Zawya.com - Abu Dhabi SE News

UAE banks' provisions increase 178%

Sun, 08 Nov 2009 05:41:17 GMT

Nine-month provisions for 19 banks listed on UAE stock exchanges were up more than 178 per cent year-on-year while net profits fell 13.7 per cent at the end of the third quarter, Emirates Business research reveals.

UAE markets face uncertain times amid selling pressure

Sun, 08 Nov 2009 05:37:21 GMT

UAE stock markets are expected to face a period of confusion and lack of clear direction amid dwindling volumes, said analysts.

EFG: Regional Monthly (05-Nov-09)

Sun, 08 Nov 2009 05:13:00 GMT

This is a PDF report.

UAE Equities Fall in Choppy Trading on Economy Woes

Fri, 06 Nov 2009 07:49:48 GMT

UAE shares dropped for a third day to cap a choppy trading week on Thursday, as bourses continued to track global declines, with most investors treading cautiously on lingering worries over the strength of a world economic turnaround.

Markaz: GCC Quants (Nov-09)

Thu, 05 Nov 2009 09:11:00 GMT

This is a PDF report.

Abu Dhabi bourse ends flat despite market volatility

Thu, 05 Nov 2009 05:44:33 GMT

The Abu Dhabi Securities Exchange (ADX) closed almost flat yesterday despite relatively high volatility in the market, with leading active stocks in the real estate sector moving in a wide gap.

Etisalat's Global Customer Base Reaches 94 Million

Wed, 04 Nov 2009 13:01:02 GMT

Etisalat announced its international subscriber base has reached 94 million and that the number will soon reach 100 million subscribers soon with operations covering nearly two billion people across its eighteen markets around the world.

Real estate stocks continue to put pressure on ADX

Wed, 04 Nov 2009 06:46:13 GMT

High volatility in real estate stocks continued to press down the Abu Dhabi Securities Exchange (ADX) yesterday, as the index lost one per cent, or 29.89 points, to close at 2947.80 points.

Realty and energy sectors help Abu Dhabi rebound

Tue, 03 Nov 2009 07:47:22 GMT

Real estate and energy sectors led the bounce in the Abu Dhabi Securities Exchange (ADX) yesterday, with its index advancing 57.43 points, or 1.97 per cent, and closing at 2977.69 points.

Activity declines in ME IPO market in Q3 of 2009: E&Y

Mon, 02 Nov 2009 10:51:18 GMT

The initial public offering (IPO) market in the Middle East has declined according to the figures in the Ernst & Young Middle East IPO Update for the third quarter (Q3) of 2009.

Provisions Rise 39% For Abu Dhabi Banks

Mon, 02 Nov 2009 05:44:15 GMT

The allocations for bad debts in five Abu Dhabi-based banks, National Bank of Abu Dhabi (NBAD), Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), First Gulf Bank (FGB) and Union National Bank (UNB), have increased in the third quarter of the current fiscal year by 38.9 per cent, compared to the first half.

Broker Boom

Mon, 02 Nov 2009 05:27:24 GMT

Financial brokerage companies in the UAE are still making profits despite taking a hit from the global recession, which has resulted in a 57% drop in revenues in the sector, according to a study.

Global: MENA, Oil & International Markets Monthly Technical Analysis Report (Nov-09)

Sun, 01 Nov 2009 12:04:00 GMT

This is a PDF report.

Etisalat offers pocket HSPA-WiFi modem

Sun, 01 Nov 2009 06:47:56 GMT

Etisalat has unveiled a HSPA-WiFi modem, a trendsetting mobile bro-adband service that enables customers to simultaneously connect up to five WiFi-enabled gadgets by using one SIM card.

NCB Capital: GCC Debt Market Tracker (Oct-09)

Sat, 31 Oct 2009 13:12:00 GMT

This is a PDF report.

ADIB profit rises 24% despite realty revenue fall

Fri, 30 Oct 2009 09:03:00 GMT

Abu Dhabi Islamic Bank posts Dh239.5 million third quarter profit, up 11% vs same period of last year.

Sorouh records third quarter profit of Dh187m

Fri, 30 Oct 2009 08:20:19 GMT

Abu Dhabi-based Sorouh Real Estate recorded a third-quarter net profit of Dh187.3 million, down 75 per cent from the year-ago quarter, but said it saw signs of stabilisation in the market.

UAE Shares Fall on Disappointing Earnings

Fri, 30 Oct 2009 06:46:41 GMT

UAE shares tumbled on Thursday, as disappointing earnings results at home, and a sell-off in global equities due to weak US housing data, triggered profit-taking.

EFG-Hermes: MENA Focus List (29-Oct-09)

Thu, 29 Oct 2009 14:37:00 GMT

Performance YTD: Year-to-date, the MENA Focus List has risen 44.7% versus 27.1% for the MSCI Arabian Markets Index and 18.5% for the MSCI Arabian Markets ex Saudi Arabia Index. The Focus List continues to lag the continued strength of emerging markets, with the MSCI Emerging Markets benchmark having risen 61.7% year-to-date.

Increasing High-Beta Names: We see growing institutional interest in MENA markets, which have lagged larger emerging markets in the 2009 rally. We believe that the ongoing resolution of Dubai?s debt should support performance in the UAE and our economists see strong growth underpinned by a fiscal stimulus across much of the region. Fund flows into EMEA and MENA-related funds are positive, and the global monetary environment favours continuing strength in risk assets. We therefore take profits on a number of lower

Most cement firms post declines in their profits

Thu, 29 Oct 2009 08:19:41 GMT

Cement firms in the region and especially in the UAE will continue to announce below par results until the end of 2010, senior industry officials said.

ADX drops as weak global cues weigh on trading

Thu, 29 Oct 2009 08:16:50 GMT

Abu Dhabi Securities Exchange (ADX) continued to slip further yesterday amid weak global cues.

JLL: Pulse - MENA House View (Oct-09)

Thu, 29 Oct 2009 08:07:00 GMT

This is a PDF report.

'UAE Private Shareholding Firms Should Become Public Ones'

Thu, 29 Oct 2009 06:36:54 GMT

Private shareholding companies should convert themselves into public companies, said the Abu Dhabi Securities Exchange (ADX). All public shareholding companies in the UAE are now listed on the country's financial markets.

NBAD's Q3 net profit rise 41% to Dh 914 million

Wed, 28 Oct 2009 13:15:39 GMT

National Bank of Abu Dhabi (NBAD) recorded net profits of Dh914 million in the third quarter of 2009, an increase of 41% compared with Dh651 million for the third quarter of 2008. Cumulative profits for the nine months amounted to Dh 2,591 million, 2.5% up on the comparable period of 2008 and representing an annualised EPS of AED 1.53 compared with the previous corresponding period of AED 1.51.

KMEFIC: GCC Economic Digest (Q3-09)

Wed, 28 Oct 2009 11:03:00 GMT

This is a PDF report.

NBF Announced Net Profit of AED70.2M

Wed, 28 Oct 2009 10:28:27 GMT

National Bank of Fujairah recorded net profit of AED 70.2 million compared to AED 67.0 million in the same period last year

ADCB Q3 profit down to Dh44m on provisions

Wed, 28 Oct 2009 06:03:20 GMT

Abu Dhabi Commercial Bank (ADCB) posted a 90 per cent drop in third-quarter net profit, falling short of expectations, as the lender booked hefty provisions, sending its shares down more than eight per cent.

Taqa's North Sea well begins output

Wed, 28 Oct 2009 05:52:50 GMT

Taqa Bratani, (the UK arm of Abu Dhabi National Energy Company), announced production from its first North Sea oil well. The well was drilled from the Taqa Bratani-operated North Cormorant platform and was completed safely, on time and within budget.

ADX drifts lower by 0.71% on weak international cues

Wed, 28 Oct 2009 05:47:15 GMT

Equities on the Abu Dhabi Securities Exchange (ADX) came under pressure yesterday as, lacking any positive triggers, they were affected by negative global cues.

Aldar posts Dh430m profit in Q3

Wed, 28 Oct 2009 05:40:30 GMT

Aldar Properties net profit for third quarter dropped 43 per cent to Dh430 million from Dh760m in the same period last year.

Aldar opens projects to institutional investors

Wed, 28 Oct 2009 05:40:05 GMT

Aldar Properties is positioning itself to attract institutional investors into its local projects, a top company executive said.

Abu Dhabi Commercial Bank 3Q 2009 Results

Tue, 27 Oct 2009 14:42:54 GMT

Abu Dhabi Commercial Bank (ADCB)reported the financial results for the 3Q 2009 ending September 30th.

ADCB announces nine month net profit of AED 701 mn

Tue, 27 Oct 2009 14:19:42 GMT

Abu Dhabi Commercial Bank (ADCB) today announced its results for the nine month period ended 30 September 2009, with net profits of AED 701 mn, a decline of 57% over YTD?08.

Aldar declares stable nine months 2009 results

Tue, 27 Oct 2009 13:59:51 GMT

Aldar Properties PJSC, Abu Dhabi?s leading property development, investment and management company today announced financial results for the first nine months of 2009. Despite still challenging economic conditions, Aldar reported net profit of AED 1,569.8 million with gross revenues of AED 1,740.5 million during the period.

Bank of Sharjah profit rises 14% to $105.6m

Tue, 27 Oct 2009 06:29:10 GMT

Bank of Sharjah said third-quarter profit rose 14 per cent. Net income advanced to Dh388 million ($105.6m), or 19.2 fils a share, from Dh341m, or 18.3 fils, in the same period last year, the Sharjah-based bank said yesterday in a statement to the Abu Dhabi bourse.

ADX surge continues on sustained buying support

Tue, 27 Oct 2009 06:26:24 GMT

Continuous buying activity was seen across several counters on the Abu Dhabi Securities Exchange yesterday. Barring the consumer and healthcare sectors, the remaining sub-indices closed higher as third quarter results boosted interest.

Shuaa Capital Issues GCC Investor Sentiment Report

Mon, 26 Oct 2009 10:51:03 GMT

Shuaa Capital, the region's leading financial services institution, today issued its October GCC Investor Sentiment Report, the only report of its kind for the Gulf markets.

ADX moves up as banking and realty stocks go higher

Mon, 26 Oct 2009 06:57:25 GMT

The Abu Dhabi Securities Exchange moved up yesterday as banking, energy and real estate shares attracted buying support while construction, insurance, healthcare and industrial stocks came under pressure.

Bayan: Monthly Summary of GCC Stock Markets (Oct-09)

Thu, 01 Oct 2009 11:15:00 GMT

This is a PDF report.

TresVista: MENA Monthly News (Oct-09)

Thu, 01 Oct 2009 11:11:00 GMT

This is a PDF report.