First Gulf Bank shares rise after results beat forecasts



Abu Dhabi's First Gulf Bank rose the most in more than two months after third quarter results beat analyst forecasts.

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The shares gained 3.5 per cent, the most since August 23, to Dh14.75.

Net income climbed to Dh920 million, compared with Dh848 million in the year earlier period. A consensus of analysts expected the lender to report a profit of Dh806 million.

The Abu Dhabi Securities Exchange General Index rose 0.4 per cent to 2456.54 points.

Financial stocks weighed on Dubai's index. Dubai Islamic Bank lost 0.5 per cent to Dh1.94 a share. Dubai Investments lost 0.5 per cent to 69 fils a share. Tamweel, an Islamic mortgage company, lost 1.1 per cent to 69 fils a share. The Dubai Financial Market General Index lost 0.2 per cent to 1357.10 points.

Elsewhere in the region, Kuwait's index lost 0.1 per cent to 5910.90 points. Bahrain's measure was unchanged at 1144.40 points. Oman's MSM 30 Index was little changed at 5543.84 points. Qatar's QE Index was flat at 8458.00. The Saudi Tadawul All-Share Index was little changed at 6132.25 points.

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Ep1: A recovery like no other- the unevenness of the economic recovery 

Ep2: PCR and jobs - the future of work - new trends and challenges 

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Moral education needed in a 'rapidly changing world'

Moral education lessons for young people is needed in a rapidly changing world, the head of the programme said.

Alanood Al Kaabi, head of programmes at the Education Affairs Office of the Crown Price Court - Abu Dhabi, said: "The Crown Price Court is fully behind this initiative and have already seen the curriculum succeed in empowering young people and providing them with the necessary tools to succeed in building the future of the nation at all levels.

"Moral education touches on every aspect and subject that children engage in.

"It is not just limited to science or maths but it is involved in all subjects and it is helping children to adapt to integral moral practises.

"The moral education programme has been designed to develop children holistically in a world being rapidly transformed by technology and globalisation."

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