Abu Dhabi – Mubasher: The profits of the satellite communications company Al Yah “Yahsat” fell by 19% during the first nine months of this year. The company’s profits amounted to 129 million dirhams ”at the end of the first nine months of 2022, compared to 159 million dirhams made in the same period of 2021. … Read more
Dubai – Mubasher: The volume of trade in electronics and home appliances in 2021 in the Emirate of Dubai reached 2.7 million tons, with a value of more than 347 billion dirhams. Dubai’s strong infrastructure enhances its commercial position to help meet local and regional sales demands for e-commerce platforms, according to Al Khaleej newspaper. … Read more
Cairo – Mubasher: The Ordinary General Assembly of Misr Aluminum Company approved the report of the board of directors and the financial statements for the last financial year. The company said today, Tuesday, in a statement to the Egyptian stock exchange, that the general meeting has decided to distribute a cash coupon to shareholders at … Read more
Cairo – Mubasher: Minister of Health and Population Khaled Abdel Ghaffar affirmed his full support for initiatives and programs that concern mental health and instill a culture of recovery from mental disorders and rehabilitation, which helps to improve the quality of citizens’ lives and to face the changes that occur in societies. This took place … Read more
Kuwait – Mubasher: The major Kuwait Stock Exchange indices began trading today, Sunday, with a decline in 7 sectors. At 09:30 Kuwait time, the main market index increased by 1.11%, the two main indices increased by 0.75% and the “general” marginally by 0.01%, while the first index the market fell 0.17% from last Thursday’s level. … Read more
Mahmoud Jamal – Mubasher: Most Gulf stock exchanges rose by the end of the first week of October, following the impact of rising global equity markets and oil price gains after the “OPEC Plus alliance” “agreed to cut supplies by reducing production targets by two million barrels per day. Oil prices, the main catalyst for … Read more
Abu Dhabi – Mubasher: the agency “S&P Global” said in a recent report The economic support plan aimed at the Central Bank of the Emirates helped the system during the period of the pandemic, limiting the increase in non-performing loans. According to the report, the economic environment began to improve thanks to rising oil prices … Read more
Cairo – Mubasher: The red color dominated the Egyptian stock market indices at the end of trading today, Sunday, affected by the sales of Arabs and foreigners.. Egypt’s EGX30 main stock market index fell 3.13 percent during today’s session, closing at 9,763 points, and the similarly weighted EGX70 medium and small business index fell 6.76 … Read more
Live – Iman Ghaly: the state of Kuwait’s holding of US Treasury bonds in July 2022 reached the highest level since the previous February (5 months ago); This is according to a US Treasury statement last Friday. Kuwait’s holdings in US Treasuries last July amounted to $ 49.4 billion, up 6.24% from the same month’s … Read more
Mubasher: The general performance of the Gulf exchanges various at the finish of modern session, pursuing the conclusion of the OPEC Additionally group to slash output to improve oil costs soon after their modern decrease. The Business of Petroleum Exporting Countries (OPEC) and its Russian-led allies, the so-called “OPEC Additionally” alliance, have agreed. on a … Read more