DFM ---ADX ---
4hEmirates NBD maintains steady growth as Q3 profits hit Dh6.4 billionFinance
7hSpaceX Reports Massive Q3 Growth Driven by AI and Starlink SurgeFinance
1dGold Prices in Dubai Dip Below Dh500 MarkFinance
2dDIP Holding Hits DFM: Dubai Investments Announces 20% Stake SaleFinance
2dDubai Gold Prices Hold Firm Above Dh500 MarkFinance
5dDubai Gold Prices Climb as Market Sentiment ShiftsFinance
5dHow UAE-based NRIs Can Participate in the Massive Jio IPOFinance
6dGold Prices Tumble as Inflation Data Triggers Rate Hike ExpectationsFinance
6dMukesh Ambani's Jio Sets Sights on Record-Breaking $3.2 Billion India IPOFinance
7dGold Prices Teeter as Investors Weigh US Interest Rates Against Geopolitical RisksFinance
7dDubai Gold Prices Hold Steady as Investors Await Key US Economic DataFinance
8dDubai gold prices climb as market eyes US inflation dataFinance
9dDubai gold prices remain stable as Navratri celebrations beginFinance
9dFragmentation in Africa’s Capital Markets: Lessons from the Dangote IPOFinance
9dWall Street Gears Up for Bank Earnings and Inflation DataFinance
11dRBI Intervenes to Stabilize Rupee Amid Currency Market VolatilityFinance
12dGold Prices Climb in Dubai as Festive Shopping Season BeginsFinance
14dGold Prices See Slight Gains Despite Pressure from Strong Dollar and YieldsFinance
14dDubai gold prices drop below Dh500 amid strengthening US dollarFinance
14dUS Equities Soar to Record Peaks as Treasury Yields RetreatFinance
15dDubai Gold Prices Dip Just in Time for Festive ShoppingFinance
15dGlobal Oil Stocks May Take Two Years to Recover, Says Aramco CEOFinance
16dDubai gold market sees price correction as rates softenFinance
19dGold Prices Edge Higher in Dubai Ahead of Key US Economic DataFinance
20dEuro Stumbles to 17-Month Low Amid Economic and Political HeadwindsFinance

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

Sun, Sep 6, 2026(45d 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.