India invades global markets with a cheap Android phone

Khabarni – Lava revealed the specifications of its new phone, which was developed to be among the most expensive Android devices in terms of price compared to the specifications. The Lava X2 phone will have a body with dimensions (165/76/9) mm, weighing 192 g, and will be equipped with a 6.5-inch IPS LCD screen, display … Read more

Qatar Navigation’s general assembly approves the distribution of cash dividends

Doha – Mubasher: The Ordinary General Assembly approved Qatar Navigation Company The Board of Directors’ recommendation to distribute cash dividends of 30% of the nominal value of the share, at a rate of 0.3 Qatari riyals per share. And according to a statement to the Qatar Stock Exchange yesterday, the process of distributing profits will … Read more

Yanbu Cement profits fall 43.2% in 2021 due to a decline in selling prices

Riyadh – Mubasher: The financial results of Yanbu Cement Company revealed a 43.2% decline in net profits during 2021, compared to the previous year, in light of the decline in average selling prices. According to company data on Saudi Tadawul, today, Sunday, the net profit after zakat and tax fell to 159.56 million riyals, compared … Read more

China Evergrande Transfers Two Additional Construction Projects to State-owned Enterprises | Reuters

The company registration document revealed that China’s real estate developer, Evergrande Group of China, had transferred at least two additional construction projects to state-owned enterprises. The photo is the headquarters building of Evergrande China. Taken last September (2022 Archyde.com / Aly Song) [Hong Kong, 25th Archyde.com]–China’s real estate development giant, Evergrande Group of China, has … Read more

GlaxoSmithKline shareholders approve sale of £1.18 billion healthcare assets

Cairo – Mubasher: The Extraordinary General Assembly of GlaxoSmithKline approved, by 99.99% of the votes of the attending shareholders after excluding the main shareholder’s vote, the sale of movable consumer healthcare assets (not including real estate and machinery) and intangible assets. The company added, in a statement to the Egyptian Stock Exchange, today: “It is … Read more

China Evergrande Shares Rise Sharply, Chairman’s Willingness to Restructure Business | Reuters

 China Evergrande Group, a major Chinese real estate development company, is up sharply on the Hong Kong stock market on the 10th.While Chairman Xu Jiayin announced that he would fully resume housing construction in order to repay debt, he said he would not sell assets.The photograph is taken in Hong Kong last year 9 month … Read more

Dozens of listed companies step on Lei Hengda-related funds or accrue impairment | Debt | Epoch Times

[Epoch Times, February 1, 2022](Comprehensive report by The Epoch Times reporter Liu Yi) Mainland A-share listed companies have recently announced their 2021 performance forecasts.EvergrandeThe cash flow is difficult. According to a report by the Financial Associated Press on January 29, recently, companies including Quanzhu Co., Ltd., Jangho Group, Zhongheng Design, Wole Home Furnishing, Karen Co., … Read more

Xiaomi announces the Redmi Note 11 series

Xiaomi has announced the Redmi Note 11 series, continuing its popular line of budget phones that are selling in huge numbers in India and many other markets. There are four phones in total. But it distinguishes itself in a few specific areas. Each has what Xiaomi describes as a modern, flat-edge body that looks like … Read more