Abu Dhabi / WAM Alpha Dhabi Holding has announced its financial results for the half-year ended June 30. The company reported net profit of AED7.9 billion, up significantly from the corresponding period last year of AED1.7 billion. Revenues for the group saw positive contributions and cross sector growth across its verticals year-on-year. On a half yearly basis, the group ...

DUBAI / WAM Dubai’s real estate market recorded a total of 8,897 sales transactions worth AED22.75 billion, the highest volume of sales transactions for the month of June in the past nine years, according to Mo’asher, Dubai’s official sales price and rental performance index. The month of June witnessed a 34 percent increase in terms of volume and a 24.8 ...

  DUBAI / WAM Commercial Bank International (CBI) has announced its second quarter 2022 financial results, with net profit increasing by 67% from AED20.6 million in Q1 2022 to AED34.4 million in Q2 2022. The operating profit increased by 82% from AED40.3 million to AED73.2 million, a bank statement said. Net operating income increased by 42%, from AED110.8 million to ...