Banking and property recovery helps Dubai bourse to get back into black

Dubai Financial Market Company, the only listed bourse in the region, returned to profit amid renewed buying interest in Dubai stocks.

The stock market has benefited from the "thriving economic climate" in the Emirates and a recovery of the country's banking and property sectors, said Abdul Jalil Yousuf Darwish, the chairman of the company listed as DFM.

Net income for last year reached Dh35.2 million (US$9.58m) as traded value reached Dh48.7 billion last year. The bourse reported a loss of Dh6.9m in 2011.

The Dubai Financial Market General Index rose 20 per cent last year, compared with a 16 per cent drop the year before after the Arab Spring uprisings toppled leaders in Egypt, Yemen, Tunisia and Libya and unrest hit parts of Saudi Arabia and Bahrain. The index is up 15.9 per cent this year.

Revenues, which rose to Dh191m, were boosted after the exchange signed 27 contracts for market dissemination data to media as well as local and regional and international data providers.

The bourse also secured cash dividends worth Dh1.35bn from eight listed companies in its investment portfolio, a 21 per cent increase from a year earlier amid higher corporate earnings.

DFM benefited from bigger commissions as a result of an increase of share trading after it granted margin trading licences to three companies, it said.


Goalkeepers: Kim Seung-gyu, Jo Hyeon-woo, Song Bum-keun
Defenders: Kim Young-gwon, Kim Min-jae, Jung Seung-hyun, Kim Ju-sung, Kim Ji-soo, Seol Young-woo, Kim Tae-hwan, Lee Ki-je, Kim Jin-su
Midfielders: Park Yong-woo, Hwang In-beom, Hong Hyun-seok, Lee Soon-min, Lee Jae-sung, Lee Kang-in, Son Heung-min (captain), Jeong Woo-yeong, Moon Seon-min, Park Jin-seob, Yang Hyun-jun
Strikers: Hwang Hee-chan, Cho Gue-sung, Oh Hyeon-gyu

McLaren GT specs

Engine: 4-litre twin-turbo V8

Transmission: seven-speed

Power: 620bhp

Torque: 630Nm

Price: Dh875,000

On sale: now

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

Favourite things

Luxury: Enjoys window shopping for high-end bags and jewellery

Discount: She works in luxury retail, but is careful about spending, waits for sales, festivals and only buys on discount

University: The only person in her family to go to college, Jiang secured a bachelor’s degree in business management in China

Masters: Studying part-time for a master’s degree in international business marketing in Dubai

Vacation: Heads back home to see family in China

Community work: Member of the Chinese Business Women’s Association of the UAE to encourage other women entrepreneurs

The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

Dengue fever symptoms
  • High fever
  • Intense pain behind your eyes
  • Severe headache
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If symptoms occur, they usually last for two-seven days


Rebel Moon – Part Two: The Scargiver review

Director: Zack Snyder
Starring: Sofia Boutella, Charlie Hunnam, Ed Skrein, Sir Anthony Hopkins
Rating: 2/5

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