Mubasher: Gold prices stabilized during trading today, Wednesday, supported by expectations that the Federal Reserve has not yet finished the monetary tightening cycle. And by 09:35 am GMT, gold settled in spot transactions at $ 1903.50 an ounce. US gold futures also settled at $1935.60 an ounce. As for other precious metals, spot silver rose … Read more
Dubai, United Arab Emirates (CNN) – Social media activists circulated reports that the authorities in Zambia seized a private plane coming from Cairo Airport to Lusaka, carrying $5.7 million in cash, 602 pieces of suspected gold bars, and five pistols with 126 They shot, pointing to the aforementioned plane’s code “T7-ww”, amid speculation and questions … Read more
Dubai – Mubasher: Shuaa Capital announced that Jassim Al Siddiqi’s share has decreased to 21 percent of the company’s capital, which he indirectly owns. Shuaa indicated that this comes after he sold a share of 71.5 million shares through a private deal. The ownership of the former board member was around 25% before he announced … Read more
Jakarta – Passengers experience scary moments American Airlines who was frightened because the plane fell for 3 minutes as high as more than 4 km in the air. Oxygen masks scattered. Reported from Fox Business, Tuesday (15/8/2023) the scary moment was told by a University of Florida professor who took part in the flight. The … Read more
Dubai – Mubasher: Drake & Scull International said that the accumulated losses amounted to 5.261 billion dirhams, constituting 491 percent of its capital, amounting to 1.071 billion dirhams.The company stated in a statement that the main reasons that led to the accumulation of losses include existing works and contracts receivable in old projects in Oman, … Read more
Riyadh, Kingdom of Saudi Arabia: flynas, the national carrier and the leading low-cost airline in the world and the Middle East, and the Saudi Investment Recycling Company (SRIC), wholly owned by the Kingdom’s Public Investment Fund, announced the signing of a memorandum of understanding to explore partnership opportunities in the field of sustainability to enhance … Read more
Jakarta – When airlines are competing to be the best, there are airlines that need to be totally fixed. The poor quality airline is from Pakistan. The worst branded airline in the world is Pakistan International Airlines (PIA). This airline is called bad not without reason. Many unpleasant incidents occur in PIA flights. So many, … Read more
Abu Dhabi – Mubasher: The UAE has entered strongly in the competition for the investment market in Africa, as foreign direct investment flows from the UAE to Africa amounted to about $59.4 billion between 2012 and 2022. The African website said that Africa has become one of the most important markets in the UAE, as … Read more
Mubasher: Oil prices rose at the settlement of trading today, Thursday, with market optimism that countries from the “OPEC +” alliance will extend implementation of decisions to voluntarily reduce crude production and exports, before their upcoming meeting. The Saudi Press Agency quoted an official source in the Ministry of Energy as saying that Saudi Arabia … Read more
Abu Dhabi – Mubasher: The International Holding Company announced that it achieved net profits during the first half of the year 2023, by about 10.4 billion dirhams, compared to profits of 10.35 billion dirhams in the first half of the year 2022. The company’s revenues rose to 28.7 billion dirhams in the first half, a … Read more