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UAE's listed companies show off some triple-digit profit gains - some in four digits too

But it is another Abu Dhabi entity, International Holding, that's blazing a hot trail ....

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Sharjah Islamic Bank's stock looks a good one to hold on to

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). ....

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Friends of Cancer Patients call on female residents in UAE to undergo regular breast health check-ups

Sharjah: Residents who have availed of free mammogram screenings during the UAE-wide breast cancer awareness campaign in 2019 by Friends of Cancer Patients (FoCP), are advised to get themselves tested again at the Pink Caravan Medical Mobile Clinic, located at the Supreme Council for Family Affairs (SCFA) in Sharjah.
FoCP said on Monday that the follow-up tests are mandated under the National Guidelines for Breast Cancer Screening and Diagnosis, which stipulate that women aged 40-69 years should undergo mammogram screening every two years. “Pink Caravan Medical Mobile Clinic conducts free breast cancer screenings across the seven emirates of the UAE, while raising awareness on the importance of early detection and diagnosis of breast cancer, its prevention and risk factors. The clinic has been conducting follow-up tests since January 2021,” FoCP noted. ....

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UAE banks' weakening credit quality may drive loan restructuring

UAE banks weakening credit quality may drive loan restructuring
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Filed on May 4, 2021
Weakening credit quality, according to analysts, is likely to drive loan restructuring at large-to-mid-sized accounts, with smaller businesses and retail loans facing impairment risk.
The UAE Central Bank has extended until mid-2022 some stimulus measures introduced last year to mitigate the impact of the coronavirus crisis on the economy.
Eleven UAE national banks have reported around Dh7.74 billion in first quarter net profit, a growth of 9.6 per cent over the same period last year, amid warning by analysts of deteriorating credit quality for major banks. ....

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UAE national banks post Dhs7.7 billion net profit in first quarter of 2021

UAE national banks post Dhs7.7 billion net profit in first quarter of 2021
5 hours ago
Picture used for illustrative purpose.
Eleven UAE national banks have reported circa Dhs7.74 billion net profit in first quarter of 2021, a growth of 9.6 per cent over the same period last year.
According to data issued by the these banks, six ADX-listed banks booked around Dhs4 billion in profits during the first three months of the year, compared to Dhs2.967 billion over the same period in 2020.
FAB topped the list with around Dhs2.475 billion in profit, an increase of 2.8 per cent from the same period last year. ADCB came second with AED1.12 billion in net profit; followed by Sharjah Islamic Bank, Dhs164 million; and then RAK Bank and NBQ, Dhs43 million each. ....

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