The total value of stocks listed in the United Arab Emirates has exceeded $1 trillion for the first time. This increase is primarily due to the rise of companies associated with an Abu Dhabi royal, which now make up more than one-third of the overall market capitalization.
The UAE market, which includes both the Dubai and Abu Dhabi exchanges, has surpassed major European markets like Milan and Madrid. Although the UAE market is still smaller than Saudi Arabia's market, which is valued at nearly $3 trillion, it is considered one of the largest in the emerging markets category, ranking behind only India and China.
The growth in local listings has further contributed to the market's expansion, indicating a strong investment climate in the region.