Connect with us

News

DFM Company posts net benefit of Dh38.1 million in the initial nine months of 2021

Published

on

Spread the love

Market capitalization up 15% to Dh 392.2 billion.

Dubai Financial Market Company on Wednesday revealed a nine-month net benefit of Dh 38.1 million contrasted with Dh120.1 million in a similar time of 2020.

The organization’s complete income came to Dh183.1 million during the nine months of this current year contrasted with Dh271 million during the comparing time of the earlier year. The income is included Dh117.9 million of working pay and Dh65.2 million of speculation returns and other pay. The organization’s costs diminished 4% to Dh145 million before the finish of September 2021 contrasted with Dh 150.9 million in a similar time of 2020.

“The market capitalization of DFM-recorded protections has expanded 15% to Dh392.2 billion and the General Index progressed by 14.2 percent despite the 23.7 percent decrease in exchanging worth to Dh38.7 billion contrasted with its level during the comparing time of 2020. Additionally, unfamiliar financial backers kept up with their solid presence with 47.5 percent portion of the overall industry of exchanging esteem,” said Essa Kazim, Chairman of the Dubai Financial Market Company.

Unfamiliar financial backers were net purchasers of Dh1.3 billion and their responsibility for market capitalization came to 18.5 percent toward the finish of September 2021. Also, institutional financial backers represented 44% of exchanging movement with a net acquisition of Dh429 million. This obviously shows UAE’s and global financial backers’ profound trust in DFM’s possibilities and enhanced freedoms.

Simplicity of contributing

The DFM has deferred the base exchanging commission from September first as a component of its various drives pointed toward invigorating and smoothing out exchanging and venture exercises just as advancing retail financial backers’ interest on the lookout and empowering them to profit its rewarding speculation openings.

During September likewise, the DFM chose to expand its exchanging hours from four hours to five hours every day, which became effective on third of October 2021, in an undertaking to additionally fortify its driving situation as a fundamental door for speculation and to draw in more extensive and more enhanced classifications of financial backers, particularly the worldwide financial backers who are continually showing extraordinary premium on the lookout.

Continue Reading
Advertisement

News

Parents, take note: Dubai Police warn about teens riding motorbikes after Iftar in residential areas

Published

on

Spread the love

As Ramadan evenings get busier, Dubai Police are warning parents about a rise in teenagers riding motorcycles and recreational bikes in residential areas, especially after Iftar.

Why this matters

Police say many teens are:

  • Riding without proper safety measures
  • Using service roads and neighbourhood streets
  • Putting themselves at risk of collisions with cars or pedestrians

Residential areas are often filled with families, children and elderly residents during Ramadan nights, making the danger even greater.

What parents should know

Authorities have already:

  • Impounded motorcycles
  • Summoned parents
  • Filed official police reports

This behaviour is considered a legal violation and can have serious consequences.

What you can do

  • Talk to your children about road safety and legal responsibilities
  • Ensure any bike use follows UAE traffic laws
  • Supervise younger teens, especially during busy evening hours

Residents can report unsafe riding via the 901 hotline (‘We Are All Police’ service) or through the Dubai Police app.

A quick conversation at home today could prevent a serious accident tomorrow.

Continue Reading

News

Foodilicious: A new Dubai-based TV series that brings Ramadan culinary traditions and cultural stories to screen

Published

on

Spread the love

A new Ramadan television series is bringing communities together across the GCC, not through debate or drama, but through the shared experience of Iftar.

Haier presents Foodilicious, produced by Rigel Global Media, which premiered in February and airs every Saturday at 7:30pm (GST) on Zee TV, with streaming available on demand.

The English-language lifestyle series blends Iftar traditions, chef-led dining, hospitality features and cultural storytelling, reflecting the diversity that defines Ramadan in Dubai and across the Middle East.

More than a food show

Unlike conventional cooking programmes, Foodilicious positions food as a narrative tool.

Founder and CEO Abhishek K. Mishraa said the editorial approach mirrors news storytelling,  rooted in real life, cultural context and human experience.

The show was developed alongside Creative Head Puneet Verma and storyteller Aryaman Singh, who brought a contemporary lens to Ramadan traditions to connect with younger audiences.

Their goal? To treat food as memory, devotion and belonging, not just spectacle.

Familiar face fronts the series

Hosting the show is Lokesh Dharmani, radio jockey at City 101.6 FM, whose warm, conversational style anchors the format.

Behind the scenes, Production Manager Mukesh Dubey and Line Producer Tanim Ayub lead operations, while digital strategy is managed by social media personality Altamash Iqbal.

Backed by global brand support

The series is presented by Haier Gulf Electronics LLC, signalling growing brand investment in culturally resonant Ramadan programming, a season known for some of the region’s highest TV viewership figures.

Ramadan in the UAE brings together Emiratis, expats and visitors from across the world. By showcasing Iftar tables, chefs, hospitality experiences and shared traditions, Foodilicious aims to reflect that diversity on screen.












Continue Reading

News

Huge relief for drivers: New Dubai bridge cuts travel time to 1 minute

Published

on

Spread the love

Commuters using one of Dubai’s busiest corridors just got a major upgrade.

The Roads and Transport Authority (RTA) has officially opened a new 1,000-metre bridge linking Sheikh Zayed Road to Sheikh Khalifa bin Zayed Street, slashing journey times from six minutes to just one minute.

And this is only part of a much bigger transformation.

What’s the new bridge?

  • It spans 1,000 metres
  • Has two lanes
  • Handles up to 3,000 vehicles per hour
  • Connects traffic from Sheikh Zayed Road towards Al Karama and Deira

It’s the third bridge completed under the wider World Trade Centre Roundabout Development Project.

Two earlier bridges opened in February 2026, improving traffic from 2nd December Street towards Sheikh Rashid Street and Al Majlis Street.

Why this intersection matters

The World Trade Centre Roundabout is one of Dubai’s most critical traffic nodes. It connects five major roads:

  • Sheikh Khalifa bin Zayed Street
  • Sheikh Rashid Street
  • 2nd December Street
  • Zabeel Palace Street
  • Al Majlis Street

It also serves key destinations like:

  • Dubai World Trade Centre
  • Dubai International Financial Centre

More than half a million residents and visitors rely on this corridor daily.

From 12 Minutes to 90 Seconds

When the full five-bridge project is completed:

  • Average delays will drop from 12 minutes to 90 seconds
  • That’s a 92% reduction
  • Free-flow traffic will operate in multiple directions
  • The existing roundabout will become a signalised junction

Two additional bridges, connecting traffic from Sheikh Rashid Street and Al Majlis Street towards 2nd December Street, are set to open in October.

Who benefits most?

  • Daily commuters heading to Deira and Karama
  • Residents in Zabeel, Al Satwa, Al Jafiliya and Al Mankhool
  • Businesses in DIFC
  • Event attendees at Dubai World Trade Centre

For drivers, the impact is immediate. For central Dubai’s traffic grid, the biggest gains are still coming later this year.

If you drive this stretch daily, you’ll likely feel the difference from your very next commute.

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/