Economy

34.8 thousand new accounts for investors in Dubai Financial within 8 months

Published

4 weeks ago

September 1, 2023

34.8 thousand new accounts for investors in Dubai Financial within 8 months

Brokerage firms in the Dubai Financial Market added 34,818 new accounts for investors in the first eight months of the year, amid a surge in market momentum since the announcement of the listing of 10 state- and semi-state-owned companies, which contributed to increasing its attractiveness. and attracting new segments of investors.

According to Dubai Financial Market data, the number of new accounts registered a growth of more than 51% from the beginning of 2023 to the end of last August, compared to 23,039 new accounts in the same period last year.

4,295 new accounts were distributed in August last, 3,570 accounts in July, 4,246 accounts in June, 5,349 accounts in May, 4,246 accounts in April, 6,591 accounts in March, 3,436 accounts in February and 3,02023 accounts in January.

The data shows a 73% increase in new accounts (4,295 accounts) in August 2022, an increase of about 2,484 new accounts in August 2022 equaling 1,811 new accounts.

Five brokerage firms accounted for approximately 83.4% of the total number of new trading accounts on the Dubai Financial Market in August 2023, which ultimately equated to 3,582 accounts, including “BHM Capital” with 1,341 accounts out of 859 accounts. Last July.

It is followed by “Emirates NBD Securities” with 856 accounts out of 727 accounts, then “Abu Dhabi Islamic Securities” with 531 accounts out of 473 accounts, then “Al Ramz Capital” with 457 accounts out of 541 accounts, and finally “International Securities” with 250 accounts.

In addition, local stock markets added more than 335 billion dirhams to their market capitalization in the first eight months of the year, fueled by new listings and increased demand from companies and investment portfolios.

In addition to the “Al Ansari” listing, the market value of the markets was enhanced by four new listings in the Abu Dhabi market, including “ADNOC Gas”, “Brissite” Artificial Intelligence Solutions and “ADNOC Logistics and Services”. Financial services shares on the Dubai Financial Market. The market capitalization of listed stocks rose from 3.205 trillion dirhams at the end of last year to 3.54 trillion dirhams in the last session of last August, with 2.855 trillion dirhams distributed to listed stocks and 685.3 billion dirhams to stocks on the Abu Dhabi Securities Market. In the Dubai Financial Market.

7.43 billion dirhams, net purchases by companies

Amid increased investor opportunities and continued growth in the national economy, investment firms increased their purchases in local stock markets in the first eight months of this year.

According to data from the Abu Dhabi Securities and Dubai Financial Markets, institutional investment from January to the end of August reached net purchases of 210.472 billion dirhams worth of local stocks worth 7.438 billion dirhams, compared to gross sales of 203.035 dirhams. billion dirhams.

From the beginning of this year to the end of the last sessions in August 2023, companies reached a net investment of more than 6.125 billion dirhams in the Abu Dhabi securities market, after recording purchases worth 179.415 billion dirhams, compared to sales. 173.290 approximately one billion dirhams.

In the Dubai market, institutional investments reached net purchases worth Dh1.313 billion from the beginning of this year to the end of the last August session, after recording purchases worth Dh31.057 billion, compared to sales of Dh29.745 billion.

Dubai market profit of 3.7 billion dirhams

At the end of the last trading sessions of the week, local stock markets attracted more than 1.13 billion dirhams of liquidity, with “International Holding” and “Emaar Properties” leading the trade. The liquidity was distributed after 941.527 million dirhams were traded in the Abu Dhabi Securities Market and 190 million dirhams in the Dubai Financial Market and 250.66 million shares were traded by executing more than 16.28 thousand transactions.

The Dubai Financial Market strengthened its gains at the close of trading, and its market capitalization gained more than 3.69 billion dirhams, mainly supported by gains in leading stocks in the real estate and financial sectors.

The market capitalization of shares listed on the Dubai Financial Market increased from 685.338 billion dirhams at the end of Thursday’s session to 689.03 billion dirhams at the end of Friday’s session, while the market capitalization of the Abu Dhabi Securities Market reached about 2.851 trillion. Dirhams.

The Dubai Financial Market Index rose 0.18% to 4,090.04 points and the Abu Dhabi Stock Market Index fell 0.24% to 9,786.63 points.

Nadia Barnett

“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”

Economy

4 new AI tools you can use to edit photos on Instagram

Published

6 hours ago

September 30, 2023

Nadia Barnett

4 new AI tools you can use to edit photos on Instagram

As part of Meta’s Connect conference last Wednesday, Mark Zuckerberg revealed several creative AI features that will be useful for some content creators and influencers. For example, users will be able to use Meta’s AI technology, revealed as Emu. In the Instagram app.

Zuckerberg said Meta will begin rolling out these photo-editing and generative AI tools to Instagram “in about a month,” and Meta’s Emu technology will take seconds to generate images, Zuckerberg said during the Connect conference.

In addition to photo editing tools, Meta is already releasing AI stickers that use Emu and Llama 2 technology, and advanced applications of AI will soon appear in Meta apps in the form of chatbots or AI-powered assistants. Meta will begin testing the beta feature immediately.

Here’s a full rundown of the new AI features Meta brings to Instagram:

– New photo editing tools in the Instagram app:

Like many apps and generative AI filters that are ubiquitous on TikTok, Instagram is adopting its own generative AI tools. Users can also edit photos by “re-styling”, which changes the artistic style of the photo, similar to altering the photo. A watercolor, or “background,” that allows users to replace the background of the image with an illustration.

Any image edited using these tools “represents the use of artificial intelligence,” Mitta wrote in a blog post.

– AI-generated stickers for use in direct messages:

Instead of sticking with Instagram’s existing preloaded stickers or emojis, Meta is rolling out a new tool that lets users create unique stickers using AI. Meta wrote in his blog post that the feature will be rolling out to “select English users next month.”

AI stickers are also available in Instagram features like Live Messages and Stories, and other apps like WhatsApp, Messenger and Facebook’s Stories feature.

– Interactive AI bots – or characters:

In addition to its general AI assistant called “Meta AI,” Meta is working with celebrities and influencers to develop 28 AI chatbots. The first cast uses celebrities and popular influencers like Tom Brady and Kendall Jenner. MrBeast, LaurDIY, and Charli D. Amelio and the AI characters will have their own profiles on Instagram and Facebook.

– Creators will be able to build their own robots in the future:

“We’re building a platform to build AI that can help you do things or have fun,” Zuckerberg said. “The way it works is that people can interact with these AI systems across the entire product universe. .”

Zuckerberg pitched these AI bots as a potential way for creators to “engage” with their communities. The creator of these bots should be “authorized” and “directly controlled,” Meta wrote in a blog post. Already, many startups have released AI tools. Similar applications allow creators to create AI versions such as Afterparty or Render Media.

Nadia Barnett

“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”

Economy

Inflation in the euro zone fell to its lowest level in a year

Published

14 hours ago

September 30, 2023

Nadia Barnett

Inflation in the euro zone fell to its lowest level in a year

Economic data released today on Friday showed that the euro zone’s core inflation rate fell to its lowest level in nearly a year this month, bolstering expectations that the European Central Bank will keep interest rates on hold at its next meeting to assess. The consequences of an unprecedented campaign to raise interest rates throughout the past.

European statistics agency Eurostat reported today that sales, excluding highly volatile items such as food and energy, fell to 4.5% this September, while analysts polled by Bloomberg News had expected a drop of 4.8%, compared with 5.3%. In the month, in the past.

At the same time, the headline inflation rate eased to 4.3% this month from 5.2% last August, the lowest level in nearly two years and well below expectations, thanks to a fall in energy prices. Accelerating rate of rise in prices of services.

The data released today is a strong indication that core inflation, a key measure for the central bank’s monetary policymakers, is on a downward path following a period of statistical deterioration over the summer months.

Despite the decline, general and core inflation rates have been more than twice the central bank’s target of 2% annually.

At the same time, there is a wide disparity in inflation rates between the euro zone’s twenty member states, with the inflation rate in Germany falling to its lowest level in two years this month, while the rate in Spain rose by more than 3. % again.

The current September consumer price inflation rate showed a new decline, reaching its lowest level in more than a year and a half, with the Italian statistics office saying the inflation rate fell to 5.3 for the current month. % y/y compared to 5.4% last month, while the core inflation rate, excluding highly volatile food and energy prices, fell to 4.6% this month, down from 4.8% last month.

Nadia Barnett

“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”

Economy

Meta unveils new artificial intelligence products

Published

22 hours ago

September 29, 2023

Nadia Barnett

Meta unveils new artificial intelligence products

Mark Zuckerberg, CEO of MetaPlatforms, has introduced a group of new products powered by artificial intelligence, including smart glasses that can answer questions and broadcast live on Facebook, as well as “bot” programs to create images and an advanced headset for virtual reality. .

Zuckerberg described the products as bridging the virtual and real worlds, and asserted that low-cost or free artificial intelligence in what Meta offered could be integrated into daily routines.

The MetaQuest virtual reality headset is one of the most popular in the burgeoning virtual reality industry, and company executives described it as the best value in the industry, marking the imminent launch of an expensive headset from Apple.

Speaking from the central courtyard at Meta’s sprawling campus in Silicon Valley, Zuckerberg said Meta’s new generation of Ray-Ban smart glasses will launch on October 17 for $299.

The device will have a new assistant from Meta that works with artificial intelligence and will be able to live-stream what the user sees on Facebook and Instagram, a feat compared to the previous generation’s ability to take pictures.

Earlier during the presentation, Zuckerberg said that the latest mixed reality headset (Quest) will start rolling out on October 10.

Zuckerberg’s statements came at the MetaConnect conference, the social media company’s biggest event of the year and the first to be held in person since the start of the Covid pandemic.

It launched the first consumer-oriented generative artificial intelligence products, in which a chatbot (meta AI chatbot) can generate text responses and realistic images.

Zuckerberg emphasized: “It’s not just about answering inquiries. It’s about helping people do things for entertainment and interacting with the people around you.”