Middle East Economic Survey
TRADE AND COMMERCE
UAE Listed Firms See Mid-Year Profits Rise 30%
The profits of UAE institutions, mostly banks, listed on the local stock exchanges rose 30.2% in the first half of the year compared to the same period last year, the state news agency WAM has reported. Profits of 41 local companies listed on the Abu Dhabi and Dubai bourses went up to Dh5.988bn ($1.63bn) from Dh4.597bn ($1.25bn) in the first six months of 2003. Banks...