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Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Emirates Integrated Telecommunications Company PJSC
Disclosure: Press release

Du and Omantel have announced the activation of the Oman Emirates Gateway (OEG), a 275km international fibre optic submarine cable system designed to enhance connectivity between the UAE and Oman. This project connects three international data centers: datamena DX1 in Dubai, Equinix MC1 in Barka, and Equinix SN1 in Salalah. The OEG aims to improve the region's digital infrastructure, offering a seamless connection and supporting the area's development into a global telecommunications hub. It enhances network efficiency, speed, and customer experience with advanced offerings. Du's Chief Commercial Officer, Karim Benkirane, described the OEG as a bridge to future-proofing the region's digital infrastructure, benefiting hyperscalers, content providers, and international carriers. Samy Al Ghassany, Omantel's Chief Technology and Digital Officer, highlighted the project's role in digital transformation and regional growth. The OEG provides resilience through dual routes, ensuring reliability and optimal network performance, supporting emerging technologies, and facilitating international business growth. This development strengthens du and Omantel's positions in the telecommunications industry, reflecting their commitment to attracting global players and driving economic growth and technological innovation in the UAE and Oman.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Dubai Islamic Bank
Disclosure: Press release

Dubai Islamic Bank (DIB) has successfully arranged a US$1 billion syndicated financing facility for the Government of Pakistan, in collaboration with regional and international financial institutions. The five-year facility, partially guaranteed by an Asian Development Bank (ADB) Policy-Based Guarantee, is notable for being the first of its kind by ADB for Pakistan. The financing includes an Islamic tranche structured as a Commodity Murabaha, representing 89% of the total facility, highlighting the demand for Shariah-compliant financing. DIB served as the Sole Islamic Global Coordinator and, along with Standard Chartered, as Joint Mandated Lead Arranger and Bookrunner. Other participating Islamic banks include Abu Dhabi Islamic Bank, Ajman Bank, and Sharjah Islamic Bank. This arrangement is seen as a boost to Pakistan's economic reform and expansion of Islamic finance.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Union Properties PJSC
Disclosure: Results of Board Decisions by Passing

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From GFH Financial Group B.S.C.
Disclosure: GFH Financial Group’s Share Trades in Boursa Kuwait

On July 8, 2025, GFH Financial Group B.S.C. announced that following unusual trading activity of its shares on Boursa Kuwait, there is no additional undisclosed material information that needs to be reported. This statement is in compliance with the instructions from Boursa Kuwait and the provisions of Article 4-5 of Module 10 (Disclosures and Transparency) of the Capital Markets Authority (Kuwait) Executive Regulations of Law No. 7 of 2010. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Dubai Financial Market PJSC
DFM News: Futures Contracts - Margin Parameters

The document provides details on the margin parameters for DFM Futures, effective from July 9, 2025. It lists various underlying symbols, their base margin percentages, currencies, and margin per contract, both base and spread. The underlying symbols include AIRARABIA, AlANSARI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMAARDEV, EMIRATESNBD, EMPOWER, GFH, OMOIL, SALIK, and SHUAA. The margin calculation methodology and eligible margin types are detailed in the Derivatives Clearing Guidelines and Procedures, available on the Dubai Clear website. The announcement is also accessible on the DFM website. A disclaimer notes that the information is subject to change and advises consulting the Dubai Financial Market Regulated Derivative Contract Trading Regulation for any inconsistencies.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Dubai Financial Market PJSC
DFM News: Futures contracts – New Contract Series

A new series of equity futures contracts for October 2025 will be available for trading on the Dubai Financial Market starting from July 10, 2025. These contracts include various futures such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. All these contracts will be listed on July 10, 2025, and de-listed on October 16, 2025. Additional details and updates can be found on the Dubai Financial Market website. Note that the information provided is subject to change and the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of any inconsistencies.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Dubai Financial Market PJSC
DFM News: Reminder: Today, 08/07/2025 is the ex-dividend date for IFA shares & trading resumes with the adjusted price
Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Emirates Investment Bank PJSC
Disclosure: Resignation of Board Secretary

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Al Ansari Financial Services PJSC
Disclosure: Notification from the company

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From UNIKAI FOODS P.J.S.C.
Disclosure: Results of BOD Meeting

1. Attached Document

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