Nasdaq Dubai has welcomed three new Sukuk issuances by the Republic of Indonesia, totaling USD 2.35 billion. This listing enhances Dubai's position as the world's leading center for Sukuk listings, with a total value of USD 96.39 billion. The Republic of Indonesia now has 20 Sukuk listings on Nasdaq Dubai, amounting to USD 24.1 billion. The new Sukuk include USD 750 million due in 2029, USD 1 billion due in 2034, and USD 600 million due in 2054, which is a Green Sukuk. The total value of debt listed on Nasdaq Dubai is USD 134.1 billion, with Sukuk making up USD 93.89 billion. Nasdaq Dubai also leads in ESG-related listings, with green issuances totaling USD 19.7 billion out of USD 29.75 billion in ESG-related issuances. The listing was celebrated with a market opening bell ceremony attended by H.E. Husin Bagis, Ambassador of the Republic of Indonesia to the UAE, and Hamed Ali, CEO of Nasdaq Dubai and DFM. The event highlighted the strong economic ties between Dubai and Indonesia and the confidence global investors have in the market.

The Dubai Financial Market announced that a new series of equity futures contracts will be available for trading starting July 11, 2024. These contracts, set to expire on October 17, 2024, cover various securities including AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. The announcement and additional details can be found on the Dubai Financial Market website. The information is subject to change and should be cross-referenced with the Dubai Financial Market Regulated Derivative Contract Trading Regulation for accuracy.

The Dubai Financial Market (DFM) has released the margin parameters for various futures contracts effective from July 9, 2024. The parameters include base margin percentages and currency requirements for contracts involving companies like Air Arabia, Al Ansari, DEWA, and others, with margin percentages ranging from 5% to 13%. Details on the methodology for margin calculation and eligible margin types can be found in the Derivatives Clearing Guidelines and Procedures available on the Dubai Clear website. The announcement and further information are accessible on the DFM website. The document notes that the information is subject to change and emphasizes that it does not replace the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.

The weekly trading summary for DFM Regulated Short Sell Transactions from 01 July 2024 to 05 July 2024 reports the following: - Dubai Taxi Company PJSC (DTC) had a short sell trade volume of 150 and a trade value of AED 324.00. - Salik Company PJSC (SALIK) had a short sell trade volume of 1,280 and a trade value of AED 4,518.40. For more information on Regulated Short Selling (RSS), refer to the DFM Market Rules Module Three Membership, Trading, and Derivatives Rules & Operational Model and Procedures for Implementation of Regulated Short Selling available on the DFM website. The announcement is also available at https://www.dfm.ae/the-exchange/news-disclosures/market-announcements. Disclaimer: The information provided is subject to change and is available on an "as is" and "as available" basis. DFM will not be liable for any direct, indirect, special, or consequential loss resulting from the use of this data and content.

Nasdaq Dubai has listed a USD 400 million Sukuk issued by UAE-based master developer Arada Developments LLC. This is Arada's second listing on Nasdaq Dubai and the first under their new USD 1 billion Sukuk program. The five-year fixed-rate Sukuk saw strong demand, being oversubscribed by 3.5 times, with interest from investors across Europe, the Middle East, and Asia, including institutional investors, fund managers, high-net-worth individuals, and banks. This listing enhances Dubai’s reputation as a global hub for Sukuk listings, contributing to the total value of USD 93 billion in Sukuk issuances and USD 129 billion in listed bonds and Sukuk on Nasdaq Dubai. To celebrate the listing, Arada's Group CEO Ahmed Alkhoshaibi and Nasdaq Dubai CEO Hamed Ali participated in a market-opening ceremony. Both expressed satisfaction with the strong investor interest and the growing confidence in the UAE's Islamic finance market.