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News Analysis

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 …
David Parker - co-chief Investment officer for the Financial Services sector at EDB
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 …
The services sector topped the gainers with 1.08%
19 May 02:36 PM DFM gains 11 pts on Tuesday
Dubai – Mubasher: The benchmark index of the Dubai Financial Market (DFM) increased by 0.59% or 11.35 points to end Tuesday's trading session at 1,931.18 points, maintaining its upward performance on Monday. The market cap value rose by AED 1.31 …
The emirate's airports handled 18.25 million passengers
19 May 11:44 AM DXB receives 17.8m passengers in Q1-20
Dubai - Mubasher: The number of passengers at Dubai International Airport (DXB) reached 17.82 million during the first quarter (Q1) of 2020, representing 98% of the total number of passengers at Dubai airports. The emirate's airports handled 18.25 …
The UAE's airline will launch new flights
19 May 11:03 AM Etihad Airways to raise number of special flights worldwide
UAE - Mubasher: Etihad Airways will increase the number of special flights that operate across the world to and from Abu Dhabi, according to a press release on Tuesday. The UAE-based airline will launch new flights to Belgrade, Dublin, Geneva, …
Turnover amounted to AED 144.04 million
18 May 02:32 PM ADX down on Monday; market cap records AED 453.9bn
Abu Dhabi – Mubasher: The main index of Abu Dhabi Securities Exchange (ADX) ended Monday's trading session on a red note after losing 4.52 points or 0.11% to settle at 4,060.51 points, maintaining its negative performance on Sunday, 17 May. The …
The banks sector index gained 1.37%
18 May 02:06 PM DFM maintains its upward performance on Monday
Dubai – Mubasher: The benchmark index of the Dubai Financial Market (DFM) went up by 0.41% or eight points to settle at 1,919.83 points by the end of Monday's trading session, keeping its upward performance for the second session in a row. The …
The profits of the UAE public joint-stock companies reached AED 149.8bn
18 May 01:26 PM UAE public joint-stock companies record AED 149.8bn profits in 2019
UAE – Mubasher: Profits by the UAE public joint-stock companies reached AED 149.8 billion in 2019, compared to AED 149.65 billion in 2018 and around AED 132 billion in 2017, according to the Emirates News Agency (WAM). The capital of the UAE …
DFM renewed commitment to disclosure and transparency regulations
18 May 11:17 AM DFM declines speculations about merging UAE financial markets
Dubai - Mubasher: Dubai Financial Market (DFM) has denied speculations about a potential merger between the UAE's financial markets, according to a press release on Monday. DFM announced its commitment to the disclosure and transparency …
Emirates airline will gradually resume operations
18 May 10:33 AM Emirates denies claims over laying off employees
Dubai – Mubasher: Emirates has not taken any decision to lay off a large number of its employees, the airlines' spokesperson announced in a recent statement to the Dubai media office, dismissing recent rumours circulated by some media outlets. The …
Turnover amounted to AED 73.74m
17 May 02:42 PM ADX closes Sunday on marginal losses
Abu Dhabi – Mubasher: The main index of Abu Dhabi Securities Exchange (ADX) inched down 0.05% or two points to settle at 4,065.03 points by the end of Sunday's trading session, reversing the upward performance on Thursday, 14 May. The market cap …
The market cap value increased by AED 1.75 billion
17 May 02:24 PM DFM gains 2% on Sunday
Dubai - Mubasher: The benchmark index of the Dubai Financial Market (DFM) went up by 0.91% or 17.36 points to close Sunday's trading session at 1,911.83 points, unlike the downward performance on Thursday, 14 May. The market cap value increased by …
The company is constructing a series of freight stations
17 May 01:48 PM UAE railway network's second stage contracts amount to AED 18bn
UAE - Mubasher: The value of the UAE's national railway network's second stage contract packages reached AED 18 billion, the executive director of relations in Etihad Rail told the Emirates News Agency (WAM). Muhammad Rashid Al Marzouqi referred …
Emirates NBD was ranked 351
14 May 03:55 PM Nine Emirati companies among world’s largest – Report
UAE – Mubasher: The 18th annual ranking of the world’s 2,000 largest public companies by Forbes included nine Emirati companies, topped by First Abu Dhabi Bank (FAB), ranked at 303. The FAB achieved $8.9 billion sales, $3.1 billion profits, $227.4 …
The earnings of the Islamic banks amounted to AED 1.1 billion
14 May 03:29 PM Abu Dhabi banks see AED 9.6bn income in Q1-20
Abu Dhabi – Mubasher: The net income of the commercial and Islamic banks operating in Abu Dhabi totalled AED 9.6 billion in the first quarter (Q1) of 2020, compared to AED 10.36 billion in the same period of 2019. The Islamic banks accounted for …