The Baltimore Ravens are bolstering themselves with a former Super Bowl winner: defensive end Jason-Pierre Paul, who last played with the Tampa Bay Buccaneers, has signed a one-year contract with the Ravens and is set to bolster the franchise’s pass rush. According to NFL insider Ian Rapoport, he can collect up to $5.5 million. Pierre-Paul was already in Baltimore for a workout in June, but the contract is only now in place. Most recently, the Ravens had several players placed on the injured reserve (IR) list and needed on the defensive side of the ball.
Tag:
Trade
The Central Bank of Lebanon raises the exchange rate of the dollar 10 times against the lira
written by Alexandra Hartman Editor-in-Chief
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 once morest 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 this decision as a step towards gradual unification of the exchange rate in the country, with implementation starting from the end of October.
The information office of the Ministry of Finance announced that changing the exchange rate of the Lebanese pound once morest the US dollar will take place in two steps, the first at the level of the customs dollar and the second at the level of the official exchange rate to be approved in coordination with the Central Bank.
Gulf stock exchanges follow their global counterparts to the upside.. Will they continue?
written by Alexandra Hartman Editor-in-Chief
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, following 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 share of the oil giant Saudi Aramco increasing by 1.17% and the petrochemical giant “SABIC” by 0.58%.
Ibrahim Al-Failakawi, stock market expert, explained that what is happening is a temporary positive interaction that may extend for a week, coinciding with the necessity of technically rebounding the indices of the region’s stock exchanges with the time of the monthly and weekly closures of major investment portfolios.
He pointed out that the fluctuation in the performance of the region’s markets is expected to continue until the Ukrainian-Russian crisis and its repercussions stabilize.
In turn, Mahmoud Atta, an investment expert in stocks, told “Mubasher Information” that the markets would return quickly to some cautious movements, starting next week, with the approach of the quarterly disclosures for listed companies, and amid investors’ assessment of concerns that increased sharply regarding the global economic slowdown, coinciding with the monetary tightening before. Major central banks to control high inflation.
In the UAE, the Dubai Financial Market index rose 0.7% to 3,373 points, with the Emirates NBD share rising 5.2%, while the share of Emaar Properties decreased by 0.7%.
The Qatari index rose 0.52% to 12,351.31 points, following two sessions of decline, following the Investment Holding share achieved 4.8% gains, Al-Ahly Bank increased 4.25% and Electricity and Water 2.15%, while Qatar National Bank, the largest bank in the Gulf, declined 0.5%. .
The first index of the Kuwaiti Stock Exchange increased by 0.48%, with the increase in the shares of Agility for Public Warehousing by 0.44% and Zain Kuwait by 2.8%.
The Muscat Securities Market index rose 0.8%, with Dhofar Feed adding 8.2%, Omani fish 3.8% and Raysut Cement adding 2.6%.
On the other hand, the Abu Dhabi Securities Exchange index fell by 0.7% to reach 9696 points, with Aldar Properties falling 2.3% and Etisalat by 1.7%.
The Bahrain Stock Exchange index fell by 0.04% to reach 1883.42 points, with the Bahraini Kuwaiti share falling 10% and the Bahraini Batelco 0.2%.
Outside the Gulf region, the Egyptian blue-chip index fell 0.11% to 9817.37 points, following the Commercial International Bank’s share fell 1.59%.
To trade and invest in the Gulf stock exchanges, click here
Recommendations:
S&P Global: Rising oil prices create a supportive environment in Kuwait
Fitch puts a negative assessment of the self-capacity of “Kuwait International”
The Kuwaiti Central Bank issues bonds with the highest yield since January 2008
A company owned by “Aayan” sells a property in Saudi Arabia for 13.4 million dollars
AMOC shareholders approve the distribution of 55 piasters per share for 2021-2022
written by Alexandra Hartman Editor-in-Chief
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, the first amounting to 387.45 million pounds, at 30 piasters per share, on October 20, 2022, and the second, at an amount of 322.8 million pounds, at 25 piasters per share, on February 22nd, for the shareholder on October 17, 2022.
The Assembly also approved the financial statements for the year ending June 30, 2022, as well as the report of the Board of Directors and the auditor.
Alexandria Mineral Oils – AMOC achieved profits of 1.22 billion pounds during the last fiscal year, compared to profits of 499.28 million pounds in the comparative fiscal year, taking into account minority rights.
The company’s sales rose during the fiscal year to 18.44 billion pounds, compared to sales of 10.18 billion pounds in the previous fiscal year.
As for the independent lists, the company achieved profits of 1.04 billion pounds during the last fiscal year, compared to profits of 398.7 million pounds in the comparable period of the previous fiscal year.
To trade and invest in the Egyptian Stock Exchange, click here
Recommendations:
The new administrative capital in Egypt denies borrowing from banks to complete its projects
Health Minister: Egypt has enough stock of coronavirus vaccines until 2023
EgyptAir: New instructions for obtaining a tourist visa on arrival to Saudi Arabia