Sector Reports

Photo Credit: Arabianeye-Reuters
22 March 06:29 PM Egyptian tourism saw biggest drop globally in 2016
Cairo - Mubasher: Tourism activity in Egypt has seen the worst decline among the world’s major touristic destinations in the last year, according to a recent report by the the World Travel and Tourism Council (WTTC). Tourism in Egypt has decreased …
Milk powder prices have been acting in a volatile nature over the past 3 years - (Photo Credit: Arabianeye-Reuters)
22 March 06:01 PM Decline in milk powder prices to support food sector
Cairo - Mubasher: Food companies are expected to maintain prices due to the decline in skimmed milk powder prices year-to-date on the back of extra volumes being sold lately, Pharos Research said in a report on Wednesday. Pharos muted any extra …
Investments in Saudi Tourism set to reach SAR 175 billion in three years - (Photo Credit: SCTH Website)
22 March 01:17 PM Saudi tourism investments reached SAR 151bn in 2016 - SCTH
Riyadh - Mubasher: The Saudi Commission for Tourism and National Heritage (SCTH) said that investments in the tourism sector exceeded SAR 151 billion, while tourist spending reached SAR 168.3 million by the end of last year. A report issued by the …
(Photo credit: Arabianeye-Reuters)
21 March 06:00 PM UAE insurance to grow 20% in 2017
Abu Dhabi – Mubasher: The UAE's insurance sector will likely see significant growth of 15% to 20% in 2017, said Al Ain Al Ahlia Cooperative Insurance's board chairman. The continued decline and fluctuation in oil prices have affected various …
Photo Credit: Arabianeye-Reuters
21 March 04:47 PM Kuwait investments in Dubai property market rise
Mubasher: The number of Kuwaiti investors in the real estate market in Dubai has increased to reach 770 investors during 2016, with investments totalling AED 2 billion, a recent statement said according to Dubai Land Department (DLD). …
President of the Saudi General Authority for Statistics Fahad Bin Sulaiman Al Tekhaifi (Photo credit: Mubasher)
21 March 12:44 PM Unified GCC demographic statistics to be released for 2020 – Official
By: Mohamed Idris Riyadh – Mubasher: The GCC Statistical Centre (GCC STAT) is working on a number of joint projects, including issuing a unified statistical report on the GCC population for the year 2020, said the president of the Saudi General …
Photo Credit: Arabianeye-Reuters
20 March 06:07 PM Tadawul liquidity sees 8-month high on funds’ aggressive buying
Riyadh - Mubasher: After reaching multi-year lows between August and September 2016, the Saudi Stock Exchange’s (Tadawul) traded value increased to hit an eight-month high in December 2016. The Saudi market gained 28% during that period, Al Rajhi …
IDC sees Saudi Arabia as a suitable environment for a strong IT market - (Photo Credit: Arabianeye-Reuters)
20 March 06:03 PM Middle East IT market growth expected to triple by 2021
Mubasher – The cloud infrastructure market in the Middle East is expected to triple in growth to $7.5 billion by 2021, a report by Markets and Markets company showed. Expectations regarding the growth of the information technology (IT) market …
(Photo Credit: Press Release)
20 March 04:14 PM KSA fertile ground for entrepreneurs despite challenges: GEM
Mubasher: More than two thirds of the working age population in Saudi Arabia believe starting a business to be a good career choice, initial results from the 2016/2017 Global Entrepreneurship Monitor (GEM) report on Saudi Arabia showed. The …
Photo Credit: Arabianeye-Reuters
20 March 04:01 PM Kuwait likely to see KWD 6.2bn projects in H1 – NBK
Mubasher: The first half of 2017 is likely to see a growing number of project awards, with a value exceeding KWD 6.2 billion ($20.3 billion), according to a report issued by the National Bank of Kuwait (NBK). At net project value of KWD 806 …
Photo Credit: Arabianeye-Reuters
19 March 07:27 PM EGX food stocks rise on M&A predictions - Report
Cairo - Mubasher: Pharos Research said in a report that the recent hike in stock prices for several food and beverage manufacturers was triggered by news on potential mergers and acquisitions (M&A). “With the sizable population, the favourable …
(Photo credit: Arabianeye - Reuters)
17 March 12:57 PM KSA insurance firms tend to mergers after capital erosion – Analysis
By: Mahmoud Salah Riyadh – Mubasher: Saudi insurance companies tended to carry out mergers, amid expectations that they will be 2017 characteristic of the sector. Technical analyst Abdul Rahman Al Garboua attributed the tendency to mergers to week …
(Photo Credit: Arabianeye-Reuters)
16 March 04:28 PM Iron and Steel rights issue subscribed by 98%
Cairo – Mubasher: Egyptian Iron and Steel (HADISOLB) said its rights issue was subscribed by 98.35%, according to a bourse statement. The number of subscribed shares reached 40.81 million, the company added in its statement to the Egyptian …
(Photo Credit: Company Press Release)
14 March 06:20 PM LEAD, TNI to build sustainable residential community
Abu Dhabi - Mubasher: LEAD Development and Project Management Consultants LLC and The National Investor PJSC (TNI) will build the first sustainable residential community, comprised of villas, apartments, and townhouses, at Masdar City in Abu …
Photo Credit: Arabianeye-Reuters
8 March 07:32 PM Consumer-led sectors dominate M&A deals in KSA - PwC
Riyadh - Mubasher: A late flurry of mergers and acquisitions (M&A) announcements and activity in the fourth quarter of 2016 brought a more positive conclusion to a slow year for M&A deals in Saudi Arabia, said PricewaterhouseCoopers (PwC) in a …
(Photo Credit: Arabianeye-Reuters)
8 March 06:36 PM Saudi CITC marks 48m wireless telecom registrations in Kingdom
Riyadh – Mubasher: The number of subscriptions in wireless telecommunications services reached 48 million subscriptions, while the number of operational landlines in Saudi Arabia reached 3.5 million lines, new data showed. Subscriptions in …
Photo Credit: Arabianeye-Reuters
7 March 07:46 PM Al Rajhi maintains evaluations for 3 petrochem companies
Riyadh - Mubasher: Al Rajhi Capital maintained their rating and price target (PT) for three Saudi petrochemical companies, according to a recent report. The research firm lowered SAFCO’s to SAR 62, and set Sipchem’s at SAR 20.4, while SABIC, …
(Photo Credit: Arabianeye-Reuters)
7 March 12:23 PM Saudi economy likely to slow in H1 - Capital Economics
Riyadh – Mubasher:  Capital Economics’ new report on Saudi Arabia said that its economy “strengthened” in the fourth quarter of 2016 after fiscal austerity adopted by the government eased. Headline gross domestic production (GDP) growth “is likely …
Photo Credit: Arabianeye-Reuters
7 March 06:58 AM UAE property sector sees more loans in Q4
Mubasher: The value of credit facilities offered by UAE banks to the construction and real estate sector increased by 5.54% or AED 13.9 billion in the fourth quarter of 2016 when compared to the same period a year ago, according to a recent …
Qatar is looking to generate 5.2% of its GDP through tourism (Photo Credit: Arabianeye-Reuters)
5 March 03:54 PM Qatari tourism to generate $17.8bn in visitor spending by 2030 - Report
Doha – Mubasher: Experiential travel is considered to be driving tourism growth in Qatar, particularly as the Gulf country works towards achieving its ambitions for its 2030 vision, which include welcoming 10 million visitors a year and generating …
The Saudi economy witnessed a deflation for the first time in ten years - (Photo Credit: Arabianeye-Reuters)
5 March 03:14 PM KSA’s inflation to go up during H1-17
Riyadh - Mubasher: The inflation rate in Saudi Arabia is expected to go up during the second half of the year following the expected revision in fuel and utility prices, according to a recent report by Al Rajhi Capital Research. Consumption …
Saudi Arabia’s non-oil private sector continued its growth momentum in February (Photo Credit: Arabianeye-Reuters)
5 March 12:05 PM Saudi PMI rises to 18M high in February – Emirates NBD
Riyadh – Mubasher: Saudi Arabia’s non-oil private sector continued its growth momentum in February, with business conditions improving at the quickest rate since August 2015, according to the Emirates NBD Purchasing Managers' Index (PMI) report …
Ithmaar Holding was the only loser in the banks sector (Photo Credit: Arabianeye-Reuters)
5 March 11:50 AM Bahrain banks Q4 profits surge 91.04%
By: Enas Bahgat Mubasher: The financial statements of the banks sector in Bahrain reported a jump of 91.04% in profits during the fourth quarter of 2016 as compared to the same period a year ago. The banks’ overall profits soared to BHD 63.08 …
The upturn in purchasing activity helped companies build their input stocks (Photo Credit: Arabianeye-Reuters)
5 March 07:55 AM UAE non-oil private sector improves in February
Mubasher: The Purchasing Managers’ Index (PMI) of the UAE jumped from 55.3 in January to a 17-month high of 56.0, rising above its long-term average of 54.5, according to a recent statement issued by Emirates NBD. The PMI, which is an indicator of …
Oman, Bahrain, and KSA face greater risks due to oil dependence - (Photo Credit: Arabianeye-Reuters)
28 February 11:32 AM Gulf insurers facing risks in upcoming 18 months - Moody’s
Mubasher: Insurance companies in most GCC countries will likely face a moderate-to-high credit risk over the next 12 to 18 months, Moody's Investors Service said in a report issued on Tuesday. "Weak oil prices and high exposure to volatile …