Latest news with #548


Gulf Today
05-07-2025
- Business
- Gulf Today
Opec+ group committed to market stability
The eight Opec+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 5 July 2025, to review global market conditions and outlook. In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on 5th December 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1st April 2025, the eight participating countries will implement a production adjustment of 548 thousand barrels per day in August 2025 from July 2025 required production level. This is equivalent to four monthly increments as detailed in the table below. The gradual increases may be paused or reversed subject to evolving market conditions. This flexibility will allow the group to continue to support oil market stability. The eight Opec+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation. The eight countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation, including the additional voluntary production adjustments that were agreed to be monitored by the JMMC during its 53rd meeting held on 3rd April 2024. They also confirmed their intention to fully compensate for any overproduced volume since January 2024. The eight Opec+ countries will hold monthly meetings to review market conditions, conformity, and compensation. The eight countries will meet on 3rd August 2025 to decide on September production levels. WAM


Gulf Today
23-05-2025
- Business
- Gulf Today
Pension payments for May to be disbursed Tuesday: GPSSA
The General Pension and Social Security Authority (GPSSA) announced that a total of Dhs831,363,259.82 worth of pension payments will be disbursed on Tuesday 27th May 2025, an increase of Dhs52,814,510 from May 2024, when pension payments totalled Dhs778,548,749.06. The payments will benefit a total of 49,910 pensioners and beneficiaries, an increase of 1,760 from the 48,150 who received disbursements in May 2024. Pension payments are disbursed to civilians subject to the laws implemented by the GPSSA as well as to eligible pensioners and beneficiaries whose files are managed by the GPSSA on behalf of the Ministry of Finance and in accordance with the pension laws by which they are subject to. WAM


Associated Press
27-04-2025
- Sport
- Associated Press
Mariners and Marlins square off in series rubber match
Miami Marlins (12-14, fourth in the NL East) vs. Seattle Mariners (15-12, first in the AL West) Seattle; Sunday, 4:10 p.m. EDT PITCHING PROBABLES: Marlins: Max Meyer (2-2, 2.10 ERA, 1.07 WHIP, 41 strikeouts); Mariners: Logan Evans (0-0) BETMGM SPORTSBOOK LINE: Mariners -151, Marlins +127; over/under is 7 1/2 runs BOTTOM LINE: Both the Seattle Mariners and the Miami Marlins are looking for a series win with a victory on Sunday. Seattle is 15-12 overall and 9-6 in home games. The Mariners have a 5-3 record in games decided by one run. Miami is 12-14 overall and 4-6 on the road. Marlins hitters have a collective .383 slugging percentage to rank ninth in the NL. Sunday's game is the third time these teams square off this season. TOP PERFORMERS: Cal Raleigh leads the Mariners with nine home runs while slugging .548. John Paul Crawford is 14-for-37 with a double, a home run and nine RBI over the past 10 games. Otto Lopez has five doubles and two home runs while hitting .213 for the Marlins. Eric Wagaman is 11-for-38 with four doubles and two home runs over the last 10 games. LAST 10 GAMES: Mariners: 7-3, .277 batting average, 3.52 ERA, outscored opponents by 22 runs Marlins: 4-6, .259 batting average, 6.55 ERA, outscored by 19 runs INJURIES: Mariners: Logan Gilbert: 15-Day IL (forearm), Gregory Santos: 15-Day IL (knee), Victor Robles: 60-Day IL (shoulder), Ryan Bliss: 60-Day IL (biceps), George Kirby: 15-Day IL (shoulder), Matt Brash: 15-Day IL (ucl), Jackson Kowar: 60-Day IL (elbow) Marlins: Robert Jacob Brantly: 10-Day IL (lat), Griffin Conine: 60-Day IL (arm), Derek Hill: 10-Day IL (hand), Nick Fortes: 10-Day IL (oblique), Declan Cronin: 15-Day IL (hip), Ryan Weathers: 15-Day IL (forearm), Andrew Nardi: 60-Day IL (back), Braxton Garrett: 60-Day IL (elbow), Eury Perez: 60-Day IL (elbow) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.

Yahoo
27-04-2025
- Sport
- Yahoo
Mariners and Marlins square off in series rubber match
Miami Marlins (12-14, fourth in the NL East) vs. Seattle Mariners (15-12, first in the AL West) Seattle; Sunday, 4:10 p.m. EDT PITCHING PROBABLES: Marlins: Max Meyer (2-2, 2.10 ERA, 1.07 WHIP, 41 strikeouts); Mariners: Logan Evans (0-0) Advertisement BETMGM SPORTSBOOK LINE: Mariners -151, Marlins +127; over/under is 7 1/2 runs BOTTOM LINE: Both the Seattle Mariners and the Miami Marlins are looking for a series win with a victory on Sunday. Seattle is 15-12 overall and 9-6 in home games. The Mariners have a 5-3 record in games decided by one run. Miami is 12-14 overall and 4-6 on the road. Marlins hitters have a collective .383 slugging percentage to rank ninth in the NL. Sunday's game is the third time these teams square off this season. TOP PERFORMERS: Cal Raleigh leads the Mariners with nine home runs while slugging .548. John Paul Crawford is 14-for-37 with a double, a home run and nine RBI over the past 10 games. Advertisement Otto Lopez has five doubles and two home runs while hitting .213 for the Marlins. Eric Wagaman is 11-for-38 with four doubles and two home runs over the last 10 games. LAST 10 GAMES: Mariners: 7-3, .277 batting average, 3.52 ERA, outscored opponents by 22 runs Marlins: 4-6, .259 batting average, 6.55 ERA, outscored by 19 runs INJURIES: Mariners: Logan Gilbert: 15-Day IL (forearm), Gregory Santos: 15-Day IL (knee), Victor Robles: 60-Day IL (shoulder), Ryan Bliss: 60-Day IL (biceps), George Kirby: 15-Day IL (shoulder), Matt Brash: 15-Day IL (ucl), Jackson Kowar: 60-Day IL (elbow) Marlins: Robert Jacob Brantly: 10-Day IL (lat), Griffin Conine: 60-Day IL (arm), Derek Hill: 10-Day IL (hand), Nick Fortes: 10-Day IL (oblique), Declan Cronin: 15-Day IL (hip), Ryan Weathers: 15-Day IL (forearm), Andrew Nardi: 60-Day IL (back), Braxton Garrett: 60-Day IL (elbow), Eury Perez: 60-Day IL (elbow) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.


Al Etihad
11-04-2025
- Business
- Al Etihad
TC MENA increases offer price in bid to acquire 100% of Gulf Cement
11 Apr 2025 22:15 REDDY (ABU DHABI)TC MENA Holdings (TCM), which has launched a bid to acquire a 100% stake in Gulf Cement Company (GCC), a publicly listed entity on the Abu Dhabi Securities Exchange (ADX), has amended its offer a stock market disclosure, GCC said TC MENA Holdings has increased the offer price from Dh0.56 per share to Dh0.75 per share. The last date for shareholders to avail of the offer has also been extended from April 10 to April 24.'The company shareholders who have tendered their shares before April 10 will also be entitled to receive Dh0.75 per share,' the disclosure TCM holds a 37.58% stake in GCC. In its bid for full ownership, the company has extended a mandatory cash offer to purchase all remaining shares at the newly revised price of Dh0.75 per share.'The revised offer price represents a substantial premium over both the initial offer and the prevailing market price, and is intended to serve as a compelling proposition to all shareholders,' the statement said.'The increased offer price underscores our confidence in the long-term value of GCC and our desire to establish a positive engagement with its shareholder base from the outset,' TCM shares closed at Dh0.71 on Friday, valuing the company at approximately Dh293 million at that success of the acquisition depends on TCM securing a minimum ownership of 50% plus one share, when combined with its existing shareholding, through voluntary acceptance by Cement Company, established on May 31, 1977, is a major cement manufacturer in the region. It was founded through a decree issued by the Ruler of Ras Al Khaimah. The company operates from a strategically located production facility near Saqr Port in RAK, facilitating efficient distribution to markets across the Middle East, Asia, and Africa. GCC's product portfolio includes essential construction materials such as sulphate-resistant cement and ordinary Portland Cement became publicly listed on the ADX on February 26, 2002. The company currently has an issued and paid-up share capital of Dh410,548,410, divided into an equal number of ordinary shares with a nominal value of Dh1.00 MENA Holdings is a private company incorporated in the Abu Dhabi Global Market (ADGM). Its ownership structure comprises a 90% stake held by Buzzi S.p.A, a publicly listed Italian company, and 10% held by Diarkis Holdings Ltd, which is wholly owned by Jose Bernardo Sena Peralta. Upon successful completion of the transaction, TCM has stated its intention to retain Gulf Cement Company's commercial registration and trade name.