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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.

Upbeat sentiments driving UAE stocks

    • A total of Dh1.235 bn in deals were conducted in ADX while DFM saw Dh212 million in deals

    • Emaar Properties led the best performing shares at the DFM

     At Abu Dhabi and Dubai main share indexes remained in the positive territory Tuesday, and climbed 0.53 percent and 0.29 percent respectively, driven by banking and realty blue chips.

    At Abu Dhabi Securities Exchange (ADX), the International Holding Company (IHC) continued to surge to Dh97.10, with the country’s largest lender FAB closing at Dh16.58. Etisalat also rose to Dh22.22 and Aldar Properties to Dh3.82.

    At Dubai Financial Market, Emaar Properties led the best performing shares at the Dubai Financial Market (DFM), rising to Dh4.17, with the emirate’s largest lender Emirates NBD Bank rising to Dh13.90.

    A total of Dh1.235 bn in deals were conducted in ADX while DFM saw Dh212 million in deals.

    Meanwhile, on Tuesday Al Yah Satellite Communications, or Yahsat, the satellite operator owned by Mubadala Investment Company, announced its plans to sell at least 30 per cent of its shares in what would be the first public offering on the Abu Dhabi Securities Exchange since 2017.