Gulf news

MubasherTrade upgraded their rating to Hold - (Photo Credit: Arabianeye-Reuters)
5 hours ago MubasherTrade maintains Emaar Malls PT
Mubasher: MubasherTrade Research has maintained their price target (PT) for Emaar Malls at AED 2.79, and upgraded their investment rating from Sell/Low Risk to Hold/Low Risk, according to a report issued Monday. Emaar Malls is currently expanding …
(Photo Credit: Arabianeye-Reuters)
27 February 08:09 PM S&P expects GCC commercial borrowing to fall to $75bn
  Mubasher: Standard & Poor’s said in a new report that it expects long-term gross sovereign commercial borrowing for the six member states in the GCC to decline to $75 billion in 2017, from $105 billion in 2016. Sovereign commercial debt with an …
DEWA plans to build 97 major transmission stations - (Photo Credit: DEWA website)
27 February 06:09 PM DEWA to establish new power stations at AED 10bn
Dubai – Mubasher: The Dubai Electricity and Water Authority (DEWA) began constructing new power stations to generate electricity in the Hessian area and Bin Rashid Al Maktoum Solar Park, at a value of AED 10 billion, according to Emirates news …
(Photo Credit: Arabianeye-Reuters)
27 February 05:52 PM Qatar transport sector profits fall 52% in Q4
By: Eman Ghaly Doha – Mubasher: Financial data by Qatar-listed transport companies showed a sharp drop in profits attributable to shareholders in the fourth quarter of 2016 by 51.6%, compared to figures from the same period in 2015. Profits by …
(Photo Credit: Arabianeye-Reuters)
27 February 05:02 PM UAE’s Agthia to complete Kuwait plant by 2017 end
By: Amr Adel Dubai – Mubasher: Abu Dhabi-based Agthia will likely complete its water bottling plant in Kuwait by the end of 2017, the company’s vice for water, beverage, and dairy Fasahat Beg said Thursday. The project, a joint venture with a …
The price per litre of diesel is set to reach QAR 1.55 on 1 March - (Photo Credit: Arabianeye-Reuters)
27 February 04:52 PM Qatar to raise fuel prices by QAR 0.05 in March
Doha – Mubahser: Qatar's Ministry of Energy and Industry decided to raise the prices of diesel, super, and premium grade fuel by QAR 0.05 (5 dirhams). The price per litre of diesel is set to reach QAR 1.55 on 1 March, compared with QAR 1.50 in …
Photo Credit: Company Website
27 February 04:48 PM UAE’s Al-Dahra to expand in Romania, Serbia
By: Amr Adel Dubai - Mubasher: The chief executive government officer of Al Dahra Holding, Sulaiman Al Nuamei, said on Monday that his company plans to expand in Serbia and Romania during current year. Sulaiman Al Nuamei added in his remarks to …
The project will produce 300,000 tonnes of wheat - (Photo Credit: Arabianeye-Reuters)
27 February 04:23 PM Al Dahra to launch phase 2 of Toshka project in 2018
By: Amr Adel Dubai - Mubasher: The chief executive government officer of Al Dahra Agricultural Holding, Sulaiman Al Nuamei, said that his company intends to begin working on the second phase of its project to reclaim 70,000 feddans in Toshka in …
Traded Values recorded highest level in February - (Photo Credit: Arabianeye-Reuters)
27 February 03:46 PM Tadawul sees biggest drop since mid-January
By: Thabet Shehata Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Monday’s trading session with it biggest decline in a month and a half on the back of negative performances dominating the market sectors. Tadawul All Share Index …
Bahrain Cinema’s board recommended a cash dividend of 50% for FY16 (Photo Credit: Mubasher)
27 February 03:39 PM Bahrain Cinema Q4 profits plunge 40.1%
Mubasher: Bahrain Cinema reported a drop of 40.1% in profits during the fourth quarter of 2016 when compared to the same period of 2015. Earnings shrank to BHD 850,000 ($2.2 million) in Q4-16 from BHD 1.42 million ($3.6 million) in Q4-15, …
Photo Credit: Mubasher
27 February 03:33 PM Aayan Real Estate to consider financials 1 March
Mubasher: Aayan Real Estate will hold its board meeting on 1 March to discuss the consolidated financial statements for the fiscal year that ended on 31 December 2016, according to a bourse statement issued on Monday. During the nine-month period, …
Photo Credit: Mubasher
27 February 03:30 PM Sharjah Cement to discuss dividend proposal early March
Mubasher: The board of Sharjah Cement and Industrial Development Co will hold a meeting on 4 March to look over the recommendation of distributing dividends for fiscal year 2016. The board members of Sharjah Cement, which is listed on both Boursa …
The company will increase its capital to SAR 1.25 billion
27 February 03:28 PM CMA approves Cooperative Insurance capital hike
Riyadh - Mubasher: The Saudi Capital Market Authority (CMA) has approved on Monday the Company for Cooperative Insurance request to increase its capital from SAR 1 billion to SAR 1.25 billion, according to a statement. The capital increase will be …
BBK’s profits during the fiscal year stood at BHD 56.41 million (Photo Credit: Mubasher)
27 February 03:20 PM BBK posts higher profits in Q4
Mubasher: Bank of Bahrain and Kuwait (BBK) posted an increase of 1.7% in profits during the fourth quarter of 2016, as compared to the corresponding period of the previous year. Earnings rose to BHD 13.17 million ($33.8 million) in Q4-16 from BHD …
NBK's stock ended Monday’s session 1.35% lower at Boursa Kuwait (Photo Credit: Mubasher)
27 February 02:57 PM NBK Bahrain Q4 profits rise 14.3%
Mubasher: The National Bank of Kuwait – Bahrain (NBK Bahrain) achieved growth of 14.3% in profits during fiscal year 2016 as compared to the same period of 2015. Earnings increased to BHD 73.42 million ($188.61 million) in FY16 from BHD 64.21 …
Boubyan now owns a stake of 21.12% in Nafais  (Photo Credit: Mubasher)
27 February 02:40 PM Boubyan Petrochemical raises stake in Nafais
Mubasher: Boubyan Petrochemical Co said that one of its employees, who is a board member in Nafais Holding, has purchased 5.28 million shares or a 1.25% stake in Nafais. The purchase price reached 210 fils per share, with an overall value of KWD …
Trump needs to lay out a clear plan regarding trade and tax policies - (Photo Credit: Arabianeye-Reuters)
27 February 02:05 PM Stock investors await Trump's speech to Congress
By: Mahmoud Gamal Mubasher: Investors are anticipating the US president's address to a joint session of Congress on Tuesday, with expectations of a big impact on the business environment in the US. Financial analyst at ForexTime (FXTM) Hussien …
The benchmark index ended Monday’s trades on a positive note (Photo Credit: Arabianeye-Reuters)
27 February 02:01 PM Industry, real estate boost QSE at close Monday
Doha – Mubasher: The Qatar Stock Exchange’s (QSE) benchmark index ended Monday’s trades on a positive note, backed by four of its sectors, particularly industry and real estate. The index edged up 0.02% or 1.73 points and closed at 10,938.80 …
Ithmaar achieved a net profit of $13.8 million in FY16 (Photo Credit: Mubasher)
27 February 01:57 PM Ithmaar Holding Q4 losses shrink 94.9%
Mubasher: Ithmaar Holding registered a decline of 94.9% in losses to total $2.93 million during the fourth quarter of 2016 from $57.79 million in the same period of the previous year. During fiscal year 2016, Ithmaar achieved a net profit of $13.8 …
The benchmark index lost 0.22% at close - (Photo Credit: Arabianeye-Reuters)
27 February 01:55 PM MSM closes Monday in red
Mubasher: The main index of the Muscat Securities Market (MSM) ended Monday’s trading session down 0.22% or 12.6 points, and closed at the level of 5,820.96 points. The financial sector fell 0.33% as Al Batinah Development and Investment and Oman …
(Photo Credit: Arabianeye-Reuters)
27 February 01:55 PM UAE insurers ‘back in the black’ - A. M. Best
UAE – Mubasher: Insurance companies suffered “an extremely challenging year of underwriting and investment losses” in 2015, but have “swung back into the black in 2016,” according to a new report by A. M. Best. The market suffered significant …
Eshraq was the value leader  (Photo Credit: Arabianeye-Reuters)
27 February 01:33 PM Blue chips push ADX to close in red
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a bearish performance on Monday, dragged down by the fall of blue chips. The general index fell 0.6% or 28.17 points to reach 4,628.56 points. Turnover amounted to AED 210.396 …
Photo Credit: Mubasher
27 February 01:30 PM BHB in green at Monday’s close
Mubasher: The main index of the Bahrain Bourse (BHB) ended Monday’s trading session 0.03% or 0.39 points higher, closing at 1,349.75 points. The banks sector retreated 0.65% to head the decliners, dragged by Al Salam Bank and Ahli United Bank …
Trading volume reached 160.69 million shares on Monday (Photo Credit: Arabianeye-Reuters)
27 February 01:24 PM DFM losses deepen Monday
By: Mahmoud Gamal Dubai – Mubasher: The Dubai Financial Market (DFM) suffered further losses on Monday, amid a rise in selling pressures on blue chip stocks. The general index fell 0.25% or 9.05 points to reach 3,633.46 points. The market was …
(Press release photo)
27 February 01:15 PM NBK-Egypt Q4 profits decline 46%
Cairo – Egypt: The National Bank of Kuwait in Egypt (NBK-Egypt) said Monday that its profits for the fourth quarter of fiscal year 2016 rose 45.7% to EGP 189.19 million from EGP 129.85 million for Q4-15. Net profits for fiscal year 2016 reached …