Dubai’s budget deficit may be lower than expected
Good news for Blackberry carrying types – share prices on the DFM rose 0.5% after reports emerged indicating that Dubai’s economy is performing better than expected. It seems that this year’s budget deficit could be lower than 2% of GDP, making the emirate a more desirable investment than it has been in recent months. The [...]
The Dubai Financial Market and NASDAQ Dubai
The Dubai Financial Market The Dubai Financial Market (DFM) was established in March 2000 as a secondary market for trading both local and foreign securities and bonds. As of fourth quarter 2006, its trading volume stood at about 400 billion shares, worth a total of 95 billion US dollars in total. The DFM had a [...]
Roller coaster week for Dubai shares – better times ahead?
Well, all in all a very interesting week on the Dubai stock markets. Monday’s suggestion by Omar bin Sulaiman, a government official serving on the Dubai crisis committee, that the state might provide further help to the struggling construction and property sectors gave the markets a lift. Following months of predictably steady decline, this news [...]