Telecom Egypt clarifies the fact that Qatar acquired its stake in Vodafone Egypt within two months

2023-07-30 07:58:13 Cairo – Mubasher: Telecom Egypt confirmed that it had not received any official offers regarding its stake in Vodafone Egypt. This came in a statement in response to the Egyptian Stock Exchange’s inquiries regarding what was published under the title (Qatar Investment implements the acquisition of a stake in Vodafone Egypt within two … Read more

The Federal Reserve’s decision drops gold, and the scarcity of supplies raises oil for the fifth week in a row

2023-07-29 08:17:27 Mubasher: Oil prices rose at the settlement of weekly transactions, recording gains for the fifth week in a row, amid optimism among investors that prices will continue to rise thanks to the recovery in demand and supply cuts. The appetite for risk in financial markets in general increased due to growing expectations that … Read more

The 16 emirates regionally in readiness for artificial intelligence

2023-07-17 11:21:24 Abu Dhabi – Mubasher: The UAE ranked 16th regionally on the Government Readiness Index for Artificial Intelligence 2020 of the Oxford Insights Foundation. A recent report prepared by the “Interregional Center for Strategic Analyzes” revealed that investment in artificial intelligence in the Middle East region amounted to about $320 billion, with the increasing … Read more

Agency: UAE Holding is in the process of buying two companies’ stake in ADNOC Pipes

2023-07-13 09:02:31 ABU DHABI – Mubasher: Informed sources said that BlackRock and KKR are close to concluding a deal to sell their multibillion-dollar stake in ADNOC’s oil pipeline network, and ADQ is the buyer. The sources indicated that the two companies are set to give up their combined stake of 40 percent to the holding … Read more

Governor of Central Bank of Lebanon Investigation: Riad Salameh and Allegations of Embezzlement, Money Laundering, and Illegal Enrichment

2023-07-12 19:51:58 Direct: The Governor of the Central Bank of Lebanon, Riad Salameh, underwent an investigation session in cases of embezzlement, money laundering and illegal enrichment before the first investigating judge in Beirut, Charbel Abu Samra, in the presence of his legal representative and the head of the Cases Authority in the Ministry of Justice, … Read more

Foreign investors are buying UAE shares for $13.2 million at the end of Tuesday’s session

2023-07-11 12:52:04 Malik Salameh – directThe net purchase of foreign shares in the UAE financial markets during trading today, Tuesday, reached a value of 48.43 million dirhams, equivalent to 13.2 million dollars. Foreign investors carried out purchases on Dubai and Abu Dhabi shares, at a value that exceeded 386.401 million dirhams, or about $105.28 million, … Read more