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CAIRO: Agthia Group held its General Assembly Meeting today, where shareholders endorsed the board’s proposal for a dividend of 10.31 fils per share, totalling AED 85.7 million for the first half of 2024.
This marks a 25 percent year-on-year increase…
The European Central Bank decided today to cut interest rates by a quarter of a percentage point to 3.50 percent, making its second reduction to the deposit rate this year after the worst wave of inflation in years prompted it to raise borrowing costs…
The main stock indices on the Wall closed sharply higher at the end of trading today.
The S and P 500 index ended trading up 56.42 points, or 1.03 percent, to close at 5,551.94 points. The Nasdaq Composite Index rose 365.06 points, or 2.14 percent, t…
ABU DHABI: Moody’s Ratings has forecast that the profitability of Islamic banks in Gulf Cooperation Council (GCC) countries will remain strong over the next 12 to 18 months.
In its report today, the agency attributed the strong profitability of Gulf …
Gold prices firmed on Thursday after US inflation data all but guaranteed a Federal Reserve rate cut next week, while traders awaited more economic data from the US.
Spot gold was up 0.4 percent at USD 2,521.29 per ounce, while US gold futures edged …
The main stock indices on the Wall closed sharply higher at the end of trading today.
The S and P 500 index ended trading up 56.42 points, or 1.03 percent, to close at 5,551.94 points. The Nasdaq Composite Index rose 365.06 points, or 2.14 percent, t…
ABU DHABI: Moody’s Ratings has forecast that the profitability of Islamic banks in Gulf Cooperation Council (GCC) countries will remain strong over the next 12 to 18 months.
In its report today, the agency attributed the strong profitability of Gulf …
European stocks rose Thursday after the European Central Bank (ECB) cut interest rates by 25 basis points to 3.5 percent.
The pan-European Stoxx 600 index rose 0.8 percent to 511.98 points at the close, recording its highest level in a week, and all …
Kuwait city: Sheikh Jarrah Jaber Al-Ahmad Al-Sabah, Minister of Foreign Affairs of the State of Kuwait, held two phone calls