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19 September 07:03 AM

Sector Reports

Filipino transfers in Bahrain and Kuwait hiked
16 September 04:30 PM Filipino labour in GCC registers $3.4bn remittance in 7M
By: Eman Ghali Mubasher: The international money transfer of Filipino labour in GCC countries fell by 8.36% year-on-year during the first seven months of 2019, with 96.6% of such remittances landing in Asia. The international transfers of the …
Banking and Finance
Vessels at anchorage are “still on-hold until further notice”
16 September 12:02 PM Impact on oil prices seen limited after attack on Aramco - Refinitiv Oil Research
Mubasher: The impact of the recent attacks in Saudi Arabia on oil prices remains unknown; however, with the global demand forecasts being revised downwards based on trade wars and economic downturn, the impact might be limited unless a significant …
The brand value of Emaar was estimated at $2.7 billion
15 September 10:56 AM Emaar among world’s most powerful real estate brands in 2019 - Report
Dubai – Mubasher: Emaar Properties, a leading global real estate developer based in the UAE, was ranked the 14th among the world’s strongest real estate firms in 2019, according to a recent report by Brand Finance. The brand value of Emaar was …
Real estate
KOC’s average capital spending totals KWD 2 billion in FY19/20
12 September 05:09 PM KOC's operating budget totals KWD 2.5bn in FY19/20
Mubasher: The CEO of Kuwait Oil Company (KOC) Emad Sultan announced that the firm’s operating budget for fiscal year 2019/2020 amounts to KWD 2.5 billion, as reported by Alrai Newspaper. He concluded that KOC’s average capital spending for the …
Personal loans were the highest among total loans
12 September 04:45 PM Kuwait’s residents receive $124.6bn loans in July
Mubasher: The credit facilities granted by Kuwait’s national banks to residents in Kuwait increased by 4.19% year-on-year during July 2019, the Central Bank of Kuwait (CBK) recently disclosed. Year-on-year (YoY), the loans of the period levelled …
Banking and Finance
The DFM’s general index edged up by 3.39 points
12 September 03:10 PM DFM ends Thursday in green
Dubai – Mubasher: The Dubai Financial Market (DFM) closed Thursday’s trading session on a positive note. The DFM’s general index edged up by 3.39 points, or 0.12%, to 2,888.39 points. Trading volume reached 98.508 million shares and was exchanged …
Sector Reports
83% of the businesses in Dubai rated their state as 'good' or 'stable'
12 September 10:55 AM Dubai’s business confidence index improves in Q2
UAE - Mubasher: The Composite Business Confidence Index (BCI) in the emirate of Dubai increased by 2.2 points in the second quarter of 2019, reaching 114.9 from 112.7 points in Q2-18, with respondents projecting higher volumes and profits. The …
Macroeconomics
KSA will require 29,000 to 47,000 additional beds by 2030
12 September 09:45 AM Healthcare sector among Saudi Vision 2030 key changes – Colliers
Riyadh – Mubasher: Saudi Arabia is currently going through fundamental structural changes in all economic sectors, including healthcare, in light of its set Vision 2030, Colliers International said. Population in Saudi Arabia is expected to reach …
Sector Reports
Total deposits amounted to SAR 1.679 trillion by the end of July
5 September 04:03 PM Saudi Arabia’s bank deposits grows 3.7% in July – SAMA
Riyadh – Mubasher: Deposits at banks operating in Saudi Arabia increased by 3.7% year-on-year or SAR 60.4 billion in July. Total deposits amounted to SAR 1.679 trillion by the end of July, from SAR 1.619 trillion in the same month a year earlier, …
Sector Reports
Loan market of the GCC nation witnessed a drop during H1-19
3 September 03:32 PM Saudi Arabia’s bond market grows 29% in H1 - Debtwire Par
Riyadh – Mubasher: Saudi Arabian bond market increased by 29% in volume to $25.6 billion from eight deals during the first half of 2019, according to a recent report by Debtwire Par, the provider of high-value news, data, and analysis on global …
Ratings
The non-oil private sector has seen a marginal increase in activity last August
3 September 01:26 PM UAE non-oil private sector sees modest improvement in August - PMI
UAE – Mubasher: Business conditions of the non-oil private sector in the UAE has witnessed a modest improvement August, with activity and demand growth easing for the third consecutive month, a survey by IHS Markit revealed on Tuesday. The …
Macroeconomics
Outlook for business activity surged to the highest level since February 2018
3 September 01:20 PM Egypt’s non-oil private sector sees mild contraction in August – PMI
Cairo – Mubasher: Egypt’s non-oil private sector has weakened slightly during August after a mild expansion in the prior month, according to a report compiled by IHS Markit for Emirates NBD PJSC. The seasonally adjusted Emirates NBD Egypt …
Sector Reports
Saudi banks’ holdings of government bonds jumped to SAR 358.53 billion in July
1 September 02:51 PM Saudi banks’ investments in gov’t bonds grow 25% in July – SAMA
Riyadh – Mubasher: Saudi banks increased their government bond holdings by 25.08%, or SAR 71.88 billion, year-on-year in July. Saudi banks’ holdings of government bonds jumped to SAR 358.53 billion in July, compared to SAR 286.65 billion in the …
Central Banks
Total assets amounted to SAR 1.93 trillion by the end of July
29 August 05:21 PM SAMA’s assets grow 0.6% in July
Riyadh – Mubasher: Assets at the Saudi Arabia Monetary Authority (SAMA) declined by 0.66% year-on-year in July, according to a report released by SAMA. Total assets amounted to SAR 1.93 trillion ($515.28 billion) by the end of July, compared to …
Macroeconomics
Saudi Arabia's foreign reserves inched up by 0.46% in July
29 August 05:01 PM Saudi foreign reserves hit $503bn in July – SAMA
Riyadh – Mubasher: Saudi Arabia's foreign reserves inched up by 0.46% year-on-year in July. The kingdom’s international reserves increased to SAR 1.88 trillion ($503.47 billion) by the end of July, up from SAR 1.87 trillion ($501.15 billion) in …
Sector Reports
Tadawul’s CEO, Khalid Al Hussan
28 August 07:08 PM Foreign ownership on Tadawul exceeds SAR 150bn – Al Hussan
Riyadh – Mubasher: The value of foreign currency inflows in the Saudi Stock Exchange (Tadawul) reached SAR 25 billion in tandem with the second phase of the market’s upgrade in MSCI Emerging Markets Index, Tadawul’s CEO, Khalid Al Hussan, stated …
Sector Reports
The inflation rate reached 2.5% during full-year 2018
28 August 02:17 PM Saudi Arabia’s deflation likely to normalise in 2020 – KPMG
Riyadh – Mubasher: Saudi Arabia’s deflation is expected to normalise in 2020 despite that the economy is experiencing a deflationary period at the beginning of 2019, according to a recent report by KPMG Al Fozan and Partners, the leading provider …
Macroeconomics
The Saudi inflation rate retreated to 106 points in July
27 August 03:25 PM Saudi inflation declines by 1.3% in July – GASTAT
Riyadh – Mubasher: Saudi Arabia’s consumer price index (CPI), which is known as inflation, declined by 1.3% year-on-year in July, according to data released by the General Authority for Statistics (GASTAT). The Saudi inflation rate retreated to …
Sector Reports
A number of Kuwait's projects had a completion rate exceeding 98%
27 August 12:47 PM Kuwait executing KWD 2.6bn projects within 2019/20 budget
Mubasher: The Kuwaiti government is following up on the execution of 22 strategic projects with a cost of KWD 2.66 billion, the assistant secretary-general for planning and development affairs of the Supreme Council for Planning and Development, …
The consumer goods was the top gainer among seven sectors
26 August 03:05 PM Boursa Kuwait closes Monday’s session in green
By: Mohamed Farouk Mubasher: All Kuwaiti indices rose by the end of Monday’s session, hence, ending a decline stage lasted for three consecutive sessions. Meanwhile, the All-Share Market index levelled up by 0.44 at level 5934,490 points, earning …
Trading Activities
Exports of Saudi Arabia reached SAR 77.08 billion in June
26 August 02:10 PM Saudi exports fall 18.9% in June – GASTAT
Riyadh – Mubasher: Saudi Arabia’s exports decreased by 18.9% year-on-year in June, according to the latest data released by the Saudi General Authority for Statistics (GASTAT). Exports of Saudi Arabia reached SAR 77.08 billion in June, compared to …
Sector Reports
The kingdom’s imports amounted to SAR 37.74 billion in June
26 August 01:04 PM Saudi merchandise imports hit SAR 38bn in June – GASTAT
Riyadh – Mubasher: Saudi Arabia’s merchandise imports inched up by 1.3% year-on-year in June, data released by the General Authority for Statistics (GASTAT) revealed on Monday. The kingdom’s imports amounted to SAR 37.74 billion by the end of …
Macroeconomics
Dubai has attracted around 1.3 million European tourists in H1-19
26 August 10:09 AM Dubai attracts 1.3m European tourists in H1
By: Mahmoud Gamal Dubai – Mubasher: The emirate of Dubai has attracted around 1.3 million European tourists during the first half of 2019, according to data by the Department of Tourism and Commerce Marketing (DTCM). The number of European …
Macroeconomics
BBK posted an 11% year-on-year increase in Q2-19 profits
22 August 10:46 AM Bahraini Banks’ profits grow 5% in Q2-19
By: Mohamed Hesham Mubasher: The financial statements of Bahraini banks listed on Bahrain Bourse (BHB) indicated a 4.9% year-on-year increase in profits during the second quarter of 2019. The profits of the period soared to BHD 96.97 million …
2019 is set to be a landmark year for tourism in Egypt
21 August 01:54 PM Egypt’s hotel occupancy rates rise in H1 on AFCON – Report
Cairo – Mubasher: Egypt’s hotel market has witnessed improvement during the first half of 2019, supported by the Africa Cup of Nations (AFCON), according to a recent report released by Colliers International. The coastal city of Alexandria came in …
Sector Reports