AME Info, Abu Dhabi, United Arab Emirates, finance and economy briefs

Source: AME Info, Abu Dhabi, United Arab EmiratesSept.迷你倉 24--QATAR EXCHANGE IN A STUTTER MODE AHEAD OF EARNINGS SEASON: The QE 20 Index fell 1.02 percent to 9,697.49points on Tuesday, as shares declined across the board. United Development Company, the real estate firm which built the man-made island The Pearl Qatar, lost the most (off 2.17 percent at QR21.60). Qatar German Medical Co. closed 2.93 percent higher at QR15.89, finishing as a top gainer.ABU DHABI MARKET SHARES ADVANCE ACROSS THE BOARD: The ADX General Index advanced 0.32 percent, finishing at 3,828.43 points on Tuesday. The shares of International Fish Farming Holding Co. PJSC, known as Asmak (Arabic for fish) jumped 15 percent (limit up) to close at Dhs17.25. Earlier in the day, Asmak said it will hold its board of directors meeting on Monday, Sept. 30.ARABTEC GAINS ON JOINING FORCES WITH SAMSUNG ENGINEERING : The DFM General Index closed 0.25 percent higher at 2,716.16 points on Tuesday. Trading volumes remained high as 1.5bn shares worth Dhs1.6bn changed hands. Arabtec Holding advanced 1.60 percent, finishing at Dhs2.58. Earlier in the day, the UAE's biggest construction firm said it launched with South Korea conglomerate ("Chaebol", as Koreans call large multi-divisions entities) Samsung the new common firm Arabtec-Samsung-Engineering. The company will operate in the sectors oil, gas, power and related infrastructure projects,mini storagesaid both firms in a joint filing to the DFM. Arabtec-Samsung will be based in Abu Dhabi whereas the Emirati construction giant will hold 40 percent in it, while 40 percent is held by Samsung. The remaining 20 percent is owned by Tasameem Property Investment.ENTERPRISE QATAR OFFERS SMES 70 PERCENT SUBSIDISED CONSULTANCY SERVICES: Enterprise Qatar (EQ) has unveiled a new initiative, which offers 70 percent subsidised consultancy services to the entrepreneurs and SME community in the Gulf country, the Peninsula has reported. Under the Jadwa programme, consultancy services, specifically feasibility studies and support services are to be provided in cooperation with qualified professional service providers, EQ said. It targets two main categories; entrepreneurs in the idea stage and SMEs who are looking to expand or diversify their products and services, to help them develop sustainable businesses.BAHRAIN POSTS 5.3 PERCENT RISE IN GDP IN Q2: Bahrain's gross domestic product (GDP) rose 5.3 percent at constant prices and 8.5 percent at current prices for the second quarter of this year, Gulf Daily News has reported. The oil industry contributed 61.2 percent, while the other sectors contributed the rest, the report said.Copyright: ___ (c)2013 AME Info (Abu Dhabi, United Arab Emirates) Visit AME Info (Abu Dhabi, United Arab Emirates) at .ameinfo.com Distributed by MCT Information Services迷你倉