Emaar Development's H1 2021 net profits up 46% at Dh1.51 billion
Emaar now has a robust sales backlog of Dh27.57 billion
Source: gulfnews.com
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Emaar Properties reports Dh1.56 billion in H1 profit
The first-half sales represent a 229 per cent increase compared to the first-half 2020 property sales of Dh5.120 billion
Source: khaleejtimes.com
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MIDEAST STOCKS Abu Dhabi hits record high as IHC extends gains
Abu Dhabi stocks closed at a record high on Wednesday, lifted by extended gains in International Holding (IHC) after the conglomerate delivered strong first-half numbers earlier this week.
Source: reuters.com
Emaar Development's log a whopping 46% rise in H1-2021 net profits at Dh1.51b
Emaar now has a robust sales backlog of Dh27.57 billion
Source: gulfnews.com
Here are the UAE stocks disproving that old market saying about a subdued May
‘Sell in May and go away…" is the famous financial world adage. But it didn't work with UAE stocks this year. The saying suggests that stocks tend to underperform in May – this year, however, DFM rallied a stellar 7.37 per cent and ADX gained 8.46 per cent. The gains on DFM were powered by an 8.43 per cent rally for Emirates NBD and an 8.54 increase at Dubai Islamic Bank. First Abu Dhabi Bank, with a weightage of almost 40 per cent in ADX, jumped 16.43 per cent, helping the index close higher for the month. Reports that First Abu Dhabi Bank's weighting in the MSCI Emerging Markets index...
Source: gulfnews.com