Brokerage companies at the Dubai Financial Market (DFM) added 26,953 new investor accounts in the first half of 2023.
The market reportedly witnessed significant momentum since the listing of 10 governmental and semi-governmental companies, including the Dubai Electricity and Water Company (DEWA), the TECOM Group, Union Coop, Salik, and Al Ansari, among others.
The number of new investor accounts at DFM grew by over 48 per cent during the first five months of this year, compared to 18,204 new accounts in the same period in 2022.
According to DFM-released data, 4,246 accounts were added in June; 5,349 added in May; 4,246 in April; 6,591 in March; 3,436 in February; and 3,082 in January.
The value of transactions conducted in the banking sector within the country through the UAE Funds Transfer System (UAEFTS) rose to AED 19.898 trillion during 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
Dubai Electricity and Water Authority (DEWA) announced a contribution of AED 20 million to the Fathers' Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai.
DP World has announced revenue grew by 9.7 per cent to $20 billion (AED 73.5 billion), and adjusted EBITDA rose by 6.7 per cent to $5.5 billion (AED 20.2 billion), with an adjusted EBITDA margin of 27.2 per cent for the year ending December 31, 2024.