(ONA)—


The official price of Oman crude oil for June delivery reached US$111.44 per barrel today.

This represents an increase of US$6.57 compared to yesterday's price of US$104.87 per barrel.

It is worth noting that the monthly average price for Oman crude oil for April delivery stood at US$68.15 per barrel, marking a rise of US$5.98 from the March delivery price.

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Muscat Stock Exchange "MSX 30" index closed at 8,369.48 points today, up by 101.3 points, or 1.23 percent, from the previous session's close of 8,268.13 points.

Trading value fell to RO 88,510,079, a decrease of 15.5 percent from RO 76,611,870 recorded in the last session, according to the MSX's report.

Market capitalisation dropped by 0.387 percent from the previous trading day to approximately RO 38.43 billion.

Non-Omani investors recorded purchases worth RO 14,001,000, accounting for 15.82 percent of total trading value, while sales reached RO 8,323,000, or 9.40 percent. Net non-Omani investment consequently edged up by RO 5,679,000, or 6.42 percent.

Trading Economics-


The Bank of Canada left its overnight target rate steady at 2.25% in its April 2026 meeting, aligned with market expectations and its earlier guidance, and refrained from giving a clear direction on future rates due to the uncertain geopolitical backdrop. Inflation surged in March due to the increase in energy prices caused by the outbreak of war in the Middle East. Still, the BoC noted that higher energy prices have so far refrained from feeding through more broad sectors of the economy. Additionally, inflation expectations were impacted on the upside but remain anchored, warranting the hold in interest rates. The central bank's updated forecasts see GDP growth at 1.2% this year and 1.7% the next year, reflecting a robustness to the energy shocks being absorbed by the excess supply in the economy.

Trading Economics-


The benchmark KOSPI fell 1.38% to close at 6,599 on Thursday, snapping its multi-session rally as rising geopolitical tensions in the Middle East and surging oil prices prompted profit-taking. Brent crude climbed toward $120 per barrel, Broader regional weakness and caution after the Federal Reserve held rates steady while warning of elevated uncertainty also pressured sentiment. Losses were led by Samsung Electronics (-1.55%), Hyundai Motor (-4.23%), LG Energy Solution (-3.17%), and Doosan Enerbility (-1.93%). Meanwhile, investor confidence was initially supported by Samsung Electronics’ record first-quarter earnings, driven by robust AI-related chip demand, alongside stronger-than-expected results from major US technology firms that reinforced optimism over the global AI boom. The KOSPI posted strong double-digit gains for the month of April.

Trading Economics-


The RatingDog China General Manufacturing PMI climbed to 52.2 in April 2026 from 50.8 in March, above the expected 51. The latest reading marked the fastest expansion in the sector since December 2020, with output growing at its fastest pace since June 2024. Output expansion was driven by accelerated growth in new orders, which recorded its second-highest growth rate in nearly five years. Employment remained flat, while the backlog of work continued to rise, though at a slightly slower pace than the previous month. Supplier delivery times continued to lengthen as raw material shortages, delivery disruptions, rising input prices, and Middle East tensions weighed on supply chains. Input price inflation accelerated to the highest level in slightly over four years, due to higher raw material and oil prices. As a result, output price inflation rose to its highest level in four and a half years. Finally, business sentiment strengthened amid rising market demand.

Trading Economics-


The Shanghai Composite edged up 0.11% to close at 4,112 on Thursday, remaining at its strongest level in over a month, while the Shenzhen Composite ticked down 0.09% to 15,108. Despite the subdued daily performance, April marked a robust month for Chinese stocks. The Shanghai Composite climbed 5.66%, while the Shenzhen Component surged 12.09%, supported by stronger-than-expected PMI data and significant gains in technology stocks. Official data showed manufacturing PMI beat market expectations at 50.3 in April 2026, while a private survey revealed that the manufacturing PMI climbed to its highest level since December 2020 at 52.2. China’s strategic petroleum reserves and renewable energy investments are helping cushion the economy from external shocks linked to Middle East tensions. Technology stocks also boosted sentiment, with NAURA Technology Group jumping 5.15% after strong Q1 revenue and profit. China’s stock markets will be closed from May 1 to May 5 for the Labour Day holiday.

Trading Economics-


Saudi Arabia’s economy expanded 2.8% year-on-year in the first quarter of 2026, slowing sharply from a 5% growth in the previous quarter, preliminary data showed. This marked the weakest pace of expansion since the second quarter of 2024,a key route for roughly 20% of global oil and LNG supply. Growth in non-oil activities (2.8% vs 4.3% in Q4) and oil activities (2.3% vs 10.8%) decelerated sharply. Meanwhile, government activities rose 1.5%, rebounding from a 1.2% decline in the prior period. On a quarterly basis, GDP fell 1.5%, the first decline since the third quarter of 2023, following a 1.4% increase in the previous quarter. The IMF noted that the country is expected to be less heavily affected by the conflict than other Gulf states, given its ability to reroute part of its exports through alternative channels, alongside the relative resilience of its non-oil industrial sector.

Trading Economics-


The NZX 50 rose 133 points, or 1.0%, to close at 12,903 on Thursday, reversing earlier losses in morning trade and extending gains from the previous session, with all sectors trading in the green, led by real estate. The broader index tracked gains in US futures following earnings reports from some major tech stocks. PMI data from China, New Zealand's top trading partner, also lifted sentiment, with a private survey showing factory activity on the mainland grew at its fastest pace since 2020, though official data indicated a slight easing while remaining stronger than expected. Traders also welcomed the RBNZ's efforts to enhance transparency in monetary policy decisions, beginning to publish individual votes cast by Monetary Policy Committee (MPC) members starting today. Among the top performers were Contact Energy (1.9%), Ebos Group (1.4%), F&C Investment (1.2%), ANZ Group (0.8%), and Fisher & Paykel Healthcare (0.8%). For the month, the index was flat.

Trading Economics-


The S&P/ASX 200 fell 21 points or 0.2% to close at 8,666 on Thursday, the final trading day of April, marking its eighth straight decline and holding at a three-week low. Caution prevailed as markets braced for a possible 25bps rate hike from the Reserve Bank of Australia next week, following moves in February and March, with rates seen rising to 4.60% by September, the level last reached in 2011, amid persistent cost pressures. Inflation accelerated to 4.6% in March from 3.7%, staying above the RBA's 2–3% target. In the U.S., a divided Fed held rates steady on Wednesday amid a looming leadership change. Woolworths slumped 7.8%, dragging consumer staples after warning fiscal 2026 food earnings would miss the upper range amid fuel costs. Miners shed 2.7% as base metals weakened, with BHP, Rio Tinto, and Fortescue down between 2.0% to 2.8%. Against the ongoing decline, local markets advanced 2.2% for the month, reversing a slump of nearly 8% in March, supported by strong bargain hunting.

Trading Economics-


The Nikkei 225 Index fell 1.06% to close at 59,285, while the broader Topix Index dropped 1.19% to 3,727 on Thursday, extending losses from the prior session as oil prices rallied , Japan’s heavy dependence on Middle Eastern oil imports added further pressure on the market. Meanwhile, the Federal Reserve left its policy rate unchanged as widely expected, although four policymakers dissented from the decision. On the domestic front, data showed Japan’s industrial output unexpectedly declined in March, while retail sales came in stronger than anticipated. Significant losses were recorded among key index heavyweights, including Advantest (-5%), Fujikura (-4.9%), Mitsubishi UFJ (-2%), Mitsubishi Heavy (-3.8%), and Hitachi (-3.3%).

Trading Economics-


Turkey’s trade deficit widened sharply to USD 11.2 billion in March 2026 from USD 7.2 billion in the same month last year. This marks the largest trade gap since April 2025, as imports advanced 8.2% year-on-year to USD 33.1 billion, driven by higher purchases of capital goods (+7.8%), intermediate goods (+11.2%), and other goods (+249.6%). China remained the top import source, accounting for 14.4%, followed by Russia (10.6%), Germany (7.7%), and Switzerland (4.9%). Meanwhile, exports declined 6.4% to USD 21.9 billion, as sales fell in agriculture, forestry, and fishing (-5.6%) and manufacturing (-6.8%). Germany remained the top export destination, holding an 8.3% share of total outbound shipments, followed by the UK (6.5%), US (6.3%), Italy (5.6%), and France (4.5%). In the first three months of the year, the trade deficit rose to USD 28.7 billion from USD 22.5 billion in the corresponding period last year, as exports fell 3.2% while imports increased 4.7%.

Trading Economics-


Tourism revenues in Turkey increased 4.2% year-on-year to USD 9.9 billion in the first quarter of 2026. Individual expenditures accounted for USD 8.5 billion of total tourism income, while package tour expenditures constituted USD 1.2 billion. The largest share of spending was on food and beverages (27%), followed by international transportation (15.8%), accommodation (13%), and package tour (12.6%). Compared with the same quarter last year, spending on accommodation increased by 21.2%, health-related expenditures rose by 18.4%, and food and beverage spending grew by 13.7%.

Trading Economics-


The number of foreign visitors to Turkey rose by 5.01% year-on-year to 2.46 million in March 2026, following a 2.08% drop in the previous month. Arrivals increased from the top five source countries, namely Germany (40.48%), Russia (12.40%), Bulgaria (9.85%), the UK (17.73%), and Georgia (8.78%). Istanbul remained the most popular destination, accounting for 51.57% of total foreign tourist arrivals, followed by Antalya (14.60%) and Edirne (11.69%). For the first quarter of the year, total foreign arrivals grew by 2.21% to 6.84 million.

Trading Economics-


The Eurozone GDP expanded by 0.1% from the previous quarter in the first quarter of 2026, missing the market consensus of a 0.2% expansion, and slowing from the 0.2% increase from the earlier period. The data reflected pressure from the tight supply of energy that is essential for major economies in the currency bloc, after the outbreak of war in the Middle East halted flows of oil, its byproducts, and liquified natural gas. The inflationary pressure from shortage risks drove ECB policymakers to consider higher rates this year and its largest members to revise growth downwards. French GDP projections were trimmed and its Q1 GDP unexpectedly stalled (vs 0.2% in Q4), while Italy (0.2% vs 0.3%) revised its projection lower and hinted it may not meet its fiscal projections despite. In turn, the German GDP expanded faster (0.3% vs 0.2%) amid infrastructure and defense deficit spending. Slower output was also seen from the Netherlands (0.1% vs 0.4%).

Trading Economics-


Euro area annual inflation climbed to 3% in April 2026, the highest since September 2023, up from 2.6% in March and slightly above market expectations of 2.9%, according to a preliminary estimate. Energy costs soared 10.9%, the most since February 2023, driven by the Middle East conflict. Also, prices rose faster for non-energy industrial goods (0.8% vs 0.5%), and food, alcohol, and tobacco (2.5% vs 2.4%). On the other hand, services inflation slowed to 3.0%, from 3.2%. The core rate, excluding volatile energy, also cooled to 2.2% from 2.3%. Among the Eurozone’s largest economies, inflation accelerated in Germany (2.9% vs 2.8%), France (2.5% vs 2%), Italy (2.9% vs 1.6%) and Spain (3.5% vs 2.4%).

Trading Economics-


India’s BSE Sensex finished about 0.8% down at 76,913.5 on Thursday, reversing Wednesday's modest gains, pressured by higher oil prices and continued foreign outflows. Investor sentiment stayed cautious as the US Federal Reserve kept rates unchanged but struck a hawkish tone, while persistent geopolitical tensions added further pressure. Domestically, attention turns to May 4 state election results. Eternal (-2.9%), Hindustan Unilever (-2.7%), Tata Steel (-2.1%), L&T (-2%), Trent (-2%) and UltraTech Cement (-1.9%) were the biggest laggards. On the flip side, top gainers included Sun Pharma (1.6%), Infosys (1.2%), Adani Ports (1%) and Tech Mahindra (1%). The Indian stock market will remain shut on Friday, 1 May 2026, on account of Maharashtra Day.

Trading Economics-


The Bank of England voted 8–1 to keep Bank Rate unchanged at 3.75% in April 2026, with one member preferring an increase to 4% and several policymakers indicating they could consider additional rate increases in the future. Policymakers highlighted that the conflict in the Middle East has created significant uncertainty for global energy prices. While monetary policy cannot directly influence them, the Committee aims to ensure any inflationary impact feeds through in a way consistent with the 2% target over the medium term, with outcomes dependent on the scale and duration of the shock and how it spreads through the economy. CPI inflation has risen to 3.3% and is expected to move higher later in the year as energy costs pass through, raising the risk of second round effects in wages and pricing. However, a loosening labour market and weaker growth may help contain inflation pressures, while tighter financial conditions since the conflict began are also expected to dampen demand.

Trading Economics-


The European Central Bank kept interest rates unchanged at its April meeting, with the main refinancing rate at 2.15% and the deposit facility at 2.0%, as policymakers adopted a cautious stance, While the ECB remains well-positioned to navigate uncertainty, officials noted that upside risks to inflation and downside risks to growth have intensified. They emphasized that longer-term inflation expectations remain anchored, though shorter-term expectations have risen significantly. At the post-meeting press conference, ECB President Christine Lagarde said the decision to hold rates was unanimous, though policymakers debated various options, including a possible hike. She added that the discussion centered on the fact that the ECB is "certainly moving away" from its baseline scenario.

Trading Economics-


The US economy expanded at an annualized rate of 2.0% in Q1 2026, up from 0.5% in the previous quarter but below market expectations of 2.3%, according to a preliminary estimate. Government spending rebounded by 4.4%, recovering from a 5.6% contraction in Q4 2025, as activity resumed following the end of the government shutdown. Gross private domestic investment increased by 8.7%, compared to 2.3% in the previous quarter, with business investment in equipment and structures surging 10.4%, the fastest in nearly three years, driven in part by rapid spending on artificial intelligence technologies. Consumer spending, which accounts for roughly two-thirds of economic activity, rose at a slower pace of 1.6% in Q1, following a 1.9% increase in Q4, supported by demand for services. Net trade contributed negatively to GDP, as exports rose by 12.9% while imports jumped at a faster rate of 21.4%.

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Samsung Electronics Co. said Thursday its first-quarter net profit surged more than fivefold from a year earlier, driven by robust demand for high-end memory chips used in artificial intelligence (AI) applications.

According to Yonhap News Agency, net profit for the three months ended March jumped to 47.22 trillion won (US$31.8 billion) from 8.22 trillion won a year earlier, the company said in a press release.

Operating profit jumped more than eightfold to 57.23 trillion won from 6.68 trillion won over the same period, while sales climbed 69.2 % to 133.87 trillion won from 79.14 trillion won.

"The record quarterly operating profit and sales were primarily driven by robust sales of high-margin AI chips and rising memory prices in the device solutions division," the company said.

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EasyLease, a subsidiary of IHC, has reported a strong performance for the first quarter ended 31st March 2026, delivering solid revenue growth and a significant improvement in profitability, underpinned by the continued strength of its core business and logistics operations.

Net profit climbed 98 percent to AED20.7 million, compared with AED10.4 million in Q1 2025, driven by a favourable business mix and improved operating leverage across the Group.

The increase reflects stronger contributions from EasyLease’s highest performing core businesses and logistics, alongside disciplined cost management.

Revenue increased 14 percent YoY to AED189.7 million, supported by sustained demand across EasyLease's core businesses, logistics and delivery-linked operations.

Gross profit rose 41 percent YoY to AED55.6 million, while operating profit increased 72 percent YoY to AED28.3 million, as revenue growth outpaced the increase in the Group’s fixed cost base.

EBITDA increased 55 percent YoY to AED54.7 million, reflecting improved asset productivity, higher utilisation levels and ongoing cost discipline across the portfolio.

“These results represent a strong start to the year for EasyLease, with a significant improvement in profitability driven by the strength of our core businesses and logistics platforms," said Ahmad Al Sadah, CEO of EasyLease. "Our continued focus on disciplined growth, operating leverage and fleet optimisation underpins resilient performance, even in a complex regional environment.”

Core businesses remained the Group’s major contributor to revenue and profitability during Q1 2026. Performance was supported by continued fleet expansion, strong utilisation levels and the essential nature of the service for delivery and mobility customers.

Gallega Group Holding, EasyLease’s logistics and supply chain platform, delivered continued growth during the quarter despite a mixed operating backdrop. Performance was supported by ongoing expansion across warehousing, yard capacity and land transport services, as customers increasingly sought integrated logistics solutions to navigate supply chain complexity. Continued focus on operational efficiency supported improved profitability as the platform scaled.

The Group’s delivery-linked operations remained resilient during the quarter, supported by steady demand from corporate customers. While certain discretionary and event-linked activities experienced softer conditions, EasyLease’s core mobility and logistics businesses continued to underpin overall Group performance.

EasyLease continued to advance a number of technology and digital initiatives aimed at strengthening fleet visibility, workflow efficiency and operating governance across the portfolio.

These initiatives are intended to support better asset utilisation, stronger control environments and improved operational consistency, while contributing to an improved customer experience over time.

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Borouge Plc announced a resilient financial and operational performance for the first quarter of 2026, delivering revenue of $1.2 billion, adjusted EBITDA of $343 million and net profit of $156 million despite current regional developments and logistics challenges.

The company’s results were underpinned by strong operational execution, delivering 1.21 million tonnes of production at 98 percent of nameplate capacity.

Despite the regional developments impacting the Strait of Hormuz, 61 percent of March production was successfully routed through alternative logistics channels.

Prices saw strong growth of 62 percent in March, driven by a global supply shortage of polyolefins, and have remained high in April, supporting the outlook for the full year.

“We would like to recognise our people for their unwavering professionalism and commitment despite significant challenges in the region," said Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge Plc.

He added that Borouge delivered a resilient Q1 2026 performance, reflecting strong execution, operational excellence and continuous cost discipline. The business continuity plans have been tested and proven.

"With global prices showing encouraging signs of recovery and as market conditions improve, we are well positioned to translate this opportunity into earnings, maintaining reliable supply for our customers, and continuing to deliver sustainable value for our shareholders," Al Suwaidi said.

In Q1, Borouge Plc recorded production volumes of 1.21 million tonnes, operating at 98 percent of nameplate capacity and demonstrating strong operational resilience. Unsold volumes were placed into storage for distribution in the coming months through effective inventory management and alternative logistics solutions, while the company continued to prioritise the safety of its people and the integrity of its assets.

Borouge Plc’s Q1 2026 performance highlights the resilience of its operating model and the flexibility of its commercial and logistics platform, supported by effective business continuity planning and close coordination with stakeholders and local authorities.

In Q1 2026, Borouge Plc achieved robust revenues of $1.2 billion. The company activated alternative distribution routes due to Strait of Hormuz disruptions. Higher logistics and freight costs were absorbed into the company’s pricing strategy. The swift response of Borouge Plc’s business continuity measures has helped support supply during a period of disruption.

Borouge Plc shareholders approved a total of $1.32 billion of dividend payments in respect of FY 2025 (16.2 fils per share) at the company’s Annual General Assembly on 7 th April 2026.

This dividend is expected to be maintained by Borouge International through to at least 2030, subject to shareholder approval.

The final shareholder-approved dividend payment for 2025 amounts to $658 million (8.1 fils per share), to be paid on or around 5th May 2026 to all shareholders of record as of 17th April 2026.

Under a recent favourable agreement with ADNOC and OMV, Borouge Plc has been granted operational control and marketing rights for the Borouge 4 mega project requiring no upfront capital investment from Borouge Plc.

The agreement is expected to generate a cumulative net profit of $400 million over the next three years, representing approximately 10 percent annual earnings accretion to Borouge Plc following full ramp-up.

Borouge Plc also achieved $143 million in value generation during the quarter through its AI Digitalisation & Technology programme and advanced its 3D printing and digital warehouse initiative, producing critical spare parts on demand, contributing to reduced lead times and lower inventory carrying costs.

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NMDC Group, a global leader in engineering, procurement, construction and marine dredging, today announced its financial results for the first quarter of 2026, reflecting resilient operational performance across its different vertical despite challenges amid evolving regional conditions.

The UAE has continued to demonstrate stability and continuity, supported by a coordinated and proactive government response that ensured the uninterrupted functioning of critical infrastructure and sustained business confidence across key sectors.

NMDC Group maintained consistent progress across its projects, supported by disciplined execution and strong operational coordination.

Revenues reached AED6.6 billion in Q1 2026, representing a 7 percent year-on-year increase, driven by steady backlog conversion.

Net profit stood at AED387 million, reflecting a measured and prudent approach in a more complex operating environment.

The Group’s backlog stood at AED55.4 billion, providing strong visibility on future revenues, while its pipeline reached AED92 billion across its verticals, NMDC Energy, NMDC Dredging & Marine, and NMDC Infra, highlighting the breadth of opportunities across its core sectors.

During the quarter, NMDC Group continued to build momentum within its Infrastructure vertical, NMDC Infra, focusing on essential infrastructure projects aligned with national priorities.

The acquisition of Lantania Aguas strengthens the Group’s position in the global water sector, while the NMDC Group and CCC joint venture enhances its capabilities in onshore oil and gas EPC, expanding its offering across the energy value chain.

Awarded projects during the period reached AED1.8 billion, with AED1.5 billion secured by Dredging & Marine and AED0.3 billion by Infra, reflecting sustained demand across the Group’s key business areas.

The Group maintained a net cash position of AED5.2 billion, reinforcing its financial strength and ability to navigate market conditions while continuing to invest in strategic growth areas.

Mohamed Thani Al Rumaithi, Chairman of the Board of Directors, NMDC Group, said, “The UAE continues to demonstrate that stability, clear policy direction and long-term planning are powerful enablers of economic progress. For NMDC Group, this provides the confidence to invest in capabilities, partnerships and sectors that will support the UAE’s continued economic diversification. Our first quarter performance reflects our unmatched business model, the strength of our balance sheet and our continued focus on creating sustainable long-term value for shareholders and stakeholders alike.”

Dr. Yasser Zaghloul, Group Chief Executive Officer of NMDC Group, stated, “Our first quarter results is a testament of our operational resilience across our portfolio, reflecting the strength of our operating model and the UAE’s stable and well-regulated economic infrastructure environment. We delivered steady revenue growth, maintained profitability and strengthened our backlog, while continuing to expand into strategic growth areas including infrastructure, water and onshore energy services. We remain well positioned to capture new opportunities and deliver consistent performance through 2026 and beyond.”

NMDC Group continues to closely monitor regional developments while maintaining a disciplined and forward-looking approach. Supported by a strong backlog, diversified pipeline and solid financial position, the Group remains well-positioned to sustain performance and capitalise on future opportunities.

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Ghitha Holding, a subsidiary of 2PointZero, has announced its consolidated financial results for the three-month period ended 31st March 2026.

During the period, revenue grew by 23 percent YoY to AED1.62 billion, driven by strong momentum across the Group’s core business segments. Performance was supported primarily by organic growth across key categories, and continued integration, reflecting the resilience of Ghitha’s diversified platform and sustained demand across essential food segments.

Gross profit rose 8 percent YoY to AED330.8 million on the back of higher revenues, and ongoing optimisation across operations.

Falal Ameen, CEO of Ghitha Holding, said, “Ghitha delivered a strong start to 2026, with double-digit revenue growth reflecting the resilience of our platform and strong demand across our core categories. Our performance was driven by the strength of our integrated operating model and our ability to deliver consistent growth amid a challenging geopolitical environment.

We continue to play a central role in supporting the UAE’s food security agenda, ensuring reliable supply of essential food products. At the same time, the acquisiton of Taaza by NRTC strengthens our presence in the fruits and vegetables segment and enhances our farm-to-market capabilities. Looking ahead, we remain focused on driving operational efficiencies and pursuing disciplined expansion opportunities that deliver sustainable value and attractive returns.”

During the quarter, Ghitha continued to strengthen its role in supporting national food security, leveraging its integrated platform to meet local demand and ensure continuity of supply across essential food categories.

The Group will continue the integration and expansion of Taaza under NRTC, scaling operations and distribution capabilities to support growth in the fresh-cut, juice, and adjacent product segments. This reinforces Ghitha’s strategy to deepen its presence in high-demand categories and enhance vertical integration across the fresh produce value chain.

At the operational level, Ghitha maintained progress on the implementation of SAP, a strategic initiative aimed at enhancing efficiency, integration, and scalability across the platform.

Looking ahead, the Group remains focused on disciplined growth across its core segments, pursuing opportunities that meet its return thresholds while continuing to drive operational efficiencies and scale benefits across the business.

Ghitha is well-positioned to sustain its growth trajectory while contributing meaningfully to the UAE’s long-term food security objectives.

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The UAE Fuel Price Committee has announced fuel prices for May 2026, maintaining the diesel price in a step aimed at supporting the continuity of vital sectors, particularly logistics and supply chains, contributing to market balance and price stability.

Prices of petrol products saw a limited adjustment in line with global market changes within the UAE’s approved monthly pricing mechanism, which is based on a flexible and transparent system that keeps pace with international market fluctuations, supports sustainability, and reflects energy price changes in a balanced manner, as follows:

Diesel: AED4.69 per litre.

Super “98”: AED3.66 per litre.

Special “95”: AED3.55 per litre.

E-Plus “91”: AED3.48 per litre.

Maintaining the diesel price reflects the UAE’s commitment to supporting a stable business environment and enhancing the smooth flow of operations across various sectors, especially those linked to transport and supply chains, reinforcing the country’s position as a regional and global hub for trade and logistics services.

The UAE continues to develop an integrated system for managing the energy sector, based on flexibility and transparency, ensuring efficient market supply and maintaining sustainable economic balance amid rapid global changes.

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Visa, a world leader in digital payments, has appointed Emirates NBD as its official National Net Settlement Service (NNSS) Agent in the UAE, allowing Visa’s domestic card transactions to be settled by Emirates NBD locally in UAE Dirhams (AED) in lieu of international settlement.

The collaboration enhances the UAE’s domestic settlement capabilities and equips Visa clients with greater flexibility to automate and manage their local settlement obligations.

A Visa NNSS Settlement Agent (typically a licensed bank or financial institution) facilitates local settlement for participating Visa clients by managing fund transfers for domestic Visa transactions in accordance with Visa’s network standards.

As Visa’s NNSS Agent in the UAE, Emirates NBD will streamline domestic settlements in AED, supporting enhancements to the settlement processes.

Salima Gutieva, Visa’s VP and Country Manager for the UAE, and Anith Daniel, Group Head of Transaction Banking Services at Emirates NBD, signed the NNSS agreement at Emirates NBD headquarters in Dubai.

“We are committed to expanding the growth of digital payments in the UAE, and are delighted to partner with Emirates NBD to continue facilitating local currency settlements among our clients for Visa domestic transactions," said Fadi Moukaddem, Visa’s SVP and Group Country Manager for UAE, Kuwait, and Qatar.

Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said, “This partnership will streamline domestic settlement processes and bolster the nation’s digital payments infrastructure, supporting the UAE government’s ambitions for a more cashless economy."

This appointment, he said, reflects Visa’s confidence in the bank's financial service capabilities.

The system enables faster local settlement, helping to reduce processing times and payment delays, and enhances reliability and resilience, as local processing reduces reliance on international networks for domestic transactions, supporting continuity and stability, in addition to contributing to cost efficiencies, as reduced international processing can lower certain fees, creating opportunities for more cost-effective operations, and offering greater flexibility for clients.

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Meraas, a member of Dubai Holding Real Estate, has awarded AED2.4 billion in main construction contracts for new phases of its flagship villa developments, The Acres and The Acres Estates, in Dubailand, marking a significant addition to Dubai’s growing pipeline of high-quality villa communities amid sustained demand from local and international buyers.

United Engineering Construction (UNEC) has been appointed to deliver The Acres, while GCC Contracting will lead construction at The Acres Estates.

The contracts cover the construction, testing, commissioning, and handover of 557 villas.

The latest phase of The Acres will include 371 three- to five-bedroom villas alongside key community infrastructure, while The Acres Estates will comprise 186 five- to seven-bedroom residences designed on a larger, more exclusive scale.

“This award reflects both the strength of demand for premium villa communities in Dubai and our continued investment in meeting that demand with quality and distinction," said Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate.

Engineer Abdul Halim Muwahid, Chairman of UNEC, said, “Our appointment on The Acres reflects a shared commitment to disciplined delivery and consistent quality at scale. We are focused on efficient execution and maintaining the highest construction standards throughout the project lifecycle.”

Bipin Chandran, Executive Director and CEO at GCC Contracting, stated, “The Acres Estates is a high-specification residential development, and we are committed to delivering it with the precision and technical expertise required for projects of this calibre.”

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The Abu Dhabi Securities Exchange (ADX) Group on Thursday announced hosting the region’s first initial offering period (IOP) for a US-based ETF, followed by the cross-listing of the KraneShares Wahed Alternative Income Index ETF (KWIN).

This milestone underscores ADX’s continued innovation in expanding access to global investment products and enhancing market accessibility for investors.

The IOP for the ETF, which ran from 15th to 21st April, attracted investors from more than 46 nationalities who subscribed through ADX’s website, demonstrating strong and diverse international demand.

This listing marks a key milestone as the first Shari’ah-compliant ETF to be cross-listed from the US and the fourth ETF from the New York Stock Exchange to join ADX, bringing total ETF market capitalisation on the exchange to nearly AED27 billion.

Developed by KraneShares and Wahed Invest, the launch of KWIN increases the number of ETFs listed on ADX to 23, reinforcing confidence in the exchange’s infrastructure and the resilience of the broader market.

The ETF uses an options-based strategy to generate income and tracks the Wahed Shariah Alternative Income Index. As of March 2026, the index had 306 holdings, including companies like Amazon and athletic apparel maker Lululemon.

It also represents the second ETF listing on ADX since the onset of recent regional geopolitical developments, following the KraneShares Artificial Intelligence & Technology ETF (AGIX), highlighting the exchange’s ability to sustain momentum and investor trust.

ADX’s ETF segment continues to expand rapidly, with trading value reaching AED155 million in Q1 2026, up 228 percent year-on-year. This aligns with broader market performance, where total trading value approached AED90 billion, an increase of 7.5 percent.

Institutional participation rose to 78 percent of total trading value, while foreign investors accounted for 47.5 percent, with transactions exceeding AED85 billion, up 22 percent year on year, underscoring strong international engagement.

(WAM)-


Ports, Customs and Free Zone Corporation (PCFC) announced strong operational performance during the first quarter of 2026, with more than 9 million vehicles entering ports and free zones, alongside the issuance of over 800,000 entry permits through the ‘Tasreeh’ system.

These figures highlight the scale of operations and the efficiency of advanced monitoring and control systems regulating movement across these areas.

Despite regional challenges earlier in the year, the Corporation maintained uninterrupted services across its jurisdiction, ensuring a seamless experience for customers and partners.

Building on this operation scale, PCFC recorded over 8,633 complete security transactions during Q1 2026, alongside a significant 90% reduction in violations between January and March, demonstrating the effectiveness of enhanced enforcement measures and increased compliance across all locations

Sultan Al Malik, Director of the Security Department at PCFC, noted that, as part of ongoing efforts to strengthen monitoring, inspection, and control, a dedicated Traffic Control and Enforcement Section has been established. The department has also deployed specialised national cadres in commercial and maritime security to oversee 50 gates across 11 locations, supported by approximately 250 security personnel operating around the clock.

Through the Traffic Control and Enforcement Section, a total of 1,056 violations were recorded, including 641 traffic violations. The sharp decline in violations reflects the impact of continuous inspections, strengthened enforcement mechanisms, and growing adherence to regulations among users.

The department also demonstrated strong emergency readiness, successfully managing all reports related to rainwater accumulation during recent weather conditions in the emirate. All cases were resolved within a record timeframe in coordination with relevant authorities.

Al Malik noted that the significant decline in violations reflects the success of the department’s strategy in enhancing compliance, strengthening oversight, and accelerating response times, with total completed security transactions exceeded 8,633.

During the first quarter, the security department at PCFC continued to deliver key services, including permit management, patrol operations, and field inspections, reinforcing PCFC’s commitment to a secure, resilient, and business-friendly environment aligned with global practices.

(WAM)-


The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), has provided around AED44 million in funding to startups in 2025, marking growth of more than 25 percent compared to AED35 million in 2024.

Ahmad Al Room Almheiri, Acting Chief Executive Officer of Dubai SME, said the institution continues to increase funding annually due to its pivotal role in enabling companies to expand locally and globally.

Almheiri told Emirates News Agency (WAM), on the sidelines of the first edition of the Future Majlis, which witnessed the selection and recognition of winning projects, that funding is primarily directed towards priority sectors within the economic agenda, with a focus on projects that have scalable business models. He noted that the fund’s support is available to UAE nationals who meet the approved criteria.

He added that the launch of the Future Majlis programme aims to encourage entrepreneurship, attract new talent, and prepare a generation of founders capable of transforming ideas into viable projects, in line with the institution’s goal of launching 27,000 projects by 2033.

The three-day programme brought together participants from diverse backgrounds in working groups focused on addressing real challenges presented by government and private entities. These teams developed innovative ideas that can be transformed into startups with the institution’s support after the programme.

He noted that around 50 participants were divided into eight teams, providing them with opportunities to exchange expertise and develop practical solutions in preparation for establishing competitive new companies.

The programme focused on sectors including technology, artificial intelligence and logistics, given their high growth potential and priority status.

Regarding the selection criteria for winning projects, Almheiri said the focus is on the founder’s competence and sector expertise, alignment with priority sectors, and the project’s ability to deliver added value to the economy.

He explained that support is not limited to winners but also extends to participating teams with promising ideas, as the institution works on developing their business models and providing appropriate support, whether through funding or facilitating access to markets and procurement opportunities.

Winners will receive prizes in addition to tailored support based on each project’s needs, including funding, mentorship and connections to opportunities in local and global markets.

The winners included Majlis Al Rowad, which secured first place as an online platform connecting entrepreneurs and startups to support their growth, followed by Basco, which specialises in linking projects with logistics companies, and Tatoor Programme, a platform connecting SMEs with service providers from both the private and government sectors to facilitate expansion and growth in the UAE.

Almheiri also highlighted specialised initiatives targeting promising sectors, such as programmes supporting technology companies, as well as Dubai Traders, which aims to enable companies to enter the e-commerce sector through platforms such as Noon and Amazon, enhancing their growth potential. He affirmed the institution’s continued efforts to establish partnerships with specialised entities to further develop this sector.

He noted that these initiatives collectively contribute to strengthening the entrepreneurship ecosystem in Dubai and consolidating its position as a regional and global hub for startups by providing an integrated system that includes funding, training, mentorship and market access.

(BNA)-


The Central Bank of Bahrain (CBB) announces that the issue of the 3-year Government Development Bond has been oversubscribed by 210%.


Subscriptions worth BD 419.597 million were received for the BD 200 million issue, which carries a maturity of 3 years.


The fixed annual coupon rate on the issue, which begins on May 5and matures on May 5, 2029, is 6.250%.


The Government Development Bonds are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.


This is Government Development Bond issue No.45 (ISIN BH0002P6Q9D2).

(QNA)-

The Qatar Central Bank (QCB) issued Thursday government Ijara Sukuk on behalf of the Ministry of Finance, with a total value of QAR 2.5 billion.

QCB explained that the sukuk maturities variy as follows: QAR 1.25 billion (Tap Issuance) with a maturity date of September 3, 2028, and a yield of 4.4 percent, and QAR 1.25 billion (iTap Issuance) with a maturity date of August 24, 2030, and a yield of 4.4 percent.

QCB added, in a post on 'X' platform, that total bids for the sukuk amounted to approximately QAR 7 billion. (

(QNA)-


Kuwait Bourse closed trading on Thursday as the All Share Index lost 46.31 points to reach 8,860.36 points, a decrease of 0.52 percent.

As many as 457.10 million shares valued at KWD 108.4 million (roughly USD 331.7 million) were traded via 30,530 transactions.

The Main Market Index declined by 30.96 points to reach 8,570.60 points, down by 0.36 percent, through 289.08 million shares done via 15,941 transactions valued at KWD 42.10 million (roughly USD 128.8 million).

The Premier Market Index lost 51.99 points to reach 9,381.81 points, down by 0.55 percent, through 167.2 million shares done via 14,589 transactions valued at KWD 66.3 million (roughly USD 202.8 million).

Meanwhile, the bourse Main 50 Index went down by 2.67 points to reach 9,361.16 points, down by 0.03 percent, through stock volume of 234.9 million shares done in 12,221 deals at a value of KWD 33.16 million (roughly USD 101.4 million).

(QNA)-


Qatar Stock Exchange (QSE) index closed lower on Thursday shedding 123.91 points, or 1.17 percent, to settle at 10,487.91 points.

A total of 199,183,441 shares were traded in 38,363 transactions across all sectors, valued at QAR 569,783,720.564.

Shares of 11 companies advanced, while 38 declined, and five remained unchanged.

Market capitalization stood at QAR 624,464,283,059.822, compared with QAR 631,943,510,372.624 in the previous session

With reference to the letter of the Ministry of Finance on 30/04/2026 regarding the Egyptian Treasury Bonds 03 February 2028 Variable Return, according to the prospectus, a quarterly coupon is due on these bonds, which is determined at the beginning of the period and is disbursed and recalculated every three months, according to the change in the average corridor rate of the central bank, since the coupon no.(6) for this bond is due on 03/08/2026, the price of the coupon is 23.9075%.
ISIN Code: EGBGR06171V2

Insider Trading Executions: Trading Session 29/4/2026
Company Name: El Badr Investment And Development BID
Position: Insider
Transaction: Sell
Number of Shares:4500

Insider Trading Executions: Trading Session 29/4/2026
Company Name: Digitize for Investment And Technology
Position: Insider
Transaction: Sell
Number of Shares:750000

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 6) for the listed bonds of Capital For Securitization The First Issuance - The Fifteenth Program Tranche A December 2027 V.R.
The total listed value of the bonds after the partial redemption becomes EGP 369,671,999.99 distributed over 4,230,000 bonds at a par value of EGP 87.39290. These modifications will be applied to EGX database effective 03/05/2026 trading session. This bond tranche has been locally rated by MERIS as (AA+) ، at a variable annual Return rate Equals to The Lending Rate announced by the Central Bank + Margin 0.35 % to be paid monthly starting from the Second Month Of The Issuance.
ISIN Code: EGB69611S2T3

Insider Trading Executions: Trading Session 29/4/2026
Company Name: Egyptian for Tourism Resorts
Position: Insider
Transaction: Sell
Number of Shares:5000

Insider Trading Executions: Trading Session 29/4/2026
Company Name: Pyramisa Hotels
Position: Related Parties for Insider
Transaction: Sell
Number of Shares:4500

Insider Trading Executions: Trading Session 29/4/2026
Company Name: Pyramisa Hotels
Position: Related Parties for Insider
Transaction: Buy
Number of Shares: 2441

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 24) for the listed bonds of EL TAAMIR Securitization The First Issuance-The Second Program Tranche B June 2026 Variable Return.
The total listed value of the bonds after the partial redemption becomes EGP 30,942,999.98 distributed over 5,930,000 bonds at a par value of EGP 5.21804. These modifications will be applied to EGX database effective 03/05/2026 trading session. This bond tranche has been locally rated by MERIS as (AA) ، at a variable Return rate equal to the Lending Rate announced by the Central Bank + Margin 0.50 % to be paid monthly starting from the third month of the issuance
.
ISIN Code: EGB692R1S302

Insider Trading Executions: Trading Session 29/4/2026
Company Name: Palm Hills Development Company
Position: Insider
Transaction: Sell
Number of Shares: 35000

Insider Trading Executions: Trading Session 29/4/2026
Company Name: Palm Hills Development Company
Position: Insider
Transaction: Buy
Number of Shares: 30000

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 7) for the listed bonds of EL TAAMIR Securitization The Second Issuance - Second Program Tranche A October 2027 V.R.
The total listed value of the bonds after the partial redemption becomes EGP 488,919,999.99 distributed over 5,735,000 bonds at a par value of EGP 85.25196. These modifications will be applied to EGX database effective 03/05/2026 trading session. This bond tranche has been locally rated by MERIS as (AA+) ، at a variable annual Return rate Currently 25.35% Equals to The Lending Rate announced by the Central Bank + Margin 0.35 % to be paid monthly Starting from the Second Month of The Issuance.
ISIN Code: EGB692R1S401

Insider Trading Executions: Trading Session 29/4/2026
Company Name: Mena Touristic & Real Estate Investment
Position: Major shareholder
Transaction: Buy
Number of Shares: 627524

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 1) for the listed bonds of Tamweel Securitization The First Issuance - Fourth Program Tranche B November 2027 V.R.
The total listed value of the bonds after the partial redemption becomes EGP 319,499,999.99 distributed over 3,455,000 bonds at a par value of EGP 92.47467. These modifications will be applied to EGX database effective 03/05/2026 trading session. This bond tranche has been locally rated by MERIS as (AA) ، at a variable annual Return rate equal to the Lending Rate announced by the Central Bank + Margin 0.6 % to be paid monthly starting from the month Following the Month of the Issuance.
ISIN Code: EGB69781S262

Insider Trading Executions: Trading Session 29/4/2026
Company Name: Gulf Canadian Real Estate Investment Co.
Position: Insider
Transaction: Sell
Number of Shares: 650000

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 17) for the listed bonds of Tamweel Securitization The First Issuance - Fourth Program Tranche A November 2026 V.R.
The total listed value of the bonds after the partial redemption becomes EGP 158,099,999.99 distributed over 6,257,000 bonds at a par value of EGP 25.26770. These modifications will be applied to EGX database effective 03/05/2026 trading session. This bond tranche has been locally rated by MERIS as (AA+) ، at a variable annual Return rate equal to the Lending Rate announced by the Central Bank + Margin 0.55 % to be paid monthly starting from the month Following the Month of the Issuance.
ISIN Code: EGB69781S254

Company Name : EFG Hermes Securitization
ISIN Code : EGB69561S185
Reuters Code : EGFIGRSC1P4C=CA
Content :
Release concerning The credit rating for
EFG Hermes Securitization the First Issuance - Fourth Program Tranche C December 2026.

Release from the Company (972 KB)