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

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

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