Fitch gives UAE banks a stable future outlook
Abu Dhabi – Mubasher: Fitch, in its report entitled “Middle East Banks Outlook 2024,” gave UAE banks a stable future outlook. The agency expected that favorable business and operating conditions for UAE banks would continue in 2024, and real GDP growth would accelerate moderately to 3.9 percent in 2024 (2023: 2.3%); According to the report. […]
Qatari appeal ruling in favor of KAMCO
Kuwait – Mubasher: Kamco Investment Company announced the issuance of an appeal ruling in its favor from the State of Qatar in a financial claim case against the appellant, Hamad Abdullah Al Ibrahim Al-Attiyah, according to a statement from the Kuwait Stock Exchange today, Monday. The subject of the case relates to KAMCO filing a […]
Savings Bank Sunshine Loan funding interest rate rises again… “What about microfinance?” – Money Today
Money Today Reporter Hwang Ye-rim | 2023.12.03 09:35 /Photo = Design Reporter Seonjeong Yoon The loan ceiling interest rate for ‘Sunshine Loan’, a policy financial product operated by a savings bank, has risen again. This is because, as deposit interest rates at savings banks have risen, the interest rate for financing Sunshine Loans has risen. […]
US stocks rose at the end of trading on Tuesday
Live: US stocks rose, at the end of Tuesday’s session, with bond yields declining after Federal Reserve Governor Christopher Waller’s statements that the economic slowdown may return inflation to its target, indicating that there is currently no justification for further raising interest rates. At the end of trading, the Dow Jones Industrial Average rose 0.25%, […]
The Dubai Stock Exchange regains the level of 4,000 points… and Abu Dhabi gains 6 billion dirhams at the close of trading
Muhammad Shaker – Mubasher: UAE financial market indices rose at the close of trading on Tuesday, amid weak pricing of the possibilities of the Federal Reserve raising interest rates next month.. According to data from the UAE financial markets, the gains of the Dubai Financial Market amounted to 2.273 billion dirhams, and the Abu Dhabi […]
European stocks fell at the end of trading on Monday
Live: European stock indices declined at the end of the first session of the week, today, Monday, with the evaluation of economic data indicating that the growth in profits of industrial companies in China slowed significantly during the month of October, which raised concerns about the recovery of the second largest economy in the world. […]
demand reaches record levels
The United States Bureau of Engraving and Printing has seen an unprecedented increase in the production of $50 bills over the past year. According to reports CNNa staggering amount of more than 756 million of these banknotes were printed in 2022, marking the highest figure in more than four decades. This increase in production bucks […]
Oil ends the week’s trading on a decline after the OPEC+ meeting was postponed
Live: Oil futures prices closed today’s trading with a decline after the OPEC Plus meeting was postponed. Futures prices for standard Brent crude for January delivery fell by 1.7%, equivalent to $1.38, at $80.58 per barrel, ending the week almost unchanged, after a series of losses that extended over four weeks.. While the price of […]
MBC: The individual subscription period is 5 days, starting December 14, 2023
Riyadh – Mubasher: MBC Group announced ““MBC The prospectus for the initial public offering in preparation for listing on the main Saudi Tadawul market. MBC revealed, according to the prospectus, that the offering period for individual subscriptions will last 5 days, starting on Thursday, December 14, 2023 AD, and ending until 5 pm on Monday, […]
European stocks rose at the end of Wednesday’s trading
Live: European stock indices rose at the close of trading on Wednesday, with consumer confidence in the euro zone increasing unexpectedly this month. At the end of the session, the European Stoxx 600 index rose 0.3% to 457.2 points, the highest level since September 20, and gains were limited by a decline in the energy, […]