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 […]
Beware of Fraudulent Email Impersonating Ofi Invest – Take Precautions Now!
An attempted fraud with usurpation of the Ofi Invest name is currently underway. It materializes in the form of an email whose subject mentions an investment proposal and whose sender (with a false email address) refers to an entity of the Ofi Invest group. As a precaution, if you receive a message similar to this […]
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 […]
USA, Europe, India, Saudi Arabia, and UAE Collaborate to Create New Trade Corridor to India: A Historic Infrastructure Initiative
New Delhi A network of ports and railways, pipelines for green hydrogen and new, high-performance data connections: With a far-reaching infrastructure initiative, the USA, Europe, India, Saudi Arabia and the United Arab Emirates want to create a new trade corridor to India. “This is nothing other than historic,” said EU Commission President Ursula von der […]
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 […]
Russia continues to systematically destroy port infrastructure. Kyiv and Odeshchyna came under night shelling
Russian troops continue to target port infrastructure in the Odesa region, which Ukraine planned to use as an alternative route for the supply of its agricultural products after Russia’s unilateral withdrawal from the Black Sea grain initiative. In the Odesa region, drones targeted elevators and warehouses On the night of September 6, Russian troops launched […]
GDS and INA cooperate to jointly invest in data center platform, enrich Indonesia’s digital infrastructure picture
JAKARTA, Indonesia, September 2, 2023 /PRNewswire/ — GDS, the leading developer and operator of high-performance data centers in Asia with a diversified international investor customer base and The Indonesian Investment Authority (INA) – the national investment fund of Indonesia, has announced a partnership in the strategy of developing and expanding the data center scene in […]
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 […]