June 4, 2021
1 min read

Non-Arabs pump in AED3.255 bn to UAE in five months

The growth is reflective of the steady capital inflows received by the two markets since the beginning of the year…reports Asian Lite News

The net investments of non-Arab investors in UAE financial markets significantly jumped to AED3.255 bn during the first five months of 2021, statistics revealed by the Abu Dhabi and Dubai bourses show.

The growth is reflective of the steady capital inflows received by the two markets since the beginning of the year, as a directive result of the increased investor confidence in the UAE capital markets thanks to the lucrative dividend yields paid out by the listed companies, considered the highest in the Gulf and the Middle East.

Cash dividends distributed by these companies surged to over AED41 bn for 2020, according to the Securities and Commodities Authority.

In more detail, the Abu Dhabi Securities Exchange saw net investments by Arabs hitting AED2.945 bn from January through May: AED44.752 bn in purchases and AED41.807 in sales. This segment of investors accounted for 38 percent of total trades in the capital’s bourse, which amounted to AED227.639 bn, from January through May.

In Dubai Financial Market, the non-Arabs’ net investments amounted to AED311 million during the reference period: AED7.302 bn in purchases and AED6.991 bn in sales, which accounts for around 30 percent of the DFM’s total trades, estimated at AED47.8 bn during the reference period.

ALSO READ: UAE, Japan to launch business council

Previous Story

UAE suspends arrivals from Vietnam

Next Story

Saudi targets raising $55 billion from privatisation plan

Latest from Economy

Islamabad’s Costly CPEC Gamble

Pakistan owes over $7.5B for power plants and nearly $2B in unpaid bills to Chinese energy firms, the article notes. The China-Pakistan Economic Corridor (CPEC), once hailed by Islamabad as a game-changing

Nvidia to invest $5 billion in Intel

Nvidia CEO Jensen Huang called it “a fusion of two world-class platforms” that combines Intel’s strength in making conventional computer chips…reports Asian Lite News Nvidia, the world’s leading chipmaker, announced on Thursday

Trump Slaps $100K Fee on H-1B Visas

Signing the proclamation on Friday, at the White House, Trump said the “incentive is to hire American workers.”…reports Asian Lite News In a major setback for Indian tech professionals working in the

Fed Cuts Rates After Trump Clash

The Fed indicated that two more cuts could be on the way this year….reports Asian Lite News After a clash with US President Donald Trump, the Federal Reserve slashed interest rates by

Africa’s Disaster Bill Soars

New study warns Africa and Asia face mounting disaster-linked losses without urgent investment in resilient infrastructure…reports Asian Lite News Africa is losing an estimated $12.7 billion every year to floods, earthquakes, and
Go toTop

Don't Miss

Mohammed bin Rashid welcomes Prez of Colombia at Expo 2020 Dubai

Sheikh Mohammed bin Rashid praised the friendly relations between the

‘Joint efforts needed to strengthen UAE’s education system’

The current stage requires serious work in order to strengthen