Muhammad Shaker – Mubasher: UAE financial market indices declined at the end of the week’s trading, in light of data indicating that the cycle of reducing interest rates may not begin early, and tensions continuing to escalate in the Middle East region. According to data from the UAE financial markets, the Dubai Financial Market recorded … Read more
Abu Dhabi – Mubasher: Profit-taking operations continued to pressure the path of UAE financial market indices for the third session in a row. The Dubai Securities Market index fell by 0.46% to 4,082.34 points, with BMH Capital topping the list of decliners by 10% to 3.51 dirhams, Dubai National Insurance by 9.091% to 4.5 dirhams, … Read more
Noha Makram – Live- Gold prices rose today, Monday, to exceed the $2,050 level with improved investment appetite in safe haven assets resulting from escalating tensions in the Middle East and renewed bets on the Federal Reserve cutting interest rates early. The spot price of gold rose by 0.2% to $2,053.69 per ounce, at 04:35 … Read more
The bank states that from midnight to midnight, improvements will be made to the information technology (IT) systems of the “Citadele” bank, therefore during this time customers will not be able to make payments in the internet bank and mobile app, but payment cards and ATMs will work as usual. The bank also notes that … Read more
Cairo – Mubasher: Gold prices rose on the global stock market by 0.2 percent, at a value of $4, during the week’s trading ending yesterday evening, Friday, due to increasing fears of the escalation of the conflict in the Middle East region due to the air strikes on Yemen, which led to an increase in … Read more
It represents a price reduction of 20 basis points and applies to all terms, up to a maximum of 30 years. MyInvestor starting today it markets its fixed rate mortgages ‘Without Backpack’ at 3.49% TIN (3.70% APR), which represents a price reduction of 20 basis points, compared to the previous rate, which was 3.69% NIR … Read more
The break in the rise of interest rates of the euro zone is already being reflected in what banks charge for lending to their clients. In the case of mortgages, they are already experiencing their second consecutive month of declines, while in consumer loans, interest rates have been reduced to levels from a year ago. … Read more
Direct: The US Securities and Exchange Commission denied, on Tuesday, its approval of launching exchange-traded funds to invest in “Bitcoin,” following a post on its official account on the “X” platform that claimed it had adopted the expected procedure. Gary Gensler, head of the committee, said through his personal account in “X” that the authority’s … Read more
Noha Makram – Live – The majority of Asian markets rose on Tuesday, recovering from a selling wave witnessed in the previous session, with the Nikkei index recording its highest levels in 33 years on the back of gains in technology stocks. The index rose by 1.16% to close at its highest levels since March … Read more
Jakarta – The well-known British bank Barclays said it had carried out mass layoffs (PHK) of around 5,000 of its employees globally. Banks admitted that this step was taken to cut operational costs. Reporting from Reuters, Tuesday (9/1/2024), most of the cuts occurred in the bank’s service support unit, Barclays Execution Services or what is … Read more