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Economy

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

Assets of UAE national firms climbs 10% to $116bn in H1

Real estate and banking companies were the primary contributors to Thursday's 0.4 percent drop in the Dubai Stock Exchange's benchmark index. (AFP)
By TRENDS Desk
August 25, 2022 12:31 pm
  • According to the disclosures made by 118 listed companies, their assets increased to $1.289 trillion at the end of June
  • The banking sector was the leading contributor, with 17 banks accounting for 69 percent of total assets, valued at $891 billion at the end of June 2022

The assets of national companies listed in local financial markets has climbed up 10 percent in the first half of 2022, equivalent to $116 billion.

According to the disclosures of 118 listed companies their assets increased to $1.289 trillion at the end of June.

A total of 74 listed companies listed in the Abu Dhabi Securities Exchange (ADX) accounted for 59.8 percent of total assets, valued at $771 billion at the end of June 2022.

A total of 44 listed companies in the Dubai Financial Market accounted for 40.2 percent of total companies’ assets, valued at $518 billion at the end of June.

The banking sector was the leading contributor, with 17 banks accounting for 69 percent of total assets, valued at $891 billion at the end of June 2022.

 

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