The UAE economy..high flexibility and quick ability to adapt
Local companies achieved positive results during the first half of this year, in an indication of the strength of the UAE economy and its rapid ability to adapt to various economic conditions.
The inclusion of government companies in the markets contributed to giving a strong impetus to the performance of the financial markets.
Despite the economic storms that the world has experienced, perhaps the most prominent of which is the “Corona” pandemic and the heavy economic consequences that it has caused, the situation in the UAE is completely different, as the UAE economy has shown high resilience.
The net profits of 11 national banks listed in the local capital markets jumped to 21 billion dirhams during the first six months of 2022, to reflect strong financial solvency, which applied to all sectors.
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