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

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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.

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UAE motorist alert: Abu Dhabi announces new toll gates on major highways

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Motorists travelling across Abu Dhabi may soon notice a shift in how road tolls are applied, as the emirate quietly expands its Darb toll system beyond island entry points to major highways.

New toll gates have been installed in strategic locations such as Ghantoot along the busy Dubai–Abu Dhabi corridor and in the Al Qurm area. While the structures are visible and clearly marked, authorities have confirmed they are not yet operational and are currently undergoing testing.

The move signals a broader approach to traffic management, aiming to ease congestion and improve flow on some of the UAE’s busiest routes. Unlike the earlier system focused on bridge access to Abu Dhabi Island, the expansion hints at a more comprehensive, network-wide tolling strategy.

For now, motorists are advised to stay updated through official channels and ensure their vehicles are registered on the TAMM platform to avoid penalties once the system goes live.

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Dubai’s senior citizens just got a new social hub: Thukher Club opens in Al Khawaneej

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Dubai is making sure its senior citizens are living their best lives. Under the directives of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, a brand-new branch of the Thukher Club has officially opened its doors in Al Khawaneej.

This isn’t just a community centre, it’s a high-tech, high-heart hub designed to keep seniors right at the centre of the action. Supervised by the Community Development Authority (CDA), the club is all about recognising that wisdom doesn’t retire, it just finds a better place to hang out.

What’s inside the new Al Khawaneej branch

  • Integrated facilities: Think workshop halls, social lounges, and spaces dedicated to health and fitness.
  • Generational knowledge: The club acts as a bridge where seniors can share their massive life experiences with younger generations.
  • Wellness first: From sports to cultural programmes, the focus is on staying active, healthy, and connected.
  • Group effort: This isn’t a solo mission. The CDA teamed up with heavy hitters like Dubai Police, Dubai Health, and Dubai Municipality to make sure the services are top-tier.

Hessa bint Essa Buhumaid, Director General of the CDA, highlighted that this move is part of the Dubai Social Agenda 33. The goal? To make the family the ‘Foundation of the Nation’ and ensure Dubai remains the best city in the world to live in, no matter your age.

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Extra cash for more families as UAE extends support to 2040

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Good news for Emirati families. The UAE just levelled up the Nafis programme, and it’s looking like a major win for those working in the private sector. In a move that basically says “we’ve got your back for the long haul,””the government has officially extended the initiative all the way to 2040.

So, what’s actually changing? The big headline is a new salary support package of up to Dh 3,000. This boost is specifically aimed at the children of Emirati women and the wives of Emirati citizens working in private firms. To get in on this, there’s a minimum salary threshold of Dh 6,000, making sure the support hits where it’s needed most.

But wait, there’s more. Remember the cap on child allowances? Yeah, that’s gone. The government has scrapped the limit on how many children can benefit, meaning bigger families get bigger support.

Mark your calendars:

  • New Beneficiaries: You’ll start seeing the impact in early September.
  • Existing Beneficiaries: Don’t worry, you aren’t being left out. The updates will roll out for you via a phased implementation over the next three years.

This initiative was officially announced by Sheikh Mansour bin Zayed Al Nahyan. It’s all part of a grand plan to make the private sector the ‘place to be’ for Emiratis for decades to come.

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