airlines Resumes Regular Flights to Damascus Starting July 16, 2025

Emirates Airlines has announced the resumption of its regular flights to the Syrian capital, Damascus, starting July 16, 2025, following a suspension that had been in place since 2012. The decision comes after a comprehensive review in coordination with the UAE’s General

June 2, 2025

News·Real Estate

Dubai Real Estate Sales in May Hit All-Time High at AED 67.54 Billion

Dubai real estate market recorded new historic highs in May, marking the highest monthly sales value ever at AED 67.54 billion across 18,908 transactions. This surpassed April’s previous record of AED 61.76 billion from 17,178 transactions. According to data from the Dubai

June 2, 2025

News·Stocks

JP Morgan Raises Salik’s Price Target to AED 6, Maintains ‘Neutral’ Rating

Dubai, United Arab Emirates – In a recent report, JP Morgan announced an upward revision of the price target for Salik, the exclusive toll gate operator in Dubai, from AED 5.60 to AED 6.00, while maintaining its previous recommendation of a “Neutral”

June 1, 2025

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