The prices of electricity and gas have relatively stabilized on the energy exchange in recent weeks. According to Jiří Gavor, analyst at ENA and executive director of the Association of Independent Energy Suppliers (ANDE), they will not change much in the coming weeks. He expects that a megawatt hour (MWh) of electricity will cost around … Read more
Cairo – Mubasher: The Ordinary General Assembly of Madinet Nasr for Housing and Development approved the report of the Board of Directors and the financial statements for the past year. The company said in a statement to the Egyptian Stock Exchange today, Wednesday, that the general assembly agreed to distribute a cash coupon to shareholders … Read more
Malik Salameh – directThe UAE’s holdings of US Treasury bonds decreased during the month of February 2023 by 0.61 percent on a monthly basis. The UAE’s holdings of bonds last February amounted to about $64.5 billion, compared to $64.9 billion in the previous month, according to the monthly report of the US Treasury Department. On … Read more
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
According to the data of the office, the decrease in gas consumption is noticeable in every calendar month so far. The most significant difference was in January, when the Czechs reduced the use of gas by almost a fifth compared to the beginning of last year. In addition to the slightly warmer weather, the fact … Read more
Meralco has shared tips on how consumers can save on electricity costs over the Holy Week and Day of Valor holidays, as well as promoting electrical safety and energy efficiency. The company has promised its 7.6 million customers continued and stable electricity throughout the holidays, with its personnel ready to attend to any customer concerns … Read more
Fortunately, fears that there would be nothing to heat during the winter did not come true. It was not even necessary to limit production in industrial enterprises. The outage of Russian natural gas supplies has been replaced, and the continent has a record full gas reservoirs for this time of year. After last year’s sharp … 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