US stocks open higher and are on track to record weekly gains

2023-11-17 15:21:20 Noha Makram – Live – The majority of US stocks opened higher today, Friday, adding to their strong gains during the week, against the backdrop of retail sales updates and a decline in oil, which Wall Street sees as signs of a slowdown in the economy. The S&P 500 index rose by approximately … Read more

The Dubai Stock Exchange gains 8.4 billion dirhams within a week

2023-11-17 12:10:40 Ahmed Al-Demerdash – Mubasher: UAE financial market indices rose at the end of the week’s trading, amid increasing investor bets that the Federal Reserve has reached the end of its monetary tightening cycle, putting pressure on the dollar and Treasury bond yields. According to UAE financial market data, the Dubai Financial Market recorded … Read more

Stability of the credit asset quality of Chinese commercial banks

2023-11-16 03:08:00 BEIJING, Nov. 16, 2023 (Xinhua) – Official data issued by the National Financial Regulatory Authority showed that the percentage of non-performing loans in commercial banks in China witnessed a decrease of 0.01 percentage point to reach 1.61 percent at the end of the third quarter compared to the previous quarter. The data indicated … Read more

US stocks rise on positive inflation data

2023-11-15 15:52:41 Noha Makram – Live – US stocks rose on Wednesday, as traders attempted to continue the previous session’s strong gains on the back of more positive inflation data. The Dow Jones Industrial Average rose by 145 points, or 0.4%, the S&P 500 rose by 0.5%, and the Nasdaq rose by the same amount. … Read more

Standard & Poor’s confirms Al Ahlia Insurance’s rating

2023-11-13 05:39:35 Kuwait – Mubasher: Standard & Poor’s Credit Ratings Agency confirmed the rating of Al-Ahlia Insurance Company at “A-” with a stable future outlook, which indicates the company’s financial strength and its ability to meet its financial obligations. According to a statement on the Kuwait Stock Exchange today, Monday, the future outlook reflects the … Read more

Employees’ Provident Fund: EPFO to run special recovery drive from December to February

2023-11-11 09:30:22 Hit by the increasing trend of slow recovery of dues from its subscribers, the Employees’ Provident Fund Organisation will initiate a special recovery drive for three months from December 2023 to February 2023 to augment recovery. “The increasing trend of slow recovery of arrears of provident fund and allied dues has been a … Read more

Financial and industrial stocks rise in the Muscat index

2023-11-06 10:57:16 direct: The main index of the Muscat Stock Exchange, “Muscat 30,” rose by 0.82 percent at the end of trading on Tuesday, closing at 4,560.94 points, gaining 36.97 points from its levels in yesterday’s session, Monday. Today, the financial and industrial sector indices rose. The former rose 0.69 percent, driven by a rise … Read more

The Impact of OSFI’s Turnaround on Mortgage Renewals: What You Need to Know

2023-11-04 08:00:00 It’s deplorable. The situation became clearer in mid-October. “Clarify” isn’t quite the right word. We should rather speak of a “turnaround” as spectacular as it was unexpected. Because the rules could not be said to be equivocal, they were applied uniformly by the entire industry. I touched on the subject briefly in a … Read more