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News Analysis

Turnover totaled AED 198.07 million
4 hours ago ADX maintains positive performance on Monday
Abu Dhabi – Mubasher: The main index of the Abu Dhabi Securities Exchange (ADX) inched up by 0.7% or 29.10 points to stand at 4,170.71 points by the end of Monday's trading session, maintaining its positive performance. The market cap value …
Around 131.70 million shares were traded
5 hours ago DFM up on Monday; market cap gains AED 3.24bn
Dubai – Mubasher: Dubai Financial Market (DFM) has resumed its upward performance after the benchmark index had increased by 1.47% or 28.63 points to close Monday's trading session at 1,973.72 points. The market cap value grew by AED 3.24 billion …
Abu Dhabi's banks registered assets of AED 1.407
09:43 AM Abu Dhabi, Dubai banks record AED 2.9trn assets in April
UAE – Mubasher: The assets of banks operating in Abu Dhabi and Dubai have reached around AED 2.897 trillion in April, according to the Emirates News Agency (WAM). This figure represented 92% of the UAE banking sector's assets, which recorded …
The real estate sector hit the top of the decliners
31 May 05:04 PM ADX loses 89 pts in May
Abu Dhabi – Mubasher: The main index of the Abu Dhabi Securities Exchange (ADX) closed May's trading on in red at 4,141.61 points, losing 2.09% or 88.76 points compared to its level by the end of April at 4,230.37 points. The real estate sector …
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31 May 04:01 PM Tadawul lists AlBilad Gold ETF
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced the listing and trading units of “AlBilad Gold ETF” as an exchange-traded fund (ETF). on Tuesday 2 June 2020. The units if the fund will be traded under the symbol 9405. The Saudi …
Turnover amounted to AED 73.96 million
31 May 03:05 PM ADX gains AED 3.27bn on Sunday
Abu Dhabi – Mubasher: The main index of the Abu Dhabi Securities Exchange (ADX) rose by 0.54% or 22.30 points to close Sunday's trading session at 4,141.61 points, unlike the negative performance on Thursday, 28 May. The market cap value increased …
The banks sector topped the decliners
31 May 02:16 PM DFM closes Sunday in red zone
Dubai – Mubasher: The benchmark index of the Dubai Financial Market (DFM) decreased by 0.83% or 16.39 points to settle at 1,945.09 points by the end of Sunday's trading session, keeping its downward performance for the second session in a row. The …
Dubai's total installed capacity is 11,700 MW of electricity
31 May 12:51 PM Dubai's clean energy share rises to 9% – DEWA
UAE - Mubasher: The Dubai Electricity and Water Authority (DEWA) has announced that around 9% of Dubai's energy is produced from clean resources, according to the Emirates News Agency (WAM). Generating 9% of Dubai's power from clean resources is …
The UAE's oil production in May came in line with the OPEC+ agreement
31 May 10:19 AM UAE delivers 2.4m bpd in May
UAE - Mubasher: The UAE has produced 2.40 million crude oil barrels per day (bpd) in May, a source told Reuters. The UAE's oil production in May came in line with OPEC+ agreement to cut oil supply by 9.7 million bpd as of 1 May, due to a decrease …
A total of 139.40 million shares were exchanged
28 May 03:47 PM ADX ends Thursday in red
Abu Dhabi – Mubasher: The main index of the Abu Dhabi Securities Exchange (ADX) closed Thursday’s trading session on a negative note with the decline of blue-chips such as First Abu Dhabi Bank (FAB) which slid by 0.89%. The general index fell by …
Emirates NBD generated AED 879.53 million in turnover
28 May 02:07 PM DFM drops 1.1% at Thursday's close
Dubai – Mubasher: The benchmark index of the Dubai Financial Market (DFM) fell by 1.15% or 23 points to end Thursday’s trading session at 1,961.48 points, dragged by falling blue-chips led by Emaar Properties which dropped by 3.10%. The market cap …
Around 286.68 million shares were exchanged
27 May 02:15 PM DFM gains AED 3.8bn in market cap at Wednesday’s close
Dubai – Mubasher: The benchmark index of the Dubai Financial Market (DFM) grew by 2.35% or 45.57 points to end Wednesday’s trading session at 1,984.48 points in tandem with the economic reopening. The market cap value increased by AED 3.86 billion …
The market cap gained AED 2.53 billion
27 May 02:04 PM ADX ends Wednesday in green after Eid holiday
Abu Dhabi – Mubasher: The main index of the Abu Dhabi Securities Exchange (ADX) closed Wednesday’s trading session on a positive note in its first session after the three-day Eid Al Fitr holiday. The general index rose by 0.51% or 20.86 points to …
Saudi Aramco is currently the most profitable company worldwide
26 May 11:02 AM World's top 2,000 list includes 40 Arab companies; Aramco ranked 5th
By: Amal A. Wahaab Mubasher: This year's Forbes Global 2000 list saw the inclusion of 40 companies from the Arab world in the magazine's ranking of the world's top 2,000 companies, based on assets, profits, revenues, and market value.  Oil giant …
Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla
25 May 01:41 PM Egypt plans EGP 19bn investments in petrochemical projects
Cairo - Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources is considering the implementation of 11 new petrochemical projects at a total value of around EGP 19 billion, Minister of Petroleum and Mineral Resources Tarek El-Mulla …
ATM Virtual event is set to be held on 1-3 June
25 May 12:11 PM ATM to focus on China travel market
UAE - Mubasher: The three-day Arabian Travel Market (ATM) will host The Virtual ATM China Tourism Forum to highlight the Chinese outbound travel market. The forum will focus on the Chinese leisure market, especially as China seems to contain the …
Hotels in five governorates could reopen after receiving the safety certificate
24 May 11:13 AM Egypt grants health safety certificates to over 70 hotels
Cairo - Mubasher: More than 70 hotels in Egypt last week have received the health safety certificate, which is necessary for resuming their operations, according to Egypt’s tourism and antiquities minister. Receiving the certificate came after …
Egypt's production of natural gas increased to 7 bcf in September
24 May 10:41 AM Egypt's natural gas production reaches 7.2 bcf per day
Cairo - Mubasher: Egypt's daily production capacity of natural gas reached an average of 7.2 billion cubic feet (bcf), Reuters reported citing a recent statement by the Egyptian cabinet. In September, Egypt's production of natural gas increased to …
DCT introduced regulations to reopen restaurants in tourist facilities
24 May 09:44 AM DCT Abu Dhabi issues measures to reopen hotel restaurants
UAE - Mubasher: The Department of Culture and Tourism in Abu Dhabi (DCT Abu Dhabi) has introduced regulations to reopen restaurants in tourist facilities and hotels. As part of the preventive measures, the number of visitors should not exceed 30% …
Turnover totalled AED 152.34 million
21 May 02:12 PM ADX closes Thursday's trading session in red
Abu Dhabi – Mubasher: The main index of the Abu Dhabi Securities Exchange (ADX) closed Thursday's trading session on a negative note after losing 17.94 points or 0.43% to 4,112.90 points, unlike its positive performance on Wednesday. The market …
Trading volume amounted to 410 million shares
21 May 01:56 PM DFM up on Thursday; market cap gains AED 49m
Dubai – Mubasher: The benchmark index of the Dubai Financial Market (DFM) edged up by 0.28% or 5.42 points to 1,938.91 points by the end of Thursday's trading session, maintaining its upward performance on Wednesday, 20 May. The market cap value …
(Photo Credit: cafecredit)
21 May 11:39 AM GCC sees growing trend for fintech platforms amid COVID-19 crisis
Mubasher: The GCC region is set for a big leap in the use of financial technology applications amid the coronavirus (COVID-19) outbreak with the Middle East and Africa (MEA) region witnessing a 70% growth in the use of contactless payments, …
Turnover totaled AED 158.05 million
20 May 02:24 PM ADX gains 1.4% on Wednesday
UAE - Mubasher: The main index of the Abu Dhabi Securities Exchange (ADX) rose by 1.39% or 56.54 points to end Wednesday's trading session at 4,130.84 points, maintaining its positive performance on Tuesday, 19 May. The market cap value reached …
The consumer staples sector led the risers
20 May 02:07 PM DFM closes Wednesday's trading session on green note
Dubai - Mubasher: The benchmark index of the Dubai Financial Market (DFM) edged up by 0.12% or 2.31 points to 1,933.49 points by the end of Wednesday's trading session, maintaining its upward performance on Tuesday, 19 May. A total of 159.29 …
Turnover reached AED 160.29m
19 May 02:51 PM ADX resumes upward performance on Tuesday
Abu Dhabi – Mubasher: The main index of the Abu Dhabi Securities Exchange (ADX) rose by 0.34% or 13.79 points to stand at 4,074.30 points by the end of Tuesday's trading session, reversing its negative performance on Monday, 18 May. The market cap …