By Zahra Hankir  www.bloomberg.com

Dubai’s shares surged the most in almost a year on investor confidence debt-burdened companies in the emirate will meet payment obligations without government support and as quarterly earnings beat estimates.

Flags of Emaar Properties PJSC, builder of the world's tallest skyscraper, fly near high-rise properties in the Marina district of Dubai. The company with the heaviest weighting on Dubai’s index said on Feb. 14 fourth-quarter profit more than doubled, beating analysts’ estimates, as it cut costs and generated more revenue from hotels and international operations. Photographer: Gabriela Maj/Bloomberg
Flags of Emaar Properties PJSC, builder of the world's tallest skyscraper, fly near high-rise properties in the Marina district of Dubai. The company with the heaviest weighting on Dubai’s index said on Feb. 14 fourth-quarter profit more than doubled, beating analysts’ estimates, as it cut costs and generated more revenue from hotels and international operations. Photographer: Gabriela Maj/Bloomberg

Emaar Properties PJSC (EMAAR), developer of the world’s tallest skyscraper whose fourth-quarter profit topped expectations last week, advanced the most in almost a month.

Dubai Islamic Bank PJSC (DIB), the United Arab Emirates’ biggest lender complying with Shariah rules, rallied 3.3 percent. Dubai’s DFM General Index (DFMGI) advanced 3.6 percent, the most since March 13, to 1,571.09 at the 2 p.m. close in the emirate. The Bloomberg GCC 200 (BGCC200) Index rose 0.8 percent. More info

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