"UAE markets continued their strong performance in April with Abu Dhabi 8 per cent higher and Dubai up 17 per cent. According to World Equity Index Rankings by Bloomberg, as of the end of last month, Dubai - 32 per cent higher - is ranked second and Abu Dhabi - 24 per cent higher - is ranked fifth among primary world indexes by United States dollar adjusted year-to-date performance.
Average value traded on the DFM exchange surged to US$93 million per day, recording a 36 per cent increase over the previous month. Dubai CDS spreads have declined below 200, recording the lowest level since the Dubai World crisis in 2009.
Most listed banks reported their first-quarter numbers, the aggregate profitability of UAE banks increased by 17 per cent quarter on quarter and 21 per cent year on year."
'via Blog this'
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