The market cap of Arab stock exchanges exceeded $4 trillion (AED 14.7 trillion) by the end of 2022, according to the Arab Monetary Fund (AMF).
In a press statement today, the AMF said that the market value of the Abu Dhabi Securities Exchange reached $714.6 billion (AED 2.6 trillion) in the reference year, while that of the Dubai Financial Market was valued at $158.4 billion (AED 581.8 billion).
The market value of the Saudi Stock Exchange was $2.63 trillion (AED 9.7 trillion), while that of the Qatar Stock Exchange was $167.09 billion (AED 613.7 billion). The market cap of the Boursa Kuwait was $152.7 billion (AED 560.8 billion), while that of the Muscat Stock Exchange was $61.6 billion (AED 226.2 billion).
The Casablanca Stock Exchange's market cap was $53.6 billion (AED 196.9 billion); while that of the Egyptian Exchange was $38.8 billion (AED 142.5); and that of the Bahrain Bourse was $30.2 billion (AED 110.9 billion), according to the AMF's statement.
The market value of the Amman Stock Exchange reached $25.4 billion (AED 93.3 billion); that of the Palestine Exchange was $4.89 (AED 18); while Beirut Stock Exchange was put at $14.4 billion (AED 52.9 billion), and Damascus Securities Exchange was valued at $2.06 billion (AED 7.6 billion).
Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.
The UAE Ministry of Economy and Tourism has outlined new regulations aimed at strengthening the fight against commercial fraud, protecting consumers and improving market oversight.
Apple is facing a £2 billion ($2.7 billion) London lawsuit brought on behalf of app developers over its app tracking rules, with the iPhone maker accused of abusing its power to unfairly impose greater restrictions on third parties.
Shares in online fast-fashion retailer Shein have fell 8 per cent in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!