UAE Stock Exchanges Technical Glitch and Market Value Loss Update: Abu Dhabi Securities Market and Dubai Financial Market
Abu Dhabi – Mubasher: The Abu Dhabi Securities Market announced today, Friday, that there was a technical glitch in the indices managed by FTSE Russell for global indices. The financial market in the UAE capital indicated in a notice issued this morning, Friday, that the data presented does not reflect the reality of current trading. […]
Latest Update on Brent Crude Prices and Global Oil Demand Concerns
Noha Makram – Live – Brent crude prices hovered around $80 per barrel today, Thursday, after demand concerns and a weak war risk premium sparked a selling wave last week. Brent crude rose by 45 cents to $79.99 a barrel, at 11:47 GMT, while Arab Texas crude rose by 43 cents to $75.76. Reuters explained […]
Banco BPM Achieves Record Net Profit, Expects Further Growth in 2023
Banco Bpm closed the first nine months of the year with a record net profit of 943 million euros, up 93.6% compared to the same period of 2022. For the 2023 financial year the bank expects to achieve a net result above 1.2 billion euros, equal to over 0.8 euros per share, with further growth […]
Central Bank of Oman Issues Government Treasury Bills Worth 25.7 Million Riyals
direct: The Central Bank of Oman issued government treasury bills for two different terms with a total value of 25.7 million riyals ($66.56 million), out of the total value of the issues offered amounting to 35.7 million riyals. The Central Bank explained in a statement on its official website that the first issuance is worth […]
GERB Leader Boyko Borisov Regrets Voting for Vasil Terziev
“I regret that I voted for Vasil Terziev. Give it to him that way, if that’s how he interpreted it.” This is what GERB leader Boyko Borisov said after exercising his right to vote. He made this comment on the occasion of what Terziev said earlier that Borisov must have been joking when he called […]
Decline in Net Profits and Cash Dividends Announcement: United Wire Factories Company “Aslak” Q3 2023 Update
Riyadh – Mubasher: United Wire Factories Company “Aslak” recorded a 26.67% decline in net profits in the third quarter of 2023, compared to the same quarter of 2022, and the Board of Directors decided to distribute cash dividends of one riyal per share. The company’s results revealed on the Tadawul website today, Sunday, that net […]
The Unexpected Reversal of Mortgage Renewal Stress Tests: An Analysis
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It’s deplorable. The situation became clearer in mid-October. “Clarify” isn’t quite the right word. We should rather speak of a “turnaround” as spectacular as it was unexpected. Because the rules could not be said to be equivocal, they were applied uniformly by the entire industry. I touched on the subject briefly in a column published […]
Jamie Dimon Plans to Sell One Million Shares of JPMorgan Chase
Jamie Dimon, chairman and CEO of the world’s largest bank, JPMorgan Chase, plans to sell one million shares of the bank he owns next year. Dimon and his family currently hold approximately 8.6 million shares of JPMorgan, so they would receive approximately $143 million from the transaction at the current share price, roughly 3.3 billion […]
Resilient Performance of Shanghai Listed Companies: Q3 Report Reveals Strong Recovery Trend
As the third quarterly report comes to an end, the performance of “Shanghai-domiciled” listed companies in the first three quarters has been fully disclosed, which shows their resilience and vitality. According to statistics from a reporter from Shanghai Securities News, in the first three quarters of this year, 438 Shanghai listed companies achieved a total […]
Sale of Heritage Building in Prague Raises Eyebrows in Real Estate Market
“I can confirm the sale. Of course, the price will be decided by the draft of the received offers,” said Nevoralová. Zdenka Klapalová, the director of the real estate consulting company Knight Frank, did not want to comment on the price of the transaction either. The building is located in a heritage zone and consists […]