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Business

Kuwait’s NREC posts Q1 profits of KD 2.9 mln

Kuwait’s National Real Estate Company (NREC) announced that its net profits reached KD 2.9 million (approximately USD 9.4 million) in the first quarter of 2024, with dividends per share amounting to 1.62 fils.

The Vice Chairman and Chief Executive Of…

Egypt receives USD 14 bln from UAE for Ras Al-Hikma City

Egypt has received USD 14 billion from the UAE as the second payment for the development of Ras al-Hikma City, Egyptian Prime Minister Mostafa Madbouli said Wednesday.

During the weekly cabinet meeting, Madbouli said in a statement, “we have started …

Alba discloses its financial results for Q1 of 2024

Manama, Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters, has reported a Profit of BD24.5 million ($65 million) for the first quarter of 2024, a drop of 48% Year-over-Year (YoY), versus a Profit of BD47.5 million ($126.2 million…

Casablanca Stock Exchange Opens in Green

Casablanca – The Casablanca Stock Exchange began trading in the green on Tuesday, with its main index, the MASI, gaining 0.05% to 13,548.27 points.

On Monday, the MASI had closed with a gain of 0.11%.

Source: Agence Marocaine De Presse

US Pres. raises tariffs on varied imports of China

WASHINGTON, The White House announced Tuesday that President Joe Biden is raising tariffs on China’s imports through vital strategic sectors for US economy and national security.

In response to China’s unfair trade practices and to counteract the res…