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Gulf Navigation posts Dh79 million net profit in H1

The Dubai Financial Market-listed maritime and shipping company, said its operating revenue reached Dh62 million during the January-June 2021 ....

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Marquette Introduces 'New' H.E. Bowles To Fleet - The Waterways Journal

Marquette Introduces 'New' H.E. Bowles To Fleet - The Waterways Journal
waterwaysjournal.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from waterwaysjournal.net Daily Mail and Mail on Sunday newspapers.

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Investors hit pause ahead of a flood of new first quarter earnings

Abu Dhabi and Dubai stocks hit a pause in early trades on Monday after scaling highs in recent days, with investors awaiting a flood of earning announcements before markets close for Eid. And retail investors will be tempted to sell some of their positions to finance their Eid celebrations.
Abu Dhabi Securities Exchange dropped 0.3 per cent to 6,202 points, heading towards its second decline out of the last seven sessions, with the number of stocks sliding and climbing nearly equal in numbers. But the weakness in more heavyweight shares tipped the index balance down.
Merger plan
Arkan Building and Materials soared 14.5 per cent posting another stellar performance, having surged 15 per cent on Sunday after Senaat revealed a plan to merge Arkan with Emirates Steel. The potential deal helped reverse the stock s fortunes sending it to around 20 per cent up for the year. It marked a rebound from a plunge of the same magnitude as it came under selling pressure from a l ....

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Real estate and banking stocks light up DFM ahead of Eid break

Dubai stocks advanced for a fourth straight session riding on an earnings-driven rally while Abu Dhabi stocks headed marginally lower before the Eid holidays. Saudi Arabian shares moved up, ending three days of trading in red.
Dubai Financial Market clawed back intra-day losses as banking and real estate shares rebounded to help the index close higher by 0.4 per cent to 2,696 points. Monday s advance marked the gauge s sixth rise in the last seven sessions after upbeat first-quarter results set off the series of gains.
The biggest single boost came in from Emirates NBD, gaining above 1 per cent, while Union Properties and Gulf Navigation moved up ahead of earning announcements. ....

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MIDEAST STOCKS Banks buoy Saudi index; other major Gulf bourses dip

Middle EastMIDEAST STOCKS Banks buoy Saudi index; other major Gulf bourses dip
Ateeq Shariff
4 minutes read
An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014./File Photo
Saudi Arabia s stock market outperformed the region on Wednesday, boosted by gains in financial shares, while other major Gulf markets ended lower.
Saudi Arabia s Crown Prince Mohammed bin Salman said on Tuesday the kingdom had no plans to introduce income tax and a decision last July to triple value-added tax to 15% was temporary. read more
The country had tripled VAT to offset the impact of lower oil revenue on state finances in a move that had shocked citizens and businesses expecting more support from the government during the coronavirus pandemic. ....

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