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HuaweiDUBAI - Al Mal Capital has kept its “outperform” rating on Drake & Scull International PJSC after the contracting and engineering company said its second quarter net profit grew 15 per cent from the previous quarter.
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DUBAI - UAE shares capped the week in positive territory, with investors in Dubai focusing on large caps Emaar Properties and Drake & Scull International, or DSI ahead of their second quarter results.
DUBAI - Standard & Poor’s Ratings Services upgraded Arab Orient Insurance Company to ‘A’ with a stable outlook removing the CreditWatch, placed on May 13.
DUBAI - Dubai oil, an Gulf benchmark for Asia, will sell at a discount of 30 cents to Omani crude for October, the emirate’s Department of Petroleum 
Affairs said.
DUBAI — UAE shares slipped on Wednesday tracking global markets, while a dip in oil prices and weak second quarter results of major companies helped dampened sentiment.
ABU DHABI — The consolidated net profits of Abu Dhabi Islamic Bank, or ADIB, fell 29.8 per cent to Dh193.4 million in second quarter of the year from Dh275.7 million in the corresponding period last year, as the property subsidiary of the lender booked losses.
DUBAI — Emirates Gas, a unit of the government-owned Emirates National Oil Company, is the biggest supplier of liquefied petroleum gases (LPG) in the UAE.
DUBAI — Property consulting firm CB Richard Ellis said weak sales, a dearth in demand and new supply coming in will likely lead to further declines in property prices and rentals in Dubai in the second half, but the drop won’t be as severe in the previous half of the year.
DUBAI — Over 2,000 delegates attending the annual conference of Travel Agents Association of India, India’s largest travel trade body, from September 29 to October 2 in Dubai, will help promote Dubai’s key features and attractions to the Indian outbound 
travel market.
DUBAI — In line with increasingly strong trade ties between Dubai and China, the emirate and the People’s Republic are actively exploring opportunities to enhance cooperation in the gold trade, according to senior executives at DMCC.