The dollar rises to its highest level against the yen in 24 years
<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" climb GBP After falling to two-week lows against the dollar and the euro yesterday, after the Financial Times reported that the Bank of England privately hinted to banks that it is willing to buy UK Treasuries for a longer period. And media reports have indicated that the UK government is […]
Most of the stock exchanges in the Gulf and Egypt grew strongly in the first week of October … What happened?
Mahmoud Jamal – Mubasher: Most Gulf stock exchanges rose by the end of the first week of October, following the impact of rising global equity markets and oil price gains after the “OPEC Plus alliance” “agreed to cut supplies by reducing production targets by two million barrels per day. Oil prices, the main catalyst for […]
The pound is making strong gains and the dollar is falling in volatile trading
On Thursday, the British pound rose in volatile trading, with the dollar lower against most currencies as investors took comfort in the Bank of England’s purchase of long-term bonds to restore market stability. . The pound was up 1.4% to $ 1.1034. After hitting a 37-year low of $ 1.0327 three days ago, the pound […]
Report: The economic support plan in the UAE has helped to reduce the increase in non-performing loans
Abu Dhabi – Mubasher: the agency “S&P Global” said in a recent report The economic support plan aimed at the Central Bank of the Emirates helped the system during the period of the pandemic, limiting the increase in non-performing loans. According to the report, the economic environment began to improve thanks to rising oil prices […]
A violent drop in the Egyptian stock market indices by the end, and the “market” loses £ 17.7 billion
Cairo – Mubasher: The red color dominated the Egyptian stock market indices at the end of trading today, Sunday, affected by the sales of Arabs and foreigners.. Egypt’s EGX30 main stock market index fell 3.13 percent during today’s session, closing at 9,763 points, and the similarly weighted EGX70 medium and small business index fell 6.76 […]
Kuwait’s holding of US Treasuries has reached its highest level in the past 5 months
Live – Iman Ghaly: the state of Kuwait’s holding of US Treasury bonds in July 2022 reached the highest level since the previous February (5 months ago); This is according to a US Treasury statement last Friday. Kuwait’s holdings in US Treasuries last July amounted to $ 49.4 billion, up 6.24% from the same month’s […]
The British pound fell against the dollar to its lowest level in 37 years
<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" withdraw GBP At around $ 1.1351, down 1% during trading on Friday after data showed UK retail sales fell at the highest pace of the past 8 months last August. The rising cost of living and falling confidence have forced consumers to cut back on spending. While the decline in […]
Covering the entire subscription of “Salik” on the Dubai Stock Exchange in a few hours
Abu Dhabi – Mubasher: Investors covered demand for all shares offered in Salik, the Dubai-based road toll operator, within hours of the start of the IPO. This indicates that demand for quotes in the Middle East remains strong, according to Bloomberg. The subscription was hedged at the offer price on the full size of the […]
The yen is at its cheapest level in the last 24 years
The Japanese yen, sensitive to fluctuations in desire fees, continued to decrease on Tuesday, breaking the barrier of 142 towards the dollar, though the pound and the euro tried using to get better from the multi-calendar year lows versus the dollar the past day. but the euro unsuccessful: the dollar rose 1.07 % in opposition […]
How did the Gulf Inventory Exchanges react to the latest “OPEC Plus” selection?
Mubasher: The general performance of the Gulf exchanges various at the finish of modern session, pursuing the conclusion of the OPEC Additionally group to slash output to improve oil costs soon after their modern decrease. The Business of Petroleum Exporting Countries (OPEC) and its Russian-led allies, the so-called “OPEC Additionally” alliance, have agreed. on a […]