Sector Reports

Total foreign investments recorded QAR 676.4 billion ($187.2 billion) in Q1-18
03:16 PM Qatar’s foreign investment falls 10.3% in Q1-18 – MDPS
Mubasher: Qatar’s overseas investment retreated 10.3% year-on-year, or QAR 77.4 billion ($21.4 billion), for the first quarter of 2018, the Ministry of Development Planning and Statistics (MDPS) reported on Tuesday. Total foreign investments …
Iran is “concerned that this violation may continue”
16 July 05:24 PM Iran warns OPEC members against oil production rise
Mubasher: Iran oil minister Bijan Namdar Zanganeh warned Saudi Arabia and the members of the Organization of the Petroleum Exporting Countries (OPEC) against exceeding oil production ceilings which they had set before. In June, OPEC and its allies …
M&A deal values grow 59% YoY in H1, jump 62% in Middle East – Report
16 July 02:41 PM M&A deal values grow 59% YoY in H1, jump 62% in Middle East – Report
Mubasher: The total value of international merger and acquisition (M&A) transactions jumped 59% year-on-year in the first six months of 2018, whereas their volume tumbled 12%, a new report by Baker McKenzie showed. The sum of M&A deals was $2.5 …
The GCC market for industrial and building automation will reach $10.3bn in 2023
15 July 03:11 PM GCC automation industry to grow further by 2023
Dubai - Mubasher: The GCC's automation industry will see enhanced growth in the coming five years, encouraged by the recovery in oil prices and government economic diversification plans, a new report showed. In July, consulting firm TechSci …
Kuwait’s oil production was stable in the first few months of 2018
11 July 05:15 PM Kuwait’s GDP likely to rebound in 2018 – NBK
Mubasher: Kuwait’s gross domestic product is expected to rebound 2.5% in 2018 following a decline of 2.9% in 2017, according to a recent report by the National Bank of Kuwait (NBK). Oil GDP decreased by 8% in 2017 as Kuwait reduced its crude oil …
Inflation is expected to reach 2.5% in 2019
11 July 03:53 PM Kuwait’s inflation seen down to 1% in 2018 – NBK
Mubasher: Kuwait's inflation is expected to hit a 15-year low of just 1% in 2018 from 1.5% in the previous year, according to a recent report by the National Bank of Kuwait (NBK). This forecast is slightly lower than what NBK previously expected, …
Photo Archive
10 July 07:13 PM QE-listed companies tipped for higher Q2 profits - QNB
Mubasher: Qatar National Bank (QNB) is expecting the profits of 17 Qatar Exchange-listed companies to rise in the second quarter of the year by 23.9% year-on-year, supported by operational activities, with an 8.1% quarterly growth. Qatar …
Beltone expects CBE to maintain interest rates in August
10 July 05:08 PM Beltone expects CBE to maintain interest rates in August
Cairo – Mubasher: Inflation in Egypt remains within the target range of the Central Bank of Egypt (CBE), despite the rise seen in June, Beltone Financial said in a note issued Tuesday. High returns indicate that the CBE will mostly likely keep …
Non-oil exports shrank to KWD 8.05 million ($26.66 million) in May 2018
10 July 04:28 PM Kuwait’s non-oil exports shrink 21% in May
Mubasher: Kuwait’s non-oil exports registered a decline of 21% in May 2018 compared to the same month last year, according to a report by the trade and industry ministry of Kuwait. Non-oil exports shrank to KWD 8.05 million ($26.66 million) in May …
Foreign workers make massive exodus from Saudi
10 July 02:46 PM Foreign workers make massive exodus from Saudi
Riyadh – Mubasher: Large numbers of expatriates are leaving Saudi Arabia after the kingdom’s continuous moves towards Saudisation. In the first quarter of 2018, foreign labour fell 6% year-on-year to 10.2 million workers in the kingdom, Bloomberg …
The DSI problem should be addressed quickly
10 July 02:17 PM DSI should disclose CEO investigations - Analysts
By: Mahmoud Gamal Dubai – Mubasher: The disclosure of the result of Drake and Scull International’s (DSI) internal investigation into alleged violations is important and will positively impact the UAE markets. The investigations have revealed that …
About 505,650 passengers have arrived in Kuwait Airport in June
10 July 01:12 PM Kuwait International Airport’s passenger traffic grows 18% in June
Mubasher: The passenger movement at Kuwait International Airport (KIA) showed an 18% year-on-year increase in June. The number of people who travelled through the airport totalled 1.22 million in June, compared to 1.03 million in the same month a …
CBE likely to cut interest rates in August despite higher inflation, says Capital Economics
10 July 12:18 PM CBE likely to cut interest rates in August despite higher inflation – Capital Economics
Cairo – Mubasher: Despite the recent rise in June inflation, the Central Bank of Egypt (CBE) is not likely to raise interest rates in its August meeting, Capital Economics has said. Egypt’s annual inflation registered 13.8% in June, down from …
Egypt saw M&As and IPO deals worth a total of $1.42 bn in H1-18
10 July 12:07 PM Egypt's H1 corporate transactions hit $1.42bn
Cairo – Mubasher: Egypt has ranked the third largest African market in terms of corporate transactions during the first six months of 2018, the African focused research firm StratLink Ltd said. The Egyptian market saw mergers and acquisitions …
Jeddah
9 July 07:32 PM Buoyant Saudi entertainment sector bodes well for Jeddah developers – JLL
Riyadh - Mubasher: The flourishing entertainment industry in Jeddah heralds more opportunities for diversified market investments for developers of the Saudi capital, according to Jones Lang LaSalle (JLL). The growth of Jeddah’s entertainment …
M&A deals expected to rise in Saudi market soon – KPMG
9 July 06:00 PM M&A deals expected to rise in Saudi market soon – KPMG
Riyadh – Mubasher: Mergers and acquisitions (M&A) are projected to rise in Saudi Arabia over the next two years, a new report has shown. The sectors, which are most likely to see such transactions are: automotive, real estate, transportation, …
Abu Dhabi construction costs index rises 10% YoY in Q1 – SCAD
9 July 05:20 PM Abu Dhabi construction costs index rises 10% YoY in Q1 – SCAD
Abu Dhabi – Mubasher: The emirate of Abu Dhabi’s Construction Cost Index (CCI) has grown by 9.9% to reach 103.5% in the first three months of 2018, compared to the year-ago period, data released by the Statistics Centre - Abu Dhabi (SCAD) showed. …
Dubai SME is a part of Dubai SME Development Plan
9 July 04:57 PM Dubai SME represents 47% of emirate's GDP - Study
Dubai – Mubasher: A new study has revealed that small and medium enterprises (SMEs) continue to provide lots of vacancies and add sustainable value to the UAE’s economy, as the number of created jobs increased to 52.4% in 2018 from 42% in 2009. …
Mirza gave the visitors a presentation on government plans and projects
9 July 02:24 PM UAE’s Royal Emirates in talks with Bahraini authority
Mubasher: Bahrain’s electricity and water authority has received a delegation from the Royal Emirates, a UAE company specialised different fields of engineering, including the development of renewable energy applications, according to a recent …
Kuwait’s debt has decreased by 9% to KWD 6.32 billion
9 July 12:30 PM Kuwait repays KWD 650m as part of national debt
Mubasher: The Kuwaiti government has repaid part of its debt which accumulated to total KWD 6.97 billion by the end of March 2018. Kuwait’s government has repaid KWD 650 million until Thursday, 5 July, as part of the national debt which is being …
Dubai's wholesale and retail trade sector was the strongest performer in June
9 July 10:22 AM Dubai’s non-oil private sector marks robust growth in June
Dubai – Mubasher: The non-oil private sector in Dubai has notably improved in June as business confidence accelerated amid strong pipeline of new projects. The seasonally adjusted Emirates NBD Dubai Economy Tracker slid to 56.0 in June, from 57.6 …
While the number of exchange companies stood at 51 by 2017-end
8 July 03:13 PM UAE banks close 17 branches in 5M; employee numbers rise
Abu Dhabi – Mubasher: The UAE’s national banks have slashed the number of their branches across the country to 754 by May-end, compared to 771 by the end of 2017, according to the Central Bank of the UAE's (CBUAE) recent data. While the number of …
Salaries for high-skilled workers in Saudi, UAE to rise soon – Study
8 July 12:06 PM Salaries for high-skilled workers in Saudi, UAE to rise soon – Study
Mubasher: Wages for high-skilled labour across the Middle East are forecast to surge in the coming period, as talents appear to be lacking, a new study by Korn Ferry said. In Saudi Arabia, salaries may increase by more than 17%, which could add …
UAE bourses need more transparency particularly with DSI's ongoing decline
8 July 11:17 AM UAE bourses need more transparency – Analyst
By: Mahmoud Gamal Dubai – Mubasher: UAE stock markets are currently lacking in transparency, Marie Salem, capital markets director at FFA Dubai, told Mubasher, citing the recent sharp drop seen on Drake & Scull International’s (DSI) stock and the …
Egypt to carry out “Two is Enough” initiative soon due to bad economic situation
7 July 06:11 PM Egypt to implement “Two is Enough” initiative to reduce population growth
Cairo – Mubasher: Egypt’s current economic situation has led government to start discussions about implementing an initiative under the name “Two is Enough” to contribute to trimming population growth, a report by USA Today said. This initiative …