Latest news with #IsraelIranTensions
CTV News
2 hours ago
- Politics
- CTV News
Former advisor warns U.S. strike on Iran 'almost unstoppable' within two weeks
Watch Fmr. State Dept. advisor Aaron David Miller weighs in on Israel-Iran tensions, and a possible U.S. strike within Trump's two-week window.
Yahoo
2 days ago
- Business
- Yahoo
National General Insurance (P.J.S.C.) And 2 Other Undiscovered Gems In Middle East Markets
As tensions between Israel and Iran escalate, most Gulf markets have turned red, with investors showing caution amid fears of regional instability. Despite this challenging environment, the search for undiscovered gems within Middle Eastern markets remains crucial, as these stocks can offer unique opportunities for diversification and growth potential in uncertain times. Name Debt To Equity Revenue Growth Earnings Growth Health Rating MOBI Industry 6.50% 5.60% 24.00% ★★★★★★ Alf Meem Yaa for Medical Supplies and Equipment NA 17.03% 18.37% ★★★★★★ Baazeem Trading 8.48% -2.02% -2.70% ★★★★★★ Sure Global Tech NA 11.95% 18.65% ★★★★★★ Saudi Azm for Communication and Information Technology 2.07% 16.18% 21.11% ★★★★★★ Nofoth Food Products NA 15.75% 27.63% ★★★★★★ National General Insurance (P.J.S.C.) NA 14.55% 29.05% ★★★★★☆ National Corporation for Tourism and Hotels 19.25% 0.67% 4.89% ★★★★☆☆ Waja 23.81% 98.44% 14.54% ★★★★☆☆ Saudi Chemical Holding 79.49% 16.57% 44.01% ★★★★☆☆ Click here to see the full list of 217 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener. Below we spotlight a couple of our favorites from our exclusive screener. Simply Wall St Value Rating: ★★★★★☆ Overview: National General Insurance Co. (P.J.S.C.) operates in the United Arab Emirates, focusing on underwriting life and general insurance as well as reinsurance, with a market capitalization of AED1.06 billion. Operations: NGI generates revenue primarily from its insurance segment, totaling AED869.21 million. The company experiences a segment adjustment of AED120.97 million. National General Insurance (NGI), a nimble player in the Middle East insurance sector, showcases robust financial health with no debt and a price-to-earnings ratio of 8x, which is attractive compared to the AE market's 12.1x. The company's earnings surged by 31.6% over the past year, outpacing the industry average of -9.4%. Recent earnings for Q1 2025 reported net income at AED 35.58 million, up from AED 30.32 million last year, with basic EPS rising to AED 0.22 from AED 0.18. Despite its volatile share price recently, NGI's high-quality non-cash earnings remain noteworthy. Delve into the full analysis health report here for a deeper understanding of National General Insurance (P.J.S.C.). Gain insights into National General Insurance (P.J.S.C.)'s past trends and performance with our Past report. Simply Wall St Value Rating: ★★★★★★ Overview: I.B.I. Investment House Ltd. is a publicly owned holding investment firm with approximately NIS 11 billion ($2.63 billion) in assets under management and a market capitalization of ₪3.06 billion, focusing on various financial services and investment activities. Operations: I.B.I. Investment House derives its revenue primarily from service, trade, and custody activities (₪329.32 million), alongside capital group operations (₪212.37 million) and alternative investment management (₪180.51 million). The company also generates income from pension and financial agencies (₪103.56 million) and issues and underwriting services (₪45.54 million). I.B.I. Investment House, a nimble player in the financial sector, showcases robust financial health with high-quality earnings and positive free cash flow. Despite its volatile share price recently, the firm's interest coverage is strong at 22.1 times EBIT. Over five years, IBI's debt to equity ratio improved from 30.9% to 22.9%, reflecting prudent financial management. Recent earnings reveal a revenue jump to ILS 331 million for Q1 2025 from ILS 221 million last year, though net income dipped slightly to ILS 31 million from ILS 39 million previously, indicating some pressure on margins amidst growth efforts. Click to explore a detailed breakdown of our findings in I.B.I. Investment House's health report. Learn about I.B.I. Investment House's historical performance. Simply Wall St Value Rating: ★★★★☆☆ Overview: Turpaz Industries Ltd operates in the development, production, marketing, and sale of scents across various regions including Israel, the Middle East, North America, Europe, Africa, and Asia with a market capitalization of ₪3.76 billion. Operations: Turpaz Industries generates revenue primarily from its Taste segment, contributing $154.47 million, followed by the Fragrance and Specialty Fine Ingredients segments at $35.26 million and $20.56 million, respectively. Turpaz Industries, a nimble player in the chemicals sector, has shown impressive earnings growth of 20.1% over the past year, outpacing the industry average of 5.3%. While its debt to equity ratio has improved significantly from 169.4% to 78.1% over five years, a net debt to equity ratio of 57.6% remains high but manageable due to strong EBIT coverage at 5.4 times interest payments. Recent results highlight robust sales growth from US$39 million to US$60 million and an increase in net income from US$3 million to US$4 million for Q1 2025, suggesting solid operational performance despite financial leverage challenges. Get an in-depth perspective on Turpaz Industries' performance by reading our health report here. Examine Turpaz Industries' past performance report to understand how it has performed in the past. Get an in-depth perspective on all 217 Middle Eastern Undiscovered Gems With Strong Fundamentals by using our screener here. Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include DFM:NGI TASE:IBI and TASE:TRPZ. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
CNA
3 days ago
- Politics
- CNA
Trump to host Pakistan's army chief for talks at White House
US President Donald Trump is expected to host Pakistan's army chief Asim Munir for talks at the White House later today, amid rising Israel-Iran tensions. Pakistan has condemned Israeli attacks on Iran, while expressing solidarity with its neighbour. Mr Munir's high-profile trip comes a month after India and Pakistan agreed to a ceasefire, which the US has claimed credit for. Hira Mustafa reports from Islamabad.
Reuters
3 days ago
- Business
- Reuters
Rupee little changed as inflows cushion pressure from elevated oil prices
MUMBAI, June 18 (Reuters) - The Indian rupee remained largely unchanged on Wednesday as pressure from elevated oil prices amid escalating Israel-Iran tensions offset mild foreign portfolio inflows, traders said. The rupee was at 86.3225 against the U.S. dollar as of 1:00 PM IST, down slightly from its close at 86.24 in the previous session. While the rupee opened weaker, it pared declines following dollar sales from at least two foreign banks, likely on behalf of custodial clients, a Mumbai-based bank trader said. Asian currencies were largely rangebound, save for the Philippine peso, that fell more than 1% with analysts pointing to vulnerability from elevated oil prices and a potential rate cut by the country's central bank. Oil prices have climbed more than 17% this month as tensions in the Middle East escalated. The Israel and Iran air war entered its sixth day on Wednesday with U.S. President Donald Trump calling for Iran's unconditional surrender. "A prolonged conflict in the Middle East could further hurt global risk sentiment," MUFG Bank said in a note, adding that geopolitical developments would continue to dominate FX moves across Asia. Asian equities were mostly lower on Wednesday reflecting the tepid risk appetite. India's benchmark equity indexes, the BSE Sensex (.BSESN), opens new tab and Nifty 50 (.NSEI), opens new tab, down about 0.3% each as well. Investors' focus is now on the U.S. Federal Reserve's policy decision, due later in the day. While the central bank is widely expected to maintain rates unchanged, investors will monitor changes to future policy rate projections and commentary from Chair Jerome Powell.
NHK
4 days ago
- Politics
- NHK
Japan PM Ishiba calls for diplomatic efforts to ease Middle East tensions
Japanese Prime Minister Ishiba Shigeru has called for diplomatic efforts to ease tensions between Israel and Iran. The leaders of the Group of Seven nations held discussions themed on global security at the G7 summit in Canada on Monday. The gathering came as Israel and Iran continued to exchange fire. Ishiba said Iran should never be allowed to develop nuclear weapons, and the G7 leaders confirmed the importance of resolving the nuclear issue through talks. Referring to the situation in the Gaza Strip, Ishiba indicated he will reiterate his call for all parties to return to the negotiation table and work toward a ceasefire. As for Russia's invasion of Ukraine, Ishiba pointed to the importance of the G7's unity to achieve a fair and lasting peace. The Japanese leader stressed the need for a framework to prevent future invasions, noting that the peace process will affect the entire international order. Ishiba explained Tokyo's plan to work with the other G7 members to continue support for Ukraine and sanctions against Russia. He expressed serious concerns about the deepening military ties between Russia and North Korea. The G7 leaders also shared concern that China is underpinning Moscow's ability to continue its attacks. Ishiba noted that he has held talks with many Asian leaders since he took office, and said the G7 should engage with the Indo-Pacific region and work together on various issues related to China. G7 leaders also expressed concerns about North Korea's progress toward nuclear and missile development. They agreed that they will continue to stay in close communication.
