Mexico City. After finishing a profitable first quarter of the year, the financial markets return from the long rest period for Easter with optimism and maintain their positive movements in the first day of April. At the opening of the American markets, the Mexican peso extends its winning streak against its US counterpart. The Mexican … Read more
Dubai – Mubasher: The Investment Corporation of Dubai and Brookfield signed an agreement today, Monday, with Olayan Financial and Lunit to sell 49 percent of their stake in the ICD Brookfield Place tower located in the Dubai Financial Center. Global. Upon completion of the agreement, Lunit, through one of its funds, and Olayan Financial Company … Read more
Mexico City. The Mexican peso resumed its gains against the dollar this Tuesday. Amid an increase in risk aversion due to geopolitical problems, pessimism about the cut in interest rates and the impact on inflation due to high oil prices, investors remained cautious. Given the weakness of the dollar internationally, the Mexican currency appreciated 0.42 … Read more
After gold recorded a record level of $2,305.04, on Thursday, April 4, 2024, and the yellow metal has increased 2.6 percent since the beginning of the week, and American gold futures contracts rose 0.1 percent to $2,310.40, so when will the price of an ounce of gold reach $3,000? The successive rises in the price … Read more
Gold prices rose to a new record high on Tuesday as demand from trend-setting investment funds offset a stronger dollar and the prospect of higher US interest rates remaining longer. Gold rose in spot trading by 0.5 percent to $2,262.51 per ounce, after reaching its highest levels ever at $2,266.59. The yellow metal reached unprecedented … Read more
Riyadh – Mubasher: Fawaz Abdulaziz Al Hokair and Partners Company (Synomy Retail) turned to losses during 2023 on an annual basis. According to the company’s financial statements, issued on the Tadawul website today, Sunday, net losses amounted to 1.11 billion riyals, compared to profits amounting to 36.9 million riyals during the year 2022. The company … Read more
In a strategic move aimed at maintaining its dominance in the fast-changing artificial intelligence (AI) landscape, Amazon announced it is investing an additional $2.75 billion in AI startup Anthropic. This new capital injection adds to Amazon’s initial $1.25 billion investment in Anthropic in September, bringing the total commitment to $4 billion. The move underscores Amazon’s … Read more
Written by Hani Al-Houti Friday, March 15, 2024 04:00 PM The prices of most foreign currencies fell against the Egyptian pound, in Egyptian banks, a week after the Central Bank’s decision to implement a flexible exchange rate system, and according to the average exchange rates of currencies against the Egyptian pound in… central bankto retreat … Read more
In light of the slight and sudden increase in the inflation rate in the United States during the month of February, new challenges emerge before the US economy and President Joe Biden, at a time when increasing inflation is considered a possible indicator of a delay in lowering interest rates, which may negatively affect growth … Read more
Dubai – Mubasher: The subscription period for “Parkin” shares on the Dubai Financial Market ends tomorrow, Tuesday, for individual investors in the UAE. According to company data, the subscription period for “Parkin” shares on the Dubai Financial Market for qualified investors continues until March 13. Each subscriber in the first tranche is guaranteed a minimum … Read more