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28 September 09:02 PM

Sector Reports

The Gulf country’s merchandise exports dropped by 37.6% YoY in July
02:45 PM Saudi trade surplus surpasses SAR 13bn in July
Riyadh – Mubasher: Saudi Arabia achieved a trade surplus of SAR 13.48 billion in July 2020, against a trade deficit of SAR 1.03 billion in the previous month. The kingdom’s merchandise exports hiked to SAR 51.14 billion in July, an increase of …
Macroeconomics
The TRA will benefit from the recent allocation of the new frequency
22 September 01:05 PM All of UAE's inhabited areas to be covered with 5G by end 2025
UAE - Mubasher: All inhabited areas in the UAE will be covered with the 5G network by the end of 2025, Telecommunications Regulatory Authority (TRA) told the Emirates News Agency (WAM). To achieve this objective, the TRA will benefit from the …
Sector Reports
Photo Archive
17 September 04:25 PM Saudi oil exports jump to 6.636 mbpd in July - JODI
Riyadh – Mubasher: Saudi oil exports, including crude oil and total oil products, increased by 571,000 barrels per day (b/d) on a monthly basis in July 2020, close to their lowest historic level. The kingdom’s oil exports registered 6.636 million …
Macroeconomics
The Central Bank of Egypt (CBE)
17 September 04:03 PM Egypt’s banks log over EGP 50bn profits in 6M
Cairo – Mubasher: Net profits recorded by banks operating in Egypt amounted to EGP 50.049 billion in the first half (H1) of 2020, while net revenue hit EGP 136.89 billion, as shown by data from the Central Bank of Egypt (CBE). Revenues of banks’ …
Central Banks
Saudi imports from Arab countries tumbled by 17.65% yearly in H1-20
17 September 02:56 PM Saudi trade surplus with Arab states nears $6bn in H1
Riyadh – Mubasher: Saudi Arabia registered a trade surplus with Arab countries worth SAR 22.47 billion ($5.99 billion) in the first half (H1) of 2020, a yearly decrease of 37.5% when compared to SAR 35.93 billion ($9.58 billion) in the year-ago …
Macroeconomics
The kingdom’s holdings of US bonds amounted to SAR 124.6 billion last July
17 September 11:17 AM Saudi holdings of US debt instruments down 31% in July
Riyadh – Mubasher: Saudi Arabia has lowered its holdings of US treasury bonds by 31.08% year-on-year (YoY) in July 2020, equivalent to SAR 56.2 billion. The kingdom’s holdings of US bonds amounted to SAR 124.6 billion last July, compared with SAR …
Macroeconomics
The step comes due to the expected growth of live and entertainment events activity in Saudi
16 September 11:36 AM SAMA approves event cancellation insurance products
Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) approved, in coordination with the General Entertainment Authority (GEA), a number of insurance products to cover risks associated with cancellation of live events in the Saudi …
Central Banks
Merchandise imports retreated by 22.8% annually in Q2-20
16 September 11:09 AM Saudi merchandise exports contract 53.6% in Q2
Riyadh – Mubasher: Saudi merchandise exports plunged by 53.6% on a yearly basis in the second quarter (Q2) of 2020, reaching SAR 117.112 billion. This decrease was largely driven by a 61.8% drop in oil exports, equivalent to SAR 121.047 billion, …
Macroeconomics
Photo Archive
15 September 02:33 PM Egypt’s emissions from petroleum, natural gas products down 3.3% - CAPMAS
Cairo – Mubasher: Egypt’s consumption from petroleum and natural gas products reached 77.4 million tonnes in fiscal year (FY) 2018/2019, a decrease of 2.1% when compared to 79.1 million tonnes in FY 2017/2018. Egypt's emissions produced by …
Sector Reports
Photo Archive
15 September 01:27 PM Saudi ranks third in MENA by startup deals, funding – MAGNiTT
Riyadh – Mubasher: Various economic sectors in Saudi Arabia generate growing interest in startups in implementation of the Kingdom’s Vision 2030, boosting the GCC nation to take the third spot in terms of the number of deals and total …
Sector Reports
Photo Archive
15 September 11:16 AM Saudi wholesale price index jumps 5.6% in August
Riyadh – Mubasher: The Saudi wholesale price index (WPI) climbed by 5.6% in August 2020 on a yearly basis, slightly higher than the previous month’s rate of 5.1%. The rise of the index is owed to higher prices of metal products, machinery and …
Macroeconomics
Food and beverages prices increased by 13.5% last month
15 September 10:53 AM Saudi inflation up 6.2% in August
Riyadh – Mubasher: Saudi Arabia’s Consumer Price Index (CPI) jumped by 6.2% year-on-year (YoY) in August 2020, slightly above the previous month’s rate of 6.1%. The rise of the CPI was driven by an increase in food and beverages prices by 13.5% …
Sector Reports
The new entities will employ 2,991 employees
10 September 01:56 PM Saudi licences 71 new factories in August
Riyadh - Mubasher: The Saudi Ministry of Industry and Mineral Resources has issued 71 new licences in August 2020, down 17.5% on a monthly basis, according to a statement on Thursday. The capital of the newly-licenced factories amounted to SAR 1.6 …
Macroeconomics
A total of 89.3 million tonnes of goods were handled from 2 March 2020 until 5 September
7 September 02:26 PM Saudi Customs handles SAR 352.6bn worth of goods since coronavirus outbreak
Riyadh – Mubasher: Goods handled in Saudi customs ports amounted to SAR 352.639 billion during the period from the beginning of the coronavirus pandemic until 5 September 2020, Saudi Customs said in a statement on Monday. The authority has applied …
Macroeconomics
Saudi Arabian Monetary Authority (SAMA)
3 September 03:05 PM Saudi banks’ investments in gov’t bonds jump 21% in July
Riyadh – Mubasher: Saudi banks raised their purchases of government bonds by 20.8% on a year-on-year (YoY) basis or SAR 74.72 billion in July 2020. The Saudi lenders' investments in government bonds totalled SAR 433.25 billion in July, compared …
Bonds
Economic activity in KSA started to increase towards the end of Q2
3 September 02:42 PM Saudi issues 506 new foreign investment licences in H1
Riyadh – Mubasher: A total of 506 new international companies were granted investor licences during the first half (H1) of 2020, according to the new Investment Highlights Summer 2020 report issued by the Ministry of Investment of Saudi Arabia …
Macroeconomics
Jobs continued to fall, leading to an overall deterioration in business conditions
3 September 12:26 PM Egypt’s PMI down in August; business activity rises for second month in row
Cairo – Mubasher: Egypt's non-oil private sector economy witnessed a growth in activity and demand in August for the second consecutive month. The seasonally adjusted IHS Markit Egypt Purchasing Managers’ Index inched down to 49.4 in August from …
Macroeconomics
The economy fell back into a downturn as firms saw a solid drop in new business
3 September 10:40 AM Saudi non-oil private sector deteriorates in August – PMI
Riyadh – Mubasher: Saudi Arabia's non-oil private sector economy witnessed a renewed drop in business conditions in August 2020, after stabilising in July. The economy fell back into a downturn as firms registered a solid drop in new business, …
Sector Reports
The number of SMEs in the Saudi market reached 571,177 in Q2-20
3 September 09:01 AM Salaries of SME employees in Saudi cross SAR 10bn in Q2
Riyadh – Mubasher: Total salaries of small and medium-sized enterprises' (SMEs) employees in Saudi Arabia went up by 1.6% during the second quarter (Q2) of the year, reaching SAR 10.675 billion. The rate measuring entry of new SMEs into the Saudi …
Sector Reports
the UAE banks' lending to the private sector declined by 0.7%
31 August 01:41 PM UAE banks lending rises 6% in June 2020
UAE - Mubasher: The loans granted by the UAE banks grew by 6% to AED 1.79 trillion in June 2020, compared to around AED 1.69 trillion during the same month of 2019, the latest data by the Central Bank of the UAE (CBUAE) showed. The value of the …
Banking and Finance
POS sales volume fell 14.87% monthly in July
31 August 01:33 PM Saudi POS sales up 34% in July
Riyadh – Mubasher: Point of sale (POS) terminals in Saudi Arabia grew by 33.88% yearly in July 2020, reaching SAR 31.51 billion from SAR 23.54 billion in the year-ago month. The number of transactions through POS jumped 102.5% year-on-year (YoY) …
Macroeconomics
Photo Archive
31 August 11:27 AM Saudi general reserve up 1% in July
Riyadh – Mubasher: The Saudi general reserve levelled up 1% or SAR 2.4 billion on a monthly basis in July 2020, according to the recent monthly bulletin released by the Saudi Arabian Monetary Authority (SAMA). The kingdom’s general reserve stood …
Sector Reports
The assets of Dubai's lenders grew by 11% in June 2020
31 August 11:03 AM Dubai banks see 5% higher assets in H1-20
Dubai - Mubasher: The assets of Dubai's banks jumped by about 5.3% to AED 1.53 trillion in the first half (H1) of 2020, when compared to the corresponding half of 2019, according to the latest statistics by the Central Bank of the UAE (CBUAE). By …
Sector Reports
The banks' investments in stocks were lowered by 15.4%
31 August 10:30 AM UAE banks' investments in debt securities hit AED 263.7bn in June
UAE - Mubasher: The banks operating in the UAE have increased their investments in debt securities by 12% year-on-year (YoY) or around AED 28.4 billion to AED 263.7 billion in June 2020, compared to AED 235.3 billion in the same month of 2019. On …
Bonds
Saudi overseas reserve assets dropped by 11% in July 2020
31 August 09:44 AM Saudi foreign reserve assets rise by over SAR 2bn in July
Riyadh – Mubasher: Saudi Arabia's foreign reserve assets soared by more than SAR 2 billion on a monthly basis during July 2020 to SAR 1.679 trillion, compared with SAR 1.677 trillion in the previous month. This hike was backed by a surge in …
Central Banks