Dubai – Mubasher: Shuaa Capital announced that Jassim Al Siddiqi’s share has decreased to 21 percent of the company’s capital, which he indirectly owns. Shuaa indicated that this comes after he sold a share of 71.5 million shares through a private deal. The ownership of the former board member was around 25% before he announced … Read more
Dubai – Mubasher: Drake & Scull International said that the accumulated losses amounted to 5.261 billion dirhams, constituting 491 percent of its capital, amounting to 1.071 billion dirhams.The company stated in a statement that the main reasons that led to the accumulation of losses include existing works and contracts receivable in old projects in Oman, … Read more
Abu Dhabi – Mubasher: The UAE has entered strongly in the competition for the investment market in Africa, as foreign direct investment flows from the UAE to Africa amounted to about $59.4 billion between 2012 and 2022. The African website said that Africa has become one of the most important markets in the UAE, as … Read more
Egypt has restored natural gas supplies at its usual level to fertilizer factories, after it reduced it by about 20% for several days during the past two weeks to some urea-producing factories, according to 3 people from government agencies who spoke to East Economy. The reduction of gas to factories came as one of the … Read more
Mubasher: Oil prices rose at the settlement of trading today, Thursday, with market optimism that countries from the “OPEC +” alliance will extend implementation of decisions to voluntarily reduce crude production and exports, before their upcoming meeting. The Saudi Press Agency quoted an official source in the Ministry of Energy as saying that Saudi Arabia … Read more
Abu Dhabi – Mubasher: The International Holding Company announced that it achieved net profits during the first half of the year 2023, by about 10.4 billion dirhams, compared to profits of 10.35 billion dirhams in the first half of the year 2022. The company’s revenues rose to 28.7 billion dirhams in the first half, a … Read more
The declaration signed today emphasizes that it is extremely important for the Baltic States to act together in synchronization projects. “We have to keep in mind that we have a common enemy on the other side of the eastern borders, so the unwavering unity of the Baltic states is of decisive importance in the current … Read more
Abu Dhabi – Mubasher: The ENOC Group, the energy company, signed today, Wednesday, a strategic agreement with the Retired Military Association in Abu Dhabi to continue developing the fuel retail infrastructure in the UAE and contribute to meeting the growing energy needs. Under the agreement, ENOC will study between 40 and 60 strategic locations to … Read more
Doha – Mubasher: Qatar Stock Exchange closed trading today, Sunday, in green for the thirteenth session in a row, close to the level of 11,000 points, with the support of 3 sectors. The general index increased by 0.54%, to 10953.92 points, gaining 59.33 points from last Thursday’s level. The session witnessed an increase in 3 … Read more
Cairo – Mubasher: Telecom Egypt confirmed that it had not received any official offers regarding its stake in Vodafone Egypt. This came in a statement in response to the Egyptian Stock Exchange’s inquiries regarding what was published under the title (Qatar Investment implements the acquisition of a stake in Vodafone Egypt within two months). Telecom … Read more