Live: Two officials at the US Federal Reserve explained that at least one more interest rate increase is possible, and that there is a need for high borrowing costs to continue for a longer period so that the bank can reduce inflation to return to its 2% target. Boston Federal Reserve Bank President Susan Collins … Read more
Noha Makram-Live- The Bank of Japan kept interest rates very accommodative on Friday and pledged to continue supporting the economy until inflation sustainably reaches its 2% target, indicating that it is in no rush to end its massive stimulus programme. Markets are focusing on the statements of Kazuo Ueda, Governor of the Bank of Japan, … Read more
Dubai – Mubasher: The value of trading of 27 brokerage companies operating in the Abu Dhabi and Dubai Financial Markets has recorded about 600 billion dirhams since the beginning of 2023. Brokerage companies’ trades were distributed at 467.9 billion dirhams, the value of trades in the Abu Dhabi market, and 136.5 billion dirhams in the … Read more
Live: Oil prices increased to their highest level during the year this week, continuing their rise, which strongly highlighted the possibility of returning to the level of $100 per barrel before the end of this year, according to the expectations of some analysts. Oil contracts have risen sharply this month so far, achieving the third … Read more
Noha Makram – Live – Oil prices rebounded on Thursday, as expectations of further cuts in crude oil production for the rest of 2023 outweighed fears of weak global growth and rising US inventories. The International Energy Agency said yesterday, Wednesday, that the Kingdom of Saudi Arabia and Russia’s continued reduction in their production will … Read more
Abu Dhabi – Mubasher: Abu Dhabi Future Energy “Masdar” – the largest clean energy producer in the United Arab Emirates – plans to double its capacity this year, helping to boost the country’s green potential ahead of a major climate conference. Mohammed Jameel Al Ramahi, CEO of the company – which manages projects from the … Read more
Abu Dhabi – Mubasher: The value of real estate transactions in the Emirate of Abu Dhabi since the beginning of this year has reached about 52.6 billion dirhams. According to the Dari platform of the Department of Municipalities and Transport in Abu Dhabi. The platform indicated that this was through implementing about 13.64 thousand sales … Read more
Abu Dhabi – Mubasher: ADNOC Gas, the global gas processing company, has signed an agreement to supply liquefied natural gas with PetroChina International Limited, a subsidiary of PetroChina Limited, one of the leading oil and gas producers and distributors in China. The company stated, in a statement, that the value of the agreement ranges from … Read more
Mubasher: By the end of trading today, Monday, gold prices headed towards a slight decline amid scant trading, supported by a slight decline in the dollar. There was little change in gold in spot transactions at $ 1939.61 an ounce, after it rose to the highest level in a month at $ 1952.79 on Friday. … Read more
Cairo – Omar Hassan: The US Federal Reserve left the door open to expectations regarding the fate of the interest rate during its next meeting in September, after its recent decision last July to raise interest rates by 25 basis points. The Fed mortgaged the fate of interest with the following economic data, on the … Read more