Sector Reports

(Photo Credit: Arabianeye-Reuters)
23 April 03:27 PM Net foreign sales on Tadawul amount to SAR 166m in week
Riyadh – Mubasher: Net sales of foreign investors reached SAR 165.61 million last week, ended 20 April, according to the Saudi Stock Exchange’s (Tadawul) statistics. The total value of shares purchased by foreign investors during this period …
(Photo Credit: Arabianeye-Reuters)
20 April 12:11 PM NCB Capital sets Qassim Cement PT at SAR 60
Riyadh – Mubasher: NCB Capital set the price target (PT) of Qassim Cement at SAR 59.7, with a "neutral" recommendation. The research firm noted that the cement company’s results for the first quarter of the year came below its estimates of SAR …
Photo Credit: Arabianeye-Reuters
18 April 05:19 PM Kuwait credit value rises 3.3% in February
Mubasher: The banks in Kuwait posted a growth of 3.3% in credit value at KWD 34.4 billion in February; the lowest credit growth in five years, according to a recent report issued by Kuwait Finance House (KFH). The granted loans edged up by 0.6% in …
(Photo Credit: Press release)
18 April 12:04 PM Saadiyat Island resilient against pressure on Abu Dhabi rents – Asteco
Abu Dhabi – Mubasher: Apartment rental rates dropped 3% quarter-on-quarter in the first three months of 2017, and 8% over the last twelve months, according to a recent report. A combination of reduced public spending, business contraction, a …
Total Middle East international investment into the UK topped AED 15.1 billion in 2016 - (Photo Credit: Arabianeye-Reuters)
17 April 08:29 PM UK investors to visit UAE, reinforce trade relations
Dubai – Mubasher: A UK government-led delegation of Investors are scheduled to visit the UAE in April to hold investment talks and deals with Middle East investors and reinforce the investment and trade relationships between the two regions. The …
(Photo Credit: Press release)
16 April 12:26 PM Landlords lure Oman tenants with innovative approaches – Cluttons
Mubasher: Landlords are at the mercy of tenants in Oman, as subdued economic activity and low demand force flexible, innovative, and revised approaches onto the market to entice prospective tenants, according to a report. The Cluttons Muscat …
(Photo Credit: Press release)
12 April 03:12 PM 2017 sees prices drop in Abu Dhabi real estate market – Chestertons
Abu Dhabi – Mubasher: Abu Dhabi’s real estate market saw rent and sales prices of apartments and villas collectively fall in the first quarter of 2017, as economic uncertainty continues, the job market slugs, and the oil and gas sector shrinks, …
(Photo Credit: Arabianeye-Reuters)
12 April 02:26 PM KSA boosts telecom spending to SAR 35bn in 2016 – Report
Riyadh – Mubasher: Saudi Arabia’s telecommunications and technology market is considered one of the largest in the Middle East, according to AbdulAziz bin Salem Al Rowais, governor of the Kingdom’s Communications and Information Technology …
(Photo Credit: Arabianeye-Reuters)
11 April 06:39 PM Corporate governance, succession issues hinder GCC family-run businesses - Report
Mubasher: Family businesses in the GCC region are facing serious challenges in today’s highly competitive business environment, according to report released by Orient Planet Research on Tuesday. Some of the region’s largest publicly listed …
(Photo Credit: Arabianeye-Reuters)
11 April 05:53 PM Activity hike expected in Jeddah’s real estate market – JLL
Riyadh – Mubasher: Jeddah’s rental values in the housing sector dropped 9% quarter-on-quarter and 8.5% year-on-year in the first quarter of 2017, pushed down by the economic slowdown and departure of expatriates, according to a new report by JLL. …
(Photo Credit: Arabianeye-Reuters)
11 April 05:30 PM UAE airports’ passengers reach 33.12m in Q1
Dubai – Mubasher: Data by the General Civil Aviation Authority (GCAA) showed a 7.3% increase in the number of passengers passing through the UAE’s airports during the first quarter of 2017. Passenger traffic reached 33.12 million, compared to …
(Photo Credit: Arabianeye-Reuters)
11 April 03:48 PM KSA, oil giants put heads together ahead of Aramco IPO
Riyadh - Mubasher: In an attempt to diversify investments in the field, Saudi Arabia is discussing investment opportunities in the oil and gas sector with major international companies, including BP, Chevron, and Eni, Reuters reported on Tuesday. …
Mohamed Abdel Salam, MCDR chairman - (Photo Credit: Company Website)
11 April 12:02 PM MCDR issued 24,000 e-signatures - Chairman
By: Mostafa Adel Cairo - Mubasher: The chairman and managing director of Misr for Central Clearing, Depository and Registry (MCDR) said that the company has issued 24,000 electronic signatures since the service was activated. Mohamed Abdel Salam …
The Egyptian minister of petroleum and mineral resources, Tarek El-Molla - (Photo Credit: Arabianeye-Reuters)
10 April 06:31 PM Egypt paid $2.8bn of foreign companies’ arrears in 3 years
Cairo - Mubasher: The Egyptian minister of petroleum and mineral resources, Tarek El-Molla, said on Monday that Egypt has repaid $2.8 billion of outstanding debts to foreign companies in the last three years. El-Molla added in an interview with …
The International Monetary Fund - (Photo Credit: Arabianeye-Reuters)
10 April 05:36 PM Trade's role in economic growth weakened in 21st century - Report
Mubasher: The role of trade in the global economy is at a critical juncture due to the slowing reforms in the last 17 years, according to a joint report published on Monday by the International Monetary Fund (IMF), the World Bank, and the World …
(Photo Credit: Arabianeye-Reuters)
10 April 11:31 AM KSA telecom sector sees ‘intense competition’ in Q1-17 – Riyad Capital
Riyadh – Mubasher: The first quarter of the year saw an intense competition among the three Saudi telecom operators to regain market share, ever since the disconnection of SIMs on the back of biometric verification, according to Riyad Capital. The …
March cement sales in KSA totalled 4.71 million tonnes - (Photo Credit: Arabianeye-Reuters)
9 April 06:11 PM Saudi cement sales down 20% in March
Riyadh – Mubasher: Cement-producing companies operating in Saudi Arabia saw a decrease in sales by 19.5% in March, according to a recent report. Cement sales totalled 4.71 million tonnes last month down from 5.85 million tonnes in March 2016. …
(Photo Credit: Arabianeye - Reuters)
9 April 03:50 PM Number of KSA hotels rises 6% in 2017
Riyadh – Mubasher: The number of hotels in Saudi Arabia has risen 6% in 2017 to reach 2,040, compared to 1,900 at the end of last year, the Saudi Commission for Tourism and National Heritage stated. The authority reported that the number of …
(Photo Credit: Press release)
9 April 03:33 PM Dubai off-plan sales rise 45% in Q1-17 – Chestertons
Dubai – Mubasher: The number of transactions for off-plan properties in Dubai soared 45% in the first quarter of 2017, according to a report by Chestertons. The number of transactions for ready properties in the same period went up 4%, as overall …
(Photo Credit: Arabianeye - Reuters)
9 April 12:31 PM Low demand spurs flexible Abu Dhabi real estate deals - Cluttons
Abu Dhabi – Mubasher: Landlords are starting to offer more flexible rates and incentives to occupants in order to fight against the high vacancy rate in Abu Dhabi’s real estate market, as weak economic conditions, rising inflation, and high costs …
(Photo Credit: Arabianeye - Reuters)
9 April 11:35 AM Qatar growth to pick up in 2017 – QNB
Mubasher: QNB Group expects Qatar’s growth to strengthen in 2017, as real gross domestic production (GDP) stood at 1.7% in the fourth quarter of 2016 and 2.2% on an annual basis, according data released by Qatar’s Ministry of Development Planning …
(Photo credit: Arabianeye-Reuters)
6 April 08:42 PM Egypt inflation to hit 29% in 2017, to drop in 2018 – Capital Economics
Cairo – Mubasher: Egypt's inflation is expected to surge to 29.0% in 2017 from 13.8% in 2016 and 10.4% in 2015, Capital Economics said in a new report released Thursday. It noted that inflation was expected to drop once more to 12.5% in 2018. …
(Photo Credit: Arabianeye- Reuters)
6 April 05:24 PM Kuwait 722-project strong construction sector worth KWD 71.5bn – Report
Mubasher: A study by dmg events Middle East, Asia and Africa stated that Kuwait’s construction sector currently has 722 active projects worth KWD 71.5 billion ($234.4 billion), according to Construction Week Online. The study explained that …
Photo Credit: Arabianeye-Reuters
5 April 06:03 PM NCBC sets eXtra TP at SAR 26.3/shr
Riyadh - Mubasher: NCB Capital (NCBC) has set the target price (TP) of United Electronics Company (eXtra) at SAR 26.3, with a "Neutral" recommendation. eXtra reported a better than expected set of results in the first quarter of 2017, with a net …
Photo Credit: The Fund's website
5 April 04:02 PM Arab insurance premiums reach $35bn in 2016
Mubasher: Insurance premiums in Arab countries amounted to $35 billion by the end of 2016, according to head of the Arab Monetary Fund (AMF) Abdulrahman Abdallah Al Hamidy. The insurance premiums’ annual growth rate in the Arab world reached 6% …