Abu Dhabi Market expands custody services in partnership with BNY Mellon
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange has appointed BNY Mellon, the world’s largest banking institution for custodial services, to support dual listing on the Abu Dhabi Securities Market by international companies. Through this cooperation, the bank will act as a link between the Abu Dhabi Securities Exchange and the International Securities Depository […]
Palm Hills Egypt comments on the news that the Saudi Investment Fund is seeking to buy a stake in the company
Cairo – Mubasher: Palm Hills Development Company denied receiving any official notifications regarding the sale by one of the main shareholders of his share in the company. This came in a statement in response to the Egyptian Stock Exchange’s inquiries about what was being traded under the title (The Saudi Public Investment Fund seeks to […]
After acquiring a majority stake in Metito… Alpha Dhabi shares rise 0.5%
Mohamed Shaker – Mubasher: The shares of Alpha Dhabi Holding, listed on the Abu Dhabi Securities Market, rose during Monday’s trading, coinciding with its acquisition of a majority stake in Metito Holding Company Limited, which operates in the field of water and wastewater treatment. During today’s trading, by 10:52 AM UAE time, the stock rose […]
how expanding deposits became a mess
NOS NOS Nieuws•donderdag, 11:59 Ruben Eg editor Economics Ruben Eg editor Economics “It’s not like we need to put someone on the moon.” As the new State Secretary for Infrastructure and the Environment, Stientje van Veldhoven is firmly convinced in 2018 that reducing bottles and cans in litter is really not that complicated. “One way […]
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 […]
Press Conference: Implementation of the Austrian Deposit System with Climate Protection Minister Leonore Gewessler
Vienna (OTS) – Invitation to the joint press conference by Climate Protection Minister Leonore Gewessler, Monika Fiala and Simon Parth (Managing Directors EWP Recycling Pfand Österreich gGmbH), as well as Robert Nagele and Philipp Bodzenta, (Board members of the one-way deposit association), on the topic “Implementation of the Austrian deposit system” . Participants:Climate […]
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 […]
Some banks have increased interest on deposits. How much you can earn on accounts in euros
Bank Creditas, which is one of the smaller financial institutions in the Czech Republic, sharply increased the interest rate on short-term deposits in euros on the last day of August. While as recently as May, clients could get the best interest rate of 0.6 percent for ten-year deposits, now they will get multiple times higher […]
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 […]
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.. […]