Live Breaking News & Updates on துபாய் நிதி|Page 4
Stay updated with breaking news from துபாய் நிதி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Dubai: Dubai s benchmark stock index advanced the most among Gulf peers as real estate shares extended gains. The Dubai Financial Market General Index rose as much as 1.3%, up for a fifth day in its longest winning streak since March. The sub-index tracking Dubai-based real estate shares climbed as much as 2.4% on Sunday, touching the highest level since November 2019. Those shares are trading higher amid a residential property price rally Morgan Stanley sees lasting for years. Vaccinations are helping a lot the reopening theme from an investment case perspective, particularly in the United Arab Emirates and Saudi Arabia, Ali El Adou, head of asset management at Daman Investments in Dubai, said in an interview with Bloomberg TV. The UAE, a federation of seven sheikdoms including Dubai, has one of the highest inoculation rates globally. ....
Dubai's Union Properties dismisses all talk of going private, de-listing from DFM gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
Background The Colombo Port City commission bill is to be debated in parliament this week. Over the last few weeks, Sri Lankans have contemplated if the proposed Colombo Port City is the messiah that will rescue the country’s economy or whether it is another Trojan Horse that will throw firewood into the already smoldering regional geopolitical furnace. The Port City as a model has the potential to be a driver of growth. For that, it must be governed well within a globally accepted, transparent and accountable regulatory framework. The project can bring in much needed foreign investment and kickstart growth especially at a ....
GFH reports net profit of $16.12 MILLION for first quarter of 2021 Published: 9:45 PM, May 11, 2021 Untitled-1 MANAMA, MAY 11 GFH Financial Group BSC (GFH or “the Group) (Bahrain Bourse: GFH) announced on Tuesday its financial results for the first quarter of the year ended March 31, 2021. The Group reported net profit attributable to shareholders of $16.12 million for the period compared with $5.08 million in the first quarter of 2020, up 217.2 per cent. The increase reflects strengthening across business lines and improved contributions from the Group’s commercial banking and treasury activities, in particular. Earnings per share for first quarter of 2021 was US cents 0.53 compared to US cents 0.15 for the first quarter of 2020. Consolidated net profit for the first quarter was $19.34 million compared with $6.78 million in the first quarter of 2020, an increase of 185.2 per cent. ....
SHARE Dubai-listed Aramex appointed Othman Aljeda as its new chief executive as the company reported a 32 per cent decline in first-quarter profit but saw revenue soar on the back of rising e-commerce. Profit in the first three months of the year fell to Dh46 million ($12.5m) from the same period a year earlier, the company said in a regulatory filing on Thursday to the Dubai Financial Market, where its shares trade. Revenue in the first quarter grew 24 per cent to Dh1.4 billion. Operating profit declined 20 per cent to Dh79m. First-quarter earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins fell 11.9 per cent, impacted by an increase in line-haul costs on the back of global capacity constraints caused by supply chain disruptions the industry continues to face due to the pandemic , Aramex said. ....