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DFM net profit climbs 124 percent
Its board has proposed a cash dividend of US$76.24m.
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Al Salam Bank buys back shares
The Bahrain’s bank has bought back around 445,000 treasury shares. -
DFM’s trade count up 161% after minimum trading commission waiver
Total number of trade count on Wednesday’s trading session reached to 6739 transactions, the highest level of daily trade count since the beginning of this year, compared to 2579 transactions on Tuesday. Trade count of Wednesday’s session has also jumped 146 percent compared to its 2740 average year to date. -
DIB ups foreign ownership limit to 40 percent
Group CEO says the bank geared towards benefitting from the re-opening of the Dubai economy post Covid-19 pandemic. -
History created: ADX market capitalization crosses US$300 billion
The UAE’s booming economy and the gradual opening up of the world markets helped Abu Dhabi Securities Exchange’s market capitalization to cross US$300 billion (AED1.1 trillion) on 12 July 2021. -
Dubai Investments buys additional NGI stake
Dubai Investments has acquired an additional 15.19% share of NGI from Emirates NBD Bank. -
Non-oil firms, banks play key role as UAE markets remain mixed
Banks remained in the first three positions on Dubai index in terms of market capitalization