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 […]
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 […]
Censorship of the Minister of Energy and Mines promoted by Fujimorism fails
The Plenary Session of Congress rejected the motion of censure presented against the Minister of Energy and Mines, Oscar Vera Gargurevich, raised for alleged moral incapacity, lack of leadership and suitability for the exercise of that position. The result of the vote was 52 votes in favor, 51 against and 13 abstentions, that is, it […]
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 […]
They celebrate in Cienfuegos the 10th anniversary of the Energy and Mines Workers Union
Approximate reading time: 48 seconds On the morning of this Friday, September 8, the event for the 10th anniversary of the Energy and Mines workers union took place at the “Camilo Cienfuegos” oil refinery. This decade has witnessed numerous examples of dedication, tenacity, victories and challenges that have tested the ingenuity and courage of the […]
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 […]