balances

Abu Dhabi – Mubasher: The Abu Dhabi National Oil Company (ADNOC) said today, Sunday, that it has set the official selling price for standard Murban crude at $87.28 a barrel for the month of October, an increase of 8% from $80.78 a barrel for the month of September.

Oil prices rose in Friday’s trading session to their highest levels in more than 7 months, ending a two-week losing streak, supported by expectations of supply shortages.

Brent crude rose $1.66, or 1.9%, to settle at $88.49 a barrel. And it had risen during the session to 88.75 dollars a barrel, the highest level since January 27.

US West Texas Intermediate crude rose $1.39, or about 1.7%, to $85.02 a barrel. It rose earlier in the Friday session to $85.81, its highest level since November 16.

The price of Brent crude rose by 4.8% this week, recording the largest weekly increase since late July, and the price of US West Texas Intermediate crude rose 7.2%, its largest weekly gain since March.

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Nominations:

“Goal” raises the minimum wage to support the employment of Saudis in the private sector to 4 thousand riyals

Saudi Arabia bears the fees and fines for those who lose their vehicles. These are the details of the decision

The Official Gazette in Saudi Arabia publishes the regulatory arrangements of the Investment Council

The Public Investment Fund signs an agreement to buy a subsidiary of “SABIC” for 12.5 billion riyals

2023-09-03 13:56:12
#ADNOC #raises #selling #price #Murban #crude #October #barrel

Doha – Mubasher: The Qatar Stock Exchange started trading today, Sunday, in green color, with the newly listed “Meeza” company leading the trading activity at all levels.

And by 09:50 am Qatar time, the general index increased by 0.21% to reach 10386.89 points, gaining 22.04 points from last Thursday’s level.

The stock exchange recorded transactions at that time, with a value of 46.48 million riyals, distributed over 24.01 million shares, with the implementation of 2.08 thousand transactions.

The session supported the rise of 5 sectors, led by real estate by about 1.36%, while the insurance and industry sectors declined by 0.67% for the first and 0.32% for the second.

At that time, the price of 28 shares rose, led by “Meeza” by 7.08%, while the price of 16 shares led by “General Insurance” decreased by 4.90%, and the price of 3 other shares stabilized.

The “Meeza” share – listed on the Qatar Stock Exchange last week – topped the trading activity at all levels, with a volume of 3.90 million shares, with a value of 10.26 million riyals, executed through 588 transactions.

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Nominations:

FTSE amends its review of Qatari shares by upgrading Ooredoo

“Istithmar Holding” lays the foundation stone for its first projects in Iraq

The exchange rate of the Qatari riyal or foreign and Arab currencies

2023-08-27 06:55:07
#Qatar #Stock #Exchange #begins #trading #green.. #active #Meeza

Mubasher: Gold prices stabilized during trading today, Wednesday, supported by expectations that the Federal Reserve has not yet finished the monetary tightening cycle.

And by 09:35 am GMT, gold settled in spot transactions at $ 1903.50 an ounce.

US gold futures also settled at $1935.60 an ounce.

As for other precious metals, spot silver rose 0.4 percent to $22.61 an ounce.

Palladium rose 0.2 percent to $1,237.45.

While platinum fell 0.1 percent to $887.29.

Investors are awaiting the minutes of the US Central Bank meeting for the month of July to explore the path of the next strategy related to interest rates.

Gold fell during Tuesday’s trading to its lowest level since the end of June, with US Treasury yields for ten years reaching the highest level in about ten months.

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Nominations:

Videography.. 5 Arab countries are among the top 25 attractive destinations for foreign investment in the world

Video graphic.. What do you know about the “virtual license” for a foreign investor in the UAE?

The UAE is planning to build a tourist resort that simulates the moon.. What are the details? (video graphic)

Video graphic.. How to renew a passport in the UAE?

2023-08-16 08:42:51
#Globally #gold #prices #stabilizing #anticipation #interest #rate #hike

Dubai – Mubasher: Shuaa Capital announced that Jassim Al Siddiqi’s share has decreased to 21 percent of the company’s capital, which he indirectly owns.

Shuaa indicated that this comes after he sold a share of 71.5 million shares through a private deal.

The ownership of the former board member was around 25% before he announced his resignation.

Al-Siddiqi was the managing director of the company, after he led the Abu Dhabi Financial Group from its founding in 2011 until its merger with Shuaa.

According to the Dubai Financial Market, Al-Siddiqi owned approximately 25.3% of the capital of Shuaa Company on August 14, and he is the second highest single shareholder in the company after Direct Access Investment, which owns about 27.3%.

An earlier disclosure in late June indicated that Al-Siddiqui had sold part of his stake in the company through a private deal.

In May, Shuaa announced that Al-Siddiqi had sold 100 million shares through a private deal, bringing his direct ownership to 26% of the company’s capital.

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Nominations:

Videography.. 5 Arab countries are among the top 25 attractive destinations for foreign investment in the world

Video graphic.. What do you know about the “virtual license” for a foreign investor in the UAE?

The UAE is planning to build a tourist resort that simulates the moon.. What are the details? (video graphic)

2023-08-16 05:03:44
#Emirati #Shuaa #Jassim #AlSiddiqis #share #decreased

Dubai – Mubasher: Drake & Scull International said that the accumulated losses amounted to 5.261 billion dirhams, constituting 491 percent of its capital, amounting to 1.071 billion dirhams.
The company stated in a statement that the main reasons that led to the accumulation of losses include existing works and contracts receivable in old projects in Oman, India, Saudi Arabia and the UAE, and the complete decline in the value of goodwill and trademark as of December 31, 2018.
The reasons for the losses also included poor performance in old projects, banking embargoes and court decisions.
In order to address the accumulated losses, the company referred to the completion of the restructuring process and business plan, the raising of new ownership rights, and the development of effective operational business practices.
As well as following up on lawsuits to collect all the company’s debts, and controlling overheads at the best level.
Drake & Scull, listed on the Dubai Financial Market, deepened its losses at the end of the first half of this year, compared to the losses of the same period last year.

The company stated that its losses rose to 162.6 million dirhams at the end of the first half of 2023, compared to losses of 89.1 million dirhams incurred by the company at the end of the first half of 2022.

The company’s losses increased to 119.2 million dirhams by the end of the first quarter of 2023, compared to losses of 52.5 million dirhams during the same period in 2022.

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Nominations:

For the first time, India buys oil from the UAE in rupees

A partnership between “Al Dahra” and “Abu Dhabi Exports” to supply Egypt with wheat for a period of 5 years

Al Matrooshi and Al Mulla undergo spacewalk training inside NASA’s Neutral Buoyancy Laboratory

2023-08-15 06:21:45
#Drake #Scull #accumulated #losses #constitute #capital

Abu Dhabi – Mubasher: The UAE has entered strongly in the competition for the investment market in Africa, as foreign direct investment flows from the UAE to Africa amounted to about $59.4 billion between 2012 and 2022.

The African website said that Africa has become one of the most important markets in the UAE, as it invested $5.6 billion in 71 projects on the continent in 2021, the most important of which is the Agtech Park in Egypt.
Over the past 10 years, DP World, DP World, has invested more than $1.8 billion in Africa and plans to invest another $3 billion over the coming years.

The country has emerged over the past decade as the fourth largest global investor in Africa, after China, Europe and the United States. According to White & Case.
Foreign direct investment flows from the GCC countries to Africa between 2012 and 2022 amounted to about $101.9 billion distributed over 628 projects, while investment from Africa to the GCC countries amounted to $3 billion in 141 projects.

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nominations

Dubai closes night swimming beaches, starting today, Sunday

Hamdan bin Mohammed: The performance of the tourism sector is exceptional in Dubai during the first half

2023-08-07 05:23:52
#African #Emirati #World #plans #invest #billion #Africa