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UNBE logged a profit of EGP 191.4 million in H1
18 September 05:36 PM ADCB not to make MTO to acquire UNBE – Egypt’s FRA
Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) said that Abu Dhabi Commercial Bank (ADCB) is not obliged to make a mandatory tender offer (MTO) to acquire a 96.64% stake in Union National Bank – Egypt (UNBE). ADCB will not make an …
18 September 05:34 PM US crude oil inventories rise as futures extend drop
Mubasher: US crude oil stockpiles climbed by 1.1 million barrels to 417.1 million barrels in the week ended 13 September.
18 September 05:06 PM Trump orders to ‘substantially’ tighten sanctions on Iran
Mubasher: US President Donald Trump on Wednesday said he ordered the Treasury Department to “substantially increase” sanctions against Iran, according to CNBC.
The deal is in line with Etisalat’s strategy
18 September 04:58 PM Etisalat acquires cyber security company
Abu Dhabi – Mubasher: Emirates Telecommunications Group Company (Etisalat) has acquired 100% of cybersecurity company Help AG, according to a bourse statement released on Wednesday. The deal is in line with Etisalat’s strategy to enhance and …
Saudi Arabia topped the Arab list with $180.8 billion US investments
18 September 04:54 PM UAE cuts holdings of US Treasury bonds in July
UAE – Mubasher: The UAE has reduced its holdings of the US Treasury bonds by 4.2% or $2.2 billion month-on-month (MoM) during July 2019. MoM, the US Treasuries fell to $49.3 billion in July 2019 from $51.5 billion, the US Department of the …
Al Salam Bank is dualy listed on Bahrain Bourse & DFM
18 September 04:46 PM Al Salam Bank continues buying treasury shares
Mubasher: Al Salam Bank announced that it has purchased 120,000 treasury shares on the Dubai Financial Market (DFM) and Bahrain Bourse (BHB) during Tuesday’s session 17 September, according to a bourse disclosure on Wednesday. The bank’s total …
18 September 04:29 PM US bond yields fall before Fed’s policy decision
Mubasher: US debt bond yields dropped on Wednesday, amid expectations of a second interest rate cut is expected.
The deal was concluded at a total value of $631 million
18 September 04:01 PM Aramco acquires Shell’s stake in Saudi refining JV for $631m
Riyadh – Mubasher: The Saudi oil giant Aramco has completed the acquisition of Shell’s 50% stake in their Saudi Aramco Shell Refinery Co (SASREF), affiliated to Shell Saudi Arabia Limited, situated in Jubail Industrial City. The deal was concluded …
18 September 03:48 PM Updated US private housing permits climb in August
Mubasher: US housing units authorised under building permits surged by 7.7% last August to an adjusted annual rate of 1.419 million.
18 September 03:18 PM UK on course for no-deal departure – EU warns
Mubasher: London’s ideas for solving the sticking point of the Irish border seemed unlikely to help in reaching an agreement ahead of the departure.
Aldar Properties grew by 0.46%
18 September 02:44 PM ADX ends Wednesday in red on blue chips
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index shed 14.59 points, or 0.28%, to close at 5,156.07 points on Wednesday, pressured by blue chips. The banking and telecom sectors went down by 0.46% and 0.36%, …
18 September 02:24 PM US Treasury outlines new foreign investment rules
Mubasher: The US Treasury Department proposed new regulations on foreign investment in US companies, with access to critical technology and sensitive infrastructure.
Emaar Properties shed 1.25%
18 September 02:11 PM DFM closes with AED 2.45bn loss on Wednesday
Dubai – Mubasher: The general index of the Dubai Financial Market (DFM) went down by 26.11 points, or 0.92%, to close at 2,823.56 points on Wednesday The investment, real estate, consumer staples, and banking sectors declined by 0.99%, 0.79%, …
18 September 02:01 PM Gold declines before Fed decision; oil fall supports risk-on sentiment
Mubasher: Gold prices declined on Wednesday as investors anticipated hints on the US Federal Reserve's monetary policy easing approach.
The investment were injected into Wahed through Dubai Cultiv8’s $100 million technology fund
18 September 01:40 PM Dubai Cultiv8 enters investment with US-based Halal-focused FinTech startup
UAE - Mubasher: Dubai Cultiv8 Investments Limited, a wholly-owned subsidiary by Mohammed Bin Rashid Fund for SME, announced a multi-million dollar investment in Wahed Invest, a New York-based Halal-focused investment firm. The investment has been …
18 September 01:17 PM UK house prices rise at slowest pace since 7 yrs
Mubasher: House prices in the UK rose during the 12-month period ended last July, at the slowest pace almost seven years.
Saudi US T-bills holdings rose by 0.67% MoM
18 September 12:58 PM Saudi Arabia raises ownership of US T-bills in July
By: El Sayed Gamal Riyadh – Mubasher: Saudi Arabia increased its holdings of US Treasury bills by 8.4%, or $14 billion, year-on-year, in July 2019. The kingdom’s ownership of US T-bills grew to $180.8 billion at the end of July, compared to $166.8 …
Ithmaar Holding is listed on three stock markets
18 September 12:58 PM Boursa Kuwait halts stocks from trading
Mubasher: Boursa Kuwait announced that it has suspended trading on the stocks of Tamkeen Holding Co and Ream Real Estate Co as they had not submitted the financial statements for the period ended on 30 June 2019. Moreover, Ithmaar Holding and …
18 September 12:39 PM Updated UK consumer inflation hits slowest pace since 2016
Mubasher: The UK’s consumer price index, the headline gauge for the country’s inflation, dropped to 1.7% year-on-year in August, from 2.1% in July.
SAFCO’s feedstock supplieso the company’s plants reached normal levels
18 September 12:29 PM SAFCO’s feedstock supplies reach normal levels
Riyadh – Mubasher: The Saudi Arabian Fertilizer Company (SAFCO) announced that the feedstock supplies to the company’s plants have reached normal levels as of Wednesday, 18 September 2019. Following the evaluation of the final effects, no …
Tasnee will continue working on evaluating the financial effects
18 September 12:28 PM Tasnee’s feedstock supplies curtailment drops to 25%
Riyadh - Mubasher: The National Industrialization Company (Tasnee) said that the shortage in its feedstock supply from Saudi Aramco improved as it went down to 25% approximately from 41%. The company’s feedstock supply is expected to reach normal …
18 September 12:22 PM Eurozone annual inflation stands still in August
Mubasher: Final reading suggested that the Eurozone annual inflation grew at 1% in August, unchanged from the rate in July.
18 September 12:11 PM Japan’s exports extend 9M declining-streak in August
Lenovo’s PC segment has a 25% market share in the UAE
18 September 12:04 PM Lenovo controls 38% of Egypt’s tablet market – Official
By: Fahd Omran Cairo – Mubasher: Revenues generated by Chinese technology firm Lenovo Group Ltd in Europe, Egypt, Jordan, Lebanon, and North and West Africa accounted for 25% of its total revenues which amounted to $51 billion for the fiscal year …
Yansab is still evaluating the final effects
18 September 12:00 PM Yansab feedstock supplies curtailment down to 17%
Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) announced that its feedstock supplies shortage dropped to 17% from 30% following Aramco’s terrorist attacks last Saturday. The feedstock supplies are expected to reach their normal …