Abu Dhabi – Mubasher: The balance sheet of the UAE Central Bank exceeded 560 billion dirhams at the end of last February, to record the highest level in its history. The UAE Central stated that its balance sheet rose during the month of February, on a monthly basis, by 0.8 percent, to reach 564.25 billion … Read more
Muhammad Shaker – Mubasher: The UAE financial market indices declined at the end of today’s trading session, Thursday, amid expectations that interest rates will start to be cut by the third quarter of 2023. According to the data of the UAE financial markets, the Dubai Financial Market incurred losses amounting to 333 million dirhams, and … Read more
Saarbrücken/Frankfurt (Hesse) – The investigators rummaged through bundles of cash, kilos of gold and also found weapons: Frankfurt customs investigators broke up an underground bank in Saarland and executed three arrest warrants. The action on Wednesday morning was directed against operators of so-called “Hawala” shops. The system, which arose in the Middle Ages in the … Read more
Abu Dhabi – Mubasher: The Abu Dhabi Securities Market is witnessing today, Tuesday, the start of the subscription period for the shares of ADNOC Logistics and Services, a subsidiary of ADNOC, by offering 15% of its capital. Equivalent to 1109.8 million of its shares in the market. According to the data, the subscription targets 3 … Read more
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
The Teatro Libre de Chapinero inaugurated this weekend the sixth season of La Dama de Negroa horror production by the La Tropa Theater Corporation, whose staging has been performed for 28 years in a row in Mexico and 29 in England. With Robinson Díaz and Rafael Perrín as protagonists, it has been well received by … 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
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
pte20230504004 Company/economy, trade/services Slump in IPOs, debt securities and mergers forces Wall Street to cut jobs significantly Morgan Stanley: Institute has to cut many jobs (Photo: unsplash.com, Sven Piper) New York (pte004/04.05.2023/06:15) – The sharp drop in IPOs, debt securities and mergers is forcing major Wall Street banking institutions to make significant job cuts. After … Read more