The US debt ceiling and oil are falling in most Gulf stock exchanges in a week… and Egypt is tweeting alone

2023-05-25 19:55:45 Mubasher – Mahmoud Jamal: Most of the Gulf stock exchanges declined significantly during the week’s trading, affected by the decline in global markets amid the stumbling of the US debt ceiling talks, in addition to the decline in oil prices in light of the conflicting positions of the OPEC + coalition on reducing … Read more

The Financial Supervisory Authority announces the end of the right and the subscription date for the capital increase of “Arab Dairy”

2023-05-23 12:59:54 Cairo – Mubasher: The Financial Supervisory Authority said that it has no objection to the Arab Dairy Products Company – Panda publishing an invitation to old shareholders to subscribe to shares to increase the issued capital. The Financial Supervisory Authority stated, in a statement today, Tuesday, that the number of the increase shares … Read more

UAE “Gulf Navigation”: accumulated losses constitute 52% of the capital

2023-05-17 06:01:17 Abu Dhabi – Mubasher: Gulf Navigation Holding Company announced that its accumulated losses amounted to 665.7 million dirhams, constituting 52.2 percent of its capital.. The company stated, in a statement, that the decrease in the revenues of all ships operating in the group due to the repercussions of the Corona pandemic, and the … Read more

Aldar Properties plans to issue the first dollar-denominated green sukuk

2023-05-16 10:53:56 Abu Dhabi – Mubasher: Aldar Properties Company in Abu Dhabi plans to issue the first dollar-denominated green sukuk, according to market conditions. A document revealed that a unit belonging to Aldar Properties assigned banks to arrange contact with international investors today, Tuesday, to be followed by a series of individual meetings with a … Read more

The castle turns to profitability and achieves 14.28 billion pounds in 2022

2023-05-14 06:22:46 Cairo – Mubasher: The consolidated financial statements of Qalaa Financial Consulting Company revealed, for the past year, the company’s transformation from losses to profitability, on an annual basis.. And the company stated in a statement to the Egyptian Stock Exchange, today, Sunday, that it achieved a net profit of 14.28 billion pounds during … Read more

Bloomberg: Building a book of orders to sell 10% of Telecom Egypt

2023-05-11 15:53:07 Sources revealed to Bloomberg that it is scheduled to close the order book for selling an additional 10% stake in Telecom Egypt later today, Thursday. According to the agency, the price range per share ranges from 22.22 to 27.16 pounds, while the number of shares offered is 170.7 million shares. It stated that … Read more

Profits of “Burjeel Holding” rose 45% in the first quarter

2023-05-09 11:39:42 Abu Dhabi – Mubasher: The profits of Burjeel Holding Company, which invests in the health sector in the UAE, increased by 45 percent during the first quarter of 2023. The company stated in a statement that its profits amounted to 118.8 million dirhams at the end of the first quarter of 2023, compared … Read more

UAE Tecom shares rose 1% after announcing its financial results

2023-05-03 06:28:03 Mohamed Shaker – Mubasher: The share of “Tecom Group”, which is listed on the Dubai Financial Market, rose at the beginning of today’s trading session, Wednesday, after announcing its financial results for the first quarter of this year. During today’s trading, by 10:16 am UAE time, the stock rose by 1 percent, reaching … Read more