UAE news

57 minutes ago Oil settles lower after mixed performance
The American Petroleum Institute (API) is scheduled to issue its weekly report later.
2 hours ago Gold records first gains in four days
Concerns regarding the Turkish economic crisis are cooling down
3 hours ago Brexit deal should be flexible - Merkel
German Chancellor Angela Merkel said on Tuesday that any agreement between the United Kingdom and the European Union should be flexible
4 hours ago US household debt nearly triples in Q2
This is the 16th consecutive quarter of increases
14 August 06:24 PM 22 killed after highway bridge collapses in Italy
At least 22 people were killed after a motorway bridge collapsed on torrential rains that hit buildings in north Italy on early Tuesday.
The company’s revenue also declined to AED 261.5 million in H1-18
14 August 06:18 PM Abu Dhabi Ship Building’s profit tumbles in 6M
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSC) has reported a 92.6% year-on-year drop in net profit during the first six months of 2018, recording AED 3.7 million. The company’s revenue also declined to AED 261.5 million in H1-18 versus AED …
The company’s revenue surged 20.23%
14 August 05:51 PM Foodco Holding posts AED 48.56m profit in 6M
Abu Dhabi – Mubasher: Foodco Holding has reported a 1% year-on-year increase in net profit during the first six months of 2018, recording AED 48.56 million. The company’s revenue surged 20.23% to AED 196.2 million in H1-18 versus AED 176 million …
Revenue went down to AED 66.47 million in Q2-18
14 August 05:39 PM Al Qudra Holding posts 56.5% profit decline Q2
Abu Dhabi – Mubasher: Al Qudra Holding has reported a 56.5% year-on-year slump in net profit during the second quarter of 2018, recording AED 37.24 million. Revenue went down to AED 66.47 million in Q2-18 versus AED 125.09 in the year-ago period, …
14 August 05:33 PM US import inflation accelerates to 6.5-yr high in July
The costs of the US import remained flat in July after declining in June.
Revenue also increased to AED 516.606 million in H1-18
14 August 05:22 PM Manazel Real Estate’s net profit leaps 135% in H1
Abu Dhabi – Mubasher: Manazel Real Estate Company has reported a 135% year-on-year hike in net profit during the first six months of 2018, recording AED 132.867 million. The company’s revenue also increased to AED 516.606 million in H1-18 versus …
14 August 05:03 PM Erdogan urges Turks to boycott US electronics     
Turkish President Recep Tayyip Erdogan on Tuesday stated that his country will boycott US electronic products, including Apple’s iPhones.
14 August 03:57 PM Ithmaar Holding achieves $10.8m profit in 6M
Kuwait – Mubasher: Ithmaar Holding has reported a net profit of $10.82 million in the first six months of 2018. The Dubai-, Bahrain-, and Kuwait-listed company also registered earnings per share (EPS) of $0.32 in H1-18, according to a bourse …
14 August 03:47 PM US small business owner morale hovers record high in July
Positive sentiment among US small businesses saw an improvement in July, recording the second highest level in history.
Aldar Properties soared 3.66%
14 August 03:13 PM ADX goes up 30 pts Tuesday
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchanges’ (ADX) general index grew 29.23 points, or 0.61%, to close at 4,830.22 points on Tuesday. The ADX’s trading volume reached 201.35 million shares, while the market’s liquidity recorded AED …
14 August 03:09 PM German economic morale improves in August
German economic confidence saw a more-than-expected a resilient gain in August, survey data showed on Tuesday.
The transportation sector fell 0.37%
14 August 02:49 PM DFM closes in red on selling pressure Tuesday
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index lost 6.25 points, or 0.22%, to close at 2,840.89 points on Tuesday, dragged down by selling pressure. The services sector shed 1.06% after Tabreed dropped 3.33% to AED 1.74, while …
14 August 02:38 PM Canada’s largest builder faces new growth risk amid Saudi spat
As the diplomatic feud between Canada and Saudi Arabia is escalating, one of the major pillars of SNC-Lavalin Group’s growth plans stood at stake.
Damac Properties’ chief financial officer Adil Taqi
14 August 02:04 PM Damac’s liquidity hits AED 7bn – CFO
By: Mahmoud Gamal  Dubai – Mubasher: Damac Properties’ chief financial officer, Adil Taqi, told Mubasher that his company’s financial status is strong, with total liquidity of AED 7 billion, despite the challenges that have been facing Dubai’s …
Electric machines and equipment topped the imports to Saudi Arabia
14 August 01:40 PM Saudi imports down 3.2% in June – GaStat
Riyadh – Mubasher: Saudi Arabia announced that its imports decline by 3.2% or SAR 1.12 billion in June 2018 when compared to the same month a year ago, according to the latest data by the Saudi General Authority for Statistics (GaStat). Imports …
EPS hit AED 0.14
14 August 01:27 PM Damac Properties logs AED 862m net profit in 6M
Dubai – Mubasher: Damac Properties has reported a net profit of AED 862 million in the first six months of 2018. The company’s revenue increased by 5% year-on-year to AED 3.7 billion in H1-18, according to a company statement. Earnings per share …
14 August 01:12 PM Eurozone industrial output drops 0.7% in June, EU28 0.4%
The Eurozone's industrial production declined 0.7% in June, compared with the previous month, data showed on Tuesday.
14 August 12:53 PM Germany’s economic growth accelerates in Q2 amid cautious outlook
Germany’s economic growth gained momentum in the second quarter of 2018, official data showed on Tuesday.
14 August 12:47 PM Updated Eurozone, EU28 Q2 economic growth confirmed at 0.4%
Gross domestic product (GDP) in Eurozone and the 28-member European Union (EU28) rose 0.4% in the second quarter of 2018, compared with the previous quarter.
Direct costs dropped 63%
14 August 12:15 PM Union Properties reports AED 207m net profit in 6M
Dubai – Mubasher: Union Properties has posted a net profit of AED 207.4 million during the first six months of 2018. The fair valuation of investment properties has generated AED 120.7 million in profits for the Dubai-listed developer, according …
14 August 12:12 PM Updated UK jobless rate slips in Q2; wage growth declines
The UK Labour Force Survey estimates indicated that the number of working people rose between the first quarter and the second quarter of 2018.