“ADNOC Logistics and Services IPO Subscription Starts at ADX”
Abu Dhabi – Mubasher: The Abu Dhabi Securities Market is witnessing today, Tuesday, the start of the subscription period for the shares of ADNOC Logistics and Services, a subsidiary of ADNOC, by offering 15% of its capital. Equivalent to 1109.8 million of its shares in the market. According to the data, the subscription targets 3 […]
Qalaa Financial Consulting Company Reports Annual Profitability Transformation
Cairo – Mubasher: The consolidated financial statements of Qalaa Financial Consulting Company revealed, for the past year, the company’s transformation from losses to profitability, on an annual basis.. And the company stated in a statement to the Egyptian Stock Exchange, today, Sunday, that it achieved a net profit of 14.28 billion pounds during 2022, compared […]
“Telecom Egypt to Sell 10% Stake at 22.22-27.16 LE Per Share: Bloomberg Report”
Sources revealed to Bloomberg that it is scheduled to close the order book for selling an additional 10% stake in Telecom Egypt later today, Thursday. According to the agency, the price range per share ranges from 22.22 to 27.16 pounds, while the number of shares offered is 170.7 million shares. It stated that the 10% […]
“ING reports record high profits in Q1 2023 thanks to interest margins”
ANP NOS News•today, 07:42 ING has had one of the best quarters in recent years. In the first three months of the year, a profit of 1.6 billion euros was made, more than 270 percent more than a year earlier. At that time, the bank still had to set aside more than 800 million euros […]
“Indonesian Financial System Shows Strong Defense Amid Fragile Global Markets: Bank Indonesia Report”
Jakarta – Bank Indonesia (BI) notes that the stability of the Indonesian financial system until March 2023 shows strong defense. This happened in the midst of a fragile United States (US) financial system where a number of banks went bankrupt. “Indonesia’s financial system is resilient in facing the impact of the closure of a number […]
Guangzhou Man Loses 6 Million Yuan from Bank Account in Just One Meal
A man surnamed Zheng in Guangzhou had 6 million yuan in bank deposits, and only 690 yuan was left after a meal. (Picture / flip from Weibo) Is it safe to keep money in a bank? Maybe not so absolute. There is a man surnamed Zheng in Guangzhou City, Guangdong Province, China. One day seven […]
VETC licensed e-wallet payment intermediary service
On May 8, VETC Automatic Toll Collection Co., Ltd. announced that it was officially licensed by the Governor of the State Bank of Vietnam for providing intermediary payment services. According to the decision, VETC payment intermediary services licensed by the State Bank of Vietnam include e-wallet services, electronic payment gateway services, collection and payment support […]
“Ducab Group: Contributing 6.6 Billion Dirhams to UAE Economy and Exporting 60% of Products”
Abu Dhabi – Mubasher: The Ducab Group contributes more than 6.6 billion dirhams to the UAE economy, and exports 60% of its products to more than 55 markets. It provides a wide range of world-class solutions for the energy sector, and employs more than 1,400 employees in its factories and offices. Ducab Group supplies grew […]
The Growth of Green Financial Bond Issuance by Chinese Banks
Recently, a number of commercial banks have successfully issued green financial bonds in the national inter-bank market. Since the beginning of this year, the issuance of green financial bonds has intensified. According to data from Oriental Fortune Choice, as of May 7, commercial banks planned to issue green financial bonds of 135.8 billion yuan, an […]
“Flexible Murabaha Finance Company records 10% increase in net profits in Q1 2023”
Riyadh – Mubasher: The Saudi “Flexible Murabaha Finance Company” announced that it recorded an increase in its net profits by 10% during the three-month period ending on March 31, 2023. The company stated in a statement today, Sunday, that the net income during the first quarter amounted to about 15.2 million riyals, with a profit […]