UAE Banks Grant 11 Billion Dirhams in New Personal Financing in Q1 2023 Abu Dhabi – In the first quarter of this year, UAE banks provided 11 billion dirhams in new personal financing to individuals. The total balance of individual borrowing reached over 487 billion dirhams by the end of March, accounting for more than … Read more
Almost without realizing it, we are immersed in the month of June, which could mean the starting signal for our well-deserved summer vacation. It is the “desired” time of year to rest and enjoy everything we cannot do without vacations. Time to prepare to travel, disconnect and recharge batteries in that dream place throughout the … Read more
Mubasher: Oil prices fell sharply today, Monday, amid anticipation of the Federal Reserve meeting later this week. US oil futures fell by more than 4% to $67.39 a barrel. This comes at a time when Goldman Sachs has lowered its forecast for the price of oil again this year, with increasing supplies and fears of … Read more
Abu Dhabi – Mubasher: The Emirates Central Bank’s possession of gold increased to 17.413 billion dirhams at the end of last March, from 15.910 billion dirhams By the end of February 2023, an increase of 1.503 billion dirhams. The Emirates Central Bank’s possession of gold increased by 38 percent at the end of last March, … Read more
Fraud and cyberattacks to steal credit card information have grown considerably over the past decade. One of the most developed frauds today is the skimming o credit card cloning. According to a report by the consultancy Nilson Report, this method of fraud represents a loss of around 28 million dollars annually for consumers. Next, we … Read more
The map of explosions in Moscow and the Moscow region gives grounds to assert that there is no systemic air defense around the Russian capital. Russian journalists, politicians and bloggers were in a panic after a sudden raid of several dozen drones on Moscow and the Moscow region this morning. Analyzing the map of explosions … Read more
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
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