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Egypt outperforms as most markets in the region gain | Reuters

Egypt outperforms as most markets in the region gain | Reuters Saudi Arabia’s stock market ended higher on Sunday, mirroring Friday’s jump in crude prices, while Egyptian shares outperformed the region as its COVID-19 vaccination programme was expanded.Oil prices gained about 3% in the previous session, hitting their highest in more than a year after a stronger than expected U.S. jobs report and a decision by oil producer group OPEC and its allies not to increase supply in April.Investors were ...
Tags: Travel, Saudi Arabia, Bank Of America, Opec, Qatar, Egypt, Dubai, Abu Dhabi, Reuters, Aramco, Emirates NBD, Rupert Neil Bumfrey, Commercial International Bank


Mideast Stocks: #Saudi leads gains as oil buoys markets | ZAWYA MENA Edition

The Saudi Arabian stock market rose in early Sunday trade after Friday's jump in oil prices.Oil prices gained about 3% in the previous session, hitting their highest in more than a year after a stronger than expected U.S. jobs report and a decision by oil producer group OPEC and its allies not to increase supply in April.Saudi's benchmark index was up 1.3%, aided by a 1% rise for Al Rajhi Bank and a 2.3% gain for Saudi Basic Industries (Sabic).Oil major Saudi Aramco advanced 1.9% after Bank of ...
Tags: Travel, Bank Of America, Opec, Dubai, Abu Dhabi, Aramco, Saudi Aramco, Emirates NBD, Mideast, Rupert Neil Bumfrey, Al Rajhi Bank, First Abu Dhabi Bank, Saudi Basic Industries SABIC Oil, Fitaihi Holding Group


Emirates NBD approves 40% cash dividend despite 52% dive in 2020 net profit | ZAWYA MENA Edition

Emirates NBD approves 40% cash dividend despite 52% dive in 2020 net profit | ZAWYA MENA Edition Dubai’s biggest bank Emirates NBD is set to distribute 40 percent cash dividend to shareholders even after its net profit slumped by more than half in 2020.In its general assembly, the bank approved the payout at 40 fils per share, aggregating to an amount of 2.5 billion dirhams ($680 million).Full-year net profit plunged 52 percent to 7 billion dirhams in 2020, compared with 14.5 billion dirhams in ...
Tags: Travel, Emirates NBD, NBD, Rupert Neil Bumfrey, Network International, MENA Edition Dubai, Ahmed Bin Saeed Al Maktoum Emirates


Mideast Stocks: Most Gulf markets track oil, Asian shares higher | ZAWYA MENA Edition

Most stock markets in the Gulf region rose in early trade on Tuesday, tracking gains in oil prices and Asian shares, with Dubai benchmark index on track to snap five sessions of losses.Oil prices, a key catalyst for the Gulf region's financial markets, jumped more than $1 on a tight global supply outlook and an approaching meeting of top crude producers is expected to keep output largely in check.Saudi Arabia's benchmark index rose 0.8%, with Al Rajhi Bank increasing 1.5%, while petrochemical fi...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Emirates NBD, Emaar Properties, Etisalat, Qatar National Bank, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, Masraf Al Rayan, First Abu Dhabi Bank, MENA Edition, Emirates Telecommunications Group Etisalat


Most Gulf markets fall as virus resurgence weighs | Reuters

Most Gulf markets fall as virus resurgence weighs | Reuters Most major Gulf stock markets fell in early trade on Monday, with the Dubai index leading the losses, as a second wave of coronavirus infections jolted the tourism boom and dented investor appetite.Dubai, one of the few destinations open to international travellers since July, has yet to impose tough restrictions despite record daily infections in the UAE. Investors are hopeful that the rollout of COVID-19 vaccines will cushion the impa...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Saudi Aramco, Emirates NBD, Aramex, Qatar Islamic Bank, Etihad Etisalat, Rupert Neil Bumfrey, National Commercial Bank, First Abu Dhabi Bank


Mideast Stocks: Major Gulf markets rise in early trade | ZAWYA MENA Edition

Mideast Stocks: Major Gulf markets rise in early trade | ZAWYA MENA Edition Major stock markets in the Gulf rose early on Sunday, lifted by gains in their banking shares, with the Saudi index leading the way.The kingdom's food and drug administration has approved the COVID-19 vaccine made by AstraZeneca, Reuters reported on Thursday, citing state TV.The benchmark index in Saudi Arabia traded 0.5% higher, on course to end two sessions of losses.Al Rajhi Bank rose 0.6%, while Banque Saudi Fransi j...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Abu Dhabi, Emirates NBD, Qatar National Bank, Rupert Neil Bumfrey, Banque Saudi Fransi, Al Rajhi Bank, First Abu Dhabi Bank, Major Gulf, AstraZeneca Reuters


Most Gulf markets fall; #AbuDhabi gains | Reuters

Most Gulf markets fall; Abu Dhabi gains | Reuters Most Gulf markets ended in the red on Thursday, with the Saudi index pressured by losses in its banking shares.Saudi Arabia’s benchmark index ended the session down 0.7%, but was still up 0.9% on the week.Al Rajhi Bank dropped 0.7%, while the kingdom’s largest lender National Commercial Bank retreated 1.9%.Crude oil exports in Saudi Arabia, the world’s largest oil exporter, rose for a sixth straight month to an eight-month peak in December 2020, ...
Tags: Travel, Saudi Arabia, Wam, United Arab Emirates, Dubai, Abu Dhabi, Boeing, Gulf, Reuters, Emirates NBD, Qatar National Bank, Oct, Qatar Islamic Bank, Rupert Neil Bumfrey, Aldar Properties, National Commercial Bank


Oil lifts #Saudi shares; other Gulf indexes fall | Reuters

Oil lifts Saudi shares; other Gulf indexes fall | Reuters Saudi Arabian shares surged on Monday as crude prices rose to their highest in just over a year, while the markets in the United Arab Emirates finished lower after a spike in coronavirus cases in recent weeks soured sentiment.Oil prices, the most crucial catalyst for the Saudi financial market, were boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures that could boost demand. [O/R]The oil market...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Emirates NBD, Organization of the Petroleum Exporting Countries, Saudi Basic Industries Corp, Emaar Properties, Qatar National Bank, Rupert Neil Bumfrey, Aldar Properties


Saudi Arabian Shares Lead Gulf Gains on Oil, Earnings: Inside EM - Bloomberg

Saudi Arabia’s main equities index led advances in the Gulf on Sunday, catching up with gains in oil and emerging-market stocks last week.The Tadawul gauge also got a boost by earnings from Bank AlBilad and United International Transport that were higher than estimates. Saudi Arabian Mining Co. extended gains after the company said it plans to focus on deleveraging this year.Abu Dhabi’s main index ended higher after the exchange said it’ll reduce trading fees on all transactions. Stock gauges in...
Tags: Travel, Saudi Arabia, Opec, Bloomberg, Joe Biden, United Arab Emirates, Dubai, Oman, Abu Dhabi, Bahrain, Gulf, Tadawul, Emirates NBD, Saudi Arabian Mining Co, Rupert Neil Bumfrey, Kuwait Qatar


#Saudi shares lead broader Gulf losses, Egypt weakens | Reuters

Saudi shares lead broader Gulf losses, Egypt weakens | Reuters The markets in the United Arab Emirates (UAE) fell on Wednesday after solid gains in the previous two days, while Saudi Arabia extended losses to a fourth straight session as it imposed further restrictions to curb the spread of the coronavirus.Dubai, which firmed more than 1% each in the past two sessions, weakened 0.4%, dragged mainly by financial stocks.The Dubai Stock Exchange operator Dubai Financial Market slipped nearly 5%, wh...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Emirates NBD, United Arab Emirates UAE, Qatar National Bank, Dubai Financial Market, Rupert Neil Bumfrey, Industries Qatar, National Commercial Bank


MIDEAST STOCKS- #UAE markets strengthen, #SaudiArabia edges down | Nasdaq

MIDEAST STOCKS-UAE markets strengthen, Saudi Arabia edges down | Nasdaq Markets in the United Arab Emirates (UAE) finished higher on Wednesday, with Abu Dhabi index .ADI leading the advancements, buoyed by gains in the country's largest lender First Abu Dhabi Bank FAB.AD.The Abu Dhabi benchmark closed 1.4% higher, bouncing back from losses in the previous session.FAB was the best performer on the Abu Dhabi index, putting on 2.5%, while real estate firm Aldar Properties ALDAR.AD added 3.5%.The ba...
Tags: Travel, Saudi Arabia, Russia, Qatar, Egypt, Dubai, Abu Dhabi, Uae, Emirates NBD, United Arab Emirates UAE, Qatar National Bank, Tasi, Rupert Neil Bumfrey, Samba Financial Group, First Abu Dhabi Bank, Qatar International Islamic Bank


#Dubai's Emirates NBD full year profit plunges 52%; board recommends dividend | ZAWYA MENA Edition

Dubai's Emirates NBD full year profit plunges 52%; board recommends dividend | ZAWYA MENA Edition Dubai's biggest bank Emirates NBD reported a 52 percent plunge in full-year net profit due to a rise in provisions for bad loans and no repeat of the gain on disposal of Network International shares in 2019.Net profit for the year fell to 6.97 billion dirhams ($1.9 billion) from 14.5 billion dirhams in 2019 when Emirates NBD sold a stake in payments processor Network International. The board of Emi...
Tags: Travel, Dubai, Bank, Uae, Emirates NBD, Ahmed bin Saeed Al Maktoum, Rupert Neil Bumfrey, Network International, COVID, MENA Edition Dubai


MIDEAST STOCKS-Lender FAB buoys #AbuDhabi as major Gulf markets rise | Nasdaq

MIDEAST STOCKS-Lender FAB buoys Abu Dhabi as major Gulf markets rise | Nasdaq Major stock markets in the Gulf traded higher on Wednesday, with the Abu Dhabi index leading the gains, boosted by top lender First Abu Dhabi Bank.In Abu Dhabi, the index .ADI advanced 1.1%, buoyed by a 1.5% gain in First Abu Dhabi Bank (FAB) FAB.AD and a 3.5% jump in Aldar Properties ALDAR.AD.FAB, the United Arab Emirates' largest lender, posted a net profit of 10.6 billion dirhams ($2.89 billion) in the year ended De...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, International Monetary Fund, Abu Dhabi, Gulf, Emirates NBD, Commercial Bank, Tasi, Rupert Neil Bumfrey, Abudhabi, Al Rajhi Bank, First Abu Dhabi Bank, Dubai Islamic Bank DISB


MIDEAST STOCKS-Most Gulf stocks ease in early trade; #Saudi rises | Nasdaq

MIDEAST STOCKS-Most Gulf stocks ease in early trade; Saudi rises | Nasdaq Most major stock markets in the Gulf were subdued in early trade on Thursday, with Dubai on track to end three sessions of gains, although Saudi Arabia bucked the trend to move higher.The benchmark index .TASI in Saudi Arabia added 0.3%, with Saudi Telecom 7010.SE gaining 0.7% while Riyad Bank 1010.SE traded 0.9% up.Elsewhere, oil behemoth Saudi Aramco 2222.SE was up 0.3%.Saudi Arabia, the world's biggest oil exporter, bea...
Tags: Travel, Saudi Arabia, China, Russia, Qatar, Dubai, Abu Dhabi, Gulf, Emirates NBD, Riyad Bank, Tasi, Rupert Neil Bumfrey, Saudi Telecom, QSI, First Abu Dhabi Bank FAB, Qatar Fuel Co


MIDEAST STOCKS- #Dubai leads most Gulf markets higher; #Saudi eases | Nasdaq

Most stock markets in the Gulf ended higher on Wednesday, with Dubai leading gains boosted by its top lender Emirates NBD, while Saudi bucked the trend to close lower.Dubai's main share index .DFMGI advanced 1.4%, with Emirates NBD ENBD.DU jumping 4.4% and sharia-compliant lender Dubai Islamic Bank DISB.DU up 0.8%.Emirates NBD recorded a more 20% increase in the number and value of fund transfers via its DirectRemit platform in 2020 compared to the previous year.Property stocks also drove gains,...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Emirates NBD, Adi, Etisalat, Tasi, Saudi Telecom Company, Abu Dhabi Executive Council, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Abu Dhabi Government


#SaudiArabia’s Top Bank Follows #UAE Rivals to Dollar Bond Market - Bloomberg

Saudi Arabia’s Top Bank Follows UAE Rivals to Dollar Bond Market - Bloomberg Saudi Arabia’s National Commercial Bank hired advisers to tap the dollar bond market, joining rivals in the neighboring United Arab Emirates to take advantage of investors’ appetite for yield.The bank mandated Citigroup Inc., Emirates NBD PJSC, Goldman Sachs Group Inc., JPMorgan Chase & Co., Mitsubishi UFJ Financial Group, NCB Capital and Standard Chartered Plc as lead managers and bookrunners for the potential Islamic ...
Tags: Travel, Saudi Arabia, Bloomberg, United Arab Emirates, Dubai, Emirates NBD, Rupert Neil Bumfrey, National Commercial Bank, First Abu Dhabi Bank PJSC, Bloomberg Saudi Arabia, Top Bank Follows UAE


Mideast Stocks: Most major markets end higher on oil price gains | 路透

Mideast Stocks: Most major markets end higher on oil price gains | 路透 Most major Gulf stock markets finished higher on Wednesday as oil prices jumped after industry data showed a bigger-than-expected drop in U.S. crude inventories, before rising global COVID-19 infections capped the crude price gains.Brent crude rose to a session high of $57.42 a barrel, their highest since Feb. 24, before prices steadied. [O/R]In Dubai, the main index firmed 0.8% for its fifth straight session of gains, with th...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Emirates NBD, Mideast, Emaar Properties, Formosa, Rupert Neil Bumfrey, Dubai Islamic Bank, National Commercial Bank, First Abu Dhabi Bank FAB, Dr Sulaiman Al Habib Medical Services Group Co


Major markets log weekly gains; #Qatar leads day's gains | Reuters

Major Gulf shares ended the first trading week of the New Year on a high on Thursday and registered weekly gains as the regional markets benefited from a rise in oil prices.Crude hit its highest since late February after a fall in U.S. stockpiles added further support following Saudi Arabia’s unilateral decision to cut output. [O/R]The week also saw investors cheer the breakthrough in Qatar’s over three-year diplomatic rift with Saudi Arabia and other Gulf countries as Arab leaders gathered for ...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Doha, Arab, Gulf, Reuters, Emirates NBD, Doha Qatar, Emaar Properties, Qatar National Bank, Rupert Neil Bumfrey, Industries Qatar


Gulf markets ends lower as Georgia races take centrestage | Reuters

Gulf markets ends lower as Georgia races take centrestage | Reuters Gulf markets fell on Wednesday, tracking global peers, as investors brace for a possible Democrat win in the U.S. Senate run-off election in Georgia that could help President-elect Joe Biden push for greater corporate regulation and higher taxes.The prospects of a victory for Democrats in both races in Georgia, handing them control of the chamber, along with their narrow majority in the House of Representatives jointly could ush...
Tags: Travel, Saudi Arabia, Senate, Georgia, Opec, Qatar, Joe Biden, Standard Chartered, Dubai, Abu Dhabi, Gulf, Reuters, Saudi Aramco, U S Senate, Emirates NBD, Etisalat


#Dubai's Emirates NBD hires banks for bond deal - document | Reuters

Dubai's Emirates NBD hires banks for bond deal - document | Reuters Dubai’s largest bank, Emirates NBD, has mandated banks to arrange an investor call ahead of a planned issuance of U.S. dollar-denominated bonds, a document showed on Tuesday.The bank hired Emirates NBD Capital, ICBC, ING, Mizuho Securities and Standard Chartered for the potential benchmark deal, which would have a five-year maturity, according to the document.Benchmark bonds are generally meant to be at least $500 million in siz...
Tags: Travel, Standard Chartered, Dubai, Reuters, Emirates NBD, Rupert Neil Bumfrey, Reuters Dubai, Mizuho Securities, Emirates NBD Capital ICBC


#Dubai leads gains as markets rise on higher oil | Reuters

Major Gulf stock markets finished higher on Monday amid a surge in oil prices, with Dubai outperforming the region, led by property and banking stocks.Oil prices touched multi-month highs on expectations OPEC and allied producers will cap output at current levels in February and on hopes that vaccines will curb the spread of the coronavirus. [O/R]Most OPEC+ countries would like to postpone a planned increase in oil output from February, because fuel demand is weakening amid new global lockdowns,...
Tags: Travel, Europe, Saudi Arabia, Opec, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Emirates NBD, Emaar Properties, Ministry of Energy, Etisalat, Qatar National Bank, DAMAC Properties, Rupert Neil Bumfrey


Mideast Stocks: #UAE stocks gain, #Saudi slips on first trading day of 2021 | ZAWYA MENA Edition

Mideast Stocks: UAE stocks gain, Saudi slips on first trading day of 2021 | ZAWYA MENA Edition Stock markets in the United Arab Emirates (UAE) closed higher on Sunday, starting 2021 on a positive note on hopes that the rollout of a coronavirus vaccine will lift economic activity, while Saudi Arabian shares fell on uncertainty about the outlook for oil prices this year.The UAE on Saturday recorded a fourth straight record number of daily coronavirus cases, with 1,963 new infections. Dubai and Abu...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Chemical, Bahrain, Doha, Uae, Reuters, Saudi Aramco, Emirates NBD, Mideast, United Arab Emirates UAE, Gulf Cooperation Council GCC


#UAE stocks rise, #Dubai outperforms on first trading day of 2021 | Reuters

UAE stocks rise, Dubai outperforms on first trading day of 2021 | Reuters Stock markets in the United Arab Emirates rose in early trade on Sunday, starting 2021 on a positive note in line with the country’s economic forecast and eclipsing a recent record jump in COVID-19 cases.The International Monetary Fund expects the country’s economy to swing back to growth of 1.3% this year from a 6.6% contraction in 2020.The UAE recorded its fourth straight record number of daily coronavirus cases since th...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, International Monetary Fund, Abu Dhabi, Bahrain, Doha, Uae, Reuters, Emirates NBD, Reuters Stock, Gulf Cooperation Council GCC, Mathew, Emaar Properties


#Saudi, #Dubai lead broader regional gains on higher oil | Reuters

Saudi, Dubai lead broader regional gains on higher oil | Reuters Saudi and Dubai shares closed higher on Tuesday as most regional markets gained in line with global stocks, as hopes of fresh U.S. stimulus teed up a strong end to the year for riskier assets.Oil rose as the United States moved towards expanding pandemic aid payments, potentially spurring fuel demand and stimulating economic growth. [O/R]Prospects of the relief package, however, kept the dollar near a 2-1/2-year low as investors we...
Tags: Travel, Qatar, United States, United Arab Emirates, Dubai, Oman, Abu Dhabi, Bahrain, Sharia, Reuters, Emirates NBD, Saudi Basic Industries Corp, Emaar Properties, Bank Muscat, Etisalat, Qatar National Bank


#Dubai State Holding Firm Posts $3.1 Billion Loss as Virus Weighs - Bloomberg

Dubai State Holding Firm Posts $3.1 Billion Loss as Virus Weighs - Bloomberg Investment Corp. of Dubai, the main state-controlled holding firm of the emirate, reported a loss in the first half as the coronavirus pandemic weighed on earnings at its portfolio companies.The firm posted a loss of 11.4 billion dirhams ($3.1 billion) after a profit of 6.86 billion dirhams a year earlier, according to a statement.Investment Corp. of Dubai owns Emirates airline, which has seen bookings slump as demand f...
Tags: Travel, Bloomberg, Emirates, Dubai, Emirates NBD, Emaar Properties, Rupert Neil Bumfrey, Dubai Islamic Bank, Investment Corp of Dubai, Dubai State Holding Firm Posts, Bloomberg Investment Corp


Major markets finish stronger on higher oil prices | Reuters

Major markets finish stronger on higher oil prices | Reuters Major Gulf markets ended higher on Wednesday on higher oil prices as a weakening dollar and progress on the rollout of COVID-19 vaccines helped crude climb above $51 a barrel.The positive sentiment was also aided by U.S. congressional leaders expressing optimism about a stimulus deal.Brent crude futures rose 25 cents, or 0.5%, to $51.01 a barrel by 1017 GMT, but the gains were capped by a surprise gain in U.S. crude inventories and tig...
Tags: Travel, Europe, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Emirates NBD, Etisalat, Qatar National Bank, Qatar Islamic Bank, DAMAC Properties, Rupert Neil Bumfrey, Al Rajhi, First Abu Dhabi Bank


MIDEAST STOCKS-Major markets firm on higher oil prices; #Saudi leads gains | Nasdaq

Most Gulf stock markets strengthened on Wednesday, in tandem with global shares, as progress on the U.S. fiscal stimulus front and positive news about COVID-19 vaccines lifted investor sentiment.U.S. lawmakers continued to negotiate over additional stimulus to help offset the economic impact of the pandemic while pursuing a stopgap government-funding bill.MSCI's gauge of stocks across the globe .MIWD00000PUS rose 0.3% to a record high 635.65.Oil prices, a key catalyst for the Gulf markets, gaine...
Tags: Travel, Washington, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Emirates NBD, MSCI, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI, Dubai Islamic Bank DISB DU


#Saudi stocks lead gains; Egypt loses | Reuters

Saudi stocks lead gains; Egypt loses | Reuters Major Gulf markets eked out gains on Monday, riding on the positive sentiment around the progress in COVID-19 vaccine development and the OPEC+ deal on oil production cuts, with Saudi stocks breaking a losing streak of four sessions.Despite oil prices falling on surging coronavirus cases globally and amid heightened tensions between the United States and China, markets in the Gulf managed to close in positive territory, with some erasing losses in t...
Tags: Travel, Saudi Arabia, China, Opec, Qatar, United States, Egypt, Dubai, Abu Dhabi, Doha, Gulf, Reuters, Emirates NBD, Riyad Bank, Emaar Properties, United Arab Emirates Bahrain


MIDEAST STOCKS-Most log monthly gains on COVID-19 vaccine optimism | Nasdaq

MIDEAST STOCKS-Most log monthly gains on COVID-19 vaccine optimism | Nasdaq Saudi and Dubai shares ended higher on Monday, with most markets recording monthly gains thanks to optimism that the progress in COVID-19 vaccine development would help global economies recover at a quicker pace than initially anticipated.Financial markets worldwide have gained in most sessions after U.S. drugmakers Pfizer PFE.N and Moderna MRNA.O, and Britain's AstraZeneca AZN.L released positive trial data on their vac...
Tags: Travel, Saudi Arabia, Opec, Qatar, Britain, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Emirates NBD, Tasi, Rupert Neil Bumfrey, Pfizer PFE N, First Abu Dhabi Bank, DFMGI


#Dubai real estate fund ENBD REIT faces 'significant pressure'; asset value falls | ZAWYA MENA Edition

Dubai real estate fund ENBD REIT faces 'significant pressure'; asset value falls | ZAWYA MENA Edition Dubai’s ENBD REIT, a Shariah-compliant real estate investment trust, managed by the asset-management arm of Emirates NBD, has seen a further deterioration in the value of its portfolio due to the slowdown triggered by the coronavirus.Its net asset value (NAV) as of September 30, 2020 stood at $198 million, down by $32 million from the $230 million recorded in March 31. The fund’s property portfo...
Tags: Travel, Dubai, Uae, Emirates NBD, Rupert Neil Bumfrey, ENBD, MENA Edition Dubai, Oryx House



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