Abu Dhabi – Mubasher: Sources said that the total requests in the initial public offering of the Petrochemical Company, Borouge, exceeded 150 billion dirhams, with coverage of 21 times by the end of the third day of the offering, according to what was published by Al Arabiya channel. It is noteworthy that the subscription remains … Read more
Dubai – Mubasher: Shafeeq Abdel Hamid, Chairman of the Board of Directors, said: “Drake and Scull“The company is currently in the process of focusing on obtaining the approval of the competent court to be able to implement the restructuring plan. He pointed out that the court decided to appoint an expert to review the validity … Read more
Abu Dhabi – Mubasher: Hazeem Al Suwaidi, CEO of Abu Dhabi Polymers Company Ltd “zodiac“The company intends to implement a strong dividend policy in order to achieve a return on shareholders from free distributable cash flows, while maintaining an investment grade credit profile, after listing on the Abu Dhabi Stock Exchange. Al-Suwaidi explained that the … Read more
Dubai – Mubasher: Emaar Properties’ profits increased by 241 percent during the first quarter of this year compared to the first quarter of 2021. In a statement to the Dubai Financial Market, the company indicated that its profits amounted to 2.239 One billion dirhams at the end of the first quarter of 2022, compared to … Read more
Abu Dhabi – Mubasher: Consumer demand for gold in the UAE increased by 36% in the first quarter of this year, to 14.5 tons, compared to 10.7 tons in the same period last year.. Consumer demand for gold in the UAE recorded 41.6 tons last year, the highest since 2018, according to data from the … Read more
Abu Dhabi – Mubasher: The UAE Ministry of Finance, in cooperation with the UAE Central Bank, issued government treasury bonds T-Bonds Denominated in the local currency, the dirham, with a benchmark auction size of 1.5 billion dirhams. The exact date of the first auction, scheduled for May 2022, is expected to be announced soon, according … Read more
Cairo – Mubasher: The performance of the Egyptian Stock Exchange indices varied at the end of Sunday’s trading session, with the main index rising alone against the decline of the rest of the indices affected by local and foreign sales. The main index of the Egyptian Stock Exchange EGX30 rose during today’s session by 0.27 … Read more
Abu Dhabi – Mubasher: Etihad Airways CEO Tony Douglas said that the company was able to turn profitable during the first quarter of this year, expecting to achieve positive revenues for the whole of 2022.. He pointed out that despite the rise in costs during the coming months as a result of the increase in … Read more
Cairo – Mubasher: The Financial Supervisory Authority said that Expedition Investment, a company incorporated in accordance with the laws of the State of Mauritius in alliance with some investors, submitted today a letter regarding its intention to submit a non-binding purchase offer on the shares of the Arab Food Industries Company “Domty”. The statement of … Read more
Abu Dhabi – Mubasher: Mohammed Damaq, a credit analyst in charge of the banking sector for countries in the region with the international credit rating agency “S&P”, expected that bank credit in the UAE will grow this year after a relatively limited growth during the past two years.. Damaq said during a press conference, that … Read more