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
Mubasher: Oil prices rose at the settlement of weekly transactions, recording gains for the fifth week in a row, amid optimism among investors that prices will continue to rise thanks to the recovery in demand and supply cuts. The appetite for risk in financial markets in general increased due to growing expectations that large central … Read more
Abu Dhabi – Live: RAKBANK announced its highest semi-annual profit ever, amounting to 901 million dirhams, an increase of 71% compared to the first half of 2022, while total revenue increased year-on-year by 42% to 2.2 billion dirhams. Customer deposits rose to 49 billion dirhams, an increase of 19% year-on-year, with the share of current … Read more
Malik Salameh – Mubasher: UAE financial market indices rose at the end of trading today, Monday, amid investors’ expectations that the US Federal Reserve will stop raising interest rates during its meeting this week. According to the data of the UAE financial markets, the Abu Dhabi Stock Exchange achieved profits amounting to 25 billion dirhams, … Read more
Riyadh – Mubasher: The preliminary financial results of the Saudi Tadawul Group Holding Company “Tadawul Group” revealed that it recorded a decline in its net profits during the second quarter of 2023 by 23.6%, on an annual basis, while its net profits increased on a quarterly basis by 16%. The company stated, according to a … Read more
The rise in credit is becoming increasingly noticeable in the real estate sector. The granting of mortgages for the purchase of housing deepened its fall in May. In total, 33,398 loans of this type were registered, which represents a decrease of 24% in a year ago. The average amount of loans was also reduced, with … Read more
Mostafa Reda – Mubasher: Oil futures expanded their gains during trading today, Thursday, following expectations that global demand for crude would record a record level during the current year. And by 3:39 pm GMT, the price of futures contracts for “Nymex” crude for August delivery increased by 1.1 percent, to record a level of $ … Read more
Malik Salameh – directThe net purchase of foreign shares in the UAE financial markets during the first week of July 2023 amounted to 287 million dirhams, equivalent to 78 million dollars. After examining the market data, it becomes clear to us that foreign investors carried out purchases on Dubai and Abu Dhabi shares with a … Read more
(PLO)- A bank has just put up for sale nearly 400 properties as security for loans, most of which are real estate. In the context of the risk of bad debt increasing, many banks aggressively sell loans with discounts sometimes up to 70%-85%. However, the problem of finding buyers is not simple in this difficult … Read more
Malik Salameh – directThe net purchase of foreigners from stocks in the UAE financial markets during trading today, Thursday, amounted to 19.16 million dirhams, equivalent to 5.22 million dollars. Foreign investors carried out purchases on Dubai and Abu Dhabi shares at a value of more than 382.172 million dirhams, equivalent to 103 million dollars, compared … Read more