UAE
Tawasul
Mubasher TV
 Contact Us Advertising   العربية
UAE
DFM Closed
ADX Closed
28 February 04:01 AM

Lower net income was attributed to the group's higher precautionary provisions
Al Baraka Banking Group achieves 8% lower net income in 2020

Mubasher: The total net income of the Bahrain-based Al Baraka Banking Group (ABG) declined by 8% to $166 million in 2020, compared to $180 million in 2019. Lower net income was attributed to the group's higher precautionary provisions allocated to …
Airline industry to remain cash negative in 2021 - IATA
EU leaders meet to accelerate vaccine production, rollout
The benchmark index of the DFM inched up by 0.78%
UAE stock markets close Thursday on varied note
The international deals accounted for 43% of the total transactions
IDEX and NAVDEX 2021 deals exceed AED 904m on 5th day
The kingdom’s trade exchange with the four GCC states was SAR 98.1 billion ($26.15 billion) in 2020.
Saudi trade exchange with 4 Gulf countries falls 6.1% in 2020
UAE Arab Global Commodities
DFMGI ADI
DFMGI
2,527.48 0.00% 0.00
Volume 153,214,537 Turnover 338,425,204 No. of Trades: 3,299
7 Down 8 Flat 22 Up
No. of Traded Stocks : 37
Last Update: 25 February 02:00 PM
ADI
5,627.99 0.00% 0.00
Volume 322,376,202 Turnover 2,007,994,284 No. of Trades: 4,123
9 Down 7 Flat 19 Up
No. of Traded Stocks : 35
Last Update: 25 February 02:00 PM
Latest News
Lower net income was attributed to the group's higher precautionary provisions
Al Baraka Banking Group achieves 8% lower net income in 2020 Financial Results
`
Airline industry to remain cash negative in 2021 - IATA Global Reports
`
EU leaders meet to accelerate vaccine production, rollout Global Reports
`
The benchmark index of the DFM inched up by 0.78%
UAE stock markets close Thursday on varied note Trading Activities
`
The international deals accounted for 43% of the total transactions
IDEX and NAVDEX 2021 deals exceed AED 904m on 5th day Macroeconomics
`
The kingdom’s trade exchange with the four GCC states was SAR 98.1 billion ($26.15 billion) in 2020.
Saudi trade exchange with 4 Gulf countries falls 6.1% in 2020 Macroeconomics
`
The UAE registered 4,678 new recoveries
UAE reports 3,025 new COVID-19 cases
`
The GCC insurers could face key risks relating to volatility of earnings
S&P Global ratings on GCC insurance market expected to remain stable in 2021 Ratings
`
The CBUAE has fined any non-authorised individual with AED 600,000
CBUAE imposes sanctions on non-authorised individual related to exchange house Central Banks
`
Flydubai will start operating its flights to Cluj-Napoca from 20 March
Flydubai expands operations in Romania with new flights to Cluj-Napoca Companies Investments
`
More
Mubasher Exclusive
The kingdom’s trade exchange with the four GCC states was SAR 98.1 billion ($26.15 billion) in 2020.
Saudi trade exchange with 4 Gulf countries falls 6.1% in 2020 Macroeconomics
Mirna Arif, General Manager of Microsoft Egypt
Reimagining Egypt’s economy through digital transformation – Interview with Mirna Arif Companies Investments
Photo Archive
Identifying investment opportunities post-COVID – Interview with Huda Al-Lawati Global Economy
CEO of Aldar Properties, Talal Al Dhiyebi.
Aldar currently manages gov't projects worth AED 5bn - Interview Macroeconomics
Zedny was founded in 2018
Online platforms for professional development - Interview with Zedny Sector Reports
The webinar discussed the Road to Digital Transformation and Innovation
Industry leaders discuss the future of digital transformation Event
The price of 21-karat gold registered EGP 825 per gram
Egypt's gold prices drop on lower global prices Macroeconomics
Saudi Stock Exchange (Tadawul)
Your guide to the new Saudi derivatives market - Infographic Trading Activities
The derivatives market will be launched on Sunday, 30 August
Investors awaiting launch of Saudi derivatives market next week Derivatives
Selina Bieber, Senior Regional Director for MENA, Turkey, and South Africa, GoDaddy
Middle East on track for digital growth - Interview Event
More
Islamic Finance
The team implemented its first two transactions from Russia
Emirates NBD Capital completes 60 debt capital transactions in 2020 Sukuk and Islamic Finance
The company will also allow the board to issue additional Tier 1 non-convertible Sukuk
DIB's shareholders to authorise board to issue senior, additional Tier 1 Sukuk Board of Directors
The listing request was submitted by the Saudi Ministry of Finance
Tadawul approves government debt instruments listing Sukuk and Islamic Finance
The Sukuk issuances were divided into two tranches.
Saudi MoF closes February issue of local Sukuk Program at SAR 3.16bn Banking and Finance
The Sukuk has a 10-year maturity period
Riyad Bank completes Tier 2 capital-eligible Sukuk issuance Sukuk and Islamic Finance
The total number of primary issuances during last year totalled 360.
Bonds, Sukuk primary issuances in GCC see value rising to $132.7bn in 2020 Bonds
A total of 6,250 Sukuk were offered at a par value of $200,000 each.
NCB offers USD-denominated Additional Tier 1 Sukuk at SAR 1.25bn Sukuk and Islamic Finance
The Sukuk issuances were divided into two tranches.
Saudi MoF closes January issue of local Sukuk Program at SAR 2.95bn Banking and Finance
Each of the minimum subscription value and Sukuk par value amounts to $200,000.
NCB starts issuing USD-denominated Additional Tier 1 Sukuk Banking and Finance
The Sukuk offering end date is 9 February 2021.
Riyad Bank starts offering Tier 2 Sukuk Banking and Finance
More
Arab Markets
The company decided to increase its issued capital to EGP 200 million
Alexandria Medical Services gets FRA's approval on capital raise Corporate Actions
The company offered to acquire up to 4.7 million shares for EGP 5.48 apiece
FRA greenlights MTO for Alexandria National Co for Financial Investment Mergers and Acquisitions
The market’s turnover reached EGP 1.8 billion
EGX30 ends Thursday above 11,600 pts; market cap up EGP 7.3bn Trading Activities
The proposed amount represents 25% of the share’s par value.
Mouwasat’s board recommends SAR 2.5/shr dividends for 2020 Board of Directors
Lower net income was attributed to the group's higher precautionary provisions
Al Baraka Banking Group achieves 8% lower net income in 2020 Banking and Finance
This move comes in line with the country’s efforts to achieve digital transformation
Egypt to roll out property tax services online via Digital Egypt platform Real estate
Zain KSA’s accumulated losses now stand at SAR 54 million.
Zain KSA’s accumulated losses down to 0.6% of capital Financial Results
Revenues fell to EGP 516.9 million in the July-December period of 2020
Upper Egypt Mills records 20% lower profit in H1-20/21 Financial Results
Herfy Food Services Co. was the top gainer with 10%.
TASI, NomuC rise at Thursday’s close Trading Activities
EFIC generated EGP 1.42 billion in sales last year
EFIC's profit slides 38% in 2020 on lower sales Financial Results
More
International Markets
Eurozone manufacturing growth at fastest pace since May 2018
Eurozone manufacturing sector sees strongest growth in over two years
Eurozone inflation turns negative for first time in four years
Global markets may return to fundamentals in 2020 –Emirates NBD
Register to Mubasher Info Be Part of the Success (A Part of the Mubasher Family) With one account you can:
  • Create Your Own Portfolio
  • Follow Favorite Stocks
  • Get Mubasher News Instantly
  • Find Breaking News on the Spot
  • Subscribe to Mubasher's Newsletters
  • Get Notified with Stocks' & Markets' Latest News
Join Now