18 WHEELS, a startup company in Finland Launched a prototype off-road ATV with up to 18 wheels, a new model for more efficient driving. The first prototype was tested in 2022. After that, the company used the data from the test to develop the structure of the entire car for about a year before officially … 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
Al-Marsad Newspaper: A citizen documented a video clip showing the launch of the first gas self-sale machine in the Kingdom, 100% Saudi-made, at Al-Drees station in Riyadh, Al-Raed neighborhood on King Abdullah Road, indicating that gas is available 24 hours a day. The citizen who documented the video on his mobile explained how to request … Read more
The novelty of the Russian automobile industry turned out to be far from what the manufacturer is trying to present it. The promoted Russian car UAZ “Hunter”, which is presented by the manufacturer (Ulyanovsk Automobile Plant) as an “off-road legend” and a “passionate hunter”, is actually a parody of a high-quality SUV. This is confirmed … 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
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
Mubasher: The Barakah First Company, affiliated to the joint venture between the Emirates Nuclear Energy Corporation and the Korean Electric Power Company (KEPCO), announced the completion of the refinancing of the Barakah Nuclear Power Plants, in cooperation with UAE financial institutions. The Barakah One Company, which is responsible for the financial and commercial aspects of … Read more