Sector Reports

Tourism accounts for about 8% of Tunisia's GDP
22 August 08:19 PM Tunisia's tourism revenues rise 19% YTD
Mubasher: Tunisian tourism revenues have increased by 19% so far in 2017, with the number of tourists rising to 4.58 million between 1 January and 10 August, according to tourism minister Salma Loumi. The number of Algerian visitors surged 60%, …
A delegation from the Industrial Development Bureau visited the new factories
22 August 07:39 PM Abu Dhabi sees 3 new factories in 2017; with AED2.5bn investments
Abu Dhabi - Mubasher: Three new factories in the Emirate of Abu Dhabi have started their operation in 2017 with a total investment value of AED 2.471 billion, according to the Industrial Development Bureau of the Department of Economic …
KSA non-oil revenues to rise $21.3bn by 2018 - Bank of America Merrill Lynch
22 August 03:21 PM KSA non-oil revenues to rise $21.3bn by 2018 - Bank of America Merrill Lynch
Riyadh – Mubasher: Bank of America Merrill Lynch forecast that Saudi non-oil revenues will grow by SAR 80 billion ($21.3 billion) in 2018, in line with the Kingdom’s reduction in depending on oil revenues. The increase in revenues is expected …
Revenues increased to AED 701.8 million during 2016, from AED 590.1 million during 2015, the SCAD added
20 August 10:38 AM Abu Dhabi non-profit organisations’ gains rise 19% in 2016 – SCAD
Abu Dhabi – Mubasher: The revenues of Abu Dhabi’s non-profit organisations sector rose 19% during 2016, according to a report by the Statistics Centre Abu Dhabi (SCAD). Revenues increased to AED 701.8 million during 2016, from AED 590.1 million …
The banking sector's profits dominated around 60% of the total gains
15 August 09:32 PM ADX-listed companies report Q2 profits of AED32bn
Abu Dhabi - Mubasher: A total of 110 listed companies in the Abu Securities Exchange (ADX) have secured profited worth AED 31.9 billion during the first half of 2017, compared to AED 32 billion in H1-16. The positive financial results announced by …
NGLs prices rose in August but could decrease in September on weak demand
14 August 10:27 PM Al Rajhi forecasts declining NGL prices in September
Riyadh - Mubasher: Al Rajhi Capital is expecting natural gas liquids (NGLs) prices to decline in September on weak demand during the summer season due to lower heating demand, according to a recent report. Saudi Aramco increased natural gas …
Total net profits of five listed transportation companies reached SAR 244.54 million ($65.21m) in Q2-17
13 August 05:19 PM KSA transportation sector Q2 profits drop to SAR 245m
Riyadh – Mubasher: The financial statements of Saudi transportation companies showed a 15% drop in net profits in the second quarter of 2017, compared to the same quarter of the previous year, and a 21% decline in profits of the first half. Data …
88 real estate projects have been launched from of 2016 until H1-17
12 August 07:01 PM Real estate projects worth AED21bn launched in H1 - DLD
Dubai - Mubasher: Dubai Land Department (DLD) has announced that a total of 88 real estate projects have been launched from the beginning of 2016 until the first half of 2017. DLD confirmed in an official statement that 68 real estate projects …
Biggest 5 Saudi banks’ profits may face pressure in 2018 – Moody’s
9 August 08:11 PM Biggest 5 Saudi banks’ profits may face pressure in 2018 – Moody’s
Riyadh – Mubasher: Profits achieved by Saudi Arabia’s largest five banks may face pressures during 2018 on the back of reduced government spending, which negatively impacts economic growth, Moody’s Investors Service said in a report released …
The decline in dividends was expected, although “the current dividend yield in the sector is [about] 6% as compared to the market average of 3.3%,”
9 August 07:15 PM Saudi cement firms’ dividends drop, yields ‘still attractive’ - Al Rajhi Capital
Riyadh – Mubasher: Saudi cement companies issued lower dividend distributions by 10% to 15% owing to weak market conditions, Al Rajhi Capital said in a report on Wednesday. The decline in dividends was expected, although “the current dividend …
The wholesale and retail sector recorded a positive performance of 57.9 points in July
9 August 11:43 AM Dubai PMI continues improving in July – Emirates NBD
Dubai – Mubasher: The non-oil private sector in Dubai continued to improve in July in line with expansions in the sector’s production, according to a recent report. The Purchasing Managers’ Index (PMI) for Dubai registered a decline to 56.3 points …
Regular gasoline surged by 51% to 4.95 million barrels
5 August 10:41 PM Oman oil refineries production rise 12% in H1-17
Mubasher: Omani oil refineries and petroleum companies’ production grew by 12% during the first half of 2017 compared to the levels recorded during for the same period last year, according to the National Centre for Statistics and Information …
New export orders fell at the quickest pace in the history of the survey
3 August 11:54 AM UAE non-oil sector sees ‘robust improvement’ in July – Emirates NBD
Dubai – Mubasher: The UAE’s non-oil private sector saw improvements in business conditions in July on the back of major expansions in terms of output and new work, while prices remained stable due to strong competition, a new report by IHS Markit …
The slowdown followed several years of annual rises in gross premiums
2 August 06:25 PM GCC insurers face challenges despite profit rises - S&P Global Ratings
Mubasher: A slowdown in the growth of gross premiums across GCC insurers is evident on the back of the adoption of new covers and actuarial pricing guidelines, a new report showed. The slowdown followed several years of annual rises in gross …
Weaker growth in terms of imports also contributed to the Kuwaiti consumer sector’s moderation
1 August 07:08 PM Kuwait’s consumer sector stabilises in 2017 after slowdown – NBK
Kuwait – Mubasher: Kuwait’s consumer sector has enjoyed significant stability so far in 2017, after seeing a slowdown or ‘moderation’ last year, despite strong household income and rising employment. Despite the stability, consumer confidence …
The Saudi telecom sector comprises four companies
30 July 06:24 PM Mobily trims Saudi telecom sector profits to SAR 2.2bn in Q2
By: Thabet Shehata Riyadh – Mubasher: Profits of three of the four telecommunications companies listed on the Saudi Stock Exchange (Tadawul) totalled SAR 2.2 billion ($585.41 million) in the second quarter of 2017, up 17% from SAR 1.88 billion …
The Saudi government recently sold SAR 17 billion worth of Islamic bonds
28 July 08:23 PM Saudi Islamic banks to benefit from sukuk programme - Moody’s
Riyadh - Mubasher: The Saudi programme for the issuance of Islamic bonds (Sukuk) will benefit Islamic banks in the kingdom, according to a recent report by Moody's. Islamic banks in Saudi Arabia will benefit from an increased profitability after …
Makkah’s real estate market witnessed an improvement during H1-17 on the back of government’s raising of Hajj’s quota
27 July 08:51 PM Makkah real estate market improves in H1-17 – JLL
Riyadh – Mubasher: US-based JLL on Thursday announced its report on Makkah’s real estate market for the first six months of 2017, where it assessed the most up-to date trends in the residential, retail, office and hotels sectors. “Retail rents …
The Middle East Cross-Border M&A Index rose to 201.5, compared to a global score of 233
25 July 12:27 PM Middle East deal-making picks up in Q2-17 – Baker McKenzie
Mubasher: Cross-border deal-making in the Middle East has grown in the second quarter of 2017, spurred by outbound mergers and acquisitions (M&A) despite lower inbound M&A activity, according to a report by Baker McKenzie. With the UAE being the …
The exports will fall 1 million bpd below 2016 levels, the agency added, citing Al Falih as saying
24 July 04:24 PM KSA oil exports to reach 6.6m bpd in August – Al Falih
Riyadh – Mubasher: Khalid Al Falih, the Saudi minister of energy, industry, and mineral resources on Monday said that the Kingdom’s oil exports will be limited to 6.6 million barrels per day (bpd) in August, according to Reuters. The exports will …
Operating expenses amounted to SAR 39.7 billion
24 July 01:52 PM KSA telecom sector revenues reach SAR 50bn in 2016 – GASTAT
Riyadh – Mubasher: The number of enterprises in Saudi Arabia's telecommunication sector reached 11,650, generating operating revenues of SAR 49.7 billion in 2016, according to new data of Saudi General Authority for Statistics (GASTAT). Operating …
The International Monetary Fund
22 July 03:02 PM Saudi non-oil growth up to 1.7% in 2017 - IMF
Riyadh - Mubasher: The International Monetary Fund (IMF) is expecting non-oil growth in Saudi Arabia to register 1.7% in 2017, according to a recent report. The fund said in a statement on Friday that the structural economic reforms will boost …
UAE brokerage firms’ profits plummeted 96.4% in 2016 due to a decline in trading volumes
19 July 06:21 PM UAE brokerages’ profits plunge in 2016 on lower traded volumes
By: Amr Adel Dubai – Mubasher: UAE brokerage firms’ profits plummeted 96.4% in 2016 due to a decline in trading volumes. A total of 48 firms logged net profits of AED 4.5 million down from AED 125.5 million in 2015, data released by the Securities …
Emirates Towers Business Park project is expected to be the most outstanding commercial development in Dubai over 10 years
19 July 01:47 PM Emirates Towers to revive Dubai’s commercial property market
Dubai – Mubasher:  Emirates Towers Business Park project is expected to be the “most outstanding” commercial development in Dubai over 10 years, says international property consultant Cluttons. This project represents a distinction in the emirate …
The Egyptian government is working at increasing Egyptian exports
18 July 09:53 PM Egypt supports private sector partnerships in agriculture - FAO
By: Ahmed Abd Elrady Cairo - Mubasher: The Food and Agriculture Organization of the United Nations (FAO) said that the Egyptian government is expanding partnerships with the private sector to elevate the agriculture sector. The FAO representative …