Norway’s sovereign fund: $34 billion losses in 3 months

2023-10-24 19:03:29 Live: The Norwegian Central Bank announced on Tuesday that the sovereign fund’s revenues declined by 2.2% during the third quarter of this year, resulting in losses amounting to approximately $34 billion. The value of the losses of the Norwegian Government Global Pension Fund amounted to 374 billion kroner, equivalent to 34 billion dollars, … Read more

PHM Capital’s profits jump 145% in 9 months

2023-10-24 14:08:48 Dubai – Mubasher: BHM Capital Financial Services Company, listed on the Dubai Financial Market, achieved a growth in its profits during the first nine months of 2023, by 145 percent, to reach approximately 27 million dirhams. The company’s total assets increased by 18 percent at the end of the first nine months of … Read more

The inflation rate in Morocco rose 0.8 percent during September

2023-10-22 08:55:40 direct: Morocco witnessed a rise in the consumer price index inflation rate last September, by 0.8 percent, on a monthly basis. A statement by the Moroccan High Commission for Planning attributed the increase in the inflation rate in Morocco during the month; The food price index increased by 1.3 percent, and the non-food … Read more

Maqdam profits rise 11.7% in the third quarter

2023-10-22 04:57:33 Doha – Mubasher: Muqdam Holding Group’s profits increased during the third quarter of 2023 by about 10.67% on an annual basis; According to a statement by the Qatar Stock Exchange yesterday, Saturday. The company recorded a profit in the three months ending last September 30 of 7.26 million riyals, compared to 6.56 million … Read more

44% decline in the profits of the company of the richest man in the world in the third quarter

2023-10-19 07:59:28 Direct – Tesla’s profits fell in the third quarter, refuting Wall Street’s expectations, after the company reduced prices to maintain its dominance in the electric car market. Moreover, Tesla CEO Elon Musk dashed hopes that the new Cybertruck would quickly revive revenues, warning that it may take 18 months for it to become … Read more

Central Bank of Jordan: Excess liquidity rises by 12 million dinars

2023-10-18 13:34:36 direct: Excess liquidity at the Central Bank of Jordan increased by 12 million dinars, including funds deposited overnight in the deposit window. Surplus liquidity at the Central Bank of Jordan today, Wednesday, October 18, amounted to 3.697 billion dinars, compared to 3.685 billion dinars yesterday, Tuesday, October 17, including funds deposited overnight in … Read more

US bond yields rise to their highest level since 2006

2023-10-17 19:11:43 Direct: US Treasury bond yields continued to rise during Tuesday’s trading, driven by an assessment of the economic prospects in the United States and the possibilities of maintaining a monetary tightening policy for a long period. The yield on two-year Treasury bonds rose by more than 14 basis points to 5.239%, at 09:20 … Read more

$7.8 billion in remittances from expatriate workers in Kuwait abroad

2023-10-16 14:10:30 Live – Iman Ghaly: Official data showed a decline in the value of remittances from expatriate workers in the State of Kuwait abroad in the first half of 2023 by about 19.08% annually. The value of remittances from workers in Kuwait in the first six months of the current year amounted to 2.404 … Read more