Cairo – Mubasher: The Ordinary General Assembly of Madinet Nasr for Housing and Development approved the report of the Board of Directors and the financial statements for the past year. The company said in a statement to the Egyptian Stock Exchange today, Wednesday, that the general assembly agreed to distribute a cash coupon to shareholders … Read more
Malik Salameh – directThe UAE’s holdings of US Treasury bonds decreased during the month of February 2023 by 0.61 percent on a monthly basis. The UAE’s holdings of bonds last February amounted to about $64.5 billion, compared to $64.9 billion in the previous month, according to the monthly report of the US Treasury Department. On … Read more
Abu Dhabi – Mubasher: Dubai courts ordered KPMG Lower Gulf to pay $231 million, equivalent to 848 million dirhams, to a group of investors who reported losing money due to the company’s poor quality audit of a fund they invested in, according to a report by the Financial Times. The ruling, issued in late March, … Read more
Abu Dhabi – Mubasher: The total foreign assets of the UAE Central Bank exceeded half a trillion dirhams at the end of last January, for the first time in its history. Statistics issued by the UAE Central Bank indicated that the foreign assets of the Central Bank increased on a monthly basis by 1.34%, from … Read more
Al-Marsad newspaper: The Board of Directors of the General Authority for Competition issued its decision approving taking procedures for investigation, research, collection of inferences and investigation, on companies: Company names Al-Safwa Cement, Al-Madina Cement, Umm Al-Qura Cement, Al-Jouf Cement, Qassim Cement, Najran Cement, Southern Province Cement, United Industrial Cement, Yamama Cement, Riyadh Cement (Saudi White … Read more
Abu Dhabi – Mubasher: The UAE Central Bank expected inflation to slow down during the current year 2023 to 3.2%, on the back of weak price increases in all categories, especially transportation, food and beverages. The Central Bank also expected in its recent report that inflation will remain on the rise, given that it is … Read more
Dubai – Mubasher: A report issued by EZDubai, the area entirely dedicated to e-commerce in Dubai South, expects the size of the e-commerce market in the Middle East and North Africa region to reach $57 billion in 2026, equivalent to a compound annual growth rate of 11% during the period from 2022 to 2026. According … Read more
Al-Marsad Newspaper: Eng. Amin Al-Nasser, President of Aramco, narrated the details of a brutal terrorist attack on Aramco facilities in Abqaiq and Khurais on September 14, 2019, at 3:30 in the morning, which stopped half of Saudi production. He said during an interview on the “Story of Promise” program: “At nine or ten o’clock at … Read more
Al-Marsad newspaper: The profits of Herfy Food Services Company, which operates a chain of fast food restaurants, decreased to 3.6 million riyals by the end of 2022, by 98%, compared to profits of 151.8 million riyals achieved during the same period in 2021. According to the Economic Arqaam website. The company said that the reason … Read more
Al-Marsad Newspaper: Riyadh Airlines announced, through its official website (the employment portal), the opening of applications (men/women) to fill more than 30 jobs for high school, diploma, and bachelor’s degrees, in various specializations, in Riyadh, according to the following details: Required Qualifications: – high school. Diploma. – BSC. – Masters. job opportunities: 1- Senior Manager … Read more