Agency: The UAE’s “ADNOC” invites banks to participate in offering their gas activities on the stock exchange
Abu Dhabi – Mubasher: Two sources said that the Abu Dhabi National Oil Company (ADNOC) has invited investment banks to promote a planned initial public offering of its gas activities next year. Bankers familiar with the matter said today, Tuesday, that a request was sent to a select number of banks last week, to submit […]
Microsoft agrees to buy 4% of the London Stock Exchange
Date 12/12/2022 11:00:08 PM (MENAFN-Al-Anbaa) Microsoft has agreed to buy a stake in the London Stock Exchange (LSEG), which will give the software company 4% ownership, a deal that underscores the importance of synergy between London market data and analytics and what technology can play in increasingly financial computing markets.LSEG said in a statement […]
The gains of the UAE financial markets exceeded $64.9 billion in November
Malik Salameh – directUAE financial market indices varied during the trading of November of this year, with the Dubai market index declining slightly, while the Abu Dhabi Securities Market jumped 151 points from the last session last month. According to market data, the UAE financial markets achieved gains amounting to 238.31 billion dirhams, equivalent to […]
The UAE Central Bank calls for activating the account requirements for insurance companies’ premiums
Abu Dhabi – Mubasher: The Central Bank of the UAE called on all insurance agents, insurance brokerage companies, and health insurance claims management companies licensed to operate in the country by the Central Bank, to activate the requirements of the “suspended account” related to funds and premiums of insurance companies, so that this account is […]
To save costs, H&M, to sell fashion, will cut 1,500 jobs.
Date 11/30/2022 7:44:23 AM (MENAFN-Al-Bayan) Swedish fashion company H&M said on Wednesday it would cut about 1,500 jobs as part of its efforts to cut costs and set aside 800 million Swedish crowns ($75.80 million) for restructuring purposes in the fourth quarter. And in September, H&M, the world’s second largest fashion retailer, launched […]
The Emirati “Education” stock rose 2% with the beginning of its second session on the Dubai Stock Exchange
Malik Salameh – Mubasher: The share of “Taleem Holding” rose during the start of its second trading today, Wednesday, on the Dubai Stock Exchange. And by 10:57 am Emirates time, the share of “Taleem Holding” rose by about 2 percent, to a price of 2.6 dirhams. The newly listed stock on the Dubai financial market […]
The Emirati “Education” stock rose 2% with the beginning of its second session on the Dubai Stock Exchange
Malik Salameh – Mubasher: The share of “Taleem Holding” rose during the start of its second trading today, Wednesday, on the Dubai Stock Exchange. And by 10:57 am Emirates time, the share of “Taleem Holding” rose by about 2 percent, to a price of 2.6 dirhams. The newly listed stock on the Dubai financial market […]
The expected listing of “Americana” shares on December 12
Date 11/29/2022 2:04:44 AM (MENAFN-Al-Bayan) Americana International Restaurants Company announced the allocation of shares to investors and the updated schedule for its initial public offering, the first simultaneous dual listing on the Abu Dhabi Securities Exchange and the Saudi Stock Exchange (Tadawul). As announced on November 24, the final price of the shares to […]
“Dubai Commodities” signs a memorandum of understanding for the use of digital assets backed by gold
Dubai – Mubasher: The Dubai Multi Commodities Center (DMCC) signed a memorandum of understanding with Safe Gold, the leading digital gold trading platform in Asia, to enhance Safe Gold’s vision to digitize investment in gold and enable the building of a thriving digital ecosystem for the gold market in the Middle East and North Africa […]
The stock exchange announces the start date of trading on the shares of Egyptians for Housing after the merger
Cairo – Mubasher: The Operations Committee of the Egyptian Stock Exchange decided to lift the suspension of dealing in the shares of Egyptians for Housing, Development and Construction and start trading on its shares as of the trading session on Thursday corresponding to November 24. The stock exchange said, in a statement issued today, Sunday, […]
