telecom

Muhammad Shaker – Mubasher: The UAE financial market indices declined at the end of today’s trading session, Thursday, amid expectations that interest rates will start to be cut by the third quarter of 2023. According to the data of the UAE financial markets, the Dubai Financial Market incurred losses amounting to 333 million dirhams, and … Read more

Abu Dhabi – Mubasher: The Abu Dhabi Securities Market is witnessing today, Tuesday, the start of the subscription period for the shares of ADNOC Logistics and Services, a subsidiary of ADNOC, by offering 15% of its capital. Equivalent to 1109.8 million of its shares in the market. According to the data, the subscription targets 3 … Read more

Cairo – Mubasher: The consolidated financial statements of Qalaa Financial Consulting Company revealed, for the past year, the company’s transformation from losses to profitability, on an annual basis.. And the company stated in a statement to the Egyptian Stock Exchange, today, Sunday, that it achieved a net profit of 14.28 billion pounds during 2022, compared … Read more

Sources revealed to Bloomberg that it is scheduled to close the order book for selling an additional 10% stake in Telecom Egypt later today, Thursday. According to the agency, the price range per share ranges from 22.22 to 27.16 pounds, while the number of shares offered is 170.7 million shares. It stated that the 10% … Read more

Abu Dhabi – Mubasher: The Ducab Group contributes more than 6.6 billion dirhams to the UAE economy, and exports 60% of its products to more than 55 markets. It provides a wide range of world-class solutions for the energy sector, and employs more than 1,400 employees in its factories and offices. Ducab Group supplies grew … Read more

Mubasher: The decline dominated most of the global gold and oil prices, in addition to the US dollar index, during trading today, Tuesday, on the eve of the start of the crucial Federal Reserve meetings expected by investors in the world. And by 11:00 am GMT, Brent crude futures for July delivery were down 0.04%, … Read more

Dubai – Mubasher: The Dubai Energy Exchange announced that the actual delivery volumes of Oman crude oil increased by 18 percent in the first quarter of 2023, as it delivered 63.77 million barrels, compared to 54.01 million barrels in the same period of 2022. The stock market recorded a 9 percent increase in trading volume … Read more

Riyadh – Mubasher: The State of Japan received the first shipment of low-emission ammonia from Saudi Arabia, today, Friday, with plans to use it in co-burning alongside fossil fuels. to reduce carbon emissions. It is noteworthy that Japan, which lacks energy resources, wants to add hydrogen and ammonia to its energy mix, as it agreed … Read more