Gulf news

The profits fell to QAR 217.2 million ($58.9 million) in Q2-17, from QAR 260.3 million ($70.54 million) in Q2-16
24 July 08:21 PM Nakilat profits drop 17% in Q2 on vessels lower revenues
Mubasher: Qatar Gas Transport Company Ltd (Nakilat) on Monday said that its profits declined 16.6% year-on-year in the second quarter of 2017. The profits fell to QAR 217.2 million ($58.9 million) in Q2-17, from QAR 260.3 million ($70.54 million) …
The company’s losses stood at SAR 21.09 million in Q2-17, against profits of SAR 47 million in Q2-16, according to a bourse filing
24 July 07:12 PM Shaker loses SAR 21.09m in Q2
Riyadh – Mubasher: Al-Hassan Ghazi Ibrahim Shaker Co turned to losses in the second quarter of 2017. The company’s losses stood at SAR 21.09 million in Q2-17, against profits of SAR 47 million in Q2-16, according to a bourse filing. …
The bank achieved SAR 2.18 billion net profits in Q2-17, compared to SAR 2.05 billion in Q2-16
24 July 06:43 PM Al Rajhi Bank profits rise 6% in Q2
Riyadh – Mubasher: Al Rajhi Bank on Monday said that its net profits increased by 6.3% year-on-year in the second quarter of 2017. The bank achieved SAR 2.18 billion net profits in Q2-17, compared to SAR 2.05 billion in Q2-16, according to a …
The company posted SAR 13.72 million in Q2-17, compared to SAR 12.64 million in Q2-16, according to a bourse filing
24 July 05:51 PM Al Abdullatif profits grow 8.5% in Q2 on lower sales costs
Riyadh – Mubasher: Al Abdullatif Industrial Investment Company on Monday announced an 8.5% increase year-on-year in its profits for the second quarter of 2017. The company posted SAR 13.72 million in Q2-17, compared to SAR 12.64 million in Q2-16, …
This agreement is Sharia-compliant, according to a statement to the Saudi Stock Exchange
24 July 05:13 PM Banque Saudi Fransi, Jadwa REIT Fund ink SAR 500m facilities deal
Riyadh – Mubasher: Jadwa's real estate investment traded fund (Jadwa REIT Al Haramain Fund) on Monday said that it has obtained SAR 500 million after signing a banking facilities agreement with Banque Saudi Fransi. This agreement is …
Total revenues shrank by 24% to SAR 1.4 billion in Q2-17
24 July 05:01 PM Bahri posts lower profits in Q2
Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) reported a drop of 68.4% in profits during the second quarter of 2017 compared to the same period last year. The company’s earnings decreased to SAR 153.9 million in Q2-17 from …
Earnings decreased to KWD 2.77 million ($9.15 million) in Q2-17
24 July 04:42 PM Gulf Insurance Q2 profits down 27.6%
Mubasher: Gulf Insurance Group reported a decline of 27.6% in profits during the second quarter of 2017 compared to the same quarter a year ago. Earnings decreased to KWD 2.77 million ($9.15 million) in Q2-17 from KWD 3.83 million ($12.65 million) …
The company’s total sales in H1-17 grew by 8.9%
24 July 04:29 PM SAFCO profits decline 32% in Q2
Riyadh – Mubasher: Saudi Arabian Fertilizer Co (SAFCO) registered a drop of 32.4% in net profits during the second quarter of 2017 compared to the same period a year ago. Earnings shrank to SAR 204.3 million in Q2-17 from SAR 302.3 million in …
The exports will fall 1 million bpd below 2016 levels, the agency added, citing Al Falih as saying
24 July 04:24 PM KSA oil exports to reach 6.6m bpd in August – Al Falih
Riyadh – Mubasher: Khalid Al Falih, the Saudi minister of energy, industry, and mineral resources on Monday said that the Kingdom’s oil exports will be limited to 6.6 million barrels per day (bpd) in August, according to Reuters. The exports will …
DFM Company's total revenues reached AED 239.3 million in H1-17
24 July 04:05 PM DFM Company profits down in Q2
Dubai – Mubasher: DFM Company posted a 19% year-on-year decline in its profits during the second quarter of 2017, according to a statement. Net profits reached AED 43.3 million ($11.8 million) in Q2-17, compared to AED 53.5 million ($14.6 million) …
Any increase in shale oil production in the short term would hurt oil markets
24 July 03:51 PM Too early to discuss additional oil output cuts – UAE Minister
Abu Dhabi – Mubasher: Global oil demand is expected to rise in the second half of 2017, according to the UAE energy minister Suhail bin Mohammed Faraj Al Mazrouei. Any increase in shale oil production in the short-term would hurt oil markets, Sky …
No more OPEC discussions on deepening oil output cuts – Al Falih
24 July 03:38 PM No more OPEC discussions on deepening oil output cuts – Al Falih
Riyadh – Mubasher: Khalid Al Falih, the Saudi minister of energy, industry, and mineral resources on Monday said that there will not be further discussions of deeper oil output cuts from members and non-members of the Organization of the Petroleum …
The transaction included 3 million shares
24 July 03:36 PM Private transaction on Al Marai posts SAR 249m
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Monday registered one private transaction on Al Marai’s stock at a value of SAR 249 million, according to recent data. The transaction included 3 million shares at a value of SAR 83 each. By …
Nomu’s turnover stood at SAR 1.7 million
24 July 03:26 PM TASI closes Monday in red, NOMU rises
Riyadh – Mubasher: The benchmark Tadawul All Share Index (TASI) of the Saudi Stock Exchange (Tadawul) closed Monday’s session 0.15% or 11.09 points lower at 7,252.5 points. Tadawul’s trading value amounted to SAR 2.6 billion after 111.2 million …
SHUAA has been market making on all futures since the market opened on 1 September
24 July 03:20 PM Nasdaq Dubai sees higher equity futures in July – SHUAA
Dubai – Mubasher: Nasdaq Dubai broke a new record in July with the value of equity futures traded rising 76% to AED 17.6 million from AED 10 million in June, according to a statement by SHUAA Capital. SHUAA facilitates access to a robust platform …
NBK recorded the highest liquidity
24 July 02:39 PM Boursa Kuwait indices rise at Monday close
Mubasher: The main index of Boursa Kuwait closed Monday’s trading session 0.33% or 22.5 points higher at 6,822.18 points. Similarly, both the weighted and Kuwait-15 indices went up 1.31% and 1.74%, respectively. The oil and gas segment topped …
Trading volume slid to 11.09 million shares on Monday against 40.27 million shares on Sunday
24 July 02:14 PM MSM closes Monday near stable
Mubasher: The main index of the Muscat Securities Market (MSM) ended Monday near stable after edging down 0.08% or 4.19 points, reaching 4,995.17 points. Raysut Cement Company fell 3.43%, while Al Jazeira Services and Al Anwar Holdings decreased …
Voluntary participation shall not exceed 2% of net profit average during fiscal years 2015 and 2016
24 July 02:01 PM Foodco nods to construction of 2 buildings
Abu Dhabi – Mubasher: Foodco Company’s shareholders approved on 23 July to sign a deal with a related party for the construction of two residential buildings on a plot owned by the company, according to a bourse statement. The board also provided …
Operating expenses amounted to SAR 39.7 billion
24 July 01:52 PM KSA telecom sector revenues reach SAR 50bn in 2016 – GASTAT
Riyadh – Mubasher: The number of enterprises in Saudi Arabia's telecommunication sector reached 11,650, generating operating revenues of SAR 49.7 billion in 2016, according to new data of Saudi General Authority for Statistics (GASTAT). Operating …
Trading volume rose to 9.9 million shares on Monday from 7.31 million shares on Sunday
24 July 01:40 PM QSE gains 79.41 pts at Monday’s close
Mubasher: The benchmark index of the Qatar Stock Exchange (QSE) ended Monday in the green zone after increasing 0.84% or 79.41 points to reach 9,579.16 points. The telecoms sector rose 2.49% as Vodafone Qatar and Ooredoo grew 4.19% and 2.16%, …
Trading volume reached 177.152 million shares on Monday
24 July 01:39 PM DFM closes Monday in green
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a positive performance on Monday, backed by the rise of telecom and real estate sectors. The DFMGI rose 0.08% or 2.97 points to reach 3,599.38 points. The telecom sector added 0.54% as du went …
Banque Saudi Fransi's profits fell to SAR 1 billion
24 July 01:19 PM Banque Saudi Fransi Q2 profits fall 4.1%
Riyadh – Mubasher: Banque Saudi Fransi posted a decline of 4.1% in profits to SAR 1 billion ($268 million) during the second quarter of 2017 compared to SAR 1.05 billion ($279 million) in the same period in 2016. On a quarterly basis, the bank’s …
NBAD was the value leader
24 July 01:16 PM ADX marginally rises at Monday close
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a positive performance on Monday, backed by the rise of energy and telecom sectors. The general index gained 0.12% or 5.45 points to reach 4,540.24 points. Trading volume reached …
Earlier this year, the company unveiled its $1 billion tower project at Dubai Creek Harbour
24 July 01:08 PM Emaar plans $1bn tower before 2020
Dubai – Mubasher: Emaar Properties called contracting companies to submit bids for the construction of the Tower at Dubai Creek Harbour, MEED magazine reported. This step reflects the company’s desire to complete the tower before 2020. Earlier …
Mouwasat, PBC ink MoU worth SAR 150m
24 July 12:18 PM Mouwasat, PBC ink MoU worth SAR 150m
Riyadh – Mubasher: Mouwasat Medical Services Co signed on Sunday a memorandum of understanding (MoU) with Saudi-based Project Build Co (PBC) to expand Mouwasat’s hospital in Dammam. The MoU is valued at SAR 150 million, effective from the date of …