Sector Reports

Mubasher: The Saudi crude oil production surged by 20,000 barrels per day (bpd) to hit 9.03 million bpd in March 2024 compared with 9.01 million bpd in February, according to the latest OPEC report. The average crude oil production by Saudi Arabia …

Mubasher: The performance of the capital markets in the Arab region was mixed during the holy month of Ramadan, with five markets rising and eight declining. The Palestine Exchange was the top performer, with the main index increasing by 20.48% …

UAE – Mubasher: Dubai-based marketplace aggregator YallaHub has entered a strategic cooperation with Synergetic, an eco-friendly brand, for the purpose of endorsing the UAE home and laundry care market, which is expected to hit $534.30 million by …

Cairo – Mubasher: Egypt registered a 6.10% increase in tourism revenues to $7.80 billion in the first six months (6M) of the fiscal year (FY) 2023/2024. The recorded amount is compared to$7.30 billion a year earlier, according to official data. …

Mubasher: The number of flights between the UAE and Saudi Arabia surged by 13.30% during March amid increasing demand from those planning to perform Umrah rituals during the holy month of Ramadan. The month of Ramadan witnessed nearly 383 weekly …

Cairo – Mubasher: Egypt's overall balance of payments (BOP) deficit reached $409.60 million in the first half (H1) of fiscal year (FY) 2023/2024, registering a surplus of $599.10 million in the same period the previous year. The current account …

Cairo – Mubasher: Egypt’s annual headline urban consumer price index (CPI) inflation retreated to 33.1% in March 2024 from 36% in February, recording 221.6 points. The Central Agency for Public Mobilization and Statistics (CAPMAS) highlighted that …

Riyadh – Mubasher: Online shopping in Saudi Arabia is expected to record a surge across many major retail and service categories during the month of Ramadan in 2024, which reflects the trust digital payment ecosystem is gaining in the Kingdom, …

UAE – Mubasher: EmiratesNBD Research cited preliminary estimates by the Statistics Centre - Abu Dhabi indicating that the capital of the UAE registered a 3.1% growth in real GDP during 2023. The non-oil sector, which expanded by 9.1% yet …

UAE - Mubasher: The UAE’s seasonally adjusted Purchasing Managers' Index (PMI) went down to 56.9 last March from 57.1 in February 2024, according to the latest S&P Global PMI data. The data reflected the joint-fastest accumulation of backlogs of …

Riyadh – Mubasher: The headline seasonally adjusted Purchasing Managers’ Index (PMI) of Saudi Arabia dipped from 57.2 in February to 57.0 in March 2024, according to Riyad Bank’s latest data. The PMI reading highlighted a robust improvement in …

Cairo – Mubasher: Egypt’s net international reserves increased to $35.24 billion at the end of January 2024 from $35.21 billion in December 2023. The registered amount was also higher than $35.17 billion at the end of November 2023, according to …

Cairo – Mubasher: Egypt’s headline seasonally adjusted Purchasing Managers’ Index (PMI) recorded a further decline in operating conditions at the start of 2024, according to the latest S&P Global PMI data. The PMI declined to 48.1 in January 2024 …

Riyadh – Mubasher: The headline seasonally adjusted Purchasing Managers’ Index (PMI) of Saudi Arabia dropped to 55.4 in January from 57.5 in December 2023, according to Riyad Bank’s latest data. The PMI reading was at its lowest level in exactly …

UAE - Mubasher: The UAE’s seasonally adjusted Purchasing Managers' Index (PMI) hit 56.6 in January 2024, lower than 57.4 in December 2023, according to the latest S&P Global PMI data. This PMI marks the lowest reading for five months, while job …

Cairo – Mubasher: Moody's Investors Service changed the outlook on Egypt’s government to negative from stable and affirmed the 'Caa1' long-term foreign as well as local currency issuer ratings. The rating agency also affirmed the Arab Republic's …

Cairo – Mubasher: The headline seasonally adjusted Purchasing Managers’ Index (PMI) of Egypt rose to 48.5 in December 2023 from 48.4 last November, according to the latest S&P Global PMI data. The index highlighted a modest deterioration in the …

UAE - Mubasher: The seasonally adjusted Purchasing Managers' Index (PMI) of the UAE increased to 57.4 in December 2023 from 57 last November, according to the latest S&P Global PMI data. The PMI reading recorded its second-highest reading since …

Riyadh – Mubasher: Saudi Arabia’s headline seasonally adjusted Purchasing Managers’ Index (PMI) remained unchanged at 57.5 in December 2023 when compared to November a month earlier, according to Riyad Bank’s latest data. The reading marked an …

Riyadh – Mubasher: Non-oil exports from Oman to Saudi Arabia climbed by 25.50% to OMR 774 million year-on-year (YoY) until September 2023, according to the Omani Ministry of Commerce, Industry, and Investment Promotion (MoCIIP). Jassim bin Saif Al …

Mubasher: Kuwait's trade deficit with the GCC countries dropped in the second quarter (Q2) of 2023 to its lowest level since Q1-22 when it recorded KWD 262.30 million, driven by higher exports and lower imports. Kuwait registered a trade deficit …

Cairo – Mubasher: The budget deficit-to-gross domestic product (GDP) ratio of Egypt rose to 3.85% during the first quarter (Q1) of fiscal year (FY) 2023/2024, compared to 2.05% in the same quarter a year ago, according to the Ministry of Finance's …

UAE – Mubasher: Hong Kong's Monetary Authority (HKMA) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) signed a memorandum of understanding (MoU) to deepen their ongoing partnership on fintech. The MoU aims …