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Abu Dhabi – Mubasher: The International Holding Company announced that it achieved net profits during the first half of the year 2023, by about 10.4 billion dirhams, compared to profits of 10.35 billion dirhams in the first half of the year 2022.

The company’s revenues rose to 28.7 billion dirhams in the first half, a growth of 31 percent, compared to 21.9 billion dirhams, according to a press release issued today, Thursday.

Basic and diluted earnings per share during the 6 months amounted to 3.27 dirhams, compared to 2.42 dirhams in the same period last year.

The profits of the International Holding Company increased by 63 percent at the end of the first quarter of this year, compared to the profits of the same first quarter of last year.

The company stated in a statement that it achieved profits of 2.61 billion dirhams at the end of the first quarter of 2023, compared to profits of 1.60 billion dirhams at the end of the first quarter of 2022.

Al Alamiah Holding achieved gains from the exclusion of a subsidiary of 7.77 billion dirhams at the end of the first quarter of this year, compared to nothing at the end of the first quarter of last year.

The company’s profits increased by 72 percent by the end of 2022, to reach 12.65 billion dirhams, compared to 2021 profits of 7.34 billion dirhams.

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Nominations:

“Americana” shares witnessed positive activity in the Saudi market, recording the highest gains in 2023

“Tadawul”: a buying trend for foreigners in the month of July…and ownership increased by 2.8 billion dollars

Updated.. “Tadawul” witnesses the implementation of 6 special deals on leading shares, at a value of 493 million riyals

2023-08-03 15:14:33
#Profits #AlAlamiya #Holding #recorded #billion #dirhams #months

Abu Dhabi – Mubasher: The ENOC Group, the energy company, signed today, Wednesday, a strategic agreement with the Retired Military Association in Abu Dhabi to continue developing the fuel retail infrastructure in the UAE and contribute to meeting the growing energy needs.

Under the agreement, ENOC will study between 40 and 60 strategic locations to launch modern service stations over the next five years, according to a press release.

The group will strengthen its portfolio by constructing 4 to 6 full-service stations annually in Abu Dhabi over the five years to meet the increasing demand of customers for its high-quality services and products. ENOC will start work on 4 projects with the Retired Military Association this year.

The agreement was signed by Saif Humaid Al Falasi, CEO of ENOC Group, and Khalaf Nasser Rashid Al Qubaisi, Chairman of the Board of Directors of the Retired Military Association, at the headquarters of the ENOC Group, in the presence of a number of senior officials from both sides.

Also under the partnership, ENOC will give priority to attracting and retaining Emirati employees and families of retired military association members to build national competencies and promote economic growth. ENOC will also support the association with exclusive sponsorships and benefits that contribute to serving its members.

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Nominations:

Videography.. 5 Arab countries are among the top 25 attractive destinations for foreign investment in the world

2023-08-02 12:38:12
#ENOC #signs #agreement #develop #infrastructure #fuel #retail #sector #UAE

Doha – Mubasher: Qatar Stock Exchange closed trading today, Sunday, in green for the thirteenth session in a row, close to the level of 11,000 points, with the support of 3 sectors.

The general index increased by 0.54%, to 10953.92 points, gaining 59.33 points from last Thursday’s level.

The session witnessed an increase in 3 sectors, led by industries by 1.46%, while 4 sectors fell, led by transport by 0.95%.

At the level of stocks, the price of 23 stocks led by “Qamco” increased by 4.33%, while the price of 25 stocks led by “Qatar and Oman” decreased by 9.81%, and the price of 4 stocks stabilized.

Qamco share also provided trading activity at all levels, with a volume of 53.52 million shares, and a liquidity of 71.77 million riyals, distributed over 2.14 thousand transactions.

Trading declined today, as liquidity reached 393.11 million riyals, compared to 617.34 million riyals in last Thursday’s session, and trading volumes reached 197.86 million shares, compared to 244.67 million shares in the previous session.

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Nominations:

Prior to its listing on the Qatar Stock Exchange, “Meeza” recorded half profits of 29.7 million riyals

At a value of $67.3 billion, more than 245 aircraft are on demand for Qatar Airways.

For the first time in 12 years, China is on high alert

2023-07-30 10:28:50
#Qatar #Stock #Exchange #closed #higher #13th #session #row

Mubasher: Oil prices rose at the settlement of weekly transactions, recording gains for the fifth week in a row, amid optimism among investors that prices will continue to rise thanks to the recovery in demand and supply cuts.

The appetite for risk in financial markets in general increased due to growing expectations that large central banks such as the US Federal Reserve and the European Central Bank are close to ending the monetary tightening cycle, which boosted expectations for global growth and energy demand, according to the Middle East News Agency.

US crude and Brent increased 5 percent this week, supported by the supply cuts announced by the “OPEC +” alliance earlier this month, and the two crude oil are heading to record gains of 13 percent during the month.

Brent crude rose 75 cents to $84.99 a barrel at closing on Friday, while “NYMEX” crude rose 49 cents to $80.58 a barrel.

And expectations of demand growth increased, last Thursday, after US gross domestic product grew in the second quarter at a rate of 2.4 percent, which exceeded expectations and supports the view of Jerome Powell, Chairman of the Federal Reserve, that the economy is capable of achieving the so-called “soft landing.”

gold

Current gold prices fell 0.3 percent during the ending week, which witnessed a new hike in US interest rates, while gold futures for August delivery rose, during yesterday’s trading, by 0.75 percent, or the equivalent of $ 14.7, to reach $ 1960.4 an ounce, with the decline in the dollar index and bond yields. The US Treasury, after the issuance of economic data that reflected a slowdown in inflationary pressures due to the continued efforts of the Federal Reserve.

The data of the Ministry of Commerce showed that the basic personal consumption expenditures price index increased in June, by 4.1 percent on an annual basis, which was less than expectations for an increase of 4.2 percent, and compared with May, when the index rose by 4.6 percent, which is the lowest level. Since September 2021, it has been viewed by the Fed as the preferred indicator for predicting future inflation trends.

Data from the Labor Department also showed that the US Employment Cost Index, a broad measure of wages and benefits, rose by a seasonally adjusted 1 percent in the three months ending in June, below expectations of 1.1 percent and slowing from an increase of 1.2 percent. during the first quarter of this year.

In the same context, University of Michigan data revealed that the consumer confidence index increased by 11.2% on a monthly basis, at 71.6 points in the revised reading for July, compared to 64.4 points in the previous month, which is lower than the initial reading, up to 72.6 points. In general, the survey attributed Increased confidence points to the continued slowdown in inflation along with stability in the labor markets.

Last Wednesday, the Monetary Policy Committee within the US Federal Reserve raised interest rates by 25 basis points (0.25%).

Federal Reserve Chairman Jerome Powell believes that inflation is very high, and he said in late June that he expected more tightening in monetary policy, a term that alludes to more interest-raising decisions.

The latest inflation data in the US revealed more encouraging signs. The consumer price index rose by 3 percent year-on-year in June, up from 9.1 percent a year earlier.

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Nominations:

Operational income increases with the profits of “Al-Awwal” to 1.55 billion riyals in the second quarter of 2023

The Saudi Central Bank raises the interest rate by 25 basis points to 6%

The Public Investment Fund announces the establishment of the Saudi Tourism Investment Company “Asfar”

“Swani” launches its brand “Nouk” to provide luxury camel milk products in Saudi Arabia

The International Monetary Fund expects the Saudi economy to grow by 1.9% in 2023

2023-07-29 08:17:27
#Federal #Reserves #decision #drops #gold #scarcity #supplies #raises #oil #week #row

Abu Dhabi – Live: RAKBANK announced its highest semi-annual profit ever, amounting to 901 million dirhams, an increase of 71% compared to the first half of 2022, while total revenue increased year-on-year by 42% to 2.2 billion dirhams.

Customer deposits rose to 49 billion dirhams, an increase of 19% year-on-year, with the share of current and savings accounts accounting for 68%, which is the best deposit in this field, reflecting a growth of 10% year-on-year.

The bank confirmed achieving strong returns for shareholders, with a return on equity of 19.3% and a return on assets of 2.7%, while maintaining high liquidity and good capitalization.

The statement added: “The strong revenues and diversified growth in the balance sheet prompted an increase in the capital adequacy ratio to reach 17.7% in the first half of 2023 compared to 16.8% in the first half of 2022, and we maintained high liquidity with the ratio of regulatory eligible liquid assets amounting to 15.1% for the first half of 2023, and the ratio of advances to stable resources comfortably stabilized at 79.9% ».

And he continued, “The bank’s rights are an enhanced value for shareholders, with an improvement in the return on assets by 2.7%, compared to 1.8% in the first half of 2022, and the ratio of impaired loans improved by 2.5%, compared to 3.4% in the first half of 2022.”

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2023-07-25 19:02:07
#RAK #Bank #records #highest #semiannual #profit #history

Malik Salameh – Mubasher: UAE financial market indices rose at the end of trading today, Monday, amid investors’ expectations that the US Federal Reserve will stop raising interest rates during its meeting this week.

According to the data of the UAE financial markets, the Abu Dhabi Stock Exchange achieved profits amounting to 25 billion dirhams, equivalent to 6.8 billion dollars.

And with the close of trading today, the Dubai Financial Market index rose by 0.187 percent, to the level of 3993 points.

There were transactions on Dubai shares with a volume of 263.134 million shares, at a value of 473.480 million dirhams.

The market value of Dubai shares amounted to 679.877 billion dirhams at the close of trading today, compared to 680.703 billion dirhams at the close of Thursday’s trading, with losses amounting to 826 million dirhams.

The Abu Dhabi Securities Market index rose by 1.154 percent, to the level of 9740 points.

There were transactions on Dubai shares with a volume of 258.836 million shares, at a value of 1.164 billion dirhams.

The market value of Abu Dhabi shares amounted to 2.737 trillion dirhams at the close of trading today, compared to 2.712 trillion dirhams at the close of Thursday’s trading, with gains amounting to 25 billion dirhams.

The Dubai Financial Market recorded market gains amounting to 170.715 billion dirhams, and the Abu Dhabi Stock Exchange achieved market profits amounting to 984 billion dirhams, with a total gain of 1.154 trillion dirhams, equivalent to 314 billion dollars.

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Nominations:

A journey of ascension witnessed by gold prices in the Emirates since the beginning of 2023.. and 21 karat, an increase of 14 dirhams

American airlines are reducing the number of passengers due to the high temperatures

Elon Musk: We are looking forward to changing the Twitter platform logo

2023-07-24 12:13:05
#Abu #Dhabi #Stock #Exchange #gained #billion #dollars #trading #week