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Dubai – Mubasher: The Investment Corporation of Dubai and Brookfield signed an agreement today, Monday, with Olayan Financial and Lunit to sell 49 percent of their stake in the ICD Brookfield Place tower located in the Dubai Financial Center. Global. Upon completion of the agreement, Lunit, through one of its funds, and Olayan Financial Company … Read more

Riyadh – Mubasher: Fawaz Abdulaziz Al Hokair and Partners Company (Synomy Retail) turned to losses during 2023 on an annual basis. According to the company’s financial statements, issued on the Tadawul website today, Sunday, net losses amounted to 1.11 billion riyals, compared to profits amounting to 36.9 million riyals during the year 2022. The company … Read more

Dubai – Mubasher: The subscription period for “Parkin” shares on the Dubai Financial Market ends tomorrow, Tuesday, for individual investors in the UAE. According to company data, the subscription period for “Parkin” shares on the Dubai Financial Market for qualified investors continues until March 13. Each subscriber in the first tranche is guaranteed a minimum … Read more

Noha Makram – Live – Gold prices stabilized on Tuesday near their highest levels in three months with weak US manufacturing sector data and construction spending as investors awaited testimony by Federal Reserve Chairman Jerome Powell to Congress on key jobs data. The spot price of gold settled at $2,114.99 per ounce, approaching its highest … Read more

Cairo – Mubasher: The Board of Directors of Talaat Mostafa Group Holding Company proposed cash distributions to shareholders for last year’s profits. The company said in a statement to the Egyptian Stock Exchange today, Wednesday, that the proposal includes distributing a cash coupon of 0.218 pounds per share, to be distributed in two installments, the … Read more

Direct: Contract prices rose, in Tuesday’s trading settlement, following reports indicating that the OPEC+ alliance is considering extending the agreement to voluntarily reduce oil production in the second quarter, in addition to Russia’s ban on gasoline exports for 6 months, starting from the first of March. Brent crude futures for May delivery – the most … Read more

Cairo – Mubasher: The Misr City Housing and Development Company issued an explanatory statement regarding the approval to return ownership of Azza Al-Hagana’s land to the Cairo Governorate as a community contribution. The company confirmed, in a statement to the Egyptian Stock Exchange today, that the 634-acre land previously allocated to the company is not … Read more

Direct: Gold futures prices fell at the close today, Friday, with investors focusing on the US Consumer Price Index data in January, scheduled to be released next Tuesday, to build expectations about when the Federal Reserve will cut interest rates. Gold futures prices for April delivery fell by 0.45%, or $9.2, at $2,038.7 per ounce, … Read more