Lebanese Minister of Finance Questioned by European Delegation on Financial Corruption and Money Laundering Allegations

Mubasher: The Minister of Finance of the Lebanese caretaker government, Youssef Al-Khalil, appeared today, Friday, before the European judicial delegation that is visiting Lebanon for the third time since the beginning of this year to hear bankers as witnesses in European investigations taking place in France, Germany and Luxembourg regarding cases of financial corruption and […]

Global Gold and Oil Prices Fall Ahead of Federal Reserve Meetings

Mubasher: The decline dominated most of the global gold and oil prices, in addition to the US dollar index, during trading today, Tuesday, on the eve of the start of the crucial Federal Reserve meetings expected by investors in the world. And by 11:00 am GMT, Brent crude futures for July delivery were down 0.04%, […]

“Sony Reports Record Annual Profits Fueled by PlayStation 5 Sales”

the date 4/29/2023 1:47:53 AM (MENAFN- Al-Borsa News) The Japanese electronics and entertainment company “Sony” recorded record profits during the fiscal year ending in March, supported by the chip division and sales of the “PlayStation 5” gaming platform. During the fiscal year ending in March, the company’s operating profit reached 1.21 trillion yen ($8.9 billion), […]

UAE’s holdings of US bonds decreased in February 2023

Malik Salameh – directThe UAE’s holdings of US Treasury bonds decreased during the month of February 2023 by 0.61 percent on a monthly basis. The UAE’s holdings of bonds last February amounted to about $64.5 billion, compared to $64.9 billion in the previous month, according to the monthly report of the US Treasury Department. On […]

Fourteen cement companies faced sanctions and disclosed their penalty for colluding to hike prices.

Al-Marsad newspaper: The Board of Directors of the General Authority for Competition issued its decision approving taking procedures for investigation, research, collection of inferences and investigation, on companies: Company names Al-Safwa Cement, Al-Madina Cement, Umm Al-Qura Cement, Al-Jouf Cement, Qassim Cement, Najran Cement, Southern Province Cement, United Industrial Cement, Yamama Cement, Riyadh Cement (Saudi White […]