Sector Reports

The doses were offered at over 587 locations

29 July 04:32 PM Saudi Arabia administrates over 26m vaccine doses jabs

Riyadh – Mubasher: Saudi Arabia has administrated more than 26 million COVID-19 vaccine shots since the national vaccination campaign began on 17 December 2020. The doses were offered at over 587 locations across the Kingdom, the Ministry of …

Special 95 will cost AED 2.47 per litre

29 July 02:16 PM UAE raises fuel prices for August

UAE – Mubasher: The UAE fuel price committee decided to increase the petrol and diesel prices for August, including a 5% value-added tax. The price of Super 98 will stand at AED 2.58 per litre as of 1 August, compared to AED 2.47 in the previous …

Over 25.52 million COVID-19 vaccine shots were administrated

28 July 05:15 PM Saudi Arabia reports 1,334 new COVID-19 cases

Riyadh – Mubasher: The Saudi Ministry of Health announced 1,334 additional COVID-19 infections on Wednesday. There were 1,079 more recoveries and 11 new fatalities, according to an official statement. Saudi Arabia has registered a total of 522,108 …

Both non-oil and oil exports totalled SAR 82.2 billion in May

28 July 12:01 PM Saudi Arabia’s exports leap 120%, trade surplus hits SAR 38bn in May

Riyadh – Mubasher: Saudi Arabia’s overall merchandise exports jumped 120.1% in May 2021 compared to the same month in 2020, according to official data by the General Authority for Statistics (GaStat). Both non-oil and oil exports totalled SAR 82.2 …

Spain has topped the countries importing pig iron and steel from Egypt

26 July 03:42 PM Egypt’s iron, steel exports leap 179% in five months

Cairo – Mubasher: Egypt’s exports of crude iron and steel surged by 179% to $584 million during the first five months of 2021 from $209 million in the same period last year. The Arab republic has exported iron and steel to about 70 countries …

That last asset manager in the top 10 list was Al Khair Capital

25 July 04:51 PM NCB Capital tops Saudi Arabia’s biggest asset managers with over $50bn

Riyadh – Mubasher: NCB Capital has recorded $50.4 billion worth of assets under management (AUM), topping Saudi Arabia’s 10 Biggest Asset Managers list by Forbes Middle East, according to a recent statement. NCB Capital accounted for approximately …

Companies Investments

Dubai Electricity and Water Authority

22 July 12:55 PM DEWA launches conservation handbook

Mubasher: The Dubai Electricity and Water Authority (DEWA) has issued the Handbook of Electricity and Water Conservation Measures, Emirates News Agency (WAM) reported. The handbook aims at informing residential, commercial, industrial, and …

Crude oil exports increased from 5.408 million bpd in April

19 July 04:48 PM Saudi Arabia's crude oil exports hit four-month high in May

Riyadh - Mubasher: Saudi Arabia's crude oil exports jumped to 5.649 million barrels per day (bpd) in May 2021, marking its highest level in four months, according to the recent data released by the Joint Organisations Data Initiative (JODI) on …

Consumer prices still reflect the increase of the value-added tax (VAT)

15 July 10:53 AM Saudi Arabia’s annual inflation up 6.2% in June

Riyadh – Mubasher: Saudi Arabia’s Consumer Price Index (CPI) went up 6.2% in June 2021 compared to the same month in 2020, mainly driven by higher prices of transport as well as food and beverages, according to official data. The inflation rate in …

The Hajj season this year will witness a digitised journey from start to finish

13 July 01:37 PM How pilgrims benefit from digitisation when performing Hajj

By: Ingy ElSafy Mubasher: The COVID-19 pandemic has brought technology-enhanced methods that help authorities implement social distancing to preserve the health of people. Saudi Arabia will provide a digital Hajj (Muslim pilgrimage) this year and …

Saudi Arabia’s industrial production soared 3.5% in May from April

11 July 05:42 PM Saudi Arabia’s industrial production up 0.5% in May

Riyadh – Mubasher: The Industrial Production Index of Saudi Arabia increased by 0.5% in May this year compared to the same month in 2020, according to official data. The rise in the Kingdom’s industrial output was mainly attributed to higher …

Majority of GCC consumers likely to opt for digital banking services

6 July 05:22 PM Majority of GCC consumers likely to opt for digital banking services

Mubasher: The majority of GCC consumers, about 85% of respondents to a survey, would currently opt for digital banking services rather than visiting a bank branch, according to a paper by Backbase with YouGov. With the appetite accelerating more …

Saudi Arabia’s NCB Capital topped the list with $50.4 billion in AUM

6 July 03:43 PM Saudi Arabia dominates Forbes Middle East’s 2021 asset managers list

Mubasher: A total of 16 Saudi Arabia companies have been included in Forbes Middle East’s 30 Biggest Asset Managers 2021 list, representing more than 50% of the list. The 30 asset managers in the region posted a cumulative $258.2 billion in assets …

Oil prices closed at $75 per barrel at the end of June

6 July 02:11 PM GCC markets continue to see gains on higher oil prices – Markaz

Mubasher: The S&P GCC Composite index, a comprehensive benchmark covering stocks from the six Gulf markets, gained last June for the eighth consecutive month as oil prices continued to rise, with Brent crude remaining above $70 per barrel …

Egypt's PMI increased to 49.9 in June

6 July 12:25 PM Egypt's non-oil private sector activity nears expansion - PMI

Cairo - Mubasher: Egypt's non-oil private sector activity edged up to growth at the end of the first half (H1) of 2021 thanks to an increase in activity, export volumes, and tourist numbers, a survey showed on Tuesday. The seasonally adjusted IHS …

New business inflows continued to grow in June

5 July 01:47 PM Saudi Arabia’s business growth hits five-month high in June – PMI

Riyadh – Mubasher: The headline seasonally adjusted Purchasing Managers’ Index (PMI) of Saudi Arabia signalled 56.4 in June, unchanged from its reading in May, and indicating expansion in the non-oil private sector economy. Business activity in …

The UAE's PMI slipped to 52.2 in June

5 July 01:42 PM UAE’s PMI hits four-month low on material shortages, travel restrictions

UAE - Mubasher: The UAE’s non-oil private sector continued to improve for the seventh consecutive month in June, but at a slightly slower pace than in May, a report showed on Monday. The seasonally adjusted IHS Markit UAE Purchasing Managers’ …

Credit to the private sector grew by 16.7% YoY during May

4 July 04:36 PM Saudi Arabia's macro-economic conditions picking up - Al Rajhi Capital

Riyadh - Mubasher: Saudi Arabia's macro-economic conditions are picking up, with the spending in the local market, especially in the retail, transport, health, and food and beverages segments increasing gradually, according to a report by Al Rajhi …

Photo Archive

4 July 03:14 PM UAE ranks fifth globally on UN’s Global Cybersecurity Index 2020

UAE – Mubasher: The UAE was placed in the fifth position on the Global Cybersecurity Index (GCI) 2020, issued by the International Telecommunication Union (ITU), the UN specialised agency for information and communication technologies, Emirates …

MENA’s ESG market currently represents 1.3% of 2021's global issuance

4 July 02:35 PM Green finance in MENA reaches $6.4bn in H1, exceeds global growth rate

Mubasher: Green and sustainability-linked debt issuances in the MENA region amounted to $6.4 billion in value during the first half (H1) of 2021, exceeding the global growth rate, according to a report by Bloomberg on Sunday. The region’s green …

The prices of Super 98 increased to AED 2.47 per litre in July

30 June 12:49 PM UAE increases fuel prices for July 2021

UAE – Mubasher: The UAE Fuel Price Committee has announced a rise in fuel prices during July 2021, when compared to June. The prices of Super 98 increased to AED 2.47 per litre in July from AED 2.38 in June, while the per-litre price of Special 95 …

Saudi Arabia’s crude oil production declined 3.5% to 556.6 million tonnes in 2019

29 June 02:19 PM Saudi Arabia likely to dominate drilling rigs’ industry until 2026

Riyadh – Mubasher: Saudi Arabia is forecast to dominate the drilling rigs’ market during the period from 2021 until 2026, backed by an increase in output, advancements in technologies, and high efficiency in aiding oil and gas production. A recent …

People can book their vaccine appointment through the Sehaty app

28 June 11:10 AM Saudi Arabia starts vaccinating 12-18 years old people

Riyadh – Mubasher: The Saudi Ministry of Health announced that young people aged between 12 and 18 years old will be included in the vaccination programme. The Kingdom will inoculate those young people with the Pfizer-BioNtech vaccine after it was …

Saudi Arabia has administrated more than 17.2 million vaccine doses

27 June 04:47 PM Saudi Arabia records 1,218 new COVID-19 cases

Riyadh – Mubasher: Saudi Arabia announced 1,218 additional COVID-19 infections on Sunday. The Ministry of Health reported 1,252 more recoveries and 15 new fatalities. The country has registered 483,221 total cases since the pandemic started last …

Middle East accounts for 23% of the global gaming industry

27 June 04:31 PM Mobile gaming market in Middle East likely to exceed $4bn next year

Mubasher: Approximately 100 million people in the Middle East use mobile gaming, with the industry across the region expected to reach $4.4 billion by 2022 compared to $1.06 billion in 2016. The region’s mobile gaming market grew 25% in 2020, …