Al-Marsad Newspaper: Standard Chartered Bank said Monday that Bitcoin, the largest cryptocurrency, could reach $100,000 by the end of 2024, and that the so-called “cryptocurrency winter” is over, according to Reuters. Jeff Kendrick, Director of Digital Asset Research at Standard Chartered, said in a note that Bitcoin could benefit from factors such as the recent … Read more
A prominent figure is slowly disappearing from the shareholder structure of Moneta Money Bank. Klaus Umek, a bon vivant and investment banker, got rid of almost half of his share in the bank in mid-April. The head of the activist fund Petrus Advisors, who in 2021 loudly protested the merger of Moneta and the banking … Read more
Riyadh – Mubasher: The State of Japan received the first shipment of low-emission ammonia from Saudi Arabia, today, Friday, with plans to use it in co-burning alongside fossil fuels. to reduce carbon emissions. It is noteworthy that Japan, which lacks energy resources, wants to add hydrogen and ammonia to its energy mix, as it agreed … Read more
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
EFinally the Austrian Raiffeisenbank International (RBI) is going on the offensive. The pressure from the public and the shareholders, which was built up primarily by Ukraine and most recently also by the European Central Bank, was too strong. The bank may part with its business in Russia. Now RBI boss Johann Strobl gave in to … 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
Jakarta – The Financial Services Authority (OJK) continues to monitor the performance of banks and insurance companies. Khurus is for the bank, according to the Chairman of the Board of Commissioners OJK Mahendra Siregar The problems facing banks in the United States and Europe are relatively limited to the Indonesian banking industry. This is because … 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