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Etisalat, banks lead gains on Abu Dhabi markets, as investors factor in Q1-21 numbers

Etisalat drove the upsurge in Abu Dhabi stocks in early Thursday trades, with the telco wowing investors with its Dh2 billion plus net profit for first three months of 2021. In Dubai, real estate stocks reversed recent losses.
Abu Dhabi Securities Exchange traded 0.1 per cent higher at 6,088 points, with Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank and Sharjah Islamic Bank benefitting from upbeat sector results. But the index received its biggest boost from Etisalat.
It gained as much as 1.2 per cent at one point, but has since shed some of the momentum and is now up 0.2 per cent.
The telco late on Wednesday reported an 8 per cent uptick in first-quarter bottom-line to Dh2.3 billion, mainly on the back of lower impairment losses of trade receivables and contract assets coupled with better contributions from associate companies. Profits were, however, squeezed a bit as operating expenses increased 4 per cent to Dh8.4 billion. ....

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UDC receives International Safety Award with distinction for The Pearl-Qatar and Gewan Island

29 Apr 2021 - 12:08
UDC s contractors recognised for their strong commitment to Health and Safety Management.
The Peninsula
United Development Company (UDC), a leading Qatari public shareholding company and master developer of The PearlQatar and Gewan Island, has received the International Safety Award 2021 with Distinction by the British Safety Council in recognition of its commitment to safeguarding the Health and Safety of its community at The Pearl-Qatar and Gewan Island including workers and workplaces.
This award recognizes organizations that have demonstrated commitment to occupational health, safety and wellbeing where 85 organizations of all sizes and sectors in more than 37 countries worldwide, were awarded for their commitment to International Safety standards out of a total 532 candidates. ....

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UDC receives International Safety Award with distinction for The Pearl-Qatar and Gewan Island

UDC receives International Safety Award with distinction for The Pearl-Qatar and Gewan Island
thepeninsulaqatar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepeninsulaqatar.com Daily Mail and Mail on Sunday newspapers.

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Etisalat stock dips as investor take out profits ahead of first quarter results

Dubai and Abu Dhabi stocks traded in the red as the selloff continued of banking stocks despite fairly upbeat first quarter numbers. In Qatar, the index hardly changed changed with insurance and banking stocks pulling in opposite directions.
Dubai Financial Market slipped 0.7 per cent to 2,610 points, pulled lower by banking and real estate stocks. Union Properties, Deyaar Development and Emirates NBD headed downward, while Dubai Islamic Bank also slipped into the red after the first-quarter profits shrunk 23 per cent year-on-year to Dh853 million.
The lender attributed the lower profits to the one-off gains amounting to Dh1 billion for the same period last year. However, the net profit rebounded sharply from the fourth quarter, when it recorded Dh35 million on the bottom-line, and signifying a clearly improving trend. ....

United Arab Emirates , Dubai Islamic Bank , Abu Dhabi , Abuz Aby , Deyaar Development , Qatar Exchange , First Abu Dhabi Bank , Union Properties , Financial Market , Abu Dhabi Securities , Abu Dhabi Bank , Qatar Insurance , ஒன்றுபட்டது அரபு அமீரகங்கள் , துபாய் இஸ்லாமிய வங்கி , தீயார் வளர்ச்சி , கத்தார் பரிமாற்றம் , தொழிற்சங்கம் ப்ராபர்டீஸ் , நிதி சந்தை , கத்தார் காப்பீடு ,

UAE investors turn jittery, engage in some profit booking despite upbeat Q1-2021 results

Dubai and Abu Dhabi stocks took a breather from three days of advances on Tuesday morning, with investors keen on profit-booking amid uncertain market conditions. Qatar Exchange gained on the back of strong first-quarter results from leading lights.
Dubai Financial Market traded 0.2 per cent lower at 2,640 points despite du advancing 0.8 per cent after first-quarter 2021 profits jumped around 39 per cent from the final quarter of 2020, implying the telco has left the worst behind. But gains were limited as the performance fell short of pre-pandamic levels, with profits and revenues dropping compared to the same quarter last year when COVID-19 had just begun to impact. ....

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