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
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
the date 4/8/2023 4:20:44 AM (MENAFN- Youm7) Buying a gaming laptop is not as simple as it seems, just because a laptop that offers top specs does not mean that it is a good gaming laptop, as a gaming laptop should also offer much more than just high-end hardware. Here are a few things you … 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
Dubai – Mubasher: A report issued by EZDubai, the area entirely dedicated to e-commerce in Dubai South, expects the size of the e-commerce market in the Middle East and North Africa region to reach $57 billion in 2026, equivalent to a compound annual growth rate of 11% during the period from 2022 to 2026. According … Read more
And Egypt and the Emirates are retreating Mubasher – Mahmoud Jamal: The Arab financial markets witnessed varying ups and downs at the end of the weekly trading, which coincided with the assertion of US Federal Reserve Chairman Jerome Powell, before Congress, that the Central Bank will likely have to increase interest rates more than expected … Read more
Abu Dhabi – Mubasher: A company is exploring AimcoCanadian Asset Management, investment opportunities and building relationships with the largest sovereign funds in Abu Dhabi and the world. Evan Sidal, CEO of the company, said that investing in the UAE is one of the attractive offers due to the local currency’s peg to the dollar, as … Read more
Mohamed Shaker – Mubasher: The UAE financial market indices declined at the end of the trading session on Monday, amid fears of continuing to raise interest rates. According to the data of the UAE financial markets, the Dubai and Abu Dhabi stock exchanges attracted a liquidity of 1.960 billion dirhams, distributed over 21,335 transactions. Dubai … Read more
The Czech koruna is historically the strongest against the Polish zloty, breaking the five-crown mark for the first time ever. For Czechs, this means cheaper purchases in Poland. It pays off the most for more expensive goods, such as household appliances, bathroom accessories or building materials. A TV Nova reporter also went shopping in Poland. … Read more
Muhammad Shaker – Mubasher: The UAE financial market indicators varied at the end of Monday’s trading session, with the Dubai Financial Market rising, while the Abu Dhabi Financial Market declined, before the release of US inflation data. According to the data of the UAE financial markets, the Dubai and Abu Dhabi stock exchanges attracted liquidity … Read more