Abu Qir Fertilizers shareholders approve distributing a cash coupon in 3 installments

2023-10-01 06:28:34 Cairo – Mubasher: The Ordinary General Assembly of Abu Qir Fertilizers and Chemical Industries Company approved the Board of Directors’ report and financial statements for the last fiscal year ending in June 2023. The company said in a statement to the Egyptian Stock Exchange on Sunday that the general assembly agreed to distribute … Read more

Two US Federal Reserve officials say it is likely to increase interest rates again

2023-09-23 18:17:15 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 … Read more

Quasi-cash deposits in the UAE rise 22% to 1.07 trillion dirhams by the end of July

2023-09-19 09:58:55 Abu Dhabi – Mubasher: Quasi-cash deposits in the UAE rose last July by 22 percent on an annual basis. According to data issued by the Central Bank of the Emirates, quasi-cash deposits reached 1.077 trillion dirhams last July, compared to 885.4 billion dirhams in July 2022, an increase equivalent to 191.7 billion dirhams. … Read more

Oil prices are expected to reach $100 before the end of the year

2023-09-16 20:29:02 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 … Read more

Bank deposits in the UAE grow by 7.7% in 7 months

2023-09-14 05:18:08 Abu Dhabi – Mubasher: Bank deposits in UAE banks increased by 0.5 percent last July, by 10.9 billion dirhams, or the equivalent of 351.6 million dirhams per day. A report issued by the UAE Central Bank indicated the growth of bank deposits in state banks during the first seven months of this year … Read more

The Federal Council unanimously gives the go-ahead for easier access to credit for older people

State chamber also for the school law package, amendment to the law on finds and changes in the penal code Vienna (PK) – From May it will be easier for older people to get a loan. Corresponding changes in the Mortgage and Real Estate Credit Act cleared the last parliamentary hurdle in the Bundesrat today. … Read more

Credit growth set at 14-15% in 2023

The State Bank of Vietnam continues to support credit to meet business capital needs, while taking inflation risks into account. >> BEV adjusts exchange rate fluctuation band to 5% >> New circular on money transfer abroad from Vietnam >> Key interest rates will be reduced from March 15 Directive No. 01 dated January 17, 2023 … Read more

27% increase in bank loans to SMEs at the expense of large companies in the 3rd quarter of 2022

BAlthough having received the largest envelope of new credits set up in the CEMAC area at 3e quarter of 2022, large companies see this envelope drop by 18.2%compared to the same period in 2021. Between July and September 2022, the volume of loans granted to SMEs by banks in the CEMAC zone (Cameroon, Congo, Gabon, … Read more