July, 2022

• 28 July

  Banco Santander posts $2.4bn net income in Q2

    Bloomberg Banco Santander SA earnings beat expectations, as rising revenue helped the Spanish retail-banking giant offset the impact of increased costs and surging inflation. Spain’s biggest lender posted net income of 2.35 billion euros ($2.4 billion) in the second quarter, exceeding the analyst consensus of 2.25 billion euros as net interest income jumped 7.9% from the first three months ...

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• 28 July

  Deutsche Bank’s DWS sees more outflows in Q2

    Bloomberg Deutsche Bank AG’s asset management unit saw outflows for a second consecutive quarter, marking an abrupt end to a period of growth that saw assets under management touch a record last year. DWS group’s clients pulled $25.4 billion in the three-month period, according to a statement. That missed the 403.3 million-euro consensus of inflows forecast by analysts polled ...

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• 28 July

  Stocks push higher amid bets on slower Fed hikes

  

  Bloomberg Stocks rise on Thursday as the prospect of a slower pace of Federal Reserve monetary tightening filtered across global markets. Investors are turning their focus to the busiest day of the earnings season along with key economic data. Mining and energy shares gained in Europe as oil advanced. Solar energy and renewables stocks rallied in Europe and premarket trading ...

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• 28 July

  Alibaba’s gains from primary listing plan wiped out in two days

  

    Bloomberg Euphoria surrounding Alibaba Group Holding Ltd.’s primary listing plan has evaporated in just two sessions, as focus shifts to the firm’s earnings announcement due next week. Shares of the e-commerce giant slid 1.8% on Thursday, putting it back at levels seen before announcing it would seek the listing status. Goldman Sachs Group Inc. said the move may draw ...

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• 28 July

  ADX ranks first in Arab region in terms of market value increase

  

    ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) has recorded its highest rise in terms of market value and trading value at end of the second quarter of 2022, according to the Arab Monetary Fund (AMF). In its quarterly bulletin on the performance of Arab stock markets issued on Wednesday, the AMF noted that the ADX achieved an ...

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• 28 July

  President, VP send condolences to Philippines for quake victims

    Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of condolences to President Ferdinand Marcos of the Philippines over the victims of the earthquake that struck north Manila which killed and injured scores of people. President His Highness Sheikh Mohamed wished a speedy recovery to the injured. His Highness Sheikh Mohammed ...

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• 28 July

  Aldar buys Doubletree by Hilton resort in RAK

  

    Abu Dhabi / WAM Aldar Properties, through its Aldar Investment business, has announced the acquisition of the beachfront resort, DoubleTree by Hilton Resort & Spa Marjan Island, and an adjacent beachfront development plot for a total consideration of AED810 million. The acquisition adds considerable weight to the company’s hospitality and leisure portfolio, which now has a total of over ...

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• 28 July

  NMDC group, James Fisher sign deal on marine, subsea projects

  

    Abu Dhabi / WAM National Marine Dredging Company Group and James Fisher and Sons plc (James Fisher) signed a memorandum of understanding to collaborate on key projects and opportunities in the oil and gas sector as well as decommissioning, offshore wind and marine civil construction industries worldwide. Combining the expertise, global footprint, scale and capabilities of their subsidiaries, NMDC ...

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• 28 July

  Sharjah’s realty deals hit AED11.2b in H1 ’22

  

    Sharjah / WAM The semi-annual report issued by the Sharjah Real Estate Registration Department (SRERD) revealed that the value of real estate trading during the first six months of 2022 amounted to AED 11.2 billion. The total number of sales transactions amounted to 3,327, with a total value of AED4.1 billion, of which AED3.9 billion were in the city ...

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• 28 July

  Adnoc Drilling secures AED7.49b deals for Hail, Ghasha gas project

  

    Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Wednesday announced the award of two substantial contracts totalling $2 billion (AED7.49 billion) to Adnoc Drilling for the Hail and Ghasha Development Project. The contracts comprise $1.3 billion (AED4.89 billion) for integrated drilling services and fluids and $711 million (AED2.6 billion) for providing four Island Drilling Units. A ...

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