Cairo – Mubasher: The consolidated financial statements of Qalaa Financial Consulting Company revealed, for the past year, the company’s transformation from losses to profitability, on an annual basis.. And the company stated in a statement to the Egyptian Stock Exchange, today, Sunday, that it achieved a net profit of 14.28 billion pounds during 2022, compared … Read more
Sources revealed to Bloomberg that it is scheduled to close the order book for selling an additional 10% stake in Telecom Egypt later today, Thursday. According to the agency, the price range per share ranges from 22.22 to 27.16 pounds, while the number of shares offered is 170.7 million shares. It stated that the 10% … Read more
Jakarta – The United States (US) is in the middle of a financial crisis, because a number of large banks there have gone bankrupt. So does it affect banking in Indonesia? Chief Economist of Bank Mandiri Andry Asmoro explained that until now the condition of Indonesian banks was still relatively protected from the impact of … Read more
Abu Dhabi – Mubasher: The Ducab Group contributes more than 6.6 billion dirhams to the UAE economy, and exports 60% of its products to more than 55 markets. It provides a wide range of world-class solutions for the energy sector, and employs more than 1,400 employees in its factories and offices. Ducab Group supplies grew … Read more
Mubasher: The Minister of Finance of the Lebanese caretaker government, Youssef Al-Khalil, appeared today, Friday, before the European judicial delegation that is visiting Lebanon for the third time since the beginning of this year to hear bankers as witnesses in European investigations taking place in France, Germany and Luxembourg regarding cases of financial corruption and … Read more
The chief executive officer of Eurobank, Fokion Karavias. Banks are expecting a decrease in demand for business loans, especially from small and medium-sized enterprises, in the second quarter of the year, as a result of the rise in interest rates and the increase in the cost of money, which discourages borrowing. This stems from a … Read more
Mubasher: The decline dominated most of the global gold and oil prices, in addition to the US dollar index, during trading today, Tuesday, on the eve of the start of the crucial Federal Reserve meetings expected by investors in the world. And by 11:00 am GMT, Brent crude futures for July delivery were down 0.04%, … Read more
Lenders may have been inundated with applications from young people regarding the My Home housing program, but that does not necessarily translate into numerous loan disbursements. Bank data show that out of a total of 20,000 applications filed for participation in the government’s bank loan subsidy program, those who fulfill the criteria number just 13,500. … Read more
Dubai – Mubasher: The Dubai Energy Exchange announced that the actual delivery volumes of Oman crude oil increased by 18 percent in the first quarter of 2023, as it delivered 63.77 million barrels, compared to 54.01 million barrels in the same period of 2022. The stock market recorded a 9 percent increase in trading volume … Read more
There are expectant investors. Waiting to see what finally happens with business resultsespecially with those of banks in spain and the ‘big tech’ in the US this week, and expectant by the conclusions that the Federal Reserve (Fed) and the European Central Bank (ECB) will reach next week. In this context of uncertainty, what is … Read more