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Industries Qatar soars despite lower annual profit
February 17, 2014--The QE 20 Index advanced by 1.54 per cent to 11,724.20 points on Monday, February 17.
Market bellwether Industries Qatar jumped by 7.40 per cent to QAR193.10. Earlier in the day, the market heavyweight said that the financials revealed a net profit of QAR8 billion ($2.16bn) in 2013 versus QAR8.4bn ($2.26bn) in 2012 and the...
Higher costs diminish Gulf Medical Projects Company profits
February 17, 2014-The Abu Dhabi Securities Exchange General Index (ADXGI) closed 0.24 per cent lower at 4,880.06 points on Monday, February 17.
Market bellwether, Etisalat, closed flat at AED11.80. Gulf Medical Projects Company (GMPC) also ended even, at AED2.70. Earlier in the day, the firm said that its net income for 2013 amounted to AED70.7 million ($19.28m),...
Dubai developers rise as bank shares fall back
February 17, 2014--The Dubai Financial General Index (DFMGI) closed 0.63 per cent higher at 4,224.01 points on Monday February 17, as trading volumes remained at bullish levels.
Emaar Properties edged up by 1.18 per cent to AED8.55. After the market closed, Emaar said it netted in 2013 an (unaudited) income of AED2.568 billion or US$699 million, up ...
Egypt: Egypt Bourse Gains Egp 1.9 Billion
February 17, 2014--The Egyptian Stock Exchange (EGX) made more profits at the end of trading on Thursday 13/02/2014,
backed by intensive purchases by Arab and foreign investors along with the Egyptian institutions.< href="http://allafrica.com/stories/201402172023.html" TARGET="_top">view more
DSI falls back despite profit surge and record-high backlog
February 13, 2014--The Dubai Financial General Index DFMGI closed 1.29 per cent higher at 4,073.56 points, on Thursday February 13.
Arabtec, as the most liquid share, ended up 0.40 per cent higher at AED4.99. Drake and Scull International (DSI) declined by 0.56 per cent to AED1.79. Earlier in the day, DSI said that its net income in ...
Ahli United Bank helps private banking clients to invest in London
February 13, 2014--The Bahrain All Share Index gained 0.23 per cent to 1,317.94 points on Thursday, February 13.
Cinema climbed the most, ending ten per cent higher at BD1.43. Ahli United Bank (AUB) slipped by 1.88 per cent to $0.785. Earlier in the day, AUB said that it recently updated its private banking clients about property investments...
Waha Capital share advances close to AED3
February 13, 2014--The Abu Dhabi market index ADXGI rebounded by 0.50 per cent to 4,892.41 points on Thursday, February 13.
Maritime, aviation financing and leasing specialist Waha Capital was the most liquid share, finishing 3.73 per cent higher at AED2.78.
Real estate leader Aldar Properties dipped by 1.50 per cent to AED3.35. Approximately 270 million shares were...
Qatar National Bank rises near to QAR200
February 13, 2014--The QE 20 Index advanced by 0.80 per cent to 11,452.97 points on Thursday, February 13.
Qatar National Bank advanced by 0.80 per cent to QAR189.50. Ooredoo (formerly Qatar Telecom) edged up by 1.64 per cent to QAR148.50. The shares of National Leasing fell the most, ending off by 4.07 per cent to QAR29.45.
Fitch: Egypt's ratings stabilised but rapid recovery unlikely
February 13, 2014--Fitch Ratings says in a new report that Egypt's ratings have stabilised on tentative political and economic improvements, but rapid upgrades are unlikely.
In early January 2014 Fitch took Egypt's Long-Term Foreign-Currency rating off Negative Outlook for the first time since January 2011. Over this period Egypt's ratings were downgraded by a cumulative five notches.
Saudi Kayan results remain in the red, shares dip
February 12, 2014--The Tadawul All Share Index declined by 0.17 per cent to 8,859.20 points on Wednesday,, February 12.
Saudi Kayan Petrochemical Company lost 0.33 per cent, falling to SAR15.10. Earlier in the day, Saudi Kayan said that it recorded a net loss of SAR346.41 million ($93.53m) in 2013, representing an improvement of 55 per cent year...
