Category: Industry Analysis

  • Al Tadamun Microfinance in talks for EGP 200m loan

    Al Tadamun Microfinance in talks for EGP 200m loan

    Al Tadamun Microfinance Foundation is negotiating EGP 200 million loan with two Egyptian banks, CEO Reham Farouk told Mubasher. During the first six months of 2019, Al Tadamun secured EGP 150 million loans from six banks, Farouk added. The top official noted that the foundation did not receive loans from any foreign source during the […]

  • Marakeb Technologies to commission unmanned surface vessel

    Marakeb Technologies to commission unmanned surface vessel

    Marakeb Technologies has launched a project to build a 16-feet Unmanned Surface Vessel (USV) project for global offshore solutions provider, Unique Group. Unlike remotely-controlled boats, the new vessel will be able to navigate a certain scenario on its own, equipped with programmable speeds, obstacle warnings, and failsafe protocols, according to a company statement released on […]

  • Dubai Expo 2020 to boost real estate business in UAE – Analysis

    Dubai Expo 2020 to boost real estate business in UAE – Analysis

    The real estate companies operating in the UAE are facing major challenges that have slowed down their profits and revenue in the first quarter of 2019, economists told Mubasher. Net profit of the real estate companies in the Emirati markets amounted to AED 3.12 billion in Q1-19, down 19% from AED 3.86 billion in the […]

  • Agility’s new US investment step towards further future contracts – Analyst

    Agility’s new US investment step towards further future contracts – Analyst

    The contract won by Agility Public Warehousing’s subsidiary from the US Defense Logistics Agency (DLA) is expected to boost the parent firm’s investments over the coming period, financial analyst Ahmed Jassim Al-Qamar said. This deal is considered the first after Agility reached a settlement with the US government two years ago, Al-Qamar added. Earlier on […]

  • GITEX bring game-changing deals to local telecom industry – Analysts

    GITEX bring game-changing deals to local telecom industry – Analysts

    Dubai’s GITEX technology week is expected to have a positive impact and bring in more investments to the UAE, especially in the field of telecommunications, analysts told by Mubasher. Issam Kassabieh, senior financial analyst at MenaCorp Financial Services, expects this international event to positively influence the performance of the major players in the telecommunications sector. […]

  • Dana Gas on road to new levels – Analysis

    Dana Gas on road to new levels – Analysis

    The stock of Dana Gas saw a strong performance this weak, leading analysts to expect it will maintain the upwards trend, breaking resistance levels and reaching new highs. The stock surged 2.7% on Thursday reaching AED 1.14 after rising for five consecutive sessions since the beginning of the week. The banks sector led the trading […]

  • REITs’ listing to energise UAE markets – Analysis

    REITs’ listing to energise UAE markets – Analysis

    The UAE authorities are at pains to attract investors from all over the world through a variety of means, decisions, and plans, such as the Dubai Financial Market’s (DFM) scheme to list real estate investment trusts (REITs). Earlier in July, the DFM signed a memorandum of understanding (MoU) with the Dubai Land Department (DLD) for […]

  • UAE firms’ disclosures of Abraaj exposure to boost investor confidence – Analysts

    UAE firms’ disclosures of Abraaj exposure to boost investor confidence – Analysts

    Analysts have praised the UAE’s Securities and Commodities Authority (SCA) announcement that requires listed companies to disclose their ties and exposure to The Abraaj Group, which has been embroiled in a host of lawsuits over money misuse allegations and which recently filed for liquidation. UAE companies uncovering their exposure to Abraaj will restore investor confidence […]

  • Danah Al Safat’s board proposes capital cut

    Danah Al Safat’s board proposes capital cut

    The board members of Danah Al Safat Foodstuff have passed their recommendation of reducing the capital to offset the accumulated losses to the Capital Markets Authority (CMA). Danah Al Safat’s board proposed shrinking the capital to trim its KWD 4.69 million accumulated losses, according to a bourse statement on Tuesday. Offsetting the losses will be […]

  • UAE banks record positive results despite challenges – Analysis

    UAE banks record positive results despite challenges – Analysis

    Ten UAE banks recently disclosed their results for the fourth quarter of 2017 and the full year 2017, posting an overall positive performance despite the challenges seen during the year. These 10 banks recorded a combined net profit of AED 8.26 billion ($2.25 billion) in Q4-17, registering an increase of 12% or AED 858.91 million […]