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Emil Tarazi is the co-founder of Nukoud and writes on ETFs, market structure, and capital flows across the GCC
The Abu Dhabi Securities Exchange is removing daily price limits on ETFs effective August 3, 2026, allowing funds to track their underlying assets in real time rather than being frozen at artificial bands during volatile sessions.
Assets in AI-focused ETFs have exceeded USD 51 billion across the top 20 funds globally. The AGIX ETF became the first top-10 AI ETF listed on a GCC exchange in April 2026.
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FTSE Russell's June 2026 review adds four Saudi listings from late-2025 Tadawul IPOs to the Global Equity Index Micro Cap segment.
FTSE Russell has introduced a fast-entry mechanism allowing large IPOs like SpaceX and OpenAI to join the Russell US Index Series more quickly, while easing free float and voting rights requirements for companies with founder lock-ups.
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The semi-annual MSCI index rebalance generated AED 4.5 billion in notional turnover on the Abu Dhabi exchange, with trading accelerated ahead of the Eid al-Adha holiday closure. The closing auction saw concentrated demand across constituents being added, deleted, or reweighted.
SpaceX's S-1 filing reveals AI now accounts for 17% of revenue and is burning more cash than all other business segments combined, including a massive $15 billion annualized contract with Anthropic and plans to launch 100 gigawatts of orbital compute yearly.
SpaceX has filed for its proposed SPCX IPO on Nasdaq, integrating its Starlink connectivity business, AI infrastructure from xAI, and space operations into a single entity. The 2025 financials show $18.7 billion in revenue with Starlink generating 61% of sales.
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For the past two years, markets focused largely on compute, the GPUs, hyperscalers, and cloud infrastructure powering large language models
April 30 2026: Gulf equity markets retreated as reports of potential US military action against Iran triggered a broad risk-off tone across regional exchanges. Saudi Arabia's Tadawul fell 0.45%, while UAE and Qatar indices declined 1.63-1.68% on rising geopolitical risk premiums.
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The UAE's departure from OPEC and OPEC+ on May 1, 2026 liberates the world's second-largest spare oil capacity from quota constraints, positioning Murban as an independent crude benchmark for the first time.
Nasdaq's regulatory filing enables mutual funds to issue ETF shares off the same portfolio, potentially unlocking $20 trillion in US mutual fund assets for exchange trading. This structural innovation offers tax efficiency benefits and expanded US equity access for GCC investors.
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Learn how to access pre-IPO AI companies like SpaceX and Anthropic through the KraneShares Artificial Intelligence and Technology Fund, breaking through institutional barriers.
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