Sector Reports

Up to 13 EGX-listed firms to benefit from the CBE's rate cut
19 February 07:00 PM Up to 13 EGX-listed firms to benefit from CBE rate cut - Analysts
By: Heba El-Kordy Cairo – Mubasher: Following the decision taken by the Central Bank of Egypt (CBE) to cut interest rates last week and adopt a more flexible monetary policy, analysts have pinpointed the top companies that are most likely to …
Annual revenues for Dubai hotels will reach $495 million by 2019
19 February 05:56 PM Dubai luxury spas to grow by 10.7% to 2021; Oman, Bahrain outperform
Dubai - Mubasher: Dubai’s 5-star hotel spas are expected to grow by a 10.7% compound annual growth rate (CAGR) by 2021, according to data released by Colliers International. The number of 5-star hotel spas in Dubai is set to rise to 157 by 2021 …
The oil-rich nation exported 7.05 million bpd in the last month of 2017
19 February 04:50 PM Saudi oil exports rise by 29,000 bpd in December – JODI
Riyadh – Mubasher: Saudi Arabia's crude oil exports increased by 29,000 barrels per day (bpd) on a monthly basis during December 2017. The oil-rich nation exported 7.05 million bpd in the last month of 2017, the Joint Organisations Data …
Male investors’ stood at 3.68 million by the end of Q4-17
19 February 03:16 PM Tadawul's female investors hike to 989,700 end Q4-17 – CMA
Riyadh – Mubasher: The number of female investors at the Saudi Stock Exchange (Tadawul) rose 1.8% or 17,800 year-on-year in the fourth quarter of 2017. Female investors’ number reached 989,700 in Q4-17, compared to 971,900 in the same period a …
Individuals' loans recorded an increase of 4.4%
19 February 02:25 PM Kuwait’s banking credit grow 3.2% in December 2017 – KFH
Mubasher: Loans provided by banks operating in Kuwait increased by 3.2% in December 2017 compared to the same period of prior year, according to a recent report by Kuwait Finance House (KFH). Bank loans registered KWD 35.4 billion in December 2017 …
Engineering works are expected to complete in November 2020
19 February 01:10 PM Local engineering firm wins $71m deal from KOC
Mubasher: Mechanical Engineering & Contracting Co. (MECC) was awarded a contract worth $71 million by Kuwait Oil Co (KOC), Al Qabas reported according to MEED. The contract will be executed based on the system of engineering, supply, and …
Property deals in the world's richest country per capita surged 18% to 309 in the first month of the year.
19 February 12:22 PM Qatar's real estate deals hit QAR 1.16bn in January
Mubasher: Qatar's real estate transactions hiked 13% month-on-month to QAR 1.16 billion ($319 million) in January 2018, according to the Justice Ministry's report on Monday.  The report showed that property deals in the world's richest country per …
The recommended dividends exceed 2016 dividends
18 February 06:17 PM Total 109 UAE-based firms register AED 68bn net profit in 12M
By: Bedour Al Raee Abu Dhabi – Mubasher: A number of 109 companies listed on the UAE’s stock markets reported a 55.23% increase in their net profit during 2017, registering AED 68 billion, compared to AED 55.23 billion in 2016, Mubasher’s data …
NBE plans to issue certificates of deposit with a 17%-yield.
18 February 02:22 PM NBE raises EGP 475bn from 16%, 20%-yield CDs
Cairo – Mubasher: The National Bank of Egypt (NBE) has netted about EGP 475 billion through high-yielding certificates of deposit (CDs) launched when the Central Bank of Egypt (CBE) floated the pound on 3 November 2016, said deputy chairman Yehia …
China is the largest foreign holder of US government debt
18 February 01:29 PM KSA's US Treasury holdings hit $147.4bn in December
Riyadh – Mubasher: Saudi Arabia raised its holdings of the US Treasuries by 43.4% year-on-year or $44.6 billion in December 2017. The kingdom’s holdings of the US’ bonds and treasury bills (T-bills) amounted to $147.4 billion during the last month …
These profits were made on the back of higher sales volume
18 February 11:58 AM UAE’s real estate firms maximise earnings in 2017 – Report
By: Mahmoud Gamal Dubai – Mubasher: The real estate companies listed on both the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) reported unexpectedly high profits during the full-year 2017. These profits were made on the …
Jafza Logo
18 February 12:24 AM Jafza’s food sector grows 12%
Dubai - Mubasher: Food and beverages sector in Jebel Ali Free Zone (Jafza) grew by 12% in 2017. The number of operating companies in the sector increased from from 507 in 2016 to 570 last year. DP World chairman and CEO Sultan bin Sulayem said …
Photo Archive
18 February 12:14 AM QNB raises oil prices estimates in 2018
Mubasher: Qatar National Bank (QNB) has raised its expectations for oil prices this year. The bank’s weekly report expects Brent crude to average $60 to $65 per barrel, compared to its previous estimates of $55 to $60. The report also expects …
UAE Minister of Energy and Industry Suhail Al Mazroui
17 February 08:58 PM UAE commits to OPEC deal
Abu Dhabi - Mubasher: The UAE minister of energy Suhail Al Mazroui expects oil and natural gas to account for 52% of the global energy mix by 2040. The UAE will continue to commit to the OPEC-led output cuts throughout 2018, the minister noted.   …
Photo Archive
17 February 12:16 AM KSA, IFAD agreement to benefit 30,000 farmers
Mubasher: The Saudi Ministry of Environment, Water and Agriculture said that the agreement with the International Fund for Agricultural Development (IFAD) will have 30,000 beneficiaries. The aim of the agreement is to help small farmers in Jizan, …
The food and beverage products' segment made up 70% of the market
15 February 01:28 PM GCC food, beverage sector to hit $196bn by 2021 – Report
Dubai – Mubahser: Food and beverage sector in the GCC is expected to increase by 7.1% a year to reach $196 billion by 2021, compared to the current $130 billion, MENA Research Partners said in a report on Thursday. Saudi Arabia acquired more than …
Global oil prices increased noticeably on Tuesday
15 February 10:26 AM Kuwait’s crude oil down 20 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 20 cents to settle at $58.91 per barrel (pb) on Wednesday compared to $59.11 pb on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the global level, …
Photo Archive
15 February 04:26 AM Saudi insurance sector facing uncertainties
Riyadh - Mubasher: Al Rajhi Capital Research believes growth rates for the Saudi insurance sector would be at the best tepid or negative in the short to medium term as there are other challenges offsetting these benefits. This is mainly in the …
Several investors search for investments in the Saudi properties sector
14 February 06:24 PM Saudi non-hydrocarbon sector pushes up growth in 2018
Riyadh – Mubasher: Saudi Arabia’s gross domestic product (GDP) is expected to grow 2% in 2018 and 2.8% in 2018, JLL’s country head of Saudi Arabia Ibrahim Al Buloushi stated. Investment opportunities in Saudi Arabia are laying the foundations for …
Global is a regional asset management and investment banking firm
14 February 04:53 PM Kuwait’s Global backs Turkish Yargıcı in franchising in GCC
Mubasher: Global Investment House announced that Yargıcı Konfeksiyon Ihracat ve Ticaret, one of the leading women fashion retail brands in Turkey since 1978 has recently signed master franchise agreements with two major retailers in the GCC to …
First Abu Dhabi Bank (FAB) ranked first
14 February 11:41 AM UAE banks’ boards recommend AED 18bn dividends
By: Mahmoud Gamal Abu Dhabi – Mubasher: Boards of banks listed on the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) have recommended the distribution of total dividends of AED 17.8 billion for 2017, according to a survey …
Photo Archive
13 February 06:14 PM Egypt, Algeria could partner to explore oil in Africa
Cairo - Mubasher: Algeria is seeking to partner with Egypt in oil exploration, the Algerian minister of Energy told his Egypt counterpart on Tuesday. Minister Mustapha Guitouni met with the Egyptian minister of petroleum Tarek El-Molla on the …
Qatar cuts oil production to 596,000 bpd in January 2018
12 February 06:04 PM Qatar cuts oil output to 596,000 bpd in January - OPEC
Mubasher: Qatar reduced oil production by 6,700 barrels per day (bpd) in January 2018 under the decision taken by the Organization of Petroleum Exporting Countries (OPEC) which requires members to trim oil production. Oil output from the world’s …
The picture for family businesses across the GCC seems relatively optimistic
12 February 05:24 PM GCC family business optimistic about economic growth – Survey
Mubasher: Family-run businesses in the Gulf region remain highly resilient at the beginning of 2018, according to a recent report titled “GCC Family Business Survey 2017” by KPMG. This positive outlook proves once again that this major segment of …
Regulators have enhanced their monitoring and supervision methodologies
12 February 12:46 PM GCC gov'ts far from resolution regimes for conventional, Islamic banks - S&P
Mubasher: GCC banks adopt many of the best practices and international regulations when they are put into effect, but the region's governments take a long time to implement resolution regimes, S&P Global Ratings said in a report on Monday.   On …