Publicly listed Dubai Financial Market (DFM) returned to profit on the back of a rebound in investor confidence buoyed by improved bank performance and a recovery in the property market.
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In a regulatory filing, the bourse said full-year profit for 2012 reached AED35.2m (US$9.6m) after posting a loss of AED6.9m the year before.
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"DFM company is heading into a new phase of development and growth thanks to the thriving economic climate in the emirate of Dubai and the United Arab Emirates," said the bourse's chairman Abdul Jalil Yousuf Darwish.
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Read more: http://www.arabianbusiness.com/dubai-financial-market-returns-profit--490127.html
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