Dubai shares rose to the highest in a week as the Group of 20 governments agreed to maintain stimulus efforts and the emirate’s ruler said the sheikhdom’s next $10 billion bond will be “widely subscribed.”
Emaar Properties PJSC, the United Arab Emirates’ biggest property developer, and the Dubai Financial Market closed at their highest in a week. The DFM General Index increased 1.4 percent to 2,153.77, the highest close since Nov. 2. Abu Dhabi’s measure added 0.2 percent. Dubai’s gauge extended gains after the emirate’s ruler Sheikh Mohammed Bin Rashid Al-Maktoum said the second part of a $20 billion bond program will be “well received”, and those who doubt the unity of Dubai and Abu Dhabi should “shut up.”
European and Asian stocks rose as the G-20 agreed to keep interest rates low and maintain record budget deficits until recoveries take hold. The Dow Jones Stoxx 600 Index increased 1.6 percent at 4:51 p.m. in Dubai and the MSCI Emerging Markets Index added 1.8 percent. Oil prices gained 1.6 percent.
Buy properties in Dubai without a hassle and we have strived to do just that. We believe in making it simple for you to find the information that you want. Our team makes sure that we have all the information about Dubai properties and property in Dubai.
ReplyDelete