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Abu Dhabi’s megacaps made 73% of UAE’s 1H earnings
Dubai’s earnings flatlined because its economy is built on the sectors most exposed to the fallout from the Iran conflict…
THIS MORNING: Du gets the MSCI EM nod as two names get the boot + Wendy’s could be BlueFive’s latest play
Stargate UAE is still on track despite the war
UAE sees the smallest foreign outflow of any Gulf equity market in July
Abu Dhabi recorded US 148 mn net foreign inflow in July, leading Gulf bourses.
Abu Dhabi equities gained ground as Dubai lagged behind in July; debt markets are likely to remain slow, analysts say
Abu Dhabi was the only major Gulf equity market to gain in July, and Kuwait’s sovereign kept the region’s bond…
THIS MORNING: Adnoc is scrapping its old pricing system + L’imad is wrapping up its Taqa takeover
Fuel prices are ticking up once again after a dip in July
Chipmaker slump hits global markets as investors reassess AI outlook
China’s rise in AI is also raising concerns among investors
THIS MORNING: Dana Gas gradually restarts Khor Mor production + MENA equity issuances plunge in 1H
Plus: You can now pay for Emirates flights through Crypto.com
UAE stocks extend foreign investor exodus as Dubai leads GCC outflows in 2Q
Foreign investors sold a net USD 641.5 mn worth of Dubai-listed shares during the quarter
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