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Burjeel Abu Dhabi : Watch for a new buy entryWeekly chart, the stock ADX:BURJEEL is on a downtrend since Nov. 2023. Yet no solid signal of a rebounce. However, it should start as soon as the price reaches the support level of 2.11. It can even be earlier at 2.17 as the technical indicator RSI is near "buy" zone. A close for 2 weeks below 2.11 should be a stop loss signal. So, the new Buy should be after a clear rebound from the support, then the targets will be 2.4, 2.6 and 2.8 extended to 3.10
ADX:BURJEEL
by snour
5
TRADING WITH TIME AND PRICEWe have a primary bear trend that ended the low at 0.501 in 681 weeks Total points moved = ( 6.91 - 0.501) = 6.409 x 100 = 640.9 pts Time = 681 weeks Price = 640.9 pts The trend from the 0.501 low is our focus where we see a projection of 252 weeks from 22/03/2020 forming a double bottom for a new bull cycle. On the daily timeframe we have the primary low on 22/03/2020 The first high occurred at 609 days and the correction has since formed two lows at 1086 and 1587 days. From the 609 days point 1597 is a Phi expansion of time. The 1086 time will also form a Phi expansion at 1758 days which coincides with the projected 252 weeks from the primary low. This low will be the take off point for the next bull cycle. Two conclusions from our projections are 1. Price will decline further to complete the low on the 1.06/0.969 level to complete the first lower degree wave 1 2. Price will advance higher from the low point in a wave 3 fashion advance, all long term entries should be adjusted for a buy and hold for at least 133 weeks from January 2025 Trade safe, good luck
DFM:DFM
by MENA-MARKETS-PRO
NMDC Energy (formerly NPCC) Secures $254.6m Contract from ADNOC Abu Dhabi, UAE: 15 July 2024 – NMDC Energy (formerly NPCC), a subsidiary of NMDC Group, has been awarded a $254.6 million contract by ADNOC Gas for the next phase of the Sales Gas Pipeline Network Enhancement Program (Estidama). The project, will involve the engineering, procurement, and construction (EPC) of a new pipeline and associated facilities. This awarded project is part of ADNOC Gas' broader Estidama program, which aims to upgrade and expand its natural gas pipeline network to more than 3,500 km, increasing gas delivery volumes to the northern UAE. The Estidama program includes several packages designed to increase the capacity and efficiency of ADNOC's gas distribution network. Ahmed Al Dhaheri, NMDC Energy CEO, said, “We look forward to continuing our long-standing partnership with ADNOC Gas through this project. It highlights our shared commitment to advancing the UAE’s energy infrastructure, ensuring a reliable and sustainable supply of natural gas across the emirates, and supporting the nation’s goals of achieving gas self-sufficiency. In addition, this project will not only strengthen the UAE's energy framework but also underscores our commitment to sustainable growth and the local economy, with a significant portion of the contract's value being reinvested within the UAE.” Last year, NMDC Energy (formerly NPCC), in a consortium with C.A.T. International Ltd., secured a contract on the earlier phase of the Estidama project. Valued at over $600 million, that contract includes the installation of 191 km of new sales gas pipelines, along with additional infrastructure such as nitrogen and water pipelines and a jump-over connection. This contract reinforces NMDC Energy's position as a leading EPC contractor in the energy sector, committed to delivering high-quality projects that drive the UAE's energy industry forward.
ADX:NMDCLong
by POWERFUL_TRADERS
NMDC Energy is now part of NMDC GroupFollowing our foundation in 1973, NMDC Energy established a large fabrication yard in Saadiyaat and a skilled offshore construction division. We went on to launch our offshore operations in 1978. Over time, we would regularly expand our service offering to ensure we could continually address the challenges faced by the energy sector. NMDC Energy is now part of NMDC Group, a collection of forward thinking companies dedicated to shaping the future and generating value for the sectors we operate in. We work in the UAE and across the globe, solving complex problems for leading businesses with cutting-edge EPC solutions.
ADX:NMDCLong
by POWERFUL_TRADERS
Innovative EPC Solutions to Complex Energy ChallengesFollowing our foundation in 1973, NMDC Energy established a large fabrication yard in Saadiyaat and a skilled offshore construction division. We went on to launch our offshore operations in 1978. Over time, we would regularly expand our service offering to ensure we could continually address the challenges faced by the energy sector. NMDC Energy is now part of NMDC Group, a collection of forward thinking companies dedicated to shaping the future and generating value for the sectors we operate in. We work in the UAE and across the globe, solving complex problems for leading businesses with cutting-edge EPC solutions.
ADX:NMDC
by POWERFUL_TRADERS
Cybersecurity and Fintech The raise follows the success of theirNemir Kirdar Article Talk Read Edit View history Tools Appearance hide Text Small Standard Large Width Standard Wide Color (beta) Automatic Light Dark From Wikipedia, the free encyclopedia Nemir Kirdar Born 28 October 1936 Kirkuk, Iraq Died 8 June 2020 (aged 83) Cap d'Antibes, France Education University of the Pacific (BSc Economics) Fordham University (MBA) Known for Founder, CEO and chairman of Investcorp Children Rena Kirdar Sindi Serra Kirdar Nemir Amin Kirdar (28 October 1936 – 8 June 2020) was an Iraqi banker, billionaire, businessman, financier and author. As a founding father of private equity, and an economic and cultural bridge-builder, he was the founder and CEO of Investcorp, a global alternative investment group that operates in Manama, New York, London, Abu Dhabi, Riyadh, Doha, and Singapore. He spent much of his life in London, and held British citizenship. He was of Iraqi Turkmen background from Kirkuk. Early life Kirdar was born in Kirkuk, Iraq, to the influential Turkmen Kirdar family, who were prominent in the politics of the late Ottoman Empire and interwar Iraq. He completed his primary education at Baghdad's Saadoun School, his secondary education at the Jesuit-run Baghdad College, and his initial university education at Robert College in Istanbul, initially studying engineering then switching to economics and liberal arts. He envisioned to pursue a political career in his native Iraq, but after a military coup overthrew the Iraqi monarchy in 1958, Kirdar left Iraq to the United States where his cousins lived. Having only completed three out of four years at Robert College, he had to find a new university that would accept him into the final year for an economics degree.
ADX:ICAPLong
by POWERFUL_TRADERS
Insurance Reinsurance The company was founded in 1857 as The Pearl Loan Company and operated from the Royal Oak public house opposite the Whitechapel Bell Foundry. It changed its name to The Pearl Assurance Company in 1914, when it moved to 252 High Holborn where it was based until moving its head office to Peterborough in 1989. In 1990, it was acquired by the Australian insurance group, AMP, and in 2003, Pearl, NPI and London Life Association were demerged from AMP to become part of Henderson Group. In 2005, the Pearl Group was bought from Henderson Group by Sun Capital Partners (a business in which Hugh Osmond is a leading partner) and TDR Capital. It acquired Resolution Life (including its Phoenix Assurance operations) in 2008. In 2009, the business was acquired by the Liberty Acquisition Holdings (International) Company (a vehicle controlled by billionaire Nicolas Berggruen), which subsequently renamed itself Pearl Group. In 2010, Pearl Group rebranded as Phoenix Group Holdings. In March 2014, the business sold Ignis Asset Management to Standard Life Investments, the asset management arm of Standard Life. In 2018, Phoenix Group agreed to acquire Standard Life Assurance from Standard Life Aberdeen for £2.9 billion. As part of the transaction Standard Life Aberdeen retained a stake in the combined group. In 2020, Phoenix completed the acquisition of fellow closed book specialist ReAssure Group from Swiss Re. In 2021, it was announced that Phoenix had acquired the rights to the Standard Life brand and had undertaken additional steps to simplify the relationship with Standard Life Aberdeen that had developed since the acquisition of the Standard Life business three years previously.
ADX:PHX
by POWERFUL_TRADERS
2