Sector Reports

(Photo Credit: Arabianeye-Reuters)
18 May 05:21 PM QSE main index edges down 0.07% in week
Doha – Mubasher: The benchmark index of the Qatar Stock Exchange (QSE) lost 0.07% or 7.49 points to reach 10,103.35 points by the week ended 18 May. QSE’s market cap declined 0.56%, or QAR 3.04 billion to QAR 537.49 billion ($147.48 billion), …
(Photo Credit: Arabianeye-Reuters)
18 May 03:58 PM Profits of ADX-listed companies jump 27.5% in Q1
By: Bedour Al Raey Abu Dhabi – Mubasher:  The listed companies in the Abu Dhabi Securities Exchange (ADX) showed a 27.5% growth in net profits in the first quarter of 2017. The net profit of the 61 local companies which announced their financial …
Photo Credit: Arabianeye-Reuters
18 May 12:13 PM Kuwait’s banks post higher profits in Q1-17
By: Eman Ghaly Kuwait – Mubasher: The banks sector listed on Boursa Kuwait reported a growth of 6% in profits during the first quarter of 2017 as compared to the same period in the prior year. The twelve-bank segment posted profits worth about KWD …
The Egyptian Exchange (Photo credit: Mubasher)
16 May 10:49 AM TE joins MSCI EM index; EFG Hermes, TMG switch indices
Cairo – Mubasher: The MSCI Emerging Markets (EM) Index’s May 2017 semi‐annual review, released on Tuesday, has added Telecom Egypt’s (TE) stock to the small- and medium-sized companies’ index. The review also showed that Egyptian Financial Group …
(Photo Credit: Arabianeye-Reuters)
15 May 01:38 PM Can restructure schemes save ailing UAE firms from bankruptcy?
By: Mahmoud Gamal Dubai – Mubasher: Recent talks and speculations regarding UAE-listed companies’ losses and subsequent restructure plans have taken centre stage, particularly as some companies have neared bankruptcy and have begun affecting other …
(Photo Credit: Press release)
8 May 02:40 PM Value of MENA food, beverage M&A reaches 8-yr high
Dubai – Mubasher: The deal value of the MENA region’s food and beverage mergers and acquisitions (M&A) in 2016 reached $3.4 billion, up from $402 million in the previous year, according to Mergermarket. The value is considered the highest since …
Photo Credit: Arabianeye-Reuters
7 May 04:31 PM Kuwait property sales decline 10% in Q1-17
Kuwait – Mubasher: The sales of the real estate sector in Kuwait shrank by 10% to about KWD 672 million during the first quarter of 2017, compared to the same quarter of 2016, according to a recent report issued by Kuwait International Bank (KIB). …
Photo Credit: Arabianeye-Reuters
5 May 11:19 AM KSA property prices decline 10% in Q1
Mubasher: The prices of real estate sector in Saudi Arabia decreased by 10% during the first quarter of 2017 when compared to the same quarter of 2016, according to recent data issued by the General Authority for Statistics. The data showed that …
(Photo Credit: Arabianeye-Reuters)
4 May 02:29 PM 156 million Muslim travellers expected in 2020 – Study
Mubasher: The number of Muslim international travellers is expected to grow to 156 million in 2020, from 121 million in 2016, with travel expenditure projected to reach $220 billion, according to a recent study The Mastercard-Crescentrating Global …
Photo Credit: Arabianeye-Reuters
1 May 04:30 PM Kuwait real estate sales shrink 17% in Q1
Mubasher: The real estate sector in Kuwait posted a decline of 17% in sales to KWD 590 million during the first quarter of 2017 as compared to the same period in the prior year, according to a report issued by the National Bank of Kuwait (NBK). In …
(Photo Credit: Arabianeye-Reuters)
1 May 02:44 PM Foreigners raise investments in UAE bourses despite jitteriness
By: Mahmoud Gamal Dubai – Mubasher: Foreign traders on the UAE’s stock markets were buyers in April, reflecting the opportunities present in local stocks despite the fluctuations seen across some global markets and in oil prices. The total value …
(Photo Credit: Arabianeye-Reuters)
30 April 03:19 PM Foreign sales in Tadawul amount to SAR 458m in week
Riyadh – Mubasher: Net sales of foreign investors reached SAR 458.24 million during last week, which ended on 27 April, according to statistics of the Saudi Stock Exchange (Tadawul). The total value of shares purchased by foreign investors during …
Photo Credit: Arabianeye-Reuters
26 April 04:14 PM Bahrain hotel sector to see $10bn investments
Mubasher: The hotel and restaurant segment in Bahrain will be endorsed by the establishment of 15 new five- and four-star hotels as well as beachfront resorts worth $10 billion during the coming five years. The hotel sector has recently witnessed …
(Photo Credit: Arabianeye-Reuters)
26 April 02:54 PM KSA exports to GCC down 7% in February
Riyadh – Mubasher: The Saudi non-oil exports to the GCC retreated SAR 171 million or 7% to SAR 2.28 billion in February 2017 from SAR 2.45 billion in the previous year. Exports to the UAE came on top of Saudi exports with a value of SAR 1.1 …
(Photo Credit: Arabianeye-Reuters)
24 April 01:02 PM KSA non-oil imports fall 18% in February
Riyadh – Mubasher: Saudi Arabia’s non-oil imports retreated 17.9% in February 2017. Non-oil imports reached SAR 36.6 billion ($9.76 billion) in February, compared to SAR 44.56 billion ($11.88 billion) in the year-ago period. The non-oil imports …
(Photo Credit: Arabianeye-Reuters)
24 April 12:39 PM KSA non-oil exports down 9% in February
Riyadh – Mubasher: Saudi Arabia’s non-oil exports fell 8.8% in February 2017. Non-oil exports reached SAR 12.62 billion ($3.37 billion) in February, compared to SAR 13.84 billion ($3.69 billion) in the year-ago period. The non-oil exports’ value …
(Photo Credit: Arabianeye-Reuters)
23 April 03:27 PM Net foreign sales on Tadawul amount to SAR 166m in week
Riyadh – Mubasher: Net sales of foreign investors reached SAR 165.61 million last week, ended 20 April, according to the Saudi Stock Exchange’s (Tadawul) statistics. The total value of shares purchased by foreign investors during this period …
(Photo Credit: Arabianeye-Reuters)
20 April 12:11 PM NCB Capital sets Qassim Cement PT at SAR 60
Riyadh – Mubasher: NCB Capital set the price target (PT) of Qassim Cement at SAR 59.7, with a "neutral" recommendation. The research firm noted that the cement company’s results for the first quarter of the year came below its estimates of SAR …
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18 April 05:19 PM Kuwait credit value rises 3.3% in February
Mubasher: The banks in Kuwait posted a growth of 3.3% in credit value at KWD 34.4 billion in February; the lowest credit growth in five years, according to a recent report issued by Kuwait Finance House (KFH). The granted loans edged up by 0.6% in …
(Photo Credit: Press release)
18 April 12:04 PM Saadiyat Island resilient against pressure on Abu Dhabi rents – Asteco
Abu Dhabi – Mubasher: Apartment rental rates dropped 3% quarter-on-quarter in the first three months of 2017, and 8% over the last twelve months, according to a recent report. A combination of reduced public spending, business contraction, a …
Total Middle East international investment into the UK topped AED 15.1 billion in 2016 - (Photo Credit: Arabianeye-Reuters)
17 April 08:29 PM UK investors to visit UAE, reinforce trade relations
Dubai – Mubasher: A UK government-led delegation of Investors are scheduled to visit the UAE in April to hold investment talks and deals with Middle East investors and reinforce the investment and trade relationships between the two regions. The …
(Photo Credit: Press release)
16 April 12:26 PM Landlords lure Oman tenants with innovative approaches – Cluttons
Mubasher: Landlords are at the mercy of tenants in Oman, as subdued economic activity and low demand force flexible, innovative, and revised approaches onto the market to entice prospective tenants, according to a report. The Cluttons Muscat …
(Photo Credit: Press release)
12 April 03:12 PM 2017 sees prices drop in Abu Dhabi real estate market – Chestertons
Abu Dhabi – Mubasher: Abu Dhabi’s real estate market saw rent and sales prices of apartments and villas collectively fall in the first quarter of 2017, as economic uncertainty continues, the job market slugs, and the oil and gas sector shrinks, …
(Photo Credit: Arabianeye-Reuters)
12 April 02:26 PM KSA boosts telecom spending to SAR 35bn in 2016 – Report
Riyadh – Mubasher: Saudi Arabia’s telecommunications and technology market is considered one of the largest in the Middle East, according to AbdulAziz bin Salem Al Rowais, governor of the Kingdom’s Communications and Information Technology …
(Photo Credit: Arabianeye-Reuters)
11 April 06:39 PM Corporate governance, succession issues hinder GCC family-run businesses - Report
Mubasher: Family businesses in the GCC region are facing serious challenges in today’s highly competitive business environment, according to report released by Orient Planet Research on Tuesday. Some of the region’s largest publicly listed …