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 […]
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. […]
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, […]
Moody’s: 15% increase in average real estate prices in Dubai and Abu Dhabi
Abu Dhabi – Mubasher: Real estate prices increased by about 15 percent in the Emirates of Dubai and Abu Dhabi from the second quarter of 2021 until this week, with 80,000 units currently under construction. Julien Haddad, Vice President and Chief Analyst at Moody’s Credit Rating Agency, noted that this strong performance reflects the success […]
US stocks open higher and are on track to record weekly gains
Noha Makram – Live – The majority of US stocks opened higher today, Friday, adding to their strong gains during the week, against the backdrop of retail sales updates and a decline in oil, which Wall Street sees as signs of a slowdown in the economy. The S&P 500 index rose by approximately 0.1%, while […]