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Resilient Abu Dhabi market advances 037 |
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News -
Business News
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Monday, 08 August 2011 05:10 |
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Despite global markets in East and West declining on Monday on new rescession fears, the ADX General Index closed 0.37% higher at 2,612.80 points, monstly by gains in the real estate and by heavyweight Etisalat (up one percent at Dhs10.45). Shares of Abu Dhabi Islamic Bank , better known as ADIB, closed even at Dhs3.27. Earlier in the day, ADIB reported Q2 net profit of Dhs313.82m, up from Dhs301.6m in the corresponding period of 2010. ADIB upgraded its presence in the UAE retail banking
sector, increasing its number of branches to 66 from 57 in Q2 2010. Read more:
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