Japan receives first shipment of low-emission ammonia from Saudi Arabia for co-burning with fossil fuels
Riyadh – Mubasher: The State of Japan received the first shipment of low-emission ammonia from Saudi Arabia, today, Friday, with plans to use it in co-burning alongside fossil fuels. to reduce carbon emissions. It is noteworthy that Japan, which lacks energy resources, wants to add hydrogen and ammonia to its energy mix, as it agreed […]
Madinet Nasr for Housing and Development approves financials and increases capital in General Assembly meeting
Cairo – Mubasher: The Ordinary General Assembly of Madinet Nasr for Housing and Development approved the report of the Board of Directors and the financial statements for the past year. The company said in a statement to the Egyptian Stock Exchange today, Wednesday, that the general assembly agreed to distribute a cash coupon to shareholders […]
UAE’s holdings of US bonds decreased in February 2023
Malik Salameh – directThe UAE’s holdings of US Treasury bonds decreased during the month of February 2023 by 0.61 percent on a monthly basis. The UAE’s holdings of bonds last February amounted to about $64.5 billion, compared to $64.9 billion in the previous month, according to the monthly report of the US Treasury Department. On […]
Dubai Courts Order KPMG Lower Gulf to Pay $231 Million for Poor Quality Audit of Fund
Abu Dhabi – Mubasher: Dubai courts ordered KPMG Lower Gulf to pay $231 million, equivalent to 848 million dirhams, to a group of investors who reported losing money due to the company’s poor quality audit of a fund they invested in, according to a report by the Financial Times. The ruling, issued in late March, […]
For the First Time, UAE Central Bank’s Overseas Assets Exceed 500 Billion Dirhams
Abu Dhabi – Mubasher: The total foreign assets of the UAE Central Bank exceeded half a trillion dirhams at the end of last January, for the first time in its history. Statistics issued by the UAE Central Bank indicated that the foreign assets of the Central Bank increased on a monthly basis by 1.34%, from […]
The Future of Sustainable Shopping: Augmented Reality Takes Fashion by Storm
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Augmented Reality in Fashion: Everything you need to know about the new technology – and what role it plays in sustainability Technology is intrinsic to everything we do and the fashion industry is no exception. Starting with social media and electrical devices that facilitate production, this linkage ends with extensions of reality like Augmented Reality […]
What was the statement made by the central bank regarding inflation rates in the UAE?
Abu Dhabi – Mubasher: The UAE Central Bank expected inflation to slow down during the current year 2023 to 3.2%, on the back of weak price increases in all categories, especially transportation, food and beverages. The Central Bank also expected in its recent report that inflation will remain on the rise, given that it is […]
Over the next four years, the Middle East anticipates a growth of 11% in e-commerce volume.
Dubai – Mubasher: A report issued by EZDubai, the area entirely dedicated to e-commerce in Dubai South, expects the size of the e-commerce market in the Middle East and North Africa region to reach $57 billion in 2026, equivalent to a compound annual growth rate of 11% during the period from 2022 to 2026. According […]
“Baseball-Inspired Tower Records Banner Decoration for the 3/24 Namba Parks Store Opening, Featuring NMB48 Signboard” – TOWER RECORDS ONLINE
Tower Records Japan Namba Parks store exterior image Tower Records will hold an “opening campaign” at the newly opened Namba Parks store from March 24 (Friday), the opening date. The Namba Parks store is the 8th new store in Osaka Prefecture, excluding the cafe, and moved from the Namba store in October last year to […]
The Top 5 E-commerce Platforms in Indonesia According to Statista
Jakarta – E-commerce has become a common place for Indonesians to shop. Want to know who is the most popular? Of course, there are many e-commerce options for Indonesians. From shopping for fashion, food, gadgets to hobbies and toys, everyone is looking to e-commerce. Reporting from GoodStats, Statista once presented the most popular e-commerce data […]