Youm7-

The Egyptian stock market indices showed mixed performance at the close of trading on Tuesday, the middle of the week's sessions. The main index declined due to downward pressure on leading stocks, most notably Commercial International Bank (CIB), Eastern Company, Beltone Holding, and EFG Holding. Egyptian investors were net buyers, while Arab and foreign investors were net sellers. Trading volume reached EGP 8.9 billion, and market capitalization fell by EGP 7 billion to close at EGP 3.657 trillion.

The EGX 30 index declined by 0.93% to close at 52,230 points, while the EGX 30 Capped index fell by 0.81% to close at 63,758 points. The EGX 30 Total Return index dropped by 0.84% ​​to close at 24,231 points, and the EGX 35-LV index, which tracks low-volatility stocks, decreased by 0.09% to close at 5,738 points.

Meanwhile, the EGX 70 Equal Weight index, which tracks small and medium-sized enterprises, rose by 0.22% to close at 13,973 points, and the EGX 100 Equal Weight index climbed by 0.04% to close at 19,524 points. The Sharia index, however, fell by 0.39% to close at 5,560 points.

EGX 30 index closed at 52,719.12 points, recording an increase of 0.57%. EGX70
EWI index posted 0.43% gain concluding the day at 13,942.93 points, while EGX100
EWI index rose by 0.43% and concluded the day at 19,516.57 points.
EGX 33 Shariah Index rose by 0.55% and concluded the day at 5,582.05 points . EGX
30 index capped rose by 0.44% and concluded at 64,275.69 points.

Total market capitalization reached EGP 3,664.7 billion at end of day, representing
an increase of 1.04% over the day, as presented in the below table.

EGX Chairman, Ministers of Education, Finance, Investment, Planning Along with Chairman of FRA witnessed the Launch of Financial literacy Curriculum for the Second Year Secondary School Students

(BNA)-


Total CX, a leading provider of customer experience and digital engagement solutions in the Kingdom of Bahrain and part of the Beyon Group, signed an exclusive partnership agreement valued at over USD 2 million with DOO, a company specializing in artificial intelligence and customer experience technologies. Under the agreement, Total CX has secured exclusive distribution rights for DOO’s solutions in Bahrain.



The partnership marks a significant step in Total CX’s strategy to expand its AI-powered customer experience capabilities, enabling enterprises across the Kingdom to enhance operational resilience, optimize customer engagement, and ensure business continuity in an increasingly dynamic environment.



Through this collaboration, Total CX will introduce DOO’s advanced customer experience platform to the Bahraini market, further strengthening its position as an end-to-end CX partner for enterprises across Bahrain. Through its integrated approach, Total CX enables organisations to manage customer interactions seamlessly across multiple digital channels, automate workflows, and improve operational efficiency. Combined with Total CX’s broader service offering, enterprises can benefit from a comprehensive suite of solutions, including culturally aware AI agents across voice, text, and avatar formats, contact center outsourcing (inbound and outbound), customer journey design and optimization, sentiment analysis, and advanced CX analytics and insights, all delivered through a fully managed, scalable model.



Aseel Mattar, Interim CEO of Total CX, commented that this partnership represents a key milestone in Total CX’s growth journey. Through DOO’s AI-powered platform, the company is enabling organisations to strengthen customer engagement, improve operational agility, and build more resilient business models. Building on its experience in delivering customer experience solutions to leading organisations, the company is well positioned to extend these new capabilities to a broader enterprise market.



Ali Mohsen, Co-Founder and CEO of DOO, said that the company is proud to partner with Total CX in this strategic collaboration, which marks an important step in expanding its presence in the region. He added that AI has become a critical enabler of business continuity, helping organisations deliver more efficient and resilient customer experiences.



This agreement reflects a shared commitment by Total CX and DOO to support digital transformation in Bahrain by equipping organisations with innovative, future-ready technologies that address both current challenges and long-term growth objectives.

(BNA)-


The Central Bank of Bahrain (CBB) announces that the monthly issue of the six-month short-term Ijara Murabaha Sukuk, has been oversubscribed by 142%.



Subscriptions worth BD 70.771 million were received for the BD 50 million issue, which carries a maturity of 182 days.



The expected return on the issue, which begins on April 30 and matures on October 29, is 5.24% equivalent to the previous issue on April 2.



The Ijara Murabaha Sukuk are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.



This is issue 6IM/9 (BH000943U157) of the short-term Ijara Murabaha Sukuk series.

(BNA)-


Bahrain All Share Index has closed at 1,957.93 points, marking an increase of 6.15 points above the previous closing.



This increase was due to the rise in the communication services sector, the financial sector and the real estate sector.



Bahrain Islamic Index has closed at 962.73 points, marking an increase of 5.63 points above the previous closing.



Results indicated that 90 equity transactions took place with a volume of 2,224,623 worth BD 519,221.



Investors traded mainly in the financial sector, representing 59.91% of the total value of securities traded.

(QNA)-


Kuwait Bourse closed trading on Tuesday as the All Share Index lost 39.10 points to reach 8,869.35 points, an decrease of 0.44 percent.

As many as 496.7 million shares valued at KWD 109.3 million (roughly USD 357.3 million) were traded via 30,671 transactions.

The Main Market Index declined by 11.27 points to reach 8,508.97 points, down by 0.13 percent, through 352.3 million shares done via 17,526 transactions valued at KWD 53.4 million (roughly USD 174.6 million).

The Premier Market Index lost 47.04 points to reach 9,406.29 points, down by 0.50 percent, through 144.4 million shares done via 13,145 transactions valued at KWD 55.8 million (roughly USD 182.4 million).

Meanwhile, the bourse Main 50 Index went down by 103.12 points to reach 9,316.55 points, down by 1.09 percent, through stock volume of 251.9 million shares done in 11,256 deals at a value of KWD 38.4 million (roughly USD 125.5 million).

(QNA)-

Qatar Stock Exchange (QSE) index closed lower on Tuesday shedding 19.27 points, or 0.18 percent, to settle at 10,622.63 points.

A total of 239,106,243 shares were traded in 28,642 transactions across all sectors, valued at QR 511,024,589.740.

Shares of 20 companies advanced, while 27 declined, and six remained unchanged.

Market capitalization stood at QR 632,957,093,255.564, compared with QR 634,064,952,399.766 in the previous session.

Company Name : Cairo Pharmaceuticals
ISIN Code : EGS38391C016
Reuters Code : CPCI.CA
Content :
Release from the company concerning the Board of Directors & the Executive Managers.

Release from the Company (745 KB)

Company Name : Gourmet Egypt.Com Foods
ISIN Code : EGS540S1C014
Reuters Code : GOUR.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended on 31/03/2026, according to Article 30 of the Listing Rules.

Disclosure Form for the BoD & the Shareholders' Structure (1,442 KB)

EGX Chairman, Ministers of Education, Finance, Investment, Planning Along with Chairman of FRA witnessed the Launch of Financial literacy Curriculum for the Second Year Secondary School Students

With reference to the letter of the Ministry of Finance on 28/04/2026 regarding the Egyptian Treasury Bonds 29 April 2030 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.(5) for this bond is due on 29/07/2026, the price of the coupon is 24.2102%.
ISIN Code: EGBGR06261V1

According to the letter received from the MCDR on 27/04/2026 by the periodical partial redemption (installment no. 18) for the listed bonds of AL Rehab For Securitization The Fourth Issue-First Program Tranche C November 2027.
The total listed value of the bonds after the partial redemption becomes EGP 9,595,000.00 distributed over 2,425,500 bonds at a par value of EGP 3.95588. These modifications will be applied to EGX database effective 29/04/2026 trading session. This bond tranche has been locally rated by MERIS as (A-) ، at a fixed annual Return rate of 10.25% to be paid monthly Starting From January 2023.
ISIN Code: EGB69471S435

In implementation of Article (20) of the listing rules, EGX announces receiving a listing request on 28/04/2026, to list the shares of The Egyptian General Company For Tourism & Hotels (EGOTH), on the board of the Egyptian securities- shares (Main Market), where the listing documents received from the company are currently being reviewed and completed to be presented to the listing  committee, as the following:

The Company's issued capital to be listed: EGP 3,000,000,000 
Number of shares: 30,000,000 shares
par value: EGP 100

The announcement shall be published for a period of five working days from its date.

Company Name : Subscription Rights Of South Valley Cement -1
ISIN Code : EGS924E1C016
Reuters Code : SVCE_r1.CA
Content :
EGX decided to resume trading on the Subscription Rights Of South Valley Cement -1 effective 28/04/2026 trading session at 01:15 PM, as the company sent a release responding to EGX inquiries

Company Name : Subscription Rights Of South Valley Cement -1
ISIN Code : EGS924E1C016
Reuters Code : SVCE_r1.CA
Content :
EGX decided to resume trading on the Subscription Rights Of South Valley Cement -1 effective 28/04/2026 trading session at 01:15 PM, as the company sent a release responding to EGX inquiries

Release from the Company (34 KB)

Insider Trading Executions: Trading Session 27/ 4/2026
Company Name: Prime Holding
Position: Insider
Transaction: Sell
Number of Shares: 67054

Insider Trading Executions: Trading Session 27/ 4/2026
Company Name: Prime Holding
Position: Major shareholder
Transaction: Buy
Number of Shares: 2605064

Insider Trading Executions: Trading Session 27/ 4/2026
Company Name: Prime Holding
Position: Major shareholder
Transaction: Sell
Number of Shares: 150758

Insider Trading Executions: Trading Session 27/ 4/2026
Company Name: International Company For Fertilizers & Chemicals
Position: Insider
Transaction: Sell
Number of Shares: 50

Insider Trading Executions: Trading Session 27/ 4/2026
Company Name: Sabaa International Company For
Pharmaceutical and Chemical
Position: Major Shareholder
Transaction: Sell
Number of Shares: 200000

Company Name : South Valley Cement
ISIN Code : EGS3C351C011
Reuters Code : SVCE.CA
Content :
EGX decided to resume trading on the company's shares effective 28/04/2026 trading session at 01:15 PM, as the company sent a release responding to EGX inquires

Company Name : South Valley Cement
ISIN Code : EGS3C351C011
Reuters Code : SVCE.CA
Content :
EGX decided to resume trading on the company's shares effective 28/04/2026 trading session at 01:15 PM, as the company sent a release responding to EGX inquires

Release from the Company (34 KB)

Insider Trading Executions: Trading Session 27/ 4/2026
Company Name: Oriental Weavers
Position: Insider
Transaction: Buy
Number of Shares: 1000

Insider Trading Executions: Trading Session 27/ 4/2026
Company Name: Sharkia National Food
Position: Insider
Transaction: Buy
Number of Shares: 5000

Insider Trading Executions: Trading Session 27/ 4/2026
Company Name: AJWA for Food Industries company
Position: Insider
Transaction: Sell
Number of Shares: 9850

Company Name : South Valley Cement
ISIN Code : EGS3C351C011
Reuters Code : SVCE.CA
Content :
EGX decided to suspend trading on company's shares till the company responds to EGX inquires

Company Name : Subscription Rights Of South Valley Cement -1
ISIN Code : EGS924E1C016
Reuters Code : SVCE_r1.CA
Content :
EGX decided to suspend trading on Subscription Rights Of South Valley Cement -1 till the company responds to EGX inquires

Company Name : Gogreen for Agricultural Investment
ISIN Code : EGS07DR1C012
Reuters Code : GGRN.CA
Content :
Corporate Governance Report for the fiscal year ended in 31/12/2025

The Corporate Governance Report (4,484 KB)

News Attachment in Arabic (175 KB)
News Attachment in English (11 KB)

Company Name : Six of October Development & Investment (SODIC)
ISIN Code : EGS65851C015
Currency : EGP
F/S Standalone Period : From 01/01/2026 To 31/03/2026
Net Profit : 279,817,381
F/S Standalone Period : From 01/01/2025 To 31/03/2025
Net Comparative Profit : 516,399,460
Audit Status : Reviewed
Source : Six of October Development & Investment (SODIC)

The BoD Report in Arabic & English (464 KB)
The Financial Statements in English (477 KB)

Company Name : Six of October Development & Investment (SODIC)
ISIN Code : EGS65851C015
Currency : EGP
F/S Standalone Period : From 01/01/2026 To 31/03/2026
Net Profit : 279,817,381
F/S Standalone Period : From 01/01/2025 To 31/03/2025
Net Comparative Profit : 516,399,460
Audit Status : Reviewed
Source : Six of October Development & Investment (SODIC)

The Financial Statements in Arabic (590 KB)
The BoD Report in Arabic & English (464 KB)
The Financial Statements in English (477 KB)

Company Name : Egyptian Iron & Steel
ISIN Code : EGS3D061C015
Reuters Code : IRON.CA
Content :
Financial Statements for the ended period at 31/12/2025

Company Name : Egyptian Iron & Steel
ISIN Code : EGS3D061C015
Reuters Code : IRON.CA
Content :
Financial Statements for the ended period at 31/12/2025

The Financial Statements (1,376 KB)

Company Name : Atlas for Investment & Food Industries
ISIN Code : EGS071L1C018
Reuters Code : AIFI.CA
Content :
The Board of Directors' decisions held on 27/04/2026 including the unaudited financial results for the ended year 31/12/2025 standalone and consolidated.

The BoD Report (3,871 KB)
The ESG Report (3,144 KB)
The BoD Decisions (1,437 KB)
The Corporate Governance Report (9,941 KB)

Company Name : Gulf Canadian Real Estate Investment Co.
ISIN Code : EGS651B1C018
Reuters Code : CCRS.CA
Content :
AGM decisions
Assembly Date : 27/04/2026

AGM Decisions (2,915 KB)

(WAM)-


Sharjah Department of Public Works (SDPW) is implementing the Midline project for rainwater and groundwater drainage at a cost of AED500 million, marking one of the emirate’s largest strategic infrastructure developments.

The project enhances drainage efficiency across key areas through an integrated engineering system extending over long distances and serving densely populated districts. Despite much of the work being underground, it plays a critical role in preventing water accumulation, maintaining traffic flow, and safeguarding urban life.

The development is divided into three interconnected zones. The first includes a 16 km main transmission and secondary network constructed using micro-tunnelling at depths of up to 20 metres, forming the system’s backbone and directing water towards the sea.

The second zone comprises two main pumping stations at Al Ghubayba and Al Sour. Al Ghubayba station, with a capacity of 6.2 cubic metres per second, serves multiple areas including Al Ghubayba, Al Tala’a, Al Rifa’a, Al Shahba, Al Darari, Al Tarfa, Dasman, Samnan, parts of Industrial Area 4, Al Wahda Street, Wasit Street and Abu Shaghara Tunnel, supported by 6.6 km of collection lines.

Al Sour station, with a capacity of 5.7 cubic metres per second, serves areas such as Al Shuwaiheen, Al Ghuwair, Al Musalla, Al Manakh, Al Yarmook, Al Mureijah, Umm Al Tarafa, Al Mahatta, Al Jubail, Al Sour, Al Nad, Al Majaz, Abu Shaghara and parts of King Faisal Road, with 3.3 km of collection lines.

The third zone includes marine outfalls and 55 inspection chambers, ranging from 15 to 20 metres in depth and up to 12 metres in diameter, ensuring efficient maintenance and safe operations.

The project is being delivered in two phases. The first phase, scheduled for completion by the end of 2026, covers areas including Al Nad, Abu Danig, Al Mahatta, Al Yarmook, King Abdulaziz Street and Abu Shaghara Tunnel. The second phase, expected in the first half of 2027, will extend coverage to additional districts and major roads such as King Faisal, Al Wahda and Wasit.

Micro-tunnelling accounts for 15 km of the project, compared to just 800 metres of open excavation, minimising disruption. A total of 5,267 GRP pipes, each 3 metres long and with a lifespan exceeding 50 years, have been installed. The system operates through gravity flow, directing water to pumping stations and then to the sea.

More than 651 workers contributed to the project, achieving two million safe working hours. Covering 4,000 hectares, the project reflects Sharjah’s commitment to resilient infrastructure capable of addressing climate change impacts and ensuring sustainable drainage services across the emirate.

(WAM)-


Emirates Driving Company today announced strong financial results for the first quarter of 2026, reflecting revenue growth, improved profitability, and a strong financial position compared to the same period in 2025.

The company’s total revenues increased to AED189 million in the first quarter of 2026 (Q1 2026), compared to AED167 million in Q1 2025, representing a growth of 13 percent percent.

Profitability indicators also showed solid improvement, with EBITDA rising to AED94 million in Q1 2026 from AED84 million in Q1 2025, marking a 12 percent increase.

Net profit reached AED75 million, compared to AED69 million in the same period last year, reflecting an 9 percent growth, driven by operational efficiencies and disciplined cost management.

Commenting on the results, Khaled Al Shemeili, Chief Executive Officer of Emirates Driving Company, said, “Our first-quarter results mark a strong start to 2026 and reaffirm the resilience of our business model in delivering sustainable growth amid ongoing geopolitical and economic shifts. We have continued to advance our strategy of evolving from a driver training provider into a fully integrated mobility platform, supported by targeted investments and strategic partnerships. We remain focused on enhancing operational efficiency, expanding our service offering, and leveraging digital transformation across the UAE mobility sector to drive long-term sustainable value.”

Dr. Ahmed Odeh, Chief Financial Officer of EDC, said, “We achieved strong growth in profitability and cash flow during the first quarter of 2026, reflecting the strength of our financial position and disciplined cost management. We remain committed to delivering sustainable returns to shareholders while maintaining the financial flexibility required to support our expansion plans throughout the year.”

(WAM)-


ADNOC Logistics & Services plc has taken delivery of its sixth 175,000 m³ new-build LNG carrier from Jiangnan Shipyard in China.

The addition of this vessel further strengthens ADNOC L&S’ role in enabling the reliable movement of energy across global markets.

The vessel is part of a US$1.2 billion LNG fleet order placed in 2022, supporting the expansion and modernisation of the company’s fleet to meet global market demand with enhanced efficiency.

Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said, “Each new carrier strengthens our ability to reliably deliver energy and essential commodities across international routes, particularly at a time when supply chains are under pressure. We continue to expand our fleet capacity in close alignment with customer demand, seizing commercial opportunities while securing long-term earnings visibility. For our investors this translates into sustainable value creation and shareholder returns.”

A single 175,000 m³ LNG shipment contains approximately 1.1 TWh of energy, equivalent to the typical winter gas demand of around 100,000 households in Central Europe. LNG is a key component of supply resilience, supporting system balance during periods of peak demand.

ADNOC L&S has committed the majority of the additional LNG capacity under long-term contracts with third-party customers and ADNOC Group companies. Overall, some 60 percent of the revenue of ADNOC L&S and its AW Shipping joint venture is secured through long-term contracts. This prudent commercial strategy ensures that additional capacity translates into top-line revenue growth and an enhanced earnings profile.

The expansion of the company’s shipping capacity is aligned with the Group’s overall growth, supporting its downstream operations while reinforcing the UAE’s role in the global energy supply chain.

The naming and delivering ceremony of the new carrier, which was named "Al Taweelah", was held at Jiangnan Shipyard in Shanghai, in the presence of Muna Mussa, Manager of General Services at ADNOC L&S.

Equipped with advanced energy-efficient technologies, the new 175,000 m³ LNG vessels are designed to reduce methane emissions by up to 50% compared to older-generation technology. These features reinforce ADNOC L&S' commitment to operational efficiency, emissions reduction, improved cost performance and responsible energy transport.

ADNOC L&S continues to expand its global fleet to support customer demand for the reliable movement of energy and essential commodities. In addition to the six LNG carriers already delivered, the company has a strong pipeline of vessels under construction, including seven Very Large Ethane Carriers (VLECs) and four Very Large Ammonia Carriers (VLACs) from a $1.9 billion order placed in 2024 by AW Shipping, a joint venture with Wanhua Chemical Group.

In the same year, ADNOC L&S also ordered eight LNG carriers for approximately $2.5 billion from Samsung Heavy Industries and Hanwha Ocean, reinforcing its international growth trajectory.

(WAM)-


Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment and Chairperson of the Board of Directors of the National Agricultural Centre, witnessed the signing ceremony of a Memorandum of Understanding (MoU) between the National Agricultural Centre (NAC) and NRTC Group, a core subsidiary of Ghitha Holding PJSC and part of International Holding Company.

Signed during the Emirates Agriculture Conference and Exhibition 2026 at ADNEC Al Ain, this landmark agreement strengthens the nation’s food security ecosystem and will enhance local agricultural value chains, accelerating the integration of UAE-grown produce into mainstream retail and distribution networks.

It comes at a pivotal time as the United Arab Emirates continues to prioritise domestic production, supply chain resilience, and public-private collaboration as part of its long-term food security strategy.

The MoU outlines several priority areas of collaboration aimed at driving measurable impact across the value chain, including the development of dedicated retail spaces for certified local produce, the establishment of streamlined procurement, logistics, and distribution frameworks, and the implementation of training programmes to enhance grading, packaging, and quality standards. It also emphasises joint marketing and promotional campaigns under the “Sustainable Product” initiative.

Sultan Salem Al Shamsi, Director of the National Agricultural Centre, said, “This partnership represents a strategic milestone in advancing the UAE’s food security objectives. By connecting local producers with established distribution networks, we are strengthening the competitiveness, resilience, and sustainability of the national agricultural sector.”

This agreement contributes to building an integrated and sustainable national agricultural system based on empowering the Emirati farmer and making him an active partner in achieving food security for the country, by providing a stimulating production environment that adopts the latest technologies and links the outputs of national farms to the growing demand in the markets, in order to achieve the goals of the National Agricultural Center.

The collaboration reflects a broader national drive to future-proof food systems through innovation and localisation. By leveraging NRTC’s advanced logistics infrastructure and digital platforms, the partnership will create a seamless route to market for locally grown produce, ensuring consistent supply, enhanced traceability, and improved returns for farmers.

The agreement marks a natural evolution of NRTC’s expanding role in the UAE’s agricultural landscape. In recent years, the company has made targeted investments to build a fully integrated agri-supply chain that connects farmers directly with retailers and consumers.

Central to this is Mazraati, NRTC’s flagship initiative designed to empower local farmers by embedding their produce within its distribution ecosystem and enhancing market visibility.

NRTC has also further strengthened its position in recent months through the acquisition of Ripe Organic, Mahsool and Taaza, enhancing capabilities in procurement, traceability, and direct farm-to-market connectivity.

“Our journey, from Mazraati to key acquisitions has been focused on building an integrated, future-ready agri-supply chain. This MoU with NAC is a natural extension of that strategy, enabling us to further support local farmers while contributing to the UAE’s long-term food security ambitions,” added Mohammed Alrifai, CEO, NRTC Group.

Company Name : Iron And Steel for Mines and Quarries
ISIN Code : EGS102S1C014
Reuters Code : ISMQ.CA
Content :
The Board of Directors' decisions held on 27/04/2026.

The BoD Decisions (337 KB)

(WAM)-


Eurogulf Transformer FZE, a manufacturer of power and distribution transformers, has announced plans to expand its industrial facilities in Hamriyah Free Zone in Sharjah, with a new investment of nearly AED60 million.

The move will raise the company’s total investment in the free zone to around AED100 million, in response to growing regional demand for energy and infrastructure solutions.

The new expansion is designed to significantly strengthen production capacity within an integrated industrial complex covering a total of 350,000 square feet, more than two times the existing manufacturing footprint of 150,000 square feet.

The new facility will enable increased output of Power transformers and the development of higher-capacity up to 220 KV Voltage class, supporting the needs of power, industrial and marine projects. The company is also focusing on delivering specialised solutions tailored to local and regional market requirements.

Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, visited the new industrial facility, where he toured the production lines across various stages. The plant is equipped with advanced testing systems in line with international standards, covering both routine and specialised transformer testing.

During the visit, company officials outlined Eurogulf’s integrated manufacturing model, starting from design and development through to testing, installation and maintenance, as well as its future expansion plans aimed at meeting rising demand.

Al Mazrouei said Hamriyah Free Zone Authority will continue to provide advanced infrastructure and investor support, positioning HFZ as a preferred destination for industrial and logistics investments. He expressed pride in seeing more manufacturers placing their trust in the free zone as a base for their growth and expansion.

He added that Eurogulf Transformer’s expansion is a testament to the attractiveness of the free zone’s comprehensive operational environment, including modern infrastructure, efficient logistics and connectivity to ports and airports.

Al Mazrouei noted that the authority is embracing a long- term strategy to enhance its facilities and services in line with investor expectations while supporting their contribution to the national economy.

operations and benefit from the zone’s strategic location and proximity to regional and global markets.

The authority, he said, is committed to supporting long-term industrial development in the emirate by strengthening innovation and sustainability in manufacturing projects and building strategic partnerships with leading companies that contribute to economic diversification and job creation.

For his part, Michel Aziz, Managing Director of Eurogulf Transformer FZE, said the expansion is part of the company’s short- and long-term strategic vision to advance industrial growth in the UAE through the adoption of the latest technologies and equipment.

He explained that the new facility will specialise in the manufacture of high-voltage power transformers in the 132kV and 220kV classes, strengthening the company’s position in the high-voltage transformer segment and enhancing its ability to meet the requirements of large-scale energy projects across local and regional markets.

Michel Aziz added that the move is expected to increase the company’s production capacity two times higher than the existing capacity. He said the advantages offered by Hamriyah Free Zone, including advanced industrial infrastructure, integrated logistics and administrative services, and a strategic location linked to ports and airports, are key drivers supporting Eurogulf’s expansion plans.

He noted that this environment enables the company to efficiently reach regional and global markets and respond to the needs of its clients, which include government utilities, oil and gas companies, electrical contractors and energy sector operators.

He said Eurogulf is committed to delivering customised solutions tailored to client requirements, supported by advanced manufacturing systems and rigorous testing processes accredited by leading international laboratories. This approach, he added, ensures product reliability, high performance and long-term value while helping to reduce operational failures.

The new expansion is also expected to create additional employment opportunities. The company currently employs 256 staff and aims to further strengthen its capabilities to serve existing and future markets, including the UAE, GCC countries, Asia, Africa, the wider Middle East, the United States and the United Kingdom.

Eurogulf primarily targets the utilities and energy sectors, supporting electricity companies, transmission and distribution network operators and large-scale energy projects, thereby reinforcing its position as a specialised technical partner in this vital sector.

The company’s client portfolio includes several leading entities in the utilities and energy sectors, such as Sharjah Electricity, Water and Gas Authority (SEWA), Dubai Electricity and Water Authority (DEWA), Bahrain’s Electricity and Water Authority (EWA), Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (ADNOC), Sharjah National Oil Company (SNOC), and Saudi Electricity Company (SEC).

The expansion comes as Hamriyah Free Zone Authority continues to position itself as a key industrial hub supporting major energy and infrastructure projects while strengthening value chains linked to heavy industries in the UAE.

With the authority maintaining a competitive and investor-friendly business environment, companies operating in the free zone are increasingly seeking to expand their regional and global footprint, contributing to sustainable economic growth in the UAE and across the wider region.

(WAM)-


Shell plc has entered into a definitive agreement to acquire ARC Resources Ltd., an energy company focused on the Montney shale basin in British Columbia and Alberta, Canada, in a $16.4 billion deal.

The acquisition accelerates Shell’s strategy by adding 370 kboe/d1 immediately across liquids and gas leading to a 4% production CAGR2 through to 2030, compared to 2025.

A company press release said the deal increases Shell’s exposure to long-duration, low-cost and top quartile low carbon intensity shale gas and liquids production in Canada’s Montney basin, delivering value for decades.

(WAM)-


Japan plans to invest around 1 trillion yen by 2030 to develop a circular economy for recycling resources such as metals and plastics, according to an action plan compiled by the government.

The initiative, which would see investment sourced from both the public and private sectors, also aims to reduce Japan's reliance on overseas resources and contribute to the country's economic security.

"By concentrating policy resources, we will identify a winning strategy for Japan," Chief Cabinet Secretary Minoru Kihara said as quoted by Kyodo News.

The government will incorporate the action plan, which sets supply targets for each material by 2030, into its key economic policy guideline and growth strategy.

According to the plan, around 30% of the domestic production of permanent magnets using rare earth elements should come from recycled materials. For plastic products such as PET bottles, it calls for mandating a certain percentage of recycled materials by fiscal 2028.

(WAM)-

China's wholesale and retail sectors posted steady growth in the first quarter of 2026, providing solid support for building a strong domestic market, the Ministry of Commerce said.

From January to March, the added value of China's wholesale and retail trade grew 4.1% year on year to 3.5 trillion yuan (about US$510.4 billion), accounting for 10.5% of the country's gross domestic product, according to the ministry.

In the wholesale sector, the transaction volume of key commodity markets monitored by the ministry rose 8.6% year on year in the first quarter. Among them, transaction volumes in markets for production materials and industrial consumer goods increased 16.1% and 10.7%, respectively.

In the retail sector, retail sales of goods reached 11.3 trillion yuan in the first quarter, up 2.2% year on year, the ministry said.

Online retail also maintained rapid growth in rural areas. In the first quarter, online retail sales in rural areas rose 11% year on year, while online retail sales of agricultural products increased 14.7%.

(WAM)-


Canadian Prime Minister Mark Carney has announced his plan to create Canada's first national sovereign wealth fund—the Canada Strong Fund.

The "Canada Strong Fund" will serve as an investment vehicle to finance major projects of national interest and will work in partnership with the private sector, Carney said.

Through an initial federal contribution of $25 billion, the Fund will strategically invest, alongside the private sector, in Canadian projects and companies driving our economic transformation. This includes projects in clean and conventional energy, critical minerals, agriculture, and infrastructure.

''The returns will be reinvested to grow the Canada Strong Fund, strengthening its capacity over time. As the Fund grows, it will direct capital toward investments with the highest potential return for Canada and Canadians,'' he added.

In order to allow people to contribute to the fund, the federal government will launch a "retail investment product" like a mutual fund or pension scheme where Canadians can buy into the fund and earn a dividend.

Issuer Name : Tamweel Securitization 2nd Iss 4th Pro Tranche B Dec 2028 VR
ISIN Code : EGB69781S379
Reuters Code : EGBTMSC2P4BC
Interest Type : Floating
Coupon Interest : 20.45%
Coupon Amount : EGP 1.6808219178
Coupon Number : 5
Coupon Date : 06/05/2026
Coupon Payment Date : 10/05/2026
Notes :
Bond Redemption: EGP 1.7647058824

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The Federal Authority for Nuclear Regulation (FANR), led by its Director-General, Christer Viktorsson, is participating in the International Conference on Effective Nuclear and Radiation Regulatory Systems, organised by the International Atomic Energy Agency (IAEA) in Vienna, Austria, which is being held from 27th to 30th April 2026.

The conference brings together global regulators and experts to strengthen nuclear and radiation regulatory systems, with a focus on competence, agility and international collaboration in addressing emerging challenges.

During the conference, FANR highlighted the UAE’s key milestones in building a robust, future-ready regulatory framework, including advancing national capacity through structured workforce development and international engagement, supported by initiatives such as the Emirates Nuclear and Radiation Academy (ENRA).

FANR also showcased an advanced and agile regulatory framework capable of addressing emerging technologies and evolving nuclear security challenges through risk-informed, adaptive approaches.

In addition, the Authority demonstrated progress in enhancing regulatory effectiveness through innovation and digital transformation, including modern tools to strengthen oversight and decision-making, as well as initiatives such as the Intelligent Operational Nuclear Safety System (IONS) to reinforce resilience. These efforts are complemented by strengthened international cooperation and leadership, contributing to global regulatory dialogue and shaping the international agenda across the pillars of competence, agility, and connection.

FANR also underscored the UAE’s leadership in initiating, for the first time, a global Call for Action following the 2023 conference in Abu Dhabi, shifting the focus from dialogue to practical implementation by enabling Member States to translate recommendations into real, tangible actions.

The initiative introduced a structured framework supported by a dedicated working group, action plans and implementation tools, and has since driven measurable progress across key areas, including leadership, regulatory agility, trust, and international collaboration and capacity building, with growing engagement and concrete submissions from Member States worldwide.

“FANR’s participation reflects the UAE’s continued commitment to strengthening nuclear and radiation regulatory systems through innovation, collaboration, and sustained capacity building. The progress achieved since the previous conference demonstrates the importance of translating dialogue into real actions that enhance regulatory effectiveness globally,” said Christer Viktorsson, Director-General of FANR.

The conference serves as a key international platform for advancing regulatory approaches and fostering collaboration among Member States to ensure the safe, secure, and sustainable use of nuclear and radiation technologies.

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NMDC Energy today announced its financial results for the first quarter of 2026, stating that it maintained operational continuity across all its projects as a result of integrated efforts, coordination with all relevant stakeholders, and the effective implementation of business continuity frameworks and risk management practices.

NMDC Energy delivered solid financial performance in the first three months of 2026, with revenues increasing 33 percent year-on-year to AED5 billion, driven by the continued execution of its robust project backlog. Net profit for Q1 2026 came at AED80 million, reflecting the Company’s prudent approach in light of the current regional environment.

The company’s backlog stood at AED35.3 billion, providing strong visibility on future revenues. UAE operations remained the primary contributor to revenues at 74 percent, while international markets accounted for 26 percent, reflecting a diversified revenue base.

The company closed the quarter with a cash balance of AED3.5 billion, reinforcing its liquidity position, financial resilience, and flexibility to navigate changing market conditions while pursuing future opportunities.

Mohamed Hamad Almehairi, Chairman of NMDC Energy, said, “The performance this quarter reflects the resilience of the UAE economy and the strength of its leadership in navigating a complex regional environment. The government’s proactive and coordinated approach has ensured stability, continuity, and confidence across key sectors, enabling companies like NMDC Energy to operate and continue contributing to the country’s long-term development priorities.”

Ahmed Salem Al Dhaheri, CEO of NMDC Energy, stated, “Our priority throughout the quarter was disciplined execution, operational continuity and financial prudence. We successfully maintained momentum across our projects and converted backlog into revenues despite a more challenging operating environment. This demonstrates the strength of our leadership, people, processes and long-term business fundamentals.”

Looking ahead, NMDC Energy continues to monitor regional developments closely and remains well-positioned for the remainder of the year, supported by a strong backlog; a healthy pipeline of projects, which reached AED67 billion at the end of the quarter; and proven execution capabilities, while maintaining operational readiness and continuing to align with the UAE’s long-term economic and energy priorities.

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Aldar Group recorded strong financial and operational results during the first quarter of 2026, with net profit after tax increasing 20 percent year-on-year (YoY) to AED2.3 billion, driven by the realisation of development revenue backlog and resilient earnings from a diversified, defensive investment properties portfolio.

Earnings per share for the Q1 2026 period increased 25 percent YoY to AED0.25.

The Group achieved sales of AED6.7 billion in Q1, with UAE sales contributing AED5.9 billion. Two projects launched in the UAE in early Q1 2026: The Wilds Residences in Dubai and Baccarat Residences Saadiyat in Abu Dhabi.

Sustained demand among international buyers, with UAE sales to overseas and expat resident customers reaching AED5.3 billion in Q1, representing 88 percent of total UAE sales.

In April, Aldar launched Yas Park Place. Sales reached over AED800 million, with 80 percent of units released sold in the first week, highlighting sustained confidence in Abu Dhabi’s real estate market.

Development revenue backlog rose to AED72.1 billion, including AED62.2 billion in the UAE, providing clear visibility on revenue recognition over the next three years.

Q1 landbank replenishment across the UAE with a Gross Development Value of AED61 billion, including strategic land plots in key Abu Dhabi destinations, and the expansion of the Dubai Holding joint venture.

Aldar Investment’s adjusted EBITDA rose 18 percent YoY to AED905 million, supported by high occupancy and contributions from strategic acquisitions. Assets under management rose to AED52 billion.

The income-generating property portfolio remained resilient, supported by long-term leases and growth in the commercial, retail, industrial and logistics segments. Acquisitions of The Link at Masdar City and logistics assets at KEZAD further enhanced the platform.

Develop-to-hold pipeline expanded by AED2.8 billion to AED20.1 billion through a partnership with the Department of Municipalities and Transport to deliver 9,000 value housing units for rent in Abu Dhabi.

Aldar's total available liquidity stood at AED33.2 billion at March-end, comprising AED13.9 billion in free and unrestricted cash and AED19.4 billion in committed undrawn bank facilities.

Aldar closed a US$1.0 billion (AED3.7 billion) public hybrid issuance in January, followed by a US$1.0 billion (AED3.7 billion) hybrid issuance to Apollo in February. An AED5 billion sustainability-linked committed revolving credit facility was completed in April, attracting strong demand from a broad group of regional and international banks.

In April, Aldar distributed a dividend of AED0.205 per share for 2025, representing a 10.8 percent YoY increase and a total payout of AED1.61 billion.

Mohamed Khalifa Al Mubarak, Chairman of Aldar, commented, “Abu Dhabi continues to demonstrate strong economic fundamentals, underpinned by policy clarity, long-term vision, and sustained investment across key sectors. The emirate’s resilience, coupled with its enduring global appeal as a destination to live, work, and invest, provides a solid foundation for continued growth.”

He added that Aldar’s Q1 performance demonstrates the strength of its business model, which has evolved over time to ensure it is well-positioned to navigate counter-cyclical pressures as well as unforeseen external events.

"The Group delivered robust earnings growth while benefiting from the defensive characteristics of a diversified platform. The record development backlog of AED72.1 billion, and a high-quality and growing base of recurring income assets now valued at AED52 billion, provide strong clarity for future income generation," he stated.

Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, stated, “The UAE economy continues to demonstrate remarkable resilience, supported by decisive leadership and a coordinated policy response, including measures to reinforce market stability and confidence."

He added that during Q1, revenue grew 12 percent to AED8.7 billion and net profit rose 20 percent year-on-year to AED2.3 billion, reflecting disciplined execution and the resilience of our diversified platform.

Al Dhiyebi stated, “Within Aldar Development, we continued to convert our record backlog into revenue. Underlying demand fundamentals remain robust, reaffirmed by the very successful recent launch at Yas Park Place. This supports our view that demand remains resilient for the right product, underpinned by a structurally undersupplied market in Abu Dhabi and strong long-term economic fundamentals."

Aldar Investment continues to demonstrate its value as a defensive earnings platform, supported by high occupancy and long-term lease structures. Contributions from recent acquisitions, coupled with firm rental rates, have driven growth, and further expansion will be delivered through a develop-to-hold pipeline, which has grown to reach AED20.1 billion.