Adnoc L&S’s earnings surge, Dubai Investments’ jump, Tabreed’s stall
Real estate and rentals drove Dubai Investments’ results
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Real estate and rentals drove Dubai Investments’ results
New store openings and sales growth also boosted its results
Emaar’s net income surged 25.6% y-o-y to AED 11.1 bn on revenues of AED 23.9 bn
The effects of the regional war are continuing to show through on income statements
Adnoc’s record earnings were driven by higher fuel prices, stronger commercial margins, and fast-growing non-fuel businesses
Alpha Data revenues were up 13.6% y-o-y in 2Q to reach AED 806.5 mn
2Q saw the tight rental market work in the REIT’s favor, while revenue growth slowed for Alpha Dhabi
The regional war weighed on the earnings of some, while acting as an upside for others
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