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 […]
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 […]
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 […]
Emirati Shuaa Capital: Reducing costs contributed to the shift to profitability in the first half
Dubai – Mubasher: Fawad Khan, CEO of Emirati company Shuaa Capital, said that his company’s transformation to profitability in the first rank of this year came with the support of reducing costs to 76% compared to last year. Khan indicated, in a press statement today, Sunday, that the company’s operating income witnessed an improvement during […]
Profits of banks listed on the Dubai market rose 95% in the first half
Mohammed Shaker – Mubasher: The net profits of Dubai banks increased by 95 percent to 20.1 billion dirhams at the end of the first half of this year, reflecting the strength of the banking sector in the emirate. According to the financial statements announced on the Dubai Financial Market, Emirates NBD acquired the largest share […]
Ajman Bank profits jump 37% in 6 months
Dubai – Mubasher: Ajman Bank’s profits increased by 36.6 percent at the end of the first half of this year, compared to quarters of the same period last year. The bank stated in a statement that it recorded a net profit of 102.3 million dirhams during the first half of 2023, compared to 74.9 million […]