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

“Life Insurance Collection Campaign for Wiener Städtische, Uniqa Austria, Allianz Elementar, Nürnberger Versicherung, Generali, and FWU (Formerly Skandia) Versicherung Customers”

2023-05-08 10:33:00 Affected are consumers who took out classic or unit-linked life insurance between January 1, 1997 and December 31, 2006 with Wiener Städtische, Uniqa Austria, Allianz Elementar, Nürnberger Versicherung, Generali or FWU (formerly Skandia) Versicherung. In addition, people who have terminated their life insurance prematurely can take part in the collection campaign. 1683548750 #Life … 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

“The Tax Wedge: How Worker Salaries Are Impacted by OECD Country Taxes”

2023-04-28 05:03:54 The tax cost that a worker must pay as a percentage of their salary in member countries of the Organization for Economic Co-operation and Development (OECD) increased in 2022, according to a latest report from the agency. This means that today an average wage earner in the member countries is having to pay … Read more