Latest news with #262
Barnama
22-07-2025
- Business
- Barnama
CPO Futures Close Higher, Tracking Stronger Soybean Oil
CPO Futures Close Higher, Tracking Stronger Soybean Oil By Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, July 22 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Tuesday, tracking rising soybean oil futures on the Chicago Board of Trade (CBOT) and the crude degummed soybean oil (CDSBO) market in South America overnight. Sunvin Group head of commodity research, Anilkumar Bagani, said the rapeseed oil futures traded on the Zhengzhou Commodity Exchange (ZCE) and a stronger ringgit against the US dollar capped the gains in palm oil. 'According to The Malaysian Palm Oil Council (MPOC), palm oil prices are expected to trade between RM4,100 to RM4,300 per tonne over the next month. The projection was driven by a strong soybean oil market and festive demand from India,' he told Bernama. Palm oil trader David Ng said the commodity's prices were boosted by stronger soybean oil and Dalian palm olein prices. 'We see support at RM4,200 and resistance at RM4,400,' he added. At the close, the spot-month August contract gained RM22 to RM4,196 per tonne, the September 2025 contract added RM30 to RM4,246, and the October 2025 contract rose RM39 to RM4,264. The November 2025 contract advanced RM42 to RM4,271, December 2025 climbed RM43 to RM4,270, and January 2026 gained RM38 to RM4,262 per tonne. Trading volume eased to 75,575 lots from 75,830 on Monday, while open interest declined to 231,767 contracts from 235,195 previously. The physical CPO price for July South inched up by RM20 to RM4,220 per tonne. -- BERNAMA
Canberra Times
14-07-2025
- Business
- Canberra Times
Bitcoin tops $US120,000 for the first time
"It's been a very, very, strong move over the past six or seven days and it's hard to see where it stops now; it looks like it can easily have a look at the $US125,000 ($A190,262) level," he said.
TimesLIVE
30-06-2025
- Automotive
- TimesLIVE
Mansour Ojjeh McLaren car collection could fetch $70m at auction
A unique collection of 20 barely used McLaren road cars that belonged to the Formula One team's late co-owner Mansour Ojjeh is being put up for sale, with hopes a very wealthy buyer might keep it together. Classic and historic car dealer Tom Hartley Jnr announced on Sunday he had been appointed by Ojjeh's family to handle the sale, which could fetch more than $70m (R1,242,262,000). Hartley also oversaw the sale earlier this year of former F1 supremo Bernie Ecclestone's collection of 69 historic grand prix and Formula One racers to Red Bull heir Mark Mateschitz. Ojjeh's collection includes the last model of the McLaren F1 to be built, finished in a unique "Yquem" colour that was subsequently renamed "Mansour Orange" by McLaren and which has just over 1,800km on the clock. Only 106 of the McLaren F1 sportscars were made between 1992 and 1998, and a 1995 one that had done less than 390km sold for $20.4m (R362,119,380) in a 2021 auction at Pebble Beach, California. All the other cars are in the same orange colour and all are the final chassis made of each model. Apart from the F1 and a P1 GTR, the cars are all unused and have been maintained by the manufacturer. Accompanying photographs showed them displayed at the Bahrain F1 circuit.
Al Etihad
25-06-2025
- Business
- Al Etihad
GPSSA board approves final budget for 2024
25 June 2025 21:31 ABU DHABI (WAM)Mubarak Rashed Al Mansoori, Chairman of the Board of Directors of the General Pension and Social Security Authority (GPSSA), chaired the third board meeting on Wednesday June 25, 2025, in the presence of members of the board and subsidiary Mansoori began the meeting by welcoming members of the board who then proceeded to discuss the meeting agenda, approve the minutes of the previous meeting and review GPSSA's leadership decisions and recommendations, as well as those taken by the subsidiary committees, namely: the Higher Committee for Human Resources and Remuneration, the Investment Committee, the Audit and Risk Committee, and the Development and Improvement GPSSA discussed and approved the investment sector's strategy and the final budget for 2024 as recommended and approved by the Council of Ministers. The financial performance report for April 2025 and the developments in GPSSA's Ma'ashi digital platform were also highlighted, alongside other topics on the agenda that required appropriate statistics for May 2025 indicate that the number of contributors has increased to 157,979 in comparison to 130,678 in May of last year, showing a rise of 27,301 contributors. The number of employers registered with the GPSSA increased to 20,288 compared to 16,526 in May of last year, an increase of 3,762 employers. Additionally, the number of pensioners in May 2025 have increased to 21,417 in comparison to 20,516 pensioners for the same period last year and the number of beneficiaries reached 8,408 compared to 8,314 for May of last year, while the value of pensions disbursed for May 2025 amount to Dh478,686,572.69 compared to Dh451,262,595.96 for the same month last year, showing an evident increase of Dh27,423,977.
Gulf Today
22-05-2025
- Gulf Today
Abu Dhabi man told to return Dhs25,262 he fraudulently used through another person's credit card
The Abu Dhabi Family, Civil and Administrative Cases Court obligated a person to return Dhs25,262 to another man and fined him Dhs3,000 after the former used the latter's credit card to buy tickets to a UAE museum via the Google search engine. After the amount had been deducted from his account, the victim learned that he was a victim of fraud and consequently filed a lawsuit against the defendant, who was convicted of embezzlement. Under the lawsuit he filed, the plaintiff requesting the court to obligate the defendant to pay him Dhs51,000 as the value of the financial claim plus a compensation for the material and psychological harms he sustained and settle the incurred fees and expenses. As evidence of his lawsuit, the plaintiff submitted photocopies of the referral decision from the Alternative Dispute Resolution Department and the verdict issued in a previous lawsuit in which the defendant was convicted in absentia and fined Dhs30,000. The plaintiff pleaded that the defendant embezzled money from his credit card to buy tickets for a UAE museum, adding that he later received a one-time password and Dhs25,262 was deducted from his account with Abu Dhabi bank. He then learned that he was a victim of fraud and consequently filed a lawsuit under which the defendant was convicted of embezzlement. The plaintiff stated that as he suffered material and moral harms in his personal life, given that he was the sole breadwinner for his family, was undergoing medical treatment and needed money to pay to his bank, he was prompted to file the present lawsuit. The court explained that it was evident that the defendant was convicted of illegally using the data of the plaintiff's credit card with the intention of embezzling a sum of money owned by the plaintiff through an information technology means, as stated in the papers. Further investigations showed that the beneficiary of the purchases made via the plaintiff's credit card was the defendant and that there was no relationship between the two parties. As the defendant appeared before the court but did not provide evidence that he had returned the amount, the court ruled that he be obligated to return the amount claimed. As far as the request for compensation is concerned, the court stated that the defendant had committed an error by unlawfully embezzling the amounts claimed, which resulted in material harm on the part of the plaintiff. Taking into consideration the moral harms that the plaintiff sustained due to what the defendant did as embodied by grief and sorrow, the court estimated the compensation due to be paid by the defendant to the plaintiff at Dhs3,000.
