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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Net foreign investments in UAE stocks hit $8bn since start of 2022

Traders at the Dubai Financial Market in the Gulf emirate. (AFP)
By TRENDS Desk
December 29, 2022 2:29 pm
  • The volume of investments is the outcome of the UAE's ongoing efforts to attract foreign investors
  • Non-Arab investors' purchases of local shares in ADX and DFM amounted to $37,332,375,493

Abu Dhabi, UAE – The net investments of non-Arab foreigners in local UAE stocks amounted to around AED30 billion ($8 billion) since the start of 2022.

The volume of investments is the outcome of the UAE’s ongoing efforts to attract foreign investors, underpinned by the performance of listed companies.

According to data obtained by the Emirates News Agency from the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM), non-Arab investors’ purchases of local shares amounted to AED137,103,149,000 ($37,332,375,493) during 2022, while the sales hit around AED107,817,140,000, which equals to net investments worth around AED29.3 billion.

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