What you need to know as UAE markets open on August 6

Here are some things you need to know as markets open today in the United Arab Emirates.

1) Abu Dhabi-listed Al Khaleej Investment said its Q2 2017 net profit stood at AED 7.7 million, compared to AED 7.4 million in the same period last year.

2) Ras Al Khaimah Cement Co. made a net loss of AED 3.5 million in Q2 2017, compared to a profit of AED 2.5 million the same period last year.

3) Al Firdous Holdings reported a net loss of AED 2.11 million for Q2 2017, versus a loss of AED 2.13 million in Q2 2016.

4) Agility Public Warehousing Co. reported a net profit of KWD 31.4 million for H1 2017, up 11.6 percent year-on-year (YoY). The firm is listed on Dubai and Kuwait.

5) National Industries Group swung to net profit of KWD 2.1 million in Q2 2017, versus a loss of KWD 4.7 million in the same period last year.

6) DXB Entertainments will hold a board meeting on August 8 to review Q2 2017 financial statements.

7) Dubai-listed logistics firm Aramex said Tariq Bin Hendi has resigned from his positon as a board member, for personal reasons.

8) Oil prices closed with gains on Friday. Brent crude was rose 0.8 percent to reach $52.42/bbl and WTI crude added 1.1 percent to $49.58/bbl.

Write to Nadeshda Zareen at nadeshda.zareen@argaamplus.com