Abu Dhabi and Dubai stocks on separate paths
Other Gulf markets moved sideways as investors appeared lacking a clear direction
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Other Gulf markets moved sideways as investors appeared lacking a clear direction
Gains for Aldar and Etisalat propels ADX, while property shines in Dubai
It's been particularly hard going for Dubai's real estate stocks
DIB traded at multi-week low after the latest earnings lagged
Dubai’s Emaar Properties posts 58% slump in net profit for 2020 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP Emaar now has a total sales backlog of Dhs36.677bn, of which Dhs24.738bn is in the UAE by Zainab Mansoor February 15, 2021 Dubai developer Emaar Properties reported a net profit of Dhs2.617bn, against Dhs6.2bn achieved in 2019, slipping 57.8 per cent. Meanwhile, its revenue of Dhs19.710bn, also dipped 19.8 per cent, against Dhs24.58bn in 2019. Emaar recorded overall property sales of Dhs10.902...