Dubai-listed firms outperform GCC peers with nearly 30% profit rise in Q2 2023

Companies listed on the Dubai Financial Market (DFM) recorded a nearly 30% increase in net profits in the second quarter of 2023 compared to a year ago, outperforming their peers in other GCC markets.

Total net earnings for Dubai-listed businesses reached $5 billion in the second quarter of the year, up by 28.6% from a year ago, according to  Kamco Invest.

Emirates NBD emerged as the top earner, with total net profits of about AED6…