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Economy

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

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.

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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