(Bloomberg) -- Dubai’s main equities index led losses in the Gulf after the city imposed fresh restrictions to contain the spread of the coronavirus. Banks in Kuwait advanced on potential resumption of dividend.The DFM General Index fell as much as 1.6% on Sunday before trimming the losses to 0.7% at close. The benchmarks in Saudi Arabia, Oman and Qatar also finished lower, while the main gauge in Kuwait rose the most in the region.Stocks in Dubai have risen the past few weeks on prospects for tourism and as a vaccination program in the United Arab Emirates picked up. But the emirate over the weekend announced that attendance at weddings, social events and private parties will be restricted to 10 people. Last week, it ordered hotels and restaurants to halt entertainment activities.In Kuwait, lenders including National Bank of Kuwait, Kuwait Finance House and Gulf Bank advanced after the central bank allowed lenders to distribute cash profit based on their 2020 financial results.MIDDLE EASTERN MARKETS:Dubai’s DFM index trimmed gains this year to 9%Emaar Properties -2%, Air Arabia -3.7%, Damac Properties -1.4%, Emaar Malls -1%, Emirates NBD -0.4%Kuwait’s Premier Market Index climbs 0.6%The “reassuring news” from the central bank is seen boosting confidence and leading to gains in the banking index in the near term, said Junaid Ansari, vice president of investment strategy and research at Kamco Investment Co.“We believe that dividends for 2020 are already factored in the current share prices of Kuwaiti banks, although the level of dividends would be critical for shareholders”“With 2020 profits expected to be much lower than 2019, we expect this to reflect in dividend announcements”In 2020, restrictions were imposed “if the banks dip into the liquidity and capital relaxations provided by the central bank,” said Jaap Meijer, head of equity research at Arqaam CapitalIf the lenders do not use any of the support, “then they would have been able to pay dividends”“Qatari banks have also been able to distribute dividends, even though pay-outs have been moderated”Equities gauges in Abu Dhabi and Bahrain rise less than 0.1%, while those in Saudi Arabia, Oman, Qatar, Egypt and Israel fall as much as 1.1%EARNINGS RELEASES:Almarai (ALMARAI AB) FY Profit 1.98b Riyals, +9.5% Y/y; Est. 2.04bSaudi Telecom (STC AB) FY Profit 11.09b Riyals, +3.9% Y/y; Est. 11.01bSabic Agri-Nutrients (SAFCO AB) FY Profit 1.29b Riyals, -12% Y/y; Est. 1.38bSaudi Kayan (KAYAN AB) FY Loss 784.7m Riyals, +23% Y/y; Est. Loss 833.1mHerfy Food (HERFY AB) FY Profit 53.6m Riyals, -73% Y/y; Est. 75.8mFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
High Covid-19 numbers and extreme cold weather are putting rough sleepers at serious risk – the government must act now
A new, 5,000 Syrian Lira bank note goes into circulation Sunday, the largest denomination in the country reeling from a decade of conflict and a crippling economic crisis. Syria’s currency has been on a downward spiral since the conflict began in 2011. The currency crash has sent prices of food and basic goods soaring.
2020 was a record year for initial public offerings (IPOs), with 480 companies going public on U.S. stock exchanges, and more stocks doubling in their first day of trading than ever before. 2021 is on track to be another huge year for IPOs, and some innovative companies making public market debuts could go on to deliver tremendous returns. With that in mind, we asked three Motley Fool contributors to profile a recent or upcoming IPO stock that looks primed to be a big winner.
It’s hard to care about bootprints sunk in soil 238,900 miles away as humanity suffers the combined burden of an unforgiving virus and a political unease.
According to a recent YouGov survey, 57% of Brits want to continue working from home – at least some of the time – after the pandemic. This is already having a major impact on the housing market. Rents in many London central neighbourhoods have dropped significantly over the last year as proximity to the office is no longer such a priority. Coastal towns and peaceful country villages have soared in popularity as #WFH has become standard practice. Now, new research reveals the sizeable savings renters can make by moving from the city centre to a well appointed suburb. The research by thinkmoney is based on the cost of renting a two-bed property rather than an individual room. By moving from Leeds city centre to Hosforth just five miles away, two-bed renters can save around £450 a month. By moving from central Manchester to Sale five miles away, they can save around £385. In Nottingham, Bristol and Birmingham, the savings come in at around £250 a month. Not surprisingly, the rare Londoner who can afford to rent a two-bed flat in the city centre would save thousands each month by moving to Welwyn Garden City in Hertfordshire, which is around a 45-minute train ride from Euston. It’s worth noting, though, that London’s astronomical average city centre rent of £4,302 is based on two-bed properties in W1. This neighbourhood is so central that your local shops would be on Oxford Street and your local pub would probably be in Soho. Jonny Sabinsky of think money said in response to the results: “Our research has uncovered the staggering savings Brits can make by moving just a few miles away, especially in the likes of London, Leeds and Manchester. “And with the downfall of the daily commute due to the pandemic, it feels like a no-brainer for people looking to make the move away from the city centre, or struggling to save for their new home.” Check out the savings in 10 major English cities below. Like what you see? How about some more R29 goodness, right here?Rent Is Still Dropping In These London AreasHow To Decorate Your Rented HomeThe Most (& Least) Affordable Places To Rent
Root’s superb showing in Galle moved him up to fourth in the list of his country’s highest Test run scorers.
Frank Lampard knows nothing less than a win will do today as Luton stand in between Chelsea and a place in the FA Cup fifth round. Five defeats in eight games have left Lampard under serious pressure, though Chelsea owner Roman Abramovich has given the manager the benefit of the doubt - for now, at least. Luton sit 13th in the Championship - eight points off the relegation zone, and nine off the playoffs - so this is something of a free hit for Nathan Jones’ Hatters.
The hashtag ‘Narnia’ was trending on social media as people shared images of their snowy neighbourhoods.
The South African Astronomical Observatory in Cape Town is the oldest permanent observatory in the southern hemisphere: it turned 200 in 2020.
Albert Einstein’s theory of general relativity profoundly changed our thinking about fundamental concepts in physics, such as space and time.
President Joe Biden is confronting the political risk that comes with grand ambition. As one of his first acts, Biden offered a sweeping immigration overhaul last week that would provide a path to U.S. citizenship for the estimated 11 million people who are in the United States illegally. It would also codify provisions wiping out some of President Donald Trump's signature hard-line policies, including trying to end existing, protected legal status for many immigrants brought to the U.S. as children and crackdowns on asylum rules.
Temperatures across the whole of the UK have dipped below freezing.
No matter your age, income level, or tax bracket, you'd probably love to see your IRS burden shrink. While paying taxes is unavoidable, there are some things you can do to lower your IRS bill. Each year, the IRS makes a host of tax credits and deductions available to filers.
A gay couple have been left terrified to hold hands or kiss in public after they were threatened and told to “die” by homophobic thugs.
A 15-year-old boy was beaten up and left in a coma in an upscale area of Paris on January 15, prompting a wave of outrage across France and abroad, with famous figures including footballer Antoine Griezmann and actor Omar Sy expressing their revulsion at the attack and concern for the victim. A video shared on social media shows the boy, identified only as Yuriy, being attacked by a mob of hooded men, who hit him repeatedly with a bat and then kicked him as he lay on the ground, in the Javel area in Paris’s 15th arrondissement (district), a middle-class residential neighbourhood along the river Seine.Yuriy was part of a group of friends walking home from school, his mother, Nataliya Kruchenyk, told news channel BFMTV. The others managed to run away, she said, but Yuriy fell over as he tried to flee and was left isolated as the mob attacked him and left him for dead.Police have launched an investigation into attempted intentional homicide.“They’d put him in a fire truck to take him to hospital when I arrived,” Kruchenyk told BFMTV. “He was in a horrible state. They’d cut his skull open, they broke his arm, a finger, his shoulder and his ribs.”Once he recovers, “we don’t know if he’ll be the same as he was before”, Kruchenyk continued. She called on witnesses to come forward so that “no more children have to go through what he suffered”.“He’s started to wake up a bit in hospital, but he’s very agitated,” Kruchenyk told Le Figaro daily. “The doctors say that’s normal. He’s still being intubated and still hasn’t been able to talk.”“The doctors are now relatively optimistic,” she continued. “God helps us despite everything.”Famous French people took to social media to express their outrage over the attack and best wishes for Yuriy.“Unbearable images,” Griezmann wrote on Twitter on Saturday. “Be strong, Yuriy, and get better.”“I wish you a strong recovery, Yuriy, and I’m thinking of you and yours,” Omar Sy, the star of Netflix crime drama Lupin, tweeted.“All my support to Yuriy and his family,” French basketball star Rudy Gobert tweeted. “Hitting someone over and over and when they’re on the ground only shows the attackers’ cowardice.”In Spain, former Real Madrid goalkeeper Iker Casillas tweeted: “What kind of shitty world is this?”Mounting concern over crime in ParisIt was an “incredibly savage attack”, Interior Minister Gérald Darmanin wrote on Twitter. The investigation must bring the “perpetrators of this filthy act” to justice, he continued, while expressing “support for the young boy and his family”.“Extremely shocked by the unspeakable attack on Yuriy,” tweeted socialist Paris Mayor Anne Hidalgo. “The people responsible must be found and brought to justice. All my support to him and his family.”Paris has seen mounting concern over crime over recent years. Figures from 2019 – before Covid-19 lockdowns confined people in their homes for much of 2020 – showed a 46 percent increase in battery and assault over the previous six years.Rachida Dati, mayor of the neighbouring 7th arrondissement with the right-wing Les Républicains (LR), was re-elected in last year’s mayoral elections in part by focusing on resurgent crime in the capital.Expressing support for Yuriy and his family, Dati tweeted that “this violence comes from a feeling of impunity” and that this is “the track record of the left in the Paris mayor’s office”, where Socialists have ruled since 2001.“We need a stronger police presence,” the 15th arrondissement’s LR Mayor Philippe Goujon told news TV station CNEWS.(FRANCE 24 with AFP)
The curfew, which is largely intended to target new, more infectious variants of COVID-19, went into effect at 9 pm and is one of the toughest moves yet to limit the spread of coronavirus in the Netherlands. Under the new rules only people with pressing needs including key workers and those with medical emergencies will be allowed to leave their homes between 9:00 p.m. and 4:30 a.m. local time and is expected to last until at least Feb. 9. Violators can be fined 95 euros ($115). Public broadcaster NOS said on Sunday (January 24) that nationwide, more than 3600 people were fined and 25 people were arrested, because they refused to go home or committed public violence.
A SpaceX Falcon 9 rocket will launch the Transporter-1 rideshare mission with dozens of satellites from Cape Canaveral on Sunday, Jan. 23, at 10 a.m. EST (1500 GMT). Watch it live!
Things might feel a little confusing.
The fast-food giant likely returned to modest global growth in the fourth quarter. But will that be good enough for investors?