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
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