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 […]
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 […]
Union Properties: Announcing several projects in the fourth quarter 2022
Dubai – Mubasher: Union Properties has resumed work in real estate development and will announce several projects during the fourth quarter of this year. Amer Khan Sahib, a member of the board of directors and managing director of the company, said in a statement to Al Arabiya TV that the company is working on a […]
The “TASI” index is down 1.63% amid a collective decline of the sectors.. with a liquidity of 3.84 billion riyals
Riyadh – Mubasher: The Saudi stock market “Tadawul” ended today’s session with a noticeable decline, to continue its decline for the third consecutive session, in light of a collective decline of sectors amid a noticeable decline in liquidity. The general index of the market “TASI” closed down 1.63%, with losses amounting to 191.34 points, dropping […]
Most of the Gulf stock exchanges and Egypt rose strongly in the first week of October… What happened?
Mahmoud Jamal – Mubasher: Most of the Gulf stock exchanges rose by the end of the first week of this month, tracking the impact of the rise in global stock markets and the gains in oil prices, after the “OPEC Plus” alliance agreed to reduce global supplies by reducing production targets by two million barrels […]
ESG Stallions UAE adds activities to its trade license
Abu Dhabi – Mubasher: The board of directors of the company approved “ESG Stallions UAE” During his meeting, he decided to add commercial activities to the commercial license and the company’s articles of association. The company indicated in a statement that the commercial activities that will be added are: management services for companies and private […]
International institutions expect positive performance of UAE banks
Abu Dhabi – Mubasher: The “S&P” credit rating agency indicated in a report that banks in the UAE are moving forward on their way back to their strong performance before the outbreak of “Covid 19” at the beginning of 2020. . According to the report, the agency expected that banks in the UAE would return, […]