Arab Press

بالشعب و للشعب
Friday, Jan 27, 2023

UAE ranks fifth in stock trading interest

UAE ranks fifth in stock trading interest

The UAE ranked fifth in the world in terms of stock trading interest, according to a recent survey by UK financial services company CMC Markets.
Being the only Arab nation in the top 10, the UAE was the fourth in terms of search levels on “swing trading” and the fifth country with the most interest in day trading.

The study examined Google Trends data of search terms frequently used by people interested in stocks and trading, which were then combined to give each English-speaking country a total search score.

Topping the list was Singapore with a total search score of 555 out of a maximum of 700 followed by India with a score of 492 and Canada with a score of 462.

The US came in fourth place with 453 points and the UAE came with a score of 374 with a huge interest in day trading.

According to the Arab Monetary Fund, the Abu Dhabi Securities Exchange market reached $714.6 billion in 2022 while the Dubai Financial Market was worth $158.4 billion in the same year.

Moreover, the Saudi Stock Exchange market value was $2.63 trillion while the Qatar Stock Exchange was at $167.09 billion and the market cap of Kuwait’s stock exchange market Boursa was worth $152.7 billion.

Health sector

The Dubai Chamber of Commerce has announced the launch of the Medical Labs and Diagnostic Centers Business Group to support the healthcare sector.

The new business group will foster a collaborative relationship between its members and stakeholders to boost medical labs and diagnostic centers within the healthcare sector. It also aims to improve the sector’s competitiveness.

The Chamber of Commerce is one of the three chambers operating under Dubai Chambers that plans to increase the number of business groups that represent economic sectors and activities in Dubai from 30 to 100 by March 2023.

“The setting up of this business group comes at the right time as it brings together businesses within the diagnostic labs sector and further strengthens
Dubai’s burgeoning healthcare industry,” said Maha Al-Gargawi, executive director of business advocacy at Dubai Chambers.

Dubai’s healthcare market is worth more than $4.6 billion annually, hosting the largest medical free zone Dubai Healthcare City which includes 160 clinical partners across 150 specialties.

According to a report by the UAE Ministry of Economy, medical tourism sales are expected to have a compound annual growth rate of 17 percent between 2021 and 2025.

Emirates revamps A380 interior

UAE’s airline Emirates has completed the refresh of an Airbus A380 and is placing it into service with the latest products and interiors across all cabins.

The Airbus was refurbished under the airlines’ $2 billion retrofit program and was deployed for its first flight from Dubai to London Heathrow on Friday.

“Customers will notice the difference the moment they step onboard - the spacious A380 will look and feel even more impressive and comfortable,” Tim Clark, president of Emirates airline said.

To deliver the largest known aircraft refurbishment program in aviation history, Emirates recruited 190 new project personnel and is working with 48 major partners and suppliers.

“With our latest interiors and products, this newly-refurbished aircraft elevates our inflight experience in all classes of travel, and enables us to offer more premium economy seats to meet customer demand,” Clark added.
Newsletter

Related Articles

Arab Press
Close
0:00
0:00
Tesla reported record profits and record revenues for 2022
Germany confirms it will provide Ukraine with Leopard 2 tanks
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Who’s Threatening Israeli Democracy?
Federal Reserve Probes Goldman’s Consumer Business
China's first population drop in six decades
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
Saudi FM discusses Kingdom’s economy, oil, Iran and US ties in Davos
Israelis rally in three cities against Netanyahu legal reforms
China's foreign ministry branch in Hong Kong urges British gov't to stop the biased and double standards Hong Kong report
Tesla slashes prices globally by as much as 20 percent
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
After Failing To Pay Office Rent, Twitter May Sell User Names
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
FIFA president questioned by prosecutors
Britain's Sunak breaks silence and admits using private healthcare
Saudi Arabia plans to use domestic uranium for nuclear fuel
Mohammed Bin Salman chosen most influential Arab leader of 2022
Dirty bomb fears as URANIUM is found in cargo at Heathrow
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
United Arab Emirates says it will teach Holocaust in schools
Saudi Arabia set to overtake India as fastest-growing major economy this year 
International medical experts speak out against COVID-19 restrictions on China
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
TikTok CEO Plans to Meet European Union Regulators
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Saudi Arabia’s female ambassadors: Who are the five women representing the Kingdom?
Almubarak named ‘The Best Central Bank Governor of the Year 2023 for the Middle East’
Will Canada ever become a real democracy?
Hong Kong property brokerages slash payrolls in choppy market
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Dubai announces $8.7 trillion economic plan to boost trade, investment and global hub status
Coinbase to Pay $100 Million in Settlement With New York Regulator
FTX assets worth $3.5bn held by Bahamas securities regulator
A Republican congressman-elect is under investigation in New York after he admitted he lied about his education and work experience.
Brazilian football legend Pele, arguably the greatest player ever, has died at the age of 82.
Hong Kong to scrap almost all its Covid rules
EU calls screening of travellers from China unjustified
US imposes Covid testing for visitors from China
Ukraine President Volodymyr Zelenskyy Addresses Joint Session of Congress - FULL SPEECH
Where is Rishi? Chancellor Jeremy Hunt's excuses about the UK's economic challenges just don't make sense
Former FTX CEO Bankman-Fried finally arrested in Bahamas after U.S. files charges
Corruption works: House Financial Services Chair Waters doesn't plan to subpoena her donor, Sam Bankman-Fried, to testify at hearing on FTX collapse
Ronaldo's new contract...
Prince William's godmother resigns honorary royal role after exposing her/their racism
Tax fraud verdict again exposes illusion of Trump the master businessman
×