comparemela.com


UAE Phone Operators Surge on Plan to Raise Foreign Ownership
Bloomberg
1/19/2021
Abbas Al Lawati and Filipe Pacheco
(Bloomberg) -- The two main phone operators in the United Arab Emirates surged after saying they may raise limits on foreign ownership, joining others in the region seeking to attract more overseas investment.
Etisalat and Du both rose as much as 15% shortly after the open in Dubai and Abu Dhabi, the maximum allowed by the exchanges. Etisalat climbed to a record high, while Du traded at the highest level since 2016. The shares trimmed gains to 11% as of 11:15 a.m. in the UAE.
A higher cap on foreign ownership will allow index providers such as MSCI Inc. and FTSE Russell to consider an increase of the stock’s weight in emerging-market equities benchmarks, triggering passive inflows.

Related Keywords

Dubai ,Dubayy ,United Arab Emirates ,Abu Dhabi ,Abuz Aby ,Bloomberg Etisalat ,Bloomberg ,Etisalat ,First Abu Dhabi Bank ,Abu Dhabi National Energy Co ,Dubai Financial Market ,துபாய் ,ஒன்றுபட்டது அரபு அமீரகங்கள் ,தபி ,ப்ளூம்பெர்க் ,துபாய் நிதி சந்தை ,

© 2025 Vimarsana

comparemela.com © 2020. All Rights Reserved.