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
State Street and Charles Schwab have recently experienced a significant drop in deposits. The decrease in assets has been attributed to a variety of external factors, including the COVID-19 pandemic and current economic uncertainty. As two of the industry’s largest custodians, these developments raise important questions about the state of the financial market and the … 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
The fuel that powers the global economy is showing signs of an impending recession. The volatile energy sector, which is the key driver of economic growth and development, has been hit by a series of factors that threaten to derail the global economy. From declining demand for crude oil and natural gas to the COVID-19 … Read more
Bank of Ireland has recently admitted to making an error in transferring over KBC mortgages, causing confusion and concern among affected customers. The issue arose after Bank of Ireland acquired KBC Bank Ireland’s performing loan portfolio earlier this year. This unexpected turn of events has left many KBC mortgage holders uncertain about the future of … 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
As the world continues to grapple with the ongoing coronavirus pandemic and the upcoming US presidential election, Tuesday proved to be a day of significant developments on multiple fronts. From political turmoil to breakthrough scientific progress, a lot transpired in just 24 hours. In this article, we will delve into the major events of the … Read more
Colm Kelleher, a Corkman with a relentless work ethic and a strategic mindset, played a pivotal role in one of the biggest bank deals in history. Most people were unaware of the countless hours of preparation and hard work that went into making the deal possible. This behind-the-scenes story sheds light on Kelleher’s secret preparations … Read more