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%, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
![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%,”](https://static.mubasher.info/File.Story_Image/REVAMP/SMALL/5958677_640.jpg)
