DUBAI/WAM Dubai Aerospace Enterprise (DAE) reported its financial results for the nine months ending on  September 30 2024, logging US$310.8 million in net profit, a year-on-year (YoY) increase of $110.2 million or 54.9 percent. Meanwhile, profit before tax settled at $326.6 million for the same period, compared to $207.5 million last year. Total revenue was $1.017 billion for the nine …

ABU DHABI/WAM Net foreign and institutional investments in equities reached AED25.6 billion during the first ten months of 2024, distributed by AED23 billion in the Abu Dhabi market and AED2.6 billion in the Dubai market. Based on official data from the Abu Dhabi and Dubai markets, foreign investors (Arabs and non-Arabs) were net buyers in the two markets worth AED22.1 …

ABU DHABI/WAM NMDC Energy PJSC (ADX: NMDCENR), a provider of engineering, procurement and construction services for offshore and onshore energy clients and a majority-owned subsidiary of NMDC Group PJSC (ADX: NMDC), has joined a group of 15 listed entities, known as the FADXI15, forming a Shari’ah-compliant index for global Islamic investors. This new index was launched by FTSE Russell, an …