The UAE Central Bank keeps the base rate at 5.4%
Live: The Central Bank of the United Arab Emirates decided to keep the “base rate” on overnight deposit facilities unchanged at 5.40%, starting tomorrow, Thursday, September 21, 2023. This decision comes after the Federal Reserve announced that it would keep the interest rate on reserve balances unchanged at its meeting held today. The Central Bank […]
Index – Economy – From Ákasztó to Iceland: the road was bumpy, but they did it
“Sometimes I myself am surprised at how few of the entrepreneurs after the change of regime deal with what we originally set out to do today,” Ervin Nagy, who has been working as an entrepreneur for 30 years, has been producing sports drinks for 15 years, while his company, R-Water, told Index Kft. grew out […]
Togo: Difficulties in supplying petroleum products, explanations from the Minister of Commerce
Mrs. Rose Kayi Mivedor-Sambiani, Minister of Commerce, Crafts and Local Consumption Since this Sunday, September 17, 2023, the Togolese population has been facing difficulties in supplying petroleum products. In Lomé, the situation is critical with many service stations without fuel. In the black markets, the liter of fuel very quickly rose from 750 F to […]
The Emirates Agthia General Assembly approves a distribution of 8.25 fils per share for the first half
Abu Dhabi – Mubasher: Agthia Group shareholders approved, during the General Assembly meeting yesterday, Tuesday, the Board of Directors’ proposal regarding the distribution of interim dividends for the first half of 2023. Agthia explained in a statement that the interim dividends distributed are equivalent to 8.25 fils per share, with a total value of 65.31 […]
Spending on purchasing digital applications in the UAE grew to 1.6 billion dirhams
Abu Dhabi – Mubasher: The volume of spending on purchasing digital applications in the UAE increased during the year 2022, by 25.3 percent on an annual basis. According to a report issued by the UAE Telecommunications and Digital Government Regulatory Authority, the volume of spending on purchasing digital applications during the year 2022 amounted to […]
“Commerce”: Issuing various violations for stores that sell school supplies
The Ministry of Commerce and Industry said on Friday that it had intensified inspection tours and issued several fines to a number of stores selling school supplies in violation of ministerial decisions during the commercial oversight team’s tour.The Ministry of Commerce explained in a press release that the violations reported varied between the presence of […]
The stability of the exchange rates of the pound against the dollar… and the rise of the euro and sterling
Cairo – Mubasher: The exchange rate of the dollar against the Egyptian pound stabilized at the beginning of its dealings today, Wednesday, in Egyptian banks. And in the two largest local banks in terms of assets and transactions, “Al-Ahly of Egypt and Egypt,” the dollar recorded 30.75 pounds for purchase and 30.85 pounds for sale.. […]
UAE banks inject loans to small and medium-sized companies, amounting to 85.6 billion dirhams
Abu Dhabi – Mubasher: The cumulative balance of facilities and loans provided by banks operating in the UAE to small and medium-sized companies, during the first half of this year, increased by 2.8 percent on an annual basis, or the equivalent of 2.3 billion dirhams. The UAE Central Bank statistics revealed that the cumulative balance […]
7.5 billion dirhams net institutional investment in UAE stocks within 8 months
Abu Dhabi – Mubasher: Investment institutions increased their purchases of UAE stocks, after recording a net purchase of local stocks at a value of 7.5 billion dirhams during the period from January to August, after achieving total purchases of 207.6 billion dirhams, compared to total sales of about 200.1 billion dirhams. Based on the data […]
Addis Holding intends to offer 30% of its shares in Tadawul, Saudi Arabia
Riyadh – Mubasher: Addis Holding Company announced today, Monday, its intention to make an initial public offering and list its shares on the main Saudi Tadawul market. And the company stated, in a statement, that the Capital Market Authority had approved, on June 21, 2023, the company’s request to register its capital and offer 338.72 […]