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Business, Economy, Markets

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

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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