2023-04-25 12:11:00 Mubasher: The profits of 5 Emirati banks that have announced their quarterly profits so far amounted to 3.8 billion dirhams ($1.03 billion) during the first quarter of this year 2023.. The net profits of the five banks increased by 21.3%, or the equivalent of 668.5 million dirhams, compared to a net profit of … Read more
2023-04-19 07:58:22 Cairo – Mubasher: The Ordinary General Assembly of Madinet Nasr for Housing and Development approved the report of the Board of Directors and the financial statements for the past year. The company said in a statement to the Egyptian Stock Exchange today, Wednesday, that the general assembly agreed to distribute a cash coupon … Read more
Mubasher: The minutes of the Federal Reserve meeting showed that the repercussions of the US banking crisis are likely to push the economy towards recession during the current year. The minutes of last March’s meeting included discussions among Fed members about the potential repercussions of the collapse of Silicon Valley Bank and the subsequent turmoil … Read more
Mubasher: The Sultanate of Oman, represented by the Public Authority for Special Economic Zones and Free Zones, signed a memorandum of understanding with two Japanese companies, “Kobe Steel” and “Mitsui & Partners Ltd.”, to establish a reduced iron plant in the Special Economic Zone at Duqm. The Economic Authority stated, according to the Oman News … Read more
Abu Dhabi – Mubasher: The Central Bank of the Emirates said that the superiority of deposits over loans recorded at the end of last year, its highest level in seven years, with a difference of 341 billion dirhams in favor of deposits. And the bank stated in a report that the growth of deposits in … Read more
Kuwait – Mubasher: The General Assembly of the Gulf Group for Cables and Electrical Industries Company will discuss, on Wednesday, May 3, the Board of Directors’ proposal to distribute cash dividends of 60% of the nominal value of the share, or 60 fils per share, after offering treasury shares. And according to a statement by … Read more
Mubasher – Mustafa Reda: Gold futures prices rose in trading today, Monday, by more than 1 percent, with the decline of the dollar against major currencies, and the growing concerns about long-term inflation due to the rise in oil prices in global markets. The price of the yellow metal contracts for June delivery increased by … Read more
Abu Dhabi – Mubasher: The consumer price index in Dubai increased during February 2023 to 106.91 points, compared to January 2023, during which it scored 106.09 points. The annual inflation in the emirate rose to 4.9 percent as a result of the rise in the prices of 12 main spending groups: entertainment, sports and culture … Read more