DFM ---ADX ---
2hUAE Firms See Q2 Profits Climb 28.6% Driven by Banking and Real EstateFinance
3dDollar Strengthens to Seven-Week High Amid Geopolitical TensionsFinance
4dGold Prices Tumble to Two-Week Low as Yields and Dollar SurgeFinance
4dEuropean Markets Stumble as Inflation Fears and Rising Yields MountFinance
4dDubai Gold Prices See Continued Decline as Market Pressure MountsFinance
5dGold Prices Hold Steady in Dubai Amid Global Market ShiftsFinance
6dDubai Gold Prices Retreat as Markets Brace for Federal Reserve UpdateFinance
6dGold Prices in Dubai Dip: Is a Further Drop on the Horizon?Finance
9dEmirati Women Drive Massive Growth in UAE Financial MarketsFinance
10dTaqa to Delist from ADX Following Full Acquisition by Abu Dhabi Power CorporationFinance
10dDubai Gold Prices Remain Steady as Markets Eye Fed Policy ShiftsFinance
11dGold prices in Dubai hold steady as market awaits Fed guidanceFinance
11dAbu Dhabi Islamic Bank Announces Dh1.75 Billion Rights Issue to Fuel GrowthFinance
12dGold Prices Dip Slightly Following Geopolitical TensionsFinance
13dPakistan’s Remarkable Market Surge: A New Era of Economic GrowthFinance
14dADX Hits 99% Disclosure Compliance Milestone in H1 2026Finance
14dGold Prices in Dubai: Will 24K Reach the Dh600 Mark Again?Finance
16dDubai Gold Prices Continue Upward Surge as Rates Climb Near Dh550Finance
16dGold Prices Pull Back as Inflation Fears and Profit-Taking Set InFinance
17dGold Prices Surge in Dubai: Weekly Gains Reach Dh17.5Finance
18dDubai Gold Prices Dip Amid Global Market AnticipationFinance
19dDubai Gold Prices See Minor Dip Amid Global Market StabilityFinance
19dEmerging Markets Shift: Investors Diversify Beyond U.S. AssetsFinance
19dShein’s Shrinking Valuation: Fast-Fashion Giant Targets $25 Billion IPOFinance
20dGold prices tick higher in Dubai amid shifting US rate expectationsFinance

UAE Firms See Q2 Profits Climb 28.6% Driven by Banking and Real Estate

Sun, Sep 6, 2026(2h ago)Finance

Publicly traded companies across Abu Dhabi and Dubai delivered a stellar performance in the second quarter of 2026, recording a combined net profit of Dh79.2 billion. According to data from Kamco Invest, this represents a significant 28.6% increase compared to the same period last year. Abu Dhabi led this impressive growth trend, with its listed firms seeing profits jump by 41.8%, while Dubai-based companies posted a steady 4.9% gain. This overall resilience highlights the strength of the UAE's corporate sector despite ongoing regional geopolitical instability.

The momentum was largely fueled by robust activity in the banking, real estate, and capital goods sectors. In Abu Dhabi, major players like First Abu Dhabi Bank and International Holding Company were key contributors, while Dubai’s market was heavily propped up by the real estate giant Emaar Properties and major lenders like Emirates NBD. This regional success mirrored a broader trend across the GCC, where total net profits reached a record $74.8 billion. The surge was further supported by a 27% increase in average Brent crude prices, which bolstered energy company earnings and solidified the region's overall financial health heading into the second half of the year.

Comments0
No comments yet. Be the first to share your thoughts.