Arab Today, arab today tamweel soars as kingdom passes mortgage law
Last Updated : GMT 19:43:56
Arab Today, arab today
Arab Today, arab today

Tamweel soars as Kingdom passes mortgage law

Arab Today, arab today

Arab Today, arab today Tamweel soars as Kingdom passes mortgage law

Abu Dhabi - Arabstoday

Tamweel Tamweel PJSC climbed to the highest level in almost two months amid investor speculation the Dubai-based mortgage provider may expand into Saudi Arabia after the kingdom passed a mortgage law. The shares advanced 2.4 per cent to Dh1.26, the highest intraday level since May 8, at 11.42am in Dubai. The benchmark DFM General Index rose 0.1 per cent. ”Investors are seeing the mortgage law in Saudi Arabia as an opportunity for Tamweel to expand outside the UAE,” said Samer Darwiche, a Dubai-based analyst at Gulfmena Investments Ltd. Saudi Arabia’s government approved a mortgage law this week after more than a decade of debate. The kingdom will issue the executive regulation for the mortgage law within three months, the official Saudi Press Agency reported, citing Finance Minister Ebrahim Al Assaf. Agility Agility climbed to the highest level in a month after the Kuwaiti storage and logistics provider said it won contracts valued at $500 million (Dh1.83 billion) at the Gorgon natural-gas project in Western Australia. The shares gained 1.3 per cent to 390 fils (Dh51.02), the highest intraday level since June 5, at 9.10am in Kuwait. The benchmark index rose 0.2 per cent. The company won a $238 million two-year contract to provide logistics, stevedoring and other related services to support the marine loading facility in Henderson, Perth, the company said in a statement to the Dubai stock market on Wednesday. It was also granted a two-year extension valued at $262 million on an existing contract. Etisalat Emirates Telecommunications Corp, the UAE’s most valuable company by market value, said the Bombay High Court appointed Solomon & Co, an Indian law firm, to manage Etisalat DB Telecom Pvt Ltd. The law firm was appointed to manage “a proper and an orderly end to the business,” Etisalat said in a statement to the Abu Dhabi stock market on Wednesday. National Shipping Co Saudi Arabia’s National Shipping Co, also known as Bahri, said on Tuesday it was taking an Islamic loan of 450 million Saudi riyals (Dh440.5 million) from the Public Investment Fund to part finance two cargo ships being built in South Korea. The repayment of the loan will be made in equal quarterly instalments over ten years from delivery of vessels, Bahri said in a statement posted on the Saudi bourse website. The Hyundai Mipo dockyard is building the two vessels, which are among six general-cargo ships that Bahri, a transporter for the kingdom’s petrochemical industry, commissioned for construction in March 2011. The ships are expected to be delivered starting early 2013 onward, the statement said. Kuwait National Petroleum Co State refiner Kuwait National Petroleum Co, or KNPC, plans to add new sulphur export facilities and upgrade existing ones at Mina Al Ahmadi refinery at a total estimated cost of 220 million Kuwaiti dinars (Dh2.8 billion), Kuwait-based Al Rai daily reported on Wednesday, citing an executive. The project is expected to be completed by September 2016, Mohammad Al Mutairi, KNPC’s deputy managing director for Mina Ahmadi refinery, told the paper. The aim is to boost the export capacity of the sulphur export facilities to 1,500 tonnes an hour in order to keep pace with modern sulfur export terminals in the Gulf region, he added. Kuwait Stock Exchange The Kuwait Stock Exchange said on Tuesday that shares of 23 listed companies are currently suspended from trading for various reasons. The bourse said in a statement posted on its website that 13 companies are suspended for failure to submit their financial results on time. The other reasons include accumulated losses exceeding the regulatory threshold of 75 per cent of a company’s capital and failure to hold general shareholder meetings by the deadline, according to the statement. Some companies were suspended because they are in the process of increasing their capital, while others were suspended pending a major announcement.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tamweel soars as kingdom passes mortgage law Arab Today, arab today tamweel soars as kingdom passes mortgage law

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:03 2017 Thursday ,23 March

Spider Venom May Offer Hope to Stroke Victims

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday