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NASDAQ Dubai fosters role as international Islamic market

: Sunday, June 08 - 2014 @ 18:10

The FTSE NASDAQ Dubai UAE 20 Index dived 2.02 per cent to close at 4,568.080 on Sunday, June 8. Yousef Bin Abdullah Al Shelash, chairman of Dar Al Arkan Real Estate Development Company, rang the market opening bell to celebrate three listings from its sukuk (Islamic bonds) programme worth $1.15 billion (AED 4.22bn) on NASDAQ Dubai. The listings by the prominent Saudi property developer raised the nominal value of sukuk listed in Dubai to $22.23bn (AED81.58bn).

The shares Dubai Ports (DP) World bucked the general weak trend at local markets in Dubai and Abu Dhabi and gained 1.53 per cent to hit $20.60. Last week, Mohammed Al-Muallem, managing director UAE at DP World, said the company’s home port Jebel Ali would add capacities to reach 19 million 20-foot equivalent unit (TEU) through the expansion of terminal three this year, while the option to add a terminal four could add another ten million TEUs to Jebel Ali, the biggest man-made container port in the world.


Gérard Al-Fil

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Sunday, June 8- 2014 @ 18:10 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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