News - Page 18

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

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

News

OPEC+ Countries Announce Increase in Oil Production

The eight OPEC+ member countries, which had previously announced additional voluntary adjustments in April and November 2023, held a virtual meeting on May 31 to review global market conditions and future outlook. The participating countries are:Saudi Arabia, United Arab Emirates, Russia, Iraq,

May 31, 2025

News

Syria Opens Its Doors to Reconstruction: Gulf and Turkish Investments Race to Seize Opportunities

Global companies are turning their attention to Syria as the country enters its reconstruction phase after years of war, with the estimated cost of rebuilding ranging between $250 billion and $500 billion. According to the UAE-based newspaper The National, companies from the

May 31, 2025

Artificial Intelligence (AI)·News

The UAE Becomes the New Frontier for Advanced Semiconductor Production

In a landmark step that ranks among the most significant in the history of the semiconductor industry, the United Arab Emirates is preparing to host an integrated industrial complex for electronic chips, in collaboration and partnership with TSMC—the Taiwanese tech giant and

May 31, 2025

News

UAE and EU Aim to Strengthen $68 Billion Trade Ties with Landmark CEPA Deal

The United Arab Emirates (UAE) and the European Union (EU) are advancing efforts to deepen their robust trade relationship, currently valued at $67.6 billion, through the negotiation of a Comprehensive Economic Partnership Agreement (CEPA). This strategic initiative underscores the mutual ambition to

May 29, 2025

News·Real Estate

Binghatti and ADIB Sign Deal for Sharia-Compliant Property Financing

In a strategic move aimed at enhancing Islamic home financing in the UAE, Binghatti Holding has announced the signing of a Memorandum of Understanding with Abu Dhabi Islamic Bank (ADIB) to provide Sharia-compliant home financing solutions, including financing for off-plan properties. Under

May 28, 2025

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