UAE Stock Market Surpasses $1 Trillion Mark Fueled by Abu Dhabi Royal Firms and IPOs

Reported 6 days ago

The United Arab Emirates (UAE) stock market has achieved a significant milestone, surpassing $1 trillion in total value for the first time, largely due to the remarkable growth of companies linked to Abu Dhabi royal Sheikh Tahnoon bin Zayed Al Nahyan, who chairs the UAE's largest public company, International Holding Co. (IHC). IHC's extraordinary market performance, alongside a flurry of local listings aimed at diversifying the economy, has propelled the UAE's combined market beyond that of some major European exchanges. This achievement also reflects the ruling family's aspirations to transform Abu Dhabi into a global financial hub.

Source: YAHOO

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