Middle east 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 posted profits of EGP 128.78 million in H1-17, compared to EGP 30.7 million in H1-16
24 July 07:40 PM National Maize Products H1 profits rise on higher sales
Cairo – Mubasher: The National Company for Maize Products on Monday announced that its profits soared 318.5% year-on-year in the first half of 2017 on back of increasing sales. The company posted profits of EGP 128.78 million in H1-17, compared to …
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, …
Saudi Egyptian Investment on Monday posted a 68.4% year-on-year hike in profits
24 July 05:23 PM Saudi Egyptian Investment Q2 profits leap 68%
Cairo – Mubasher: Saudi Egyptian Investment and Finance on Monday posted a 68.4% year-on-year hike in profits, according to a statement. The firm achieved profits of EGP 7.11 million in the three months ended June 2017 from EGP 4.22 million in the …
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 …
The benchmark EGX30 inched up 0.28% or 37.92 points at of 13,752.98 points
24 July 04:58 PM EGX30 closes Monday in green; market cap up by EGP 4.6bn
Cairo – Mubasher: The benchmark EGX30 inched up 0.28% or 37.92 points to 13,752.98 points at Monday's close. The EGX70 index rose 3.37% to the level of 697.52 points, while the EGX100 index levelled up 2.55% at 1,594.41 points. The EGX50 inched …
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 …
CAPMAS on Monday reported a 16.3% surge in construction work completed by the public sector to EGP 23.9 million in FY15/16
24 July 03:39 PM Construction work by public sector rises 16.3% in FY15/16 - CAPMAS
Cairo – Mubasher: Construction work completed by the public sector surged 16.3% to EGP 23.9 million in fiscal year 2015/2016 from EGP 20.6 million, according to the Central Agency for Public Mobilization and Statistics (CAPMAS) on Monday. The …
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 …
Golden Pyramids succeeded in overcoming foreign exchange losses in Q1-17
24 July 03:05 PM Golden Pyramids turns to profits in Q1
Cairo – Mubasher: The financial results of Golden Pyramids Plaza Company on Monday showed a year-on-year turn to profitability in the first quarter of 2017, according to a bourse filing. The Egyptian firm achieved profits of EGP 26.32 million in …
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 …
Egysacom on Monday announced turning to losses in Q1-17
24 July 02:39 PM Egysacom turns to losses in Q1-17
Cairo – Mubasher: Egypt South Africa for Communication (Egysacom) on Monday announced turning to losses in the first quarter of 2017 due to cuts in revenue, according to a bourse filing. The firm’s losses reached EGP 373,300 in the three months …
SCFM on Monday reported turning to profitability in the fiscal year ended June 2017
24 July 02:16 PM South Cairo Mills turns to profitability in 2016/2017
Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries (SCFM) on Monday reported turning to profitability in the fiscal year ended June 2017 due to a rise in revenues, according to a bourse filing. The firm achieved profits of EGP 50.41 …
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 …