Tag: shares
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Jordan Petroleum Refinery shares rise with the support of the “Fourth Expansion” project
The Jordan Petroleum Refinery rose by more than 1% during trading today, Wednesday, June 21 (2023), supported by progress in the fourth expansion project, which will raise the refinery’s capacity to 120,000 barrels per day. The fourth expansion project – in addition to raising the refinery’s capacity – aims to improve air quality in Jordan,…
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Dana Gas shares decline after announcing the results of the first quarter of 2023
The UAE’s Dana Gas share declined during trading today, Wednesday, May 10 (2023), in the Abu Dhabi market, after its profits fell in the first quarter. The results of Dana Gas’s business in the first quarter of 2023 revealed a decline in net income by 8%, to reach 183 million dirhams ($50 million), compared to…
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The UAE’s ADNOC intends to offer 15% of the shares of the “Supply and Services” company
Abu Dhabi National Oil Company “ADNOC” continues to implement its strategy aimed at diversifying sources of income by issuing minority stakes in a number of its subsidiaries. The Emirati company announced its intention to offer a minority stake representing 15% of the shares of “ADNOC Logistics and Services”, the leading company in the field of…
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Do new deals support Saudi Aramco shares in the upcoming sessions?
Saudi Aramco’s stock recorded a marginal decline – the first in 7 consecutive sessions – during trading today, Monday, on the Saudi Stock Exchange. The decline came despite Aramco announcing huge deals to increase its investments in the refining and petrochemical sector in China, the world’s largest oil importer. During the past 24 hours, Saudi…
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Shares of major oil companies rise, led by Saudi Aramco
Shares of major oil companies received a significant boost during trading today, Tuesday, March 21, after a number of central banks revealed their intention to inject liquidity into the market to support the banking system. And the stocks of energy companies in the Asian, European and American markets reaped gains again, in conjunction with the…
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Emirates energy shares rise after achieving record business results in 2022
The Emirati energy stock rose during trading today, Tuesday, February 14, after announcing record business results during the past year (2023), with the support of the oil and gas sector and the increase in expansion of renewable energy projects. Abu Dhabi National Energy Company, one of the largest integrated utility companies listed in the financial…
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OQ Oman sells 20% of the shares of Abraaj Energy Services
OQ Oman announced the sale of 20% of the shares of Abraaj Energy Services Company, a subsidiary of the group, about a month before it was listed on the Muscat Stock Exchange. The giant Omani energy company signed the sale agreement with the Saudi Omani Investment Company, as part of efforts to attract foreign investments,…
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A company affiliated with the army is at the forefront.. Egypt is close to selling shares in fuel companies
Egypt has placed a number of fuel companies, including the “Wataniya” fuel company affiliated with the military, at the forefront of the companies whose stakes are to be sold in the coming months. In this context, the Sovereign Fund of Egypt included 5 companies in the Pre-IPO Fund, in preparation for selling stakes ranging between…
