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%, […]
“Dubai Energy Exchange Reports 18% Increase in Oman Crude Oil Delivery Volumes in Q1 2023”
Dubai – Mubasher: The Dubai Energy Exchange announced that the actual delivery volumes of Oman crude oil increased by 18 percent in the first quarter of 2023, as it delivered 63.77 million barrels, compared to 54.01 million barrels in the same period of 2022. The stock market recorded a 9 percent increase in trading volume […]
“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), […]
Japan receives first shipment of low-emission ammonia from Saudi Arabia for co-burning with fossil fuels
Riyadh – Mubasher: The State of Japan received the first shipment of low-emission ammonia from Saudi Arabia, today, Friday, with plans to use it in co-burning alongside fossil fuels. to reduce carbon emissions. It is noteworthy that Japan, which lacks energy resources, wants to add hydrogen and ammonia to its energy mix, as it agreed […]
Madinet Nasr for Housing and Development approves financials and increases capital in General Assembly meeting
Cairo – Mubasher: The Ordinary General Assembly of Madinet Nasr for Housing and Development approved the report of the Board of Directors and the financial statements for the past year. The company said in a statement to the Egyptian Stock Exchange today, Wednesday, that the general assembly agreed to distribute a cash coupon to shareholders […]
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 […]
Dubai Courts Order KPMG Lower Gulf to Pay $231 Million for Poor Quality Audit of Fund
Abu Dhabi – Mubasher: Dubai courts ordered KPMG Lower Gulf to pay $231 million, equivalent to 848 million dirhams, to a group of investors who reported losing money due to the company’s poor quality audit of a fund they invested in, according to a report by the Financial Times. The ruling, issued in late March, […]
For the First Time, UAE Central Bank’s Overseas Assets Exceed 500 Billion Dirhams
Abu Dhabi – Mubasher: The total foreign assets of the UAE Central Bank exceeded half a trillion dirhams at the end of last January, for the first time in its history. Statistics issued by the UAE Central Bank indicated that the foreign assets of the Central Bank increased on a monthly basis by 1.34%, from […]
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 […]