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Economy, Markets

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

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.

UAE stocks gain US$3bn in Wednesday trade

The UAE financial markets on Wednesday posted gains of more than US$3bn) market cap. File pic
By TRENDS Desk
September 8, 2022 9:45 am
  • Abu Dhabi index (FTFADGI) rose 0.566 percent to 9,717.380 pts, with conglomerate International Holding Company (IHC.AD) closing high at AED 350
  • Among other stocks, the Emirates NBD and Mashreq Bank increased 1.92 percent, and 1.270 percent to AED13.250 and AED80.00 respectively

Abu Dhabi, UAE – The UAE financial markets on Wednesday posted gains of more than AED10.billion (US$3bn) in market cap driven by upbeat sentiments at the realty, banking and telecom sectors and cash inflows by institutions and individuals alike.

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 AED 350, after AED374 million of liquidity and NBAD edging 0.779 % higher to AED18.400.

Dubai General Index (DFMGI) slid 0.406% percent to 3,382.310 pts with blue-chip developer Emaar closing at AED6.010. Among other stocks, the Emirates NBD and Mashreq Bank increased 1.92 percent, and 1.270 percent to AED13.250 and AED80.00 respectively.

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