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Business, Economy, Markets

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

UAE stocks post gain of US$2.72bn in market cap

Dubai General Index slid to 3,382.31 points with blue-chip developer Emaar closing at $1.6.
By TRENDS Desk
September 8, 2022 5:42 pm
  • The UAE financial markets on Wednesday posted gains of over US$2.72 billion (AED10.billion) in market cap driven by upbeat sentiments.
  • Abu Dhabi index (FTFADGI) rose 0.566 percent to 9,717.38 points while Dubai General Index (DFMGI) slid 0.406 percent to 3,382.31 points.

ABU DHABI, UAE – The UAE financial markets on Wednesday posted gains of over US$2.72 billion (AED10.billion) in market cap driven by upbeat sentiments at the realty, banking, telecom sectors and cash inflows by institutions and individuals.

Abu Dhabi index (FTFADGI) rose 0.566 percent to 9,717.380 pts, with conglomerate International Holding Company (IHC.AD), traded as ASMAK, closing high at $95.3 (AED 350), after $101 million (AED374 million) of liquidity and NBAD edging 0.779 percent higher to $5 (AED18.4).

Dubai General Index (DFMGI) slid 0.406 percent to 3,382.310 pts with blue-chip developer Emaar closing at $1.6 (AED6.01).

Among other stocks, the Emirates NBD and Mashreq Bank increased 1.92 percent, and 1.270 percent to $3.6 (AED13.25) and $21.7 (AED80) respectively.

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