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
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
Abu Dhabi – Mubasher: The Abu Dhabi National Oil Company (ADNOC) intends to acquire a 24.9% stake in the Austrian energy and chemicals group “OMV” (OMV). The market value of the stake is around 3.8 billion euros ($4 billion), according to Bloomberg. The stake is owned by Mubadala Investment Company, one of the sovereign funds … Read more
Abu Dhabi – Mubasher: The subsidiaries of the Emirates Telecommunications Group signed e& A binding agreement with “Bispin Global”, a cloud computing management and solutions provider based in South Korea, to implement a joint venture under the name Bespin Global MEA I have e& institutions. The group said in a statement that the project focuses … Read more
Abu Dhabi – Mubasher: The Oil and Gas Holding Company announced its cooperation with AIQ, the artificial intelligence joint venture of the Abu Dhabi Oil Company (ADNOC) with G42, with the aim of employing artificial intelligence and digital solutions in search and exploration operations. Under this partnership, the Oil and Gas Holding Company will benefit … Read more
Abu Dhabi – Mubasher: The UAE Purchasing Managers’ Index (PMI) of S&P Global declined last November by 2.2 points, to 54.4 points, compared to 56.6 points in October.. The index remained above the 50.0 level that separates growth from contraction, but nevertheless hit its lowest level since the beginning of the year, according to a … Read more
Abu Dhabi – Mubasher: Emirates SkyCargo has announced the addition of the United Kingdom to Emirates Deliveries“Express international e-commerce shipping service. Thousands of individuals and small businesses in the UAE have been using Emirates Delivers services for online shopping from retail outlets in the United States since the launch of the service in 2019, according … Read more
Malik Salameh – Mubasher: The share of “Taleem Holding” rose during the start of its second trading today, Wednesday, on the Dubai Stock Exchange. And by 10:57 am Emirates time, the share of “Taleem Holding” rose by about 2 percent, to a price of 2.6 dirhams. The newly listed stock on the Dubai financial market … Read more