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Top related persons:
Dr Sulaiman Al - 1 Daniel Takieddine - 1 Brent - 1 Md Manzer Hussain - 1 Eileen Soreng - 1
Top related locs:
Dubai Qatar Saudi Abu Dhabi China Beijing Alpha Dhabi Burjeel
Top related orgs:
Emaar - 1 Emirates Central Cooling Systems - 1 Emirates - 1 Qatar National Bank - 1 Ezdan - 1 Habib Medical Services - 1 Company - 1 Cooperative Insurance - 1

Search resuls for: "Emirates Central Cooling Systems"


6 mentions found


☆ Gulf bourses end mixed on China growth concerns
  + stars: | 2023-06-20 | by ( Md Manzer Hussain | ) www.reuters.com   time to read: +2 min
China on Tuesday cut two benchmark lending rates by 10 basis points each. Dubai's benchmark index (.DFMGI) extended losses to a second straight session, ending 0.3% lower. Saudi Arabia's benchmark index (.TASI) inched up 0.1%, with Dr Sulaiman Al-Habib Medical Services (4013.SE) rising 0.7% and Company for Cooperative Insurance (8010.SE) climbing 2.3%. "Oil prices remained volatile as Chinese economic recovery continues to fuel concerns among traders, affecting oil demand expectations," said Daniel Takieddine, CEO MENA at BDSwiss. Outside the Gulf, Egypt's blue-chip index (.EGX30) fell 0.4%, extending previous session losses with financial and materials sectors trading in the red.
Persons: Dr Sulaiman Al, Daniel Takieddine, Brent, Md Manzer Hussain, Eileen Soreng Organizations: Emaar, Emirates Central Cooling Systems, Emirates, Qatar National Bank, Ezdan, Habib Medical Services, Company, Cooperative Insurance, Jamjoom Pharmaceuticals, Alpha, Commercial International Bank, Ezz, Thomson Locations: Dubai, Qatar, Saudi, Abu Dhabi, China, Beijing, Alpha Dhabi, Burjeel
☆ Most Gulf markets drop as oil prices fall
  + stars: | 2023-02-13 | by ( Md Manzer Hussain | ) www.reuters.com   time to read: +2 min
Feb 13 (Reuters) - Most Gulf stock markets fell in early trade on Monday, in tandem with weaker oil prices and Asian peers as investors were cautious ahead release of crucial U.S. inflation data. Oil, which fuels the region's growth, declined around 1% with Brent crude was down $85.66 a barrel by 0743 GMT. In Abu Dhabi, the benchmark stock index (.FTFADGI) dropped 1.1%, dragged down by a 2.9% loss in Alpha Dhabi (ALPHADHABI.AD) and 1.9% fall in Al Dar Properties, while the largest lender by assets, First Abu Dhabi Bank slid 2.1%. The Qatari Stock index (.QSI) fell 0.2%, weighed down by losses in industry and energy sectors with Industries Qatar losing 2.9% and Qatar Fuel shedding 1.5%. Saudi Arabia's benchmark stock index (.TASI) opened on positive note trading 0.6% higher.
☆ Gulf shares start new year in upbeat mood, Egypt outperforms
  + stars: | 2023-01-02 | by ( Shamsuddin Mohd | ) www.reuters.com   time to read: +3 min
Jan 2 (Reuters) - Most major Gulf equities got off to a good 2023 start on Monday, with Egypt outperforming regional peers, as investors shrugged off concerns about a potential recession, crude oil demand and the U.S. Fed hiking rates further. Crude prices, which are highly correlated with Gulf financial markets, swung wildly in 2022 and are expected to remain under pressure in 2023. Abu Dhabi's index (.FTFADGI) advanced 0.4% on Monday, bolstered by a 0.6% increase in the country's largest lender First Abu Dhabi Bank (FAB.AD). The Qatari index last year posted its first annual loss since 2017, dropping 8.1% in 2022. Outside the Gulf, Egypt's blue-chip index (.EGX30) closed 2.5% higher, with Commercial International Bank Egypt (COMI.CA) climbing 3.1% while Abu Qir Fertilizers And Chemical Industries (ABUK.CA) was up 5.2%.
☆ Gulf equities ring in new year on mixed note as oil, recession worries weigh
  + stars: | 2023-01-02 | by ( ) www.reuters.com   time to read: +2 min
Jan 2 (Reuters) - Major Gulf stock markets were mixed on Monday, coming off gains in 2022 for most, as investors braced for the new year with worries about a potential recession, crude demand and the U.S. Fed hiking rates further. A Reuters poll showed on Friday that of 30 economists and analysts forecast Brent crude would average $89.37 a barrel in 2023, about 4.6% lower than the $93.65 consensus in a November survey. Abu Dhabi's index (.FTFADGI) added 0.3%, bolstered by a 1.6% increase in AD Ports Group (ADPORTS.AD) and a 2.4% hike in Multiply Group (MULTIPLY.AD). The benchmark was 2022's best performer among the other peers in Gulf Cooperation Council countries finishing the year with a more than 20% gain, after hitting an all-time high in early November in 2022. In Qatar, the benchmark (.QSI) was also up 0.3%, supported by its financial stocks but Saudi Arabia's benchmark index (.TASI) retreated 0.2% with Saudi National Bank (1180.SE) falling 0.8% and oil behemoth and index heavyweight Saudi Aramco (2222.SE) easing 0.5%.
☆ Dubai to offer 10% of Empower in fourth state-linked IPO this year -Gulf News
  + stars: | 2022-10-24 | by ( ) www.reuters.com   time to read: +1 min
DUBAI, Oct 24 (Reuters) - Dubai plans to offer 10% of Emirates Central Cooling Systems Corporation (Empower) in an initial public offering, according to an advertisement in Dubai-based daily Gulf News on Monday. Empower is the fourth state-linked entity to seek a listing this year in Dubai in a programme aimed at attracting investor interest in the domestic stock exchange. Dubai Electricity & Water Authority (DEWA) <DEWAA.DU> and Emirates Power Investment will offer the 10% stake, which is equivalent to 1 billion shares. Subscriptions begin on Oct. 31 and close on Nov. 7, according to the advertisement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Hadeel Al Sayegh; Editing by Kim Coghill and Tom HogueOur Standards: The Thomson Reuters Trust Principles.
☆ Most Gulf markets retreat on falling oil prices
  + stars: | 2022-10-24 | by ( Ateeq Shariff | ) www.reuters.com   time to read: +3 min
Oct 24 (Reuters) - Most stock markets in the Gulf fell on Monday with lower oil prices, although the Saudi index erased early losses to close higher. Crude prices, a key catalyst for Gulf markets, slid after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption. In Abu Dhabi, the index (<.FTFADGI>) dropped 0.5% with the country's biggest lender First Abu Dhabi Bank (<FAB.AD>) down 0.6%. The Dubai stock market is seeing some volatility while global sentiment remains uncertain, said Wael Makarem, senior market strategist at Exness. Outside the Gulf, Egypt's blue-chip index (<.EGX30>) gained 0.6%, led by a 2.5% rise in Commercial International Bank Egypt (<COMI.CA>).
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