Mubasher Exclusive

CIB increased 7.9% to EGP 80
17 January 11:52 PM EGX30 adds 0.86%, EGX70 loses 2% in week
By: Heba Kordy Cairo – Mubasher: The Egyptian Exchange (EGX) closed in mixed notes during the week ended on Thursday. The benchmark EGX30 index went up 115.55 points, or 0.86%, to close at 13,482.99 points.  The EGX30 index has tried to break …
Real estate stocks weigh heavily on DFM in week
17 January 05:57 PM Real estate stocks weigh heavily on DFM in week
By: Mahmoud Gamal Dubai – Mubasher: The Dubai Financial Market (DFM) closed the week ended Thursday, 17 January 2019, in the red, breaking its two-week rising streak as investors resume caution particularly towards the real estate sector following …
17 January 02:57 PM UAE banks' earnings reports to hit record highs - Analysis
The full-year 2018 financial results of banks operating in the UAE are expected to report historic records.
16 January 01:48 PM Preatoni Real Estate to expand presence in UAE – Interview
Preatoni Real Estate will continue its search for distressed properties
13 January 05:06 PM Why GCC equity markets expected to see refresh bounce?
The GCC stock markets are anticipating more positive performance over this week
MBF will be transferred to a public joint-stock company
10 January 07:22 PM MBF group seeks to go public in UAE - Chairman Interview
By: Mahmoud Gamal Dubai – Mubasher: The MBF group holdings is planning to launch an initial public offering (IPO) on one of the UAE stock markets, the Emirati group’s chairman Mohammed bin Faisal Al Qasimi told Mubasher. The Union National Bank …
The expected increase in suppl will keep prices in check
10 January 06:31 PM Ready properties’ sale may soar in Dubai - Analysis
By: Muhammad Gamal Dubai – Mubasher: The ready property market in the UAE is the best choice for both local and foreign investors, real estate experts told Mubasher. Sales of ready properties are expected to soar in the coming period all through …
The insurance sector went up 5.6%
10 January 06:06 PM DFM ends week in green; market cap gains AED 593m
By: Mahmoud Gamal Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index added 25.12 points, or 1%, to 2,545.65 points in a week, as investors felt positive sentiment regarding the outlook of the UAE economy's. This optimism stemmed …
9 January 01:13 PM ENOC rules out short-term IPO, eyes 54 new stations -Interview
ENOC has already opened 15 new stations last year
6 January 05:11 PM Indians top Dubai airport visitors; Saudis rank second
The number of passengers going through the DXB has witnessed a slight decline of 0.9% in November.
3 January 07:55 PM 8 Arabs named among world’s richest people
8 Arabs were named among world’s richest people
3 January 05:10 PM DFM adds 57 pts in week
The Dubai Financial Market (DFM) closed the week ended 3 January in the green after gaining 57.17 points
Kuwait did not disclose any change in fuel or diesel prices for January
1 January 03:22 PM Three GCC countries cut oil prices in January – Mubasher Report
By: Mahmoud Gamal Dubai – Mubasher: Three GCC countries have reduced fuel prices in January including the UAE, Qatar, and Oman as a result of the drop in oil prices seen last year. In the UAE, Super 98 now costs AED 2 per litre from AED 2.25 in …
The ADX ended 2018 with a positive performance, adding up to AED 38.66 billion in market capitalisation.
31 December 2018 06:28 PM ADX soars 11.75% in 2018
By: Bedour El-Raie Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) ended 2018 with a positive performance, adding up to AED 38.66 billion in market capitalisation. The main index hiked 11.75%, or 516.63 points, ending the year at …
UAE’s MBF Group eyes $2bn expansions across 5 countries including Egypt
30 December 2018 06:43 PM UAE’s MBF Group eyes $2bn expansions across 5 countries including Egypt, mulls IPO
By: Mahmoud Gamal Mubasher: The MBF Group is planning to invest around AED 7 billion ($1.9 billion) in the UAE and abroad in the coming period, founder and owner Sheikh Mohammed bin Faisal Al Qassimi has revealed. Speaking to Mubasher in an …
UAE bourses to see positive performance in 2019 – Analysts
30 December 2018 04:48 PM UAE bourses to see positive performance in 2019 – Analysts
By: Mahmoud Gamal Mubasher: The UAE’s stock exchanges are expected to rebound during 2019, having fallen to low levels in 2018, financial market analysts told Mubasher. This forecasted rise coincides with the UAE government’s attempts to attract …
The Saudi Stock Exchange (Tadawul)
30 December 2018 08:54 AM Where are GCC bourses headed end-2018? Analysts weigh in
Gulf bourses are expected to continue their jittery-to-rising performance in the remaining sessions of 2018 as various portfolios seek to improve their end-of-year closings and increase positions in operational stocks
27 December 2018 10:46 AM Arabtec’s stock rises 3% on signing new contract
About 2.2 million shares of Arabtec were exchanged through 70 transactions at a turnover of AED 4.24 million.
GCC gold sales surge 30% in 2018
26 December 2018 08:35 PM GCC gold sales surge 30% in 2018 – Mubasher Report
By: Mahmoud Gamal Dubai – Mubasher: Gold sales across the six GCC member states increased by around 10% to 30% in 2018 as families sought to buy more of the precious metal, whose prices had reached attractive price levels amid ongoing political …
Catalysts and laws are two key factors that will help the UAE property market witness a robust recovery in 2019
26 December 2018 04:43 PM UAE’s real estate market on cusp of robust recovery in 2019 - Al Ruwad Interview
By: Mahmoud Gamal Dubai – Mubasher: The UAE’s real estate market has managed to remain stable during 2018 after overcoming the price correction wave and slowdown that began two years ago, the CEO of Al Ruwad Real Estate said. Catalysts and laws …
26 December 2018 04:32 PM Indians lead Dubai’s top 10 visiting nationalities in 9M
Russian, German, and Chinese tourists visiting Dubai have increased in the first nine months of 2018
25 December 2018 03:03 PM Egyptians’ remittances rise despite new Saudi fees on expats
Cairo – Mubasher: Egyptians’ remittances, especially from the GCC, have increased recently despite the policies applied to decrease foreign employment and promote nationalisaiton.  
25 December 2018 09:32 AM 8 Factors weigh on GCC stock markets
GCC stock markets are facing upward pressures as investors tend to get rid of their current shares
23 December 2018 02:47 PM UAE to launch outer space tourist trips -Virgin Galactic Interview
The UAE will be one of few countries to launch tourist trips to outer space in the future in partnership with Virgin Galactic
20 December 2018 08:18 PM Indians top Dubai’s visitors, UK residents come 2nd
As Christmas approaches, millions of tourists from across the globe visit Dubai to indulge in its enchanting attractions