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 […]

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 […]

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 […]