News
Latest ETF news, market updates, and industry developments.
AI IPO Frenzy Continues as OpenAI IPO Filing Nears
OpenAI is reportedly preparing to confidentially file for an IPO as soon as this week with Goldman Sachs and Morgan Stanley, potentially setting up one of the largest tech listings in history. The AI company could be valued near $1 trillion, reshaping investor exposure to generative AI.
10 surprising things about the SpaceX IPO
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 files for long-awaited IPO: a company with no comparables
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.
CFI Launches DFM Stock Trading as UAE Retail Investing Expands
CFI Financial Group has launched trading access to over 40 Dubai Financial Market-listed companies, marking a significant expansion of retail investing infrastructure in the UAE.
ADX and Bloomberg Deepen Partnership as Abu Dhabi Expands Global Market Access
Abu Dhabi Securities Exchange (ADX) and Bloomberg have expanded their partnership, making ADX derivatives market data available directly through Bloomberg Terminal. This integration significantly increases visibility and accessibility of Abu Dhabi's derivatives products for global institutional inve
SpaceX Accelerates IPO to June 12th. Investors Can Participate through AGIX ETF on ADX
SpaceX is accelerating its Nasdaq IPO to June 12, targeting a $1.75 trillion valuation and raising up to $75 billion. Middle East retail investors can access SpaceX exposure through the AGIX ETF listed on Abu Dhabi Securities Exchange.
Trump and Xi meet in an increasingly complex world. Will markets welcome it?
Trump and Xi's meeting amid escalating Iran tensions could shift market dynamics. Chinese tech stocks surged 5% on Wednesday on hopes of trade concessions and reduced U.S.-China friction.
UAE Central Bank Support Package Crosses AED 6.2 Billion as Beneficiaries Top 65,000
The UAE Central Bank's support package has exceeded AED 6.2 billion, benefiting over 65,000 individuals, SMEs, and corporates through loan deferments and interest relief. Banking sector assets grew 2.1% during the support period, reflecting strong liquidity and financial stability.
ADNOC Plans $55bn Project Awards as UAE Energy Policy Enters New Phase
ADNOC is preparing to award AED 200 billion ($55 billion) in new projects between 2026 and 2028, marking an acceleration in execution following the UAE's formal exit from OPEC and OPEC+ effective May 1, 2026.
Gulf markets sell off on reports of continued military action in the region
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.
UAE Exit from OPEC+, Shift in Oil Policy
The UAE has announced its exit from OPEC and OPEC+ effective May 1, 2026, signaling a strategic shift toward independent oil production management while maintaining market stability.
UAE Announces Etihad Rail Passenger Stops and Dubai Gold Line: What It Means for Investors
Etihad Rail confirming the full list of stations ahead of its planned 2026 rollout.
