The index climbed 1.6 per cent to finish at 2,946 points, its highest close since October 2008.
Most experts predict that in the short-term, rental values in the emirate will not skyrocket.
Dubai’s grand expenditure plans for Expo 2020 will add value to the emirate’s economy.
Employers would pay money earmarked for future retirements into a central system that would manage the money under Islamic principles.
The emirate’s bourse rose above the 3,000 point level for the first time since November 2008.
Sheikh Mohammed says Dubai Expo 2020 will stand out as the best edition in the event’s history in terms of “preparation and presentation.”
Hopes for a successful Expo bid have already led to speculation in the property market, where prices are up some 20 per cent over the past 12 months.
UAE’s Sheikh Abdullah bin Zayed is expected to meet Iranian Foreign Minister Mohammad Javad Zarif and other officials.
Iran signed an interim deal with six world powers to curb its nuclear programme.
The announcement was made through Dubai Media Office’s twitter page on Wednesday evening.
The UAE made history when it became the first Middle Eastern nation to win the bid to host an expo.
As Dubai basks in the success of its hard-won Expo 2020 bid, Gulf Business reveals the city’s benefiting industries.
27.11.2013 will be a date to remember in history, writes John Bailey, financial Planner at Acuma Independent Financial Advice.
Dubai beat rivals Izmir, Ekaterinburg and Sao Paolo to win the bid to host the mega event.
Dubai’s Expo 2020 win is anticipated to propel economic growth in the emirate.
Innovation has been an integral part of Dubai’s Expo 2020 bid, and experts say the win will boost the local technology sector.
Retail is expected to be one of the biggest gainers from Expo 2020 as Dubai is estimated to welcome around 25 million visitors.
The win will boost the emirate’s property market, say experts.
A successful Expo bid will boost Dubai’s economy but a risk of debts due to overspending looms.
The confidence in the UAE banking sector is quite strong, says Central Bank governor.
All the workers in Dubai will require to be covered under health insurance by their employers as part of a new law.
The project cost Dhs100 million, and is expected to start selling locally produced salmon within six to eight months.
The company plans to use net proceeds from the sale for general corporate purposes including re-financing existing indebtedness.
The Fifa president has said Qatar’s labour rights situation is “unacceptable” amid a wave of negative headlines.
In August 2012 Aramco suffered an attack on 30,000 computers.
Winning Expo 2020 will hugely benefit the UAE’s events industry, says Roberts.
A seven-member committee headed by Sheikh Ahmed Bin Saeed Al Maktoum, chairman and CEO of Emirates Group, is in Paris ahead of the Expo 2020 vote.
Dubai launched a major drive to develop its Islamic business sector in January this year.
As the countdown to the Expo 2020 announcement begins, Gulf Business explains what will happen on November 27.
As the Expo 2020 announcement looms closer, Gulf Business recounts memorable quotes about Dubai’s bid.