Arabia Cement’s profits in the second quarter of 2022 rise 34.3% with the support of associate companies

Riyadh – Mubasher: The financial results of the Arabian Cement Company, for the second quarter of 2022, revealed an increase in net profits by 34.33%, compared to the same quarter of 2021, in light of the increase in selling prices and the increase in the company’s share in the profits of associates. According to the … Read more

Consumer spending in the UAE grows by 22% in 6 months

Abu Dhabi – Mubasher: A report by Majid Al Futtaim showed a total increase in consumer spending in the UAE, by 22% during the period from January to June 2022, compared to the same period last year. Driven by an increase in retail spending by 16% and by 31% in non-retail sectors. According to the … Read more

Stock markets avoid the repercussions of global tensions and go higher.. for these reasons

Mahmoud Gamal – live: At the end of the week’s trading, most global stock markets ignored the repercussions of geopolitical concerns resulting from the visit of US House Speaker Nancy Pelosi to Taiwan, bringing its index to its highest level in nearly two months. Asian stock indices and US contracts rose during Friday’s trading, despite … Read more

Small and medium-sized banks’ interim results frequently predict that asset quality will remain stable and improving._Research_Institution_Express

Original title: Small and medium-sized banks’ interim results frequently predict that asset quality will remain stable and improving Data production: Gao Zhigang Before the intensive disclosure of the semi-annual reports of the listed banks, the small and medium-sized banks’ performance reports took the lead. Since July, 8 listed banks in Jiangsu and Zhejiang have taken … Read more

SODIC issues clarification regarding the price of the bid submitted to acquire Madinet Nasr Housing

Cairo – Mubasher: Sixth of October Development and Investment Company (SODIC) said that it is not in the process of reviewing the indicative purchase price offered by it to acquire the entire capital of Madinet Nasr for Housing and Development. In a statement to the Egyptian Stock Exchange today, Tuesday, the company denied what was … Read more

US banks reduce their profits during the first half of 2022 | Economy

Investors are increasingly concerned that the central bank will be forced to push the economy into a recession to curb rising prices. America’s Major Banks -JP Morgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs y Morgan Stanley- announced that they reduced their benefits in the first half of 2022 compared to the first … Read more

Madinet Nasr Housing responds to the offer of the Emirati Aldar and SODIC’s acquisition of its shares

Cairo – Mubasher: The Board of Directors of Madinet Nasr for Housing and Development discussed the letter received from the Sixth of October Development and Investment Company “SODIC” regarding the non-binding offer to acquire the entire capital of the company. The company explained, in a statement addressed to the Emirati Al Dar Company, which owns … Read more

In order to help her daughter go to college through the back door… The bank president “frauded 1.5 billion in loans” and was deceived into buying luxury goods | INTERNATIONAL | CTWANT

The head of the bank of Binzhou city, Shandong province, in mainland China, was sentenced to seven years in prison for defrauding loans. (Photo/Retrieved from NetEase News) In order to help his daughter enter a good university through the back door, a bank president in mainland China was defrauded by a man and embezzled bank … Read more