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
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In order to “reward work”, as emphasized by the Minister of Pensions, Karine Lalieux (PS), and the Minister of the Independents, David Clarinval (MR), a new pension bonus appears. This bonus is a net amount that will be granted to people who defer their pension beyond the time when they could have retired early. This … Read more
After gold recorded a record level of $2,305.04, on Thursday, April 4, 2024, and the yellow metal has increased 2.6 percent since the beginning of the week, and American gold futures contracts rose 0.1 percent to $2,310.40, so when will the price of an ounce of gold reach $3,000? The successive rises in the price … 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
Daylight Saving Time Arrives: Don’t Forget to Change Your Clocks Daylight Saving Time is here, and while we warned you, if you forget to change your clocks, you can’t blame anyone else. The clocks have sprung forward, and we’re all losing an hour of sleep. But what exactly is Daylight Saving Time? The Origins and … 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