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RIYADH: UAE city Umm Al Qaiwan, or UAQ, has signed a series of cooperation agreements in an attempt to achieve its sustainable blue economy strategy, according to WAM. The ‘blue economy’ is a concept that encourages sustainable exploitation, innovation, and stewardship of the oceans and its resources. ....
For the week ended May 27, the DFM rallied 2.38 per cent and ADX closed higher by 0.47 per cent. The top gainers are Abu Dhabi National Hotels (24.58 per cent), National Marine Dredging Co. (24.10 per cent), National Corporation of Tourism and Hotels (17.14 per cent), Ras Al Khaimah White Cement (14.94 per cent) and Abu Dhabi National Takaful (12.90 per cent). Let us take a look at the listed shares in the UAE banking sector. This year, Emirates NBD is the best performer with a gain of 31 per cent. First Abu Dhabi Bank also had a stellar gain of 25.58 per cent. Of course, reports that First Abu Dhabi Bank s weighting in the MSCI Emerging Markets index could increase helped the shares to rally. Among listed banks, the others to have done well this year are Abu Dhabi Islamic Bank (20.64 per cent), Abu Dhabi Commercial Bank (9.35 per cent), and Sharjah Islamic Bank (6.82 per cent). ....
Clear winners - and losers - among UAE stocks in first quarter investor picks 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.
Will investors look beyond UAE banks' disappointing 2020 numbers? 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.
Winners all In the UAE s stock universe, 50 of the 126 listed stocks posted positive returns. The Top 5 performers were International Holdings Co. (up 577 per cent), Gulfa Mineral Water (304 per cent), Abu Dhabi National Energy Co. (aka TAQA, and with a gain of 206 per cent), Dubai Islamic Insurance (138 per cent) and Arkan Building Materials (110 per cent). The relentless pace of its acquisitions supported International Holdings Co. s share rally. TAQA benefitted from its merger with Abu Dhabi Power that made it the premier utility company in the UAE. Stocks that suffered the largest declines last year were DXB Entertainments (52 per cent), Arabtec Holding (59 per cent) and Emirates REIT (69 per cent). ....