Mubasher – Mahmoud Jamal: The global stock markets, and then the regional ones, have become a real test of steadfastness in the face of the repercussions of the disclosure of three bankruptcies in the United States of America in recent days for Silicon Valley Bank, Signature Bank and Silvergate Bank, due to the pressures on … Read more
Cairo – Mubasher: The Board of Directors of B Investments Holding Company proposed cash dividends to shareholders for last year’s profits, as well as other cash and free distributions after approving the lists for the first quarter of this year. The company stated in a statement to the Egyptian Stock Exchange today, Sunday, that the … Read more
Cairo – Mubasher: The financial indicators of the Abu Qir Fertilizers and Chemical Industries Company showed an increase in the company’s profits during the first half of the current fiscal year by 126 percent, on an annual basis. The company added, in a statement issued to the Egyptian Stock Exchange today, that it achieved a … Read more
(MENAFN– Al-Bayan) Emirates Global Aluminium, the largest industrial company in the UAE outside the oil and gas sector, major beverage producers, metal can manufacturers and waste management companies, announced yesterday the launch of the “Aluminium Recycling” alliance, which aims to bring about a gradual change in aluminum recycling processes in UAE. The launch of the … Read more
New York, USA (CNN) – Elon Musk’s legal team has summoned the head of the Public Investment Fund in Saudi Arabia, Yasser Al-Rumayyan, as part of the litigation over the Tesla CEO’s 2018 tweet and what he said he was considering taking the car company private. And he got funding to do it. Musk had … Read more
Abu Dhabi – Mubasher: The UAE Purchasing Managers’ Index of “S&P Global” company, during December 2022, decreased by 0.2 points to 54.2 points, compared to 54.4 points in November. The index posted a reading consistent with the long-term series average since August 2009, as the reading indicated a strong improvement in conditions for the non-oil … Read more
(CNN) — Bloomberg News said last week that billionaire Elon Musk became the first person to lose $200 billion of his wealth in history. She added that, according to the “Bloomberg” Billionaires Index, Musk’s wealth, CEO of “Tesla”, “SpaceX” and “Twitter”, amounted to $ 137 billion, and he is ranked second in the list of … Read more
Abu Dhabi – Mubasher: A company acquired “Easy is not“ Motorcycle Rental owns 70% of Cube Parking Management Company“. Cube Parking Management manages and organizes 9 vital parking lots using smart systems in this field, and is currently working on expanding the scope of its services in cooperation with the competent authorities to provide parking … Read more
Mohamed Shaker – Mubasher: Gold prices rose in the UAE during trading today, Tuesday, amid growing expectations that the US Federal Reserve will continue to raise interest rates to curb inflation.. During today’s trading, the price of 24 carat gold rose to 213.24 dirhams, “58.06 dollars,” from the price of 212.53 dirhams.. The price of … Read more
Abu Dhabi – Mubasher: The Central Bank of the Emirates issued new guidelines on countering money laundering and combating the financing of terrorism for licensed financial institutions in the insurance sector, which include insurance and reinsurance companies, agents and brokers. The new guidelines, which come into force immediately, contribute to the development of authorized financial … Read more