Shares in UAE companies
Dec 14th 2010, 7:45 pm
#1
Forum Regular
Thread Starter
Joined: Dec 2010
Location: London, UK
Posts: 65
Shares in UAE companies
Has anyone bought any shares in companies from the UAE? Or are all companies private? I'm particular interested in the airlines. I recently read that they are intending to issue some shares.
Dec 15th 2010, 4:20 am
#2
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: Shares in UAE companies
Anyway, there are two (rigged) exchanges in the UAE in which you can buy shares in thinly traded, often illiquid, stocks.
Etihad is wholly owned by ADIC. Emirates, I guess, is owned by Dubai Holding. If you want to buy shares in them and lose some money then you would have to wait for the IPO.
Dec 15th 2010, 8:01 am
#3
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: Shares in UAE companies
I really wouldn't recommend it
Dec 15th 2010, 9:08 am
#4
BE Enthusiast
Joined: Sep 2008
Location: Dubai, United Arab Emirates
Posts: 930
Re: Shares in UAE companies
There are easier ways to lose all your money - the nearest drain would save a lot of time.
Dec 15th 2010, 9:12 am
#5
MODERATOR
Joined: Dec 2004
Location: Dubai
Posts: 6,370
Re: Shares in UAE companies
Never buy shares in any company you wouldn't be happy to keep for 10 years if the market shut down for a decade...that's what Warren Buffett says and he's made more money in shares than everyone in this forum will see combined in a lifetime
N.
Dec 15th 2010, 1:07 pm
#6
BE Enthusiast
Joined: Sep 2008
Location: Dubai, United Arab Emirates
Posts: 930
Re: Shares in UAE companies
It also comes down to trust. Take the rose-tints off Bruce, this isn't a proper country that plays by the rules of fair play......
Dec 15th 2010, 3:12 pm
#8
Lost in BE Cyberspace
Joined: Jul 2007
Posts: 13,553
Re: Shares in UAE companies
Jan 5th 2011, 11:42 am
#10
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Thread Starter
Joined: Dec 2010
Location: London, UK
Posts: 65
Re: Shares in UAE companies
I have another slightly related question, shall I start a new thread?
How do you guys trade stocks listed, for example, on the LSE?
What about taxes?
I'm interested in trading CFDs. What would be different?
Any thoughts or experiences you'd like to share.
How do you guys trade stocks listed, for example, on the LSE?
What about taxes?
I'm interested in trading CFDs. What would be different?
Any thoughts or experiences you'd like to share.
Jan 5th 2011, 12:16 pm
#11
Not an evil hypnotist
Joined: May 2007
Posts: 1,975
Re: Shares in UAE companies
You might be better starting on a site like The Motley Fool...
Jan 6th 2011, 4:04 am
#12
BE Forum Addict
Joined: Feb 2007
Location: Kuwait
Posts: 1,202
Re: Shares in UAE companies
Hi bruce
I trade for my own accounts a variety of instruments - stocks (both UK and US) and currencies (just the majors)
The biggest concern i have with the local stock markets(i.e. Kuwait) is that there is obvious market manipulation, liquidity is a BIG issue, you cannot short any stock and the volatility/liquidity is not high enough = however I do occassional throw some cash here more for a long term investment (for me long term is 3 months)
Basic line is to throw 10% of your final investment in and have a play
I trade for my own accounts a variety of instruments - stocks (both UK and US) and currencies (just the majors)
The biggest concern i have with the local stock markets(i.e. Kuwait) is that there is obvious market manipulation, liquidity is a BIG issue, you cannot short any stock and the volatility/liquidity is not high enough = however I do occassional throw some cash here more for a long term investment (for me long term is 3 months)
Basic line is to throw 10% of your final investment in and have a play
Jan 6th 2011, 8:21 am
#13
Forum Regular
Thread Starter
Joined: Dec 2010
Location: London, UK
Posts: 65
Re: Shares in UAE companies
Hi bruce
I trade for my own accounts a variety of instruments - stocks (both UK and US) and currencies (just the majors)
The biggest concern i have with the local stock markets(i.e. Kuwait) is that there is obvious market manipulation, liquidity is a BIG issue, you cannot short any stock and the volatility/liquidity is not high enough = however I do occassional throw some cash here more for a long term investment (for me long term is 3 months)
Basic line is to throw 10% of your final investment in and have a play
I trade for my own accounts a variety of instruments - stocks (both UK and US) and currencies (just the majors)
The biggest concern i have with the local stock markets(i.e. Kuwait) is that there is obvious market manipulation, liquidity is a BIG issue, you cannot short any stock and the volatility/liquidity is not high enough = however I do occassional throw some cash here more for a long term investment (for me long term is 3 months)
Basic line is to throw 10% of your final investment in and have a play
Do you use an off-shore account?
Does anyone use IG Markets?
Jan 6th 2011, 8:49 am
#14
BE Forum Addict
Joined: Feb 2007
Location: Kuwait
Posts: 1,202
Re: Shares in UAE companies
No tax in Kuwait - although i pay tax in UK for currencies trading - key thing is to be in profit !
If you are looking for tax advantages then you should use spreadbetting companies.
IG Markets is ok - but i prefer 0andA. There is a branch in Dubai and I am trying to open an account with them currently.
If you are looking for tax advantages then you should use spreadbetting companies.
IG Markets is ok - but i prefer 0andA. There is a branch in Dubai and I am trying to open an account with them currently.
