Dubai – Mubasher: Economic indicators in the UAE showed that local companies have become far from being affected by the economic storms in other regions, despite the world’s going through major fluctuations after the Corona epidemic, which was followed by the inflation crisis. According to a report released on Wednesday, David Owen, a researcher at … Read more
Abu Dhabi – Mubasher: Purchasing Managers’ Index data issued by S&P Global indicated the growth of the non-oil producing sector in the UAE for the month of September. According to the index, strong new business growth continued to drive production and employment increases, and companies also faced relatively moderate price pressures, as input costs rose … Read more
Cairo – Mubasher: Minister of Health and Population Khaled Abdel Ghaffar received, on Sunday evening, the representative of the United Nations Children’s Fund (UNICEF) in Egypt, Mr. Jeremy Hopkins and his accompanying delegation, at the ministry’s general office. The minister praised the role of UNICEF in Egypt and its efforts to support the services provided … Read more
Live: The Minister of Finance in the caretaker government, Youssef Khalil, said that the Central Bank of Lebanon adopted an exchange rate of 15,000 pounds against the dollar instead of 1,507, equivalent to a 10-fold increase. This came during his speech to “Archyde.com” today, Wednesday, according to the Lebanese National News Agency. The minister described … Read more
Mubasher: Most of the Gulf financial markets recovered at the end of trading today, Tuesday, following the impact of their global counterparts, and the rise in oil prices, after the violent decline they experienced during the past two sessions. The general index of the Saudi market “TASI” rose by 0.99% to 11017.38 points, with the … Read more
Cairo – Mubasher: The general assembly of Alexandria Mineral Oils Company – AMOC approved the distribution of 710.32 million pounds, at 55 piasters per share, to shareholders for the fiscal year 2021-2022. The company explained in a statement to the Egypt Stock Exchange today, that it was decided to distribute the amount in two payments, … Read more
Doha – Mubasher: Qatar Energy Company announced the selection of Total Energy as its first partner in the expansion project of the North-South Field, which includes two giant liquefied natural gas production lines with a total capacity of 16 million tons per year. According to a statement by “Qatar Energy” yesterday, Sunday, the project will … Read more
Riyadh – Mubasher: The Bank of England announced today, Thursday, that it will raise the official interest rate to the highest level since 2008. The Bank’s Financial Policy Committee voted in favor of raising the interest rate from 1.75 percent to 2.25 percent, as part of the bank’s plans to rein in the rising inflation, … Read more