(WAM)-


The UAE Fuel Price Committee has approved petrol and diesel prices for August 2026, announcing limited adjustments in line with changes in global markets.

The approved prices are as follows:

Diesel: AED3.80 per litre.

Super “98”: AED3.60 per litre.

Special “95”: AED3.49 per litre.

E-Plus “91”: AED3.41 per litre.

(WAM)-


UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan visited Slovakia on 29th July and held talks in Bratislava with the Prime Minister of the Slovak Republic, Robert Fico.

The purpose of the working visit was to continue the dialogue at the highest political level building on the Slovak Prime Minister’s official visit to the United Arab Emirates in October 2025, and to review progress in mutual areas of cooperation.

The two leaders reflected on the continued progress in bilateral relations, further strengthened through the implementation of agreements on economic cooperation and investment, and the convening of the second meeting of the Joint Economic Committee in June 2026 in Bratislava.

The partners welcomed the intensification of mutual contacts and reaffirmed their interest in advancing mutual priorities for both countries.

During the meeting, they focused on a range of promising projects in the fields of transportation, investment and agriculture with high economic potential.

The meeting included a discussion on the current developments in the Middle East, specifically in the Strait of Hormuz, and their implications for countries in the region and in Europe.

The Slovak Prime Minister of Slovakia reiterated its support for a peaceful resolution of the conflict, and underlined the importance of the full implementation of UN Security Council Resolution 2817 (2026).

The Slovak side further reaffirmed the need to restore freedom of navigation and maritime security in the Strait of Hormuz, and to fully implement the Memorandum from July of this year.

At the same time, Slovakia recognised the significant role of the United Arab Emirates as a primary actor for advancing regional and international stability.

(WAM)-


Commercial Bank International PJSC (CBI) has reported a pre-tax net profit of AED156 million for the first half of 2026, up 68 percent year-on-year, driven by balance sheet expansion and the resolution of legacy issues.

The bank posted a pre-tax net profit of AED104 million in the second quarter, supported by recoveries linked to the resolution of legacy issues.

Net interest income rose 8 percent year-on-year to AED207 million, while second-quarter net interest income increased 9 percent to AED103 million from AED95 million in the same period last year, driven by strong customer asset growth.

CBI recorded a net impairment recovery of AED69 million, reflecting progress in resolving legacy issues and improving asset quality.

Total assets increased 12 percent year-on-year to AED23 billion, supported by robust loan growth and expansion of the bank's strategic investment portfolio. Customer deposits rose 7 percent to AED16.4 billion, reinforcing liquidity and the funding base.

The bank's capital adequacy ratio stood at 16.5 percent, remaining well above regulatory requirements.

Ali Sultan Rakkad Al Amri, CEO of Commercial Bank International, said, "Our results for the first half of 2026 reflect the continued momentum of our transformation journey, with strong growth in profitability underpinned by disciplined execution, balance sheet optimisation and meaningful progress in resolving legacy issues. The strength of these results reinforces the resilience of the operating model we have been building."

He added, "Our performance continues to be grounded in solid fundamentals, and we remain focused on delivering a differentiated, customer-centric experience across our products, services and channels while strengthening long-term customer relationships."

Looking ahead, Al Amri said the bank remains focused on strengthening its operational capabilities and financial position, supporting customers' ambitions and delivering sustainable growth and long-term value for clients and shareholders.

(WAM)-


Dubai Financial Market (DFM) today announced its consolidated financial results for the six-month period ending 30th June 2026, reporting a net profit before tax of AED443.2 million.

Activity on DFM increased significantly during the first half of 2026, as investors traded more frequently and at greater value.

Average daily traded value rose by 45.1% to AED1.004 billion and average daily trades increased by 35.4% to approximately 18,759, driving total traded value up by 40.4% to AED119.5 billion.

This increase in liquidity and trading intensity was recorded even as market capitalization ended the period 1.4% lower year-on-year at AED981.6 billion.

The DFM General Index closed the first half at 5,955.58 points.

Commenting on DFM’s performance, Helal Saeed Al Marri, Chairman of DFM, said, “The increase in trading activity during the first half of 2026, with total traded value rising by 40% and average daily traded value exceeding AED1 billion, reflects sustained investor engagement and the growing depth of Dubai’s capital markets.

“The sustained engagement and participation recorded on the exchange are supported by Dubai’s economic fundamentals, its expanding financial ecosystem and continued international investor interest. DFM will continue to advance transparent, liquid and globally connected capital markets, reinforcing Dubai’s position as a leading international financial centre in line with the Dubai Economic Agenda D33.”

DFM’s total consolidated revenue reached AED557 million during the first half of 2026, compared to AED888.9 million in H1 2025 as a result of one-off income from sale of an investment property in H1 2025 of AED462.2 million.

Revenue included AED384.8 million in operating income and AED172.2 million in investment returns and other income. Net profit before tax stood at AED443.2 million, compared with AED777.1 million in H1 2025.

Expenses excluding tax were AED113.8 million, compared with AED111.8 million in H1 2025, reflecting continued investment in market infrastructure and technology, while maintaining management’s commitment to spending efficiency.

During the second quarter of 2026, total consolidated revenue reached AED303.9 million, compared with AED702.5 million in Q2 2025. Net profit before tax stood at AED249.9 million, compared with AED642.2 million in Q2 2025.

Hamed Ali, CEO of DFM and Nasdaq Dubai, said, “The first-half performance reflects the continued depth of activity across DFM's market, supported by sustained liquidity and a diverse investor mix. The participation of institutional and international investors demonstrates continued confidence in the quality of opportunities available and the efficiency of our market infrastructure.

“We remain focused on broadening investment opportunities, strengthening our market infrastructure and delivering innovative services that reinforce Dubai’s position as a leading global financial centre.”

DFM recorded increased trading activity during H1 2026, with average daily traded value rising by 45.1% year-on-year to AED1.004 billion. This led to total traded value of AED119.5 billion, up 40.4% from AED85.1 billion in H1 2025. The H1 2026 average daily traded value was approximately 45% above the AED692 million recorded in 2025, when DFM reported its highest level of liquidity in more than a decade.

The total number of trades increased by 31% to 2.23 million, while average daily trades rose by 35.4% to approximately 18,759, reflecting broader and more frequent participation across the market.

The increase in traded value and transaction volumes was recorded across 119 trading days, compared with 123 days in H1 2025, further highlighting the higher level of daily market activity.

Market capitalization stood at AED981.6 billion at the end of June 2026, compared with AED995.6 billion at the end of H1 2025.

DFM attracted 42,864 new investors during the first six months of 2026, with international investors representing 71.4% of new registrations.

Institutional investors accounted for 71.2% of total traded value, compared with 70.8% in H1 2025. Foreign investors contributed 51% of trading activity, maintaining their significant role within DFM’s investor base.

Foreign ownership stood at 20.06% of market capitalization, compared with 20.04% in H1 2025, while institutional ownership reached 86.5%.

The continued participation of institutional and international investors reflects DFM’s appeal as an accessible and globally connected market providing exposure to Dubai’s economic growth.

Looking ahead, DFM remains focused on increasing liquidity, widening market access and strengthening the infrastructure and product range supporting the continued development of Dubai’s capital markets.

(WAM)-


Gold was headed for its first monthly gain in five on Friday, despite edging lower in spot trading.

Spot gold inched 0.2 percent lower at $4,096.29 per ounce, as of 01:07 GMT, but was headed for a weekly ‌rise of ⁠1.1 percent.

US ⁠gold futures for August delivery gained 0.1 percent to $4,094.10.

Spot silver held steady at $58.98 per ounce, platinum slid 1.3 percent to $1,638.97, and palladium fell 0.2 percent to $1,301.94.

(WAM)-


Oil prices settled more than US$1 higher on Friday, recording their biggest monthly gain since March, supported by developments in the Middle East.

Brent crude futures rose US$1.09, or 1.2 percent, to settle at US$90.12 a barrel, while US West Texas Intermediate (WTI) crude futures gained US$1.08, or 1.3 percent, to close at US$84.67 a barrel.

For the month of July, Brent crude advanced 24 percent, while WTI posted a 21 percent gain.

(WAM)-


ADNOC has established a new well delivery performance standard, routinely drilling well sections exceeding one mile in length within a single day in some of the UAE’s most complex carbonate rocks, including 6,428 feet drilled in 24 hours.

The achievement reflects ADNOC’s commitment to operational excellence and its ability to combine the expertise of its people, deep operational experience, cross-functional collaboration and advanced technologies to accelerate well delivery and bring energy online faster for the UAE and the world.

At the centre of this transformation is ADNOC's Real-Time Intelligence Centre (RTIC), where engineers, operational specialists and subsurface experts work together around the clock. Using live data, advanced analytics and frontline experience, teams can optimise performance, support faster decision-making and apply lessons learned from one well to the next.

Across ADNOC’s operations, every well generates thousands of data points and valuable operational insights. By combining these insights with the expertise of its people and advanced digital capabilities, ADNOC is continuously improving performance, accelerating learning and unlocking greater operational efficiencies, while maintaining the highest standards of safety and environmental performance.

Dr. Ahmed Mohamed Alebri, CEO of ADNOC Onshore, said, “Technology, data and collaboration are helping us continuously improve performance across our operations. By combining ADNOC Onshore’s deep understanding of our reservoirs with ADNOC Drilling’s world-class capabilities, we are unlocking greater value from every well, accelerating the delivery of production capacity and bringing energy to market more efficiently in support of ADNOC’s growth ambitions

Abdulla Ateya Al Messabi, CEO of ADNOC Drilling, added, “Every well teaches the next. Every operation generates new insights that help improve the one that follows. By combining AI, real-time intelligence and decades of operational experience, we are creating a continuous improvement engine that is transforming performance across our business. The result is safer operations, smarter execution, faster well delivery and more value from every well as we help power the UAE’s energy future.”

The achievement reflects ADNOC’s approach to operational excellence: capturing insights from every operation, sharing knowledge across teams and applying lessons learned at scale. Supported by advanced technologies and AI-enabled tools, ADNOC’s engineers and specialists are making faster decisions, optimising performance and continuously raising the benchmark for execution.

As ADNOC continues to integrate AI, advanced analytics and digital technologies across its operations, it is strengthening its ability to meet growing global energy demand while supporting the UAE’s long-term economic growth, energy security and industrial ambitions

(WAM)-


Emirates NBD Egypt S.A.E., a 100% owned subsidiary of Emirates NBD Bank (P.J.S.C.), today announced that it has entered into definitive agreements to acquire the retail banking business of HSBC Bank Egypt S.A.E., an indirect subsidiary of HSBC Holdings PLC.

The transaction remains subject to regulatory approvals and closing conditions.

As part of the transaction, Emirates NBD Egypt will acquire HSBC Egypt’s retail banking portfolio along with the associated branch and ATM network, customer base and relevant employee base.

The transaction is expected to enhance Emirates NBD Egypt's market positioning as a leading retail and premium banking franchise in Egypt, while deepening the connectivity for the Group across the UAE-Egypt corridor.

Egypt is a strategically important market for Emirates NBD and a key pillar for driving Group’s regional growth ambitions and further expanding its presence in one of its core markets.

Commenting on the announcement, Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD and Chairman of Emirates NBD Egypt, said, “Our investment reflects our continued confidence in Egypt’s dynamic market and its long-term growth prospects. We look forward to further expanding our footprint in the country and contributing to Egypt’s continued economic growth and development.”

Shayne Nelson, Group CEO of Emirates NBD and Vice Chairman of Emirates NBD Egypt, said, “The acquisition of HSBC Egypt’s retail banking business marks an important milestone in the execution of our regional growth strategy. The transaction strengthens our presence in one of the Group's core markets and supports our ambition to continue growing our customer franchise in Egypt.”

Amr ElShafei, CEO and Managing Director of Emirates NBD Egypt, said, “This acquisition marks an important step for Emirates NBD Egypt’s growth and further enhances our ability to serve customers across the country. We look forward to welcoming HSBC’s customers to Emirates NBD Egypt, offering seamless financial solutions, comprehensive digital banking services and a customer focused banking experience backed by the strength of the wider Emirates NBD Group.”

(BNA)-


Bahrain All Share Index has closed at 1,957.99 points, marking an increase of 1.66 points above the previous closing.



This increase was due to a rise in the communications services sector and the financials sector.



Bahrain Islamic Index has closed at 915.61 points, marking an increase of 9.13 points above the previous closing.



Results indicated that 85 equity transactions took place with a volume of 1,847,823 worth BD 481,065.



Investors traded mainly in the financials sector, representing 74.76% of the total value of securities traded.

(QNA)-


The Qatar Stock Exchange (QSE) index closed Sunday's trading session higher by 130.05 points, or 1.31 percent, reaching 10,050.74 points.

A total of 134,516,656 shares were traded during the session, with a total value of QAR 302,453,651.645 through 23,620 transactions across all sectors.

The shares of 39 companies advanced, while those of 11 other companies declined, with the shares of three companies remaining unchanged.

Market capitalization at the close of trading stood at QAR 604,209,370,864.714 compared to QAR 594,182,157,083.606 in the previous session.

SPA-

The Egyptian Exchange closed higher today, with the market capitalization of listed companies gaining approximately EGP 85 billion to reach EGP 4.021 trillion. Total trading volume reached approximately EGP 40.290 billion, while individual stock market transactions amounted to approximately EGP 9.8 billion.

The benchmark EGX 30 index rose by 1.58% to reach 54,285.86 points. The EGX 70 index for small and medium-sized enterprises climbed by 4.39% to reach 19,034.28 points, and the broader EGX 100 index advanced by 3.83% to reach 24,956.02 points.

The Saudi Stock Exchange's main index closed today up 116.15 points, reaching 10,705.87 points, with trading valued at SAR 3.7 billion.

According to the Saudi Press Agency's daily economic bulletin for the Saudi Stock Exchange, 176 million shares were traded. Shares of 200 companies rose in value, while shares of 59 companies declined.

The top gainers were Lazurde, Raya, Retal, Bupa Arabia, and Al-Taawuniyah, while the biggest losers were Kemanol, Elm, Takween, Caterion, and SABIC Agri-Nutrients. The percentage changes ranged between 9.97% and 9.97%. Americana, Al-Anadi Sports, Saudi Aramco, Petro Rabigh, and Al Rajhi were the most actively traded stocks by volume, while Al Rajhi, Elm, Saudi Aramco, Alinma, and Ma'aden were the most actively traded by value. The Saudi parallel stock index (Nomu) closed today up by (60.03) points, reaching a level of (21895.01) points, with trading valued at (8) million riyals, and the volume of traded shares exceeded (1.6) million shares.

Al MAl-

The Central Bank of Egypt will issue EGP 5 billion in fixed-rate sukuk (Islamic bonds) on Monday, with a three-year maturity and semi-annual interest payments.

According to the bank's official website, these sukuk will mature on July 14, 2029.

Fixed-Rate Sukuk
Sukuk are a type of financial instrument issued to raise funds. They are similar to treasury bills and bonds but comply with Islamic Sharia principles.

Throughout the fiscal year, the Ministry of Finance authorizes the Central Bank to manage its issuances of treasury bills and bonds in Egyptian pounds. The proceeds are to be used to finance and spend the items in the state's general budget for the current fiscal year.

Interest Rates
The Monetary Policy Committee of the Central Bank of Egypt decided at its meeting on Thursday, July 9, 2026, to maintain the key interest rates unchanged. Accordingly, it was decided to fix the overnight deposit and lending rates and the Central Bank’s main operation rate at 19.00%, 20.00% and 19.50%, respectively, and the credit and discount rate was also kept at 19.50%.

Al MAl-

In its latest auction, the Central Bank sold treasury bills worth EGP 48.42 billion with maturities of 182 and 364 days.

Treasury bills are defined as government debt instruments issued with maturities ranging from three months to one year; therefore, they are considered short-term securities.

Central Bank Auction

Institutions submitted 1,186 bids for 182-day bills totaling EGP 88.73 billion, requesting an interest rate of 26.32%, and 610 bids for 364-day bills totaling EGP 97.26 billion, requesting an interest rate of approximately 26.47%.

On the other hand, the Ministry of Finance accepted approximately 1,031 bids for 182-day bills totaling EGP 19.62 billion, with a weighted average yield of 25.91%, and 561 bids for 364-day bills totaling EGP 28.80 billion, with an interest rate of approximately 25.071%.

Interest Rates
The Monetary Policy Committee of the Central Bank of Egypt decided at its meeting on Thursday, July 9, 2026, to maintain key interest rates unchanged. Accordingly, the overnight deposit and lending rates and the Central Bank's main operation rate were kept at 19.00%, 20.00%, and 19.50%, respectively. The discount rate was also maintained at 19.50%.

Al MAl-

The Central Agency for Public Mobilization and Statistics (CAPMAS), in its annual bulletin of financial statistics and indicators for economic authorities for the fiscal year 2024/2025, revealed a 46.6% increase in the value of current operating revenues for economic authorities, reaching EGP 2.564 trillion, compared to EGP 1.749 trillion during the fiscal year 2023/2024. This increase was driven by growth in the mining and quarrying sector.

CAPMAS also indicated that the paid-up capital of economic authorities rose by 20% to reach EGP 449.9 billion during 2024/2025, compared to approximately EGP 375.1 billion in the previous year. This growth was supported by an increase in capital in the transportation and storage sector to EGP 215.3 billion, compared to EGP 202.7 billion, representing a 6.3% increase. Additionally, the real estate and leasing sector saw a significant increase in capital to EGP 11.8 billion, compared to EGP 7.8 billion, achieving a growth rate of 51.4%.

The report added that the value of projects under implementation jumped by 61.1% to reach EGP 1.429 trillion during the 2024/2025 fiscal year, compared to EGP 887 billion in the previous year. This increase was driven by a rise in investments in the transport and storage sector to EGP 681.5 billion, compared to EGP 494.5 billion, representing a growth rate of 37.8%.

Regarding revenues, the data showed an increase in current operating revenues to EGP 2.564 trillion, compared to EGP 1.749 trillion in the previous year, an increase of 46.6%. This was supported by a rise in revenues from the mining and quarrying sector to EGP 1.420 trillion, compared to EGP 998.9 billion, representing a growth rate of 42.2%.

The distributable surplus also recorded growth of 11.4%, reaching EGP 349.9 billion during 2024/2025, compared to EGP 314.2 billion in the previous fiscal year. This was driven by a significant increase in the health and social work sector surplus, which rose to EGP 52.3 billion from EGP 40.1 billion, representing a 30.4% increase.

The report also indicated that the value of current assets increased by 18.2%, reaching EGP 10.247 trillion, compared to EGP 8.670 trillion in the previous year. This increase resulted from growth in all its components, including inventory, receivables, and financial investments.

In the same context, the value of subsidies increased by 3.6% to record 539.4 billion pounds during the fiscal year 2024/2025, compared to 520.5 billion pounds in the previous year, driven by an increase in support directed to wholesale and retail trade activity to 165.5 billion pounds compared to 149.8 billion pounds, with a growth rate of 10.5%, in addition to an increase in support provided to insurance and pension activity to 214.2 billion pounds compared to 202.1 billion pounds, with an increase rate of 6%.