Live: The Central Bank of the Emirates announced that the lending interest rate will be raised by 75 basis points, as of tomorrow, Thursday. It is worth noting that the US Federal Reserve’s Open Market Committee decided to raise interest rates, today, Wednesday, by 75 basis points for the third time in a row, to … Read more
Malek Salama – Mubasher: The share of International Holding Company increased during mid-trading today, Wednesday, in conjunction with its efforts to acquire a stake in a Colombian company. By 1:30 pm UAE time, the “Al-Alameya Holding” share rose by 0.31 percent, to a price of 360 dirhams. A trading volume of 800,423 million shares, valued … Read more
Cairo – Mubasher: The red color dominated the Egyptian Stock Exchange indices at the end of trading today, Sunday, affected by the sales of Arabs and foreigners.. The main index of the Egyptian Stock Exchange EGX30 fell during today’s session by 3.13 percent, to close at 9,763 points, and the index of medium and small … Read more
Live – Iman Ghaly: The State of Kuwait’s possession of US Treasury bonds in July 2022 reached the highest level since the previous February (5 months ago); This is according to a statement by the US Treasury last Friday. Kuwait’s holding of US Treasury bonds last July amounted to $49.4 billion, an increase of 6.24% … Read more
Mubasher – Iman Ghaly: For the third consecutive month, the State of Qatar’s possession of US Treasury bonds continued to rise in July 2022, reaching the highest level since June of the previous year (13 months). According to the monthly report issued by the US Treasury, last Friday, Qatar’s possession last July amounted to $8.231 … Read more
Mubasher: The performance of the Gulf stock exchanges varied at the end of today’s session, after the OPEC Plus group’s decision to cut production to boost oil prices after their recent decline. The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, the so-called “OPEC Plus” alliance, have agreed. on a … Read more
Cairo – Mubasher: Telecom Egypt denied receiving any official offers to buy part of its stake in Vodafone Egypt. This came in a statement by the company, in response to what was published regarding the intention of the Qatari sovereign fund to negotiate the purchase of part of Telecom Egypt’s stake in Vodafone Egypt. Telecom … Read more
Abu Dhabi – Mubasher: The Abu Dhabi National Oil Company (ADNOC) announced today, Thursday, the export of the first shipment of low-carbon ammonia produced by the UAE to Germany. This is the first trial shipment of low-carbon ammonia to Germany, for Orbis, the global supplier of non-ferrous metals and one of the world’s largest copper … Read more