UAE news

The real estate sector went down 1.24%
25 minutes ago Blue chips drag ADX down Thursday
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index fell 4.07 points, or 0.09%, to 4,579.6 points on Thursday. The ADX’s trading volume rose to 51.5 million shares from 46.1 million on Wednesday, while the market’s …
28 minutes ago Australia’s Qantas marks record turnaround in 6M
Qantas Airways reported record profits in the six months ended December 2017
The transportation sector grew 0.29%
58 minutes ago DFMGI hits 2nd straight high Thursday
By: Mahmoud Gamal Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index inched up 0.9 points, or 0.03%, to 3,286.54 points, on Thursday for the second successive session. The DFM recovered in the last couple of sessions, which is a …
1 hour ago China may surpass US as top nuclear energy nation –IEA
China is likely to overtake the US as the world's largest producer of nuclear energy by 2030, according to an IEA official
2 hours ago Banque de France, IMF ink $2.9bn loan to low-income countries
The Banque de France and the International Monetary Fund (IMF) have signed a contract with the aim of funding nations suffering from low income
2 hours ago Fed bears out optimism about higher growth
Mubasher: The US Federal Reserve expects higher growth rates than it previously forecast, which could allow for higher interest rates, according to BBC World News.
2 hours ago German business morale drops in February
Gross domestic product (GDP) of Europe's biggest economy is expected to increase 0.7% in the first quarter of 2018
2 hours ago UK GDP rises 0.4% in Q4
The UK has revised its gross domestic product (GDP) for the fourth quarter of 2017 to an increase of 0.4%
3 hours ago Host Hotels to acquire 3 hotels in US for $1bn
The contract comes with a $25 million deposit at-risk
The UAE-based company launched ADbase
3 hours ago ADNOC, Swiss Chemlube ink oil sales agreement
Abu Dhabi – Mubasher: The Abu Dhabi National Oil Company (ADNOC) has concluded an exclusive agreement with Switzerland’s Chemlube S.A. to appoint it as the exclusive seller of its Group III Base Oil product in Europe, the UAE-based energy group …
The project has been completed
4 hours ago Sheikh Zayed Programme to deliver AED 350m project by March
Dubai – Mubasher: Al Raqaib 2 units will be delivered by the end of March, executive director for engineering in Sheikh Zayed Housing Programme Mohamed Ibrahim Al Mansouri stated on Thursday. The project has been completed, Al Mansouri added, …
Operating profit rose 3.2%
4 hours ago DEWA reports AED 6.66bn in 2017
Dubai – Mubasher: Dubai Water and Electricity Authority (DEWA) posted a 7% increase in its net profit during the full-year 2017, registering AED 6.66 billion, compared to AED 6.22 billion a year earlier, according to a filing to Nasdaq Dubai …
On the top of that list was a $3.037 billion deal
4 hours ago UAE snatches 5 of 10 biggest financing deals in MENA
Abu Dhabi – Mubasher: The UAE has acquired 5 of the 10 biggest financing transactions in the Middle East and North Africa (MENA), according to a report released by MEED magazine on Thursday. On the top of that list was a $3.037 billion deal to …
4 hours ago Barclays incurs GBP 1.9bn losses in 2017 
Barclays suffered losses during 2017, due to the US tax reform programme, whereas it achieved pretax profits
Hussein Hachem will manage the two new hotels.
5 hours ago Rotana expands into Dubai, opens two new properties
Dubai – Mubasher: Rotana Hotel Management Corporation (Rotana) announced starting the soft opening of the five-star hotel Al Bandar Rotana and the hotel apartments Al Bandar Arjaan at Dubai Creek. "Elegantly designed with a range of modern …
Global oil prices decreased before announcing the U.S. inventories
5 hours ago Kuwait’s crude oil down 62 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil dropped 62 cents to settle at $60.8 per barrel (pb) on Wednesday compared to $61.42 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Total assets of UAE's banks jumped by $14 billion to $734 billion in 2017
10:19 AM UAE banks top GCC with AED 2.69tr assets in 2017
Abu Dhabi – Mubasher: The UAE banks have topped the GCC's peers in terms of assets last year. Total assets of UAE's banks jumped by $14 billion (AED 51.4 billion) to $734 billion (AED 2.693 trillion) in 2017, compared to $ 720 billion (AED 2.642 …
Dubai Islamic Bank will pay a total of AED 2.219 billion as dividends
10:17 AM Dubai Islamic Bank to pay 45% dividends for FY17
Dubai – Mubasher: The ordinary general meeting (OGM) of Dubai Islamic Bank has approved the board’s recommendation to pay 45% of capital as cash dividends or 45 fils per share for fiscal year 2017. Dubai Islamic Bank will pay a total of AED 2.219 …
The paid-up capital will increase to a maximum of AED 6.58 billion
09:50 AM Dubai Islamic Bank nods to capital hike
Dubai – Mubasher: The ordinary general meeting (OGM) of Dubai Islamic Bank on Wednesday approved raising the capital by 33.33%. The UAE's largest sharia-compliant bank will issue new shares up to 1.64 billion at a total value of AED 1.647 billion …
The project consists of five-star hotel Pullman
09:43 AM Manazel Real Estate launches new project in Sharjah
Abu Dhabi – Mubasher: The UAE-based Manazel Real Estate Company has launched new residential hotel project in Sharjah on Wednesday. The project consists of five-star hotel Pullman which is scheduled to be managed by AccorHotels, in addition to a …
Investors have a chance to offset the losses
08:55 AM UAE bourses to lure institutional investors – Analysis
By: Mahmoud Gamal Dubai – Mubasher: Local and foreign institutional investors are widening their purchases on the UAE stock markets’ stocks that hit attractive levels, in line with benefiting from the generous cash dividend distributions, analysts …
21 February 06:57 PM US business activity marks 27 month-high in February
Mubasher: US business activity rose in February, recording its highest level in 27 months, on the back of both the manufacturing and the services sectors.
21 February 06:12 PM Russia's cuts interest rates as inflation drops 
Russia's central bank reduced its key interest rate to 7.5% during February, registering its lowest level since mid-2014
21 February 06:09 PM Stock market’s sell-off is just “appetiser” - Morgan Stanley
The nine-year bull run reaches its final stages, the US leading global financial services firm warned investors.
ENOC reported positive results and showed resilient performance
21 February 05:40 PM ENOC denies Planned IPO’s reports
Dhabi – Mubasher: Emirates National Oil Company (ENOC) stressed on Wednesday that it has no plans to launch an initial public offering (IPO), according to CNBC Arabia. This announcement followed some reports regarding ENOC’s plan to launch an IPO …