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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

UAE stock markets gain almost $6bn in first week of Ramadan

The Abu Dhabi and Dubai bourses gained a combined AED22 billion during the first week of Ramadan. (Creative Commons)
  • The ADX broke the 10,000-point barrier for the first time amidst increased demand for IHC's Apex National Investment
  • The DFM advanced 0.74 percent to 3,541.6 points following 5,251 transactions worth AED520.5 million ($141.73 million)

The Abu Dhabi and Dubai bourses gained a combined AED22 billion ($5.99 billion) during the first week of Ramadan, official sources have said.

The Abu Dhabi Securities Exchange (ADX) broke the 10,000-point barrier for the first time amidst increased demand for IHC’s Apex National Investment.

It drew AED10.1 billion ($2.75 billion) in transactions.

The main share index of the Dubai Financial Market (DFM) followed suit, advancing 0.74 percent to 3,541.6 points following 5,251 transactions worth AED520.5 million ($141.73 million).

The two bourses have been adhering to the Monday-to-Friday workweek — the norm across most of the world — since the beginning of the current calendar year.

That happened because the UAE shifted to a new 4.5-day workweek, with the weekend shifted to Saturday and Sunday, again the global norm.

As a result, this is also the first Ramadan the two bourses have been trading from Monday to Friday.

Before 2022, the typical workweek in the UAE used to begin on Sunday and go on till Thursday, with Friday and Saturday marked as non-working off days.

In the first week of the new timings, the Abu Dhabi index saw a slight decline, while the Dubai index closed higher.