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FAB made AUD 350 million in a five-year Kangaroo issuance
16 February 06:58 PM FAB issues AED 3bn First-ever Sterling, Kangaroo bonds
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has raised more than AED 3 billion in three days from its first ever Sterling bond and first Kangaroo bond since 2014, according to a press release on Sunday. The UAE’s largest bank has issued GBP …
HC acts as the financial advisor for the three deals
16 February 05:57 PM HC Securities readies to close 3 acquisition deals worth EGP 4.5bn in H1-19
Cairo – Mubasher: HC Securities & Investment (HC) is gearing up to close an investment deal to acquire a stake in an Egyptian service provider for EGP 400 million, the first of three deals worth EGP 4.5 billion managed by the company during the …
A total of 24.6 million shares were exchanged
16 February 03:49 PM ADX up on Sunday; market cap records AED 528.6bn
Abu Dhabi – Mubasher: The main index of Abu Dhabi Securities Exchange (ADX) closed Sunday’s trading session at 5,062.82 points, up 0.5% or 25.36 points, unlike its downward performance on Thursday, 13 February.  through 654 transactions at a value …
Damac Properties led the rising blue chips with 0.78%
16 February 03:44 PM DFM maintains upward performance on Sunday
Dubai – Mubasher: The benchmark index of Dubai Financial Market (DFM) inched up by 0.04% or 1.02 points to 2,734.74 points by the end of Sunday’s trading session, keeping its upward performance for the second session in a row. A total of 93.39 …
16 February 03:24 PM US mulls halting GE engine deliveries to China's new aircraft
Mubasher: The US government is mulling a proposal to stop exporting jet engines co-manufactured by General Electric Co to China.
Saudi Arabia headed the list of exports, imports, and re-exports with Abu Dhabi
16 February 01:54 PM Abu Dhabi sees 6.1% higher non-oil trade in 11M
UAE – Mubasher: Abu Dhabi’s non-oil merchandise trade declined by 6.1% year-on-year (YoY) to around AED 194.43 billion during the first 11 months of 2019 from around AED 207 billion in the same period of 2018. The non-oil exports from Abu Dhabi …
Bank of Sharjah's net operating income increased by 19%
16 February 01:11 PM Bank of Sharjah’s net profits soar to AED 226m in 2019
Abu Dhabi – Mubasher: Bank of Sharjah saw a 74% year-on-year (YoY) hike in net profits to AED 226 million in 2019 when compared to AED 130 million in 2018, according to the bank’s preliminary financial results for 2019. The bank’s net operating …
Amanat may pay 2.2 fils a share dividend for 2019
16 February 12:17 PM Amanat reports AED 60m profit in FY19; dividends proposed
Dubai – Mubasher: The net profits of Amanat Holdings, the GCC’s largest healthcare and education investment company, surged by 39.8% year-on-year (YoY) to AED 60 million when compared to 2018, as shown in the company’s consolidated financial …
The company’s revenues plunged to $9.372 million
16 February 12:02 PM Naeem Holding moves to losses in 2019 initial results
Cairo – Mubasher: The preliminary financial results of Naeem Holding for Investment, listed on the Egyptian Exchange (EGX) and the Dubai Financial Market (DFM), announced turning to losses during 2019. The dual-listed firm incurred net losses of …
Arabtec's losses per share stood at AED 0.52 in 2019
16 February 11:42 AM Arabtec Holding sees AED774m net losses in 2019
Dubai – Mubasher: Arabtec Holding, a leading engineering and construction group specialising in complex projects in MENA, incurred AED774.499 million net losses attributable to the owners of the parent in 2019, versus AED 256.299 million net …
Loss per share amounted to 14.42 fils last year.
16 February 10:16 AM IFA’s losses shrink 70% in 2019 initial financials
Mubasher: Net losses of International Financial Advisors (IFA) narrowed by 70.7% to KWD 3.6 million (approx. $11.80 million) by 2019 year-end when compared to KWD 12.3 million (approx. $40.30 million) in 2018, the annual unaudited initial …
Earnings per share (EPS) stood at 0.02 cents last year.
16 February 09:48 AM Ithmaar Holding turns profitable in 2019; Zero dividends proposed
Mubasher: The Bahrain-based Ithmaar Holding logged a net profit attributable to equity holders worth $669,000 for the fiscal year ended 31 December 2019, versus a net loss of $23.98 million in 2018. Earnings per share (EPS) stood at 0.02 cents …
15 February 11:20 PM Omani crude oil output falls 1.26% MoM in January 2020
Mubasher: Oman’s daily production of crude oil and condensates declined by 1.26% month-on-month (MoM) to 958,270 barrels in January 2020.
15 February 08:28 PM Dubai Police launches 1st 5G-enabled police patrol
Abu Dhabi – Mubasher: Dubai Police has unveiled the first 5G-enabled smart patrol in the Middle East and North Africa region, in collaboration with Etisalat.
15 February 08:09 PM Dubai’s RTA opens phases of road project serving Expo 2020
UAE – Mubasher: The Dubai’s Roads and Transport Authority announced the inauguration of the last two phases of roads leading to Expo 2020 site.
15 February 07:29 PM Royal Bank of Scotland plans rebranding, cutting investment-banking business
​​​​​​​Mubasher: Royal Bank of Scotland Group (RBS) has unveiled plans to change its name to NatWest Group, according to MarektWatch.com.
Revenue grew to AED 166.26 million last year
14 February 09:55 PM Gulf Navigation’s loss hikes in 2019
Dubai - Mubasher: Gulf Navigation Holding’s net loss rose to AED 327 million in 2019, compared to AED 40 million in the year-ago period. Revenue grew to AED 166.26 million last year, from AED 147 million a year earlier, according to a bourse …
Revenue dropped to AED 599 million in 2019
14 February 09:52 PM Takaful Emarat swings to profits in 2019
Dubai – Mubasher: Takaful Emarat – Insurance turned to profitability during the fiscal year 2019, according to a bourse statement. The company reported a net profit of AED 14 million last year, against a net loss of AED 38 million a year earlier. …
The banking sector went down by 0.8%
14 February 09:49 PM DFM loses 36 pts in week; Emaar sheds 3.25%
Dubai – Mubasher: The general index of the Dubai Financial Market (DFM) decreased by 35.86 points, or 1.29%, to 2,733.72 points. The banking sector went down by 0.8% and the real estate dropped 3.4%, while the investment sector grew by 0.6%. Emaar …
The telecom sector lost 1.13%
14 February 09:47 PM Banks weigh on ADX in week
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index declined by 49.81 points, or 0.97%, to 5,037.46 points in a week, dragged down by the banking sector which shed 1.25%. The telecom sector lost 1.13%, while the real …
Room revenues rose by 11.1% YoY
14 February 09:40 PM Abu Dhabi’s hotel establishments yield AED 3.2bn revenue in 2019
UAE – Mubasher: Revenues of hotel establishments in Abu Dhabi grew by 6.8% year-on-year to AED 5.46 billion in 2019, according to the Emirates News Agency (WAM). Room revenues rose by 11.1% to AED 3.2 billion last year, compared to AED 2.88 …
The deal is pending regulatory approval
14 February 02:49 PM DP World acquires majority stake in Ukrainian container terminal
UAE – Mubasher: Global trade enabler DP World has acquired a 51% stake in TIS Container Terminal in Ukraine’s Port of Yuzhny. The finalisation of the deal is pending the satisfaction of certain conditions, including regulatory approval, according …
Revenue surged 90% YoY in 12M
13 February 10:11 PM RAK Properties registers AED 101m profit in 2019
Abu Dhabi – Mubasher: RAK Properties has reported a 33% year-on-year profit decline during the fiscal year 2019. The company’s net profit went down to AED 101 million last year, compared to AED 151 million in 2018, according to a bourse statement …
Revenue dropped to AED 249.52 million
13 February 09:49 PM Aman’s profit soars 550% YoY in 2019
Dubai – Mubasher: Dubai Islamic Insurance and Reinsurance Company (Aman) has reported a 550% year-on-year surge in profit during the fiscal year 2019. The company’s profit rose to AED 9.62 million last year, compared to AED 1.48 million in 2018, …
Revenues surged to AED 946.85 million
13 February 07:16 PM Manazel’s profit grows 4.3% YoY in 2019
Abu Dhabi – Mubasher: Manazel Real Estate has posted a 4.3% year-on-year profit hike during the fiscal year 2019. The company’s net profit went up to AED 240.6 million last year, compared to AED 230.7 million in 2018, according to a bourse …