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DFM posts 63% growth in net profit of H1 2022 to Dhs63.4 million

29 Jul 2022

The Dubai Financial Market (DFM) has announced its consolidated financial results for the first half of the year ended 30th June 2022, posting a 63% increase in its net profit...

Recession lurking as US economy shrinks again in second quarter

28 Jul 2022

The US economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, which could fan financial market fears...

Adnoc Distribution to acquire 50% stake in TotalEnergies

28 Jul 2022

Staff Reporter, Gulf Today Adnoc Distribution, the UAE’s largest fuel and retail distributor, has announced it has entered into an agreement with TotalEnergies Marketing Afrique SAS to acquire a...

Indian shares snap six-day rally

25 Jul 2022

Indian shares broke their longest gaining streak since last October on Monday, as automakers slid and index heavyweight Reliance Industries dragged after its earnings fell short of expectations. The NSE...

India Inc signs 1,149 deals worth over $104.3 billion in H1 of 2022

21 Jul 2022

India Inc signed 1,149 deals valued at $104.3 billion in the first half of this year, amid global uncertainties, and the country saw $6 billion from 17 IPOs -- the...

Global stocks sweep higher on US corporate earnings report

19 Jul 2022

Global stock markets climbed on Tuesday as equities rallied while the dollar was down for a third straight day as the door was opened for the European Central Bank to...

Indian shares close at over 1-month high on bank, auto boost

19 Jul 2022

Indian shares closed at a more than one-month high on Tuesday as banking and auto companies gained, while the rupee recovered after breaching 80 against the dollar. The NSE Nifty...

China’s economy shrinks sharply in Q2, global risks darken outlook

15 Jul 2022

China’s economy contracted sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns and pointing to persistent pressure over coming months from a darkening global...

IT spending in India to reach $114.9b in 2022

15 Jul 2022

The IT spending in India is likely to reach $114.9 billion in 2022, growing 7.7 per cent from last year, a Gartner reports said on Friday. Global economic uncertainty continues...

Opec forecasts slower 2023 oil demand growth

12 Jul 2022

Opec expects global oil demand to rise in 2023 but at a slower pace than 2022, the producer group said in its first forecast for next year, citing still robust...

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