Dubai – Mubasher: The UAE's real estate sector has witnessed a 25% rise in overall transactional activity in the first quarter of 2017, said the Dubai Land Department's (DLD) director general at the first Ramadan Real Estate Majlis. Speaking at …
Mubasher: A report by Standard and Poor's Global Ratings (S&P) showed that assets of the Islamic finance industry amounted to $2 trillion by the end of 2016. The rating agency expects the industry to continue to grow this year, then lose some …
Riyadh – Mubasher: Saudi Arabia's crude exports fell to 7.01 million barrels per day (bpd) in April compared to 7.23 million bpd in March, according to Reuters. The Kingdom pumped 9.946 million bpd in April up from 9.90 million bpd in March. Crude …
Cairo - Mubasher: The Egyptian minister of communication and information technology said that the country’s mobile phone service providers will obtain the frequencies for the fourth generation (4G) of mobile telecommunications technology on …
Abu Dhabi – Mubasher: The average prices of 16 building material groups saw a decline year-on-year in May 2017, according to a report released by the Statistics Center Abu Dhabi (SCAD). The average price of the diesel group increased 23.1%, while …
Riyadh – Mubasher: The possible stability of oil prices at $53 per barrel will lead the fiscal deficit to settle at 4.9% of GDP in 2020, according to BofA Merrill Lynch Global Research report. Foreign reserves at Saudi Arabian Monetary Agency …
Riyadh – Mubasher: Saudi Arabia’s general wholesale price index decreased 2.2% year-on-year in May 2017, according to the General Authority for Statistics (GASTAT). Four groups witnessed a decline during the aforementioned period of time, most …
Riyadh – Mubasher: The proven oil reserves of Saudi Arabia reached 266.5 billion barrels by the end of 2016, which is equivalent to 36.6 billion tonnes of oil, according to a report released by the British BP. The Kingdom consumed around 266.5 …
By: Amr Adel and Mahmoud Gamal Dubai - Mubasher: The crises between gulf countries and Qatar has put some Emirati companies in danger, as the crisis has intensified with more pressure being poured on Doha. Saudi Arabia, the UAE, and Bahrain, among …
Riyadh – Mubasher: The REIT traded values in the Saudi Stock Exchange (Tadawul) started to stabilise after being highly volatile from January to May, Al Rajhi Capital reported. The traded value of three listed REITs reached as high as 20% of the …
Riyadh – Mubasher: Cement-producing companies operating in Saudi Arabia saw a decrease in sales by 21.4% in May. Cement sales totalled 4.51 million tonnes in May down from 5.74 million tonnes in May 2016, according to the monthly report issued by …
Cairo – Mubasher: MubasherTrade Research on Sunday said it forecast Egypt’s annual inflation to decline in the coming months, with the exception of a possible hike in July on the back of the implementation of a 13% to 14% value-added tax (VAT) …
Mubasher: The total value of bond issues across the GCC in the first five months of 2017 has reached around $22 billion in sovereign and corporate bonds year-to-date, Fisch Asset Management said Sunday. The value of bonds in the six-member GCC …
By: Mahmoud Gamal Mubasher: Recent decisions taken by several Arab countries to sever their diplomatic ties with Qatar have brought about fears of impacts hitting the Qatari energy sector as well as its liquefied natural gas (LNG) supply to global …
Riyadh – Mubasher: The balance sheet of Saudi Arabia’s banking sector rose 1.9% year-on-year and 0.5% quarter-on-quarter to SAR 2.267 billion in the first quarter of 2017, according to Aljazira Capital. Total loans accounted for 72.3% of total …
Kuwait – Mubasher: The sales of the real estate sector in Kuwait declined in April to their lowest level in eight months, after a sudden activity in March, according to a recent report issued by the National Bank of Kuwait (NBK). On an annual …
Riyadh – Mubasher: Capital Economics reported that the latest continued slowdown in the Saudi economy was attributed to the weakness in the oil sector, expecting it to continue to trim headline gross domestic production (GDP) growth this year …
Mubasher: The value of the GCC e-commerce market is forecast to reach $20 billion by 2020, according to a new study released by A.T. Kearney. This market is set to see an unprecedented expansion as the number of online shoppers increase across the …
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), …
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 …
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 …
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 …
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 …
