ČEZ invited its clients to self-read energy in order to set more suitable backups
The increase in electricity prices from next year will already be reflected in the new advances, most of CEZ’s clients will pay capped prices. Other suppliers will also raise prices. It is not yet clear whether they will call on their customers to follow a similar procedure as ČEZ. ČEZ, which is the largest electricity […]
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, […]
Americana Restaurants increases the number of shares of individual investors in the UAE
Abu Dhabi – Mubasher: Americana announced an increase in the number of shares available to individual investors in the UAE in its initial public offering from 5% to 10% of the total offering shares, to become similar to the percentage of individual investors in the Kingdom of Saudi Arabia.. The company stated in a statement […]
Report: Profits of 6 real estate companies in the UAE rose 66% in 9 months
Malik Salameh – Mubasher: The profits of 6 major real estate companies listed on the UAE stock markets increased by 66 percent, by about 4.618 billion dirhams, equivalent to $1.25 billion, during the first nine months of 2022. According to statistics conducted by “Mubasher” based on the financial statements of companies listed on the Dubai […]
UAE’s Yahsat eyes future acquisitions to boost growth
Abu Dhabi – Mubasher: Andrew Cole, CFO of “Yahsat“The company is looking to grow organically through acquisitions over the next few years. Andrew Cole, in an interview with Bloomberg, added that Yahsat will “press hard” to grow its business revenue streams over the next few years. He added that the company is focusing on expanding […]
UAE’s Chimera Capital launches an initial $2 billion trust fund
Dubai – Mubasher: Chimera Capital, a subsidiary of Chimera Investments, announced the launch of the Alpha Wave Private Trust Fund, an open-ended trust fund, with investment pledges of $2 billion. The company launched the fund jointly with Alpha Wave Global, an investment firm that manages a range of investment funds across various asset classes, according […]
Aldar Properties shares rise 0.46%, coinciding with the announcement of financial results
Muhammad Shaker – Mubasher: The share of Aldar Properties, listed on the Abu Dhabi Securities Exchange, rose during today’s trading, coinciding with the announcement of its financial results for the first nine months of 2022. By 12:15 pm UAE time, the stock rose by 0.46 percent, reaching a price of 3.380 dirhams. According to market […]
The effect on families of the rate hike: more expensive mortgages and better paid deposits | My money
The European Central Bank (BCE) has raised interest rates by 75 basis points, to 2%. It is the third consecutive increase since July. Continue like this with your restrictive monetary policy, whose objective is to reduce the amount of money in the market, in order to deal with soaring inflation. The impact on families pocket […]
After strong weekly increases, where are the global and Gulf stock exchanges heading in the coming period?
Mahmoud Jamal – Mubasher: Most of the global and Gulf financial markets recorded strong gains at the end of trading in the third week of this month, topping the US indices, with the continued release of corporate business results and assessment of the effects of the monetary policy path on the performance of stocks, ignoring […]
Al-Marzouq: KFH issues the list of companies with a market value of more than 11 billion dinars
Kuwait – Mubasher: Chairman of the Board of Directors of Kuwait Finance House “KFH” Hamad Al-Marzouq said that the bank topped the list of the largest companies in terms of market capitalization on the Kuwait Stock Exchange, with a value of more than 11 billion Kuwaiti dinars, stressing commitment to the interests of shareholders, according […]
