By: Thabet Shehata Riyadh – Mubasher: The petrochemical companies listed on the Saudi Stock Exchange (Tadawul) registered a 23% increase in profits during the full-year 2018, logging SAR 32.5 billion, from SAR 26.4 billion in 2017, Mubasher …
Dubai – Mubasher: Emirates REIT, the world's largest sharia-compliant Real Estate Investment Trust, on Thursday announced that its portfolio value reached AED 3.5 billion ($940 million) in the full-year 2018. Net asset value (NAV) recorded $1.736 …
Mubasher: The UAE announced the launch of satellite 813, following the country’s initiative to form the first Arab Space Coordination Group along with 11 Arab nations to develop, 813, the UAE Space Agency announced today, according to Emirates …
Mubasher: More than 30 airlines will participate in CONNECT Middle East, India & Africa (MEIA) which will take place in Dubai on Tuesday 30 April and Wednesday 1 May, according to a press release on Monday. Among those who registered for the …
Mubasher: Recent data showed that Kuwait’s holdings of the US Treasury bonds decreased by 1.45% in January when compared to December 2018. Kuwait’s holdings of the US debt instruments declined to $40.7 billion in January from $41.3 billion last …
Mubasher: The number of European visitors to the GCC region is expected to rise 29% in the period between 2018 and 2023, on the back of new and direct flight routes, higher number of millennial and middle-class travellers and attractive air fares. …
Mubasher: The US-based Starkey Hearing Technologies has launched in the UAE the world’s first multipurpose hearing device with Artificial Intelligence (AI) technology, according to a press release on Thursday. This hearing device, specialised for …
Abu Dhabi – Mubasher: Banks operating in the UAE are expected to see a rise in loan losses over the next 12 to 18 months as the drop in real estate prices and rising interest rate reduce borrowers’ cash flow, Moody’s said in a recent report. …
Mubasher: European visitors to the GCC nations are forecast to grow 29% by 2023, recent data released on the sidelines of the Arabian Travel Market (ATM) 2019 showed. Colliers International, which is ATM’s research partner, expected that up to 8.3 …
Cairo – Mubasher: Egypt’s telecommunications sector grew 17.4% in the first half of its fiscal year, data released on Monday showed. The sector attracted foreign direct investments (FDI) worth $63.8 million between July and December 2018, while …
Mubasher: Mergers and acquisitions (M&A) are one of the widely adopted corporate strategies that endorse the growth of an organization; however, not all mergers yield positive outcomes, according to Raghu, executive vice president (EVP) and head …
Mubasher: Population in the middle east and north Africa (MENA) is expected to grow to 654 million by 2050 from 443 million, according to UN research figures, a recent press release said. Based on the UN figures, the population in the Gulf …
Riyadh — Mubasher: Saudi Arabia, the world's largest oil exporter, is looking to slash its crude oil exports in April to below 7 million barrels per day (bpd), along with maintaining its output “well below” 10 million-bpd threshold, a Saudi …
Dubai – Mubasher: Dubai’s non-oil private sector economy remained strong in February, with a similar rate of January, according to a report compiled by IHS Markit for Emirates NBD PJSC. The seasonally adjusted Emirates NBD Dubai Economy Tracker …
Dubai – Mubasher: The US foreign direct investment (FDI) inflows to Dubai reached up to $3.9 billion in the full-year 2018, making it the emirate’s top foreign investor. The total trade volume between the US and the UAE recorded $21.8 billion …
Dubai – Mubasher: Dubai’s external non-oil trade reached AED 1.3 trillion in the full-year 2018 in spite of a plethora of global challenges putting sands in the wheels of trade growth. Trade tensions between major economic powers and a global …
Mubasher: Oman’s gas production is forecast to exceed its oil output by 2023 owing to a major rise in the development of gas fields in the country, a new report by Rystad Energy has said. The sultanate’s gas output may increase to 130 million …
Dubai — Mubasher: Dubai’s retail market remains robust despite a slew of “soft” years, the CEO of Emaar Malls, a unit of Emaar Properties which operates high-end retail facilities including Dubai Mall, said. “I think it's fair to say that the last …
Mubasher: Oman is expected to witness more tourists between 2008 and 2023 at a compound annual growth rate (CAGR) of 5% to 3.5 million. The expected increase in tourism arrivals will be mainly supported by the growing number of Indian visitors, …
Mubasher: Qatar's real estate price index witnessed a 2.49% year-on-year decline at the end of December 2018, according to data released by Qatar Central Bank (QCB) on Wednesday. The GCC nation’s real estate price index registered 246.54 points …
Riyadh – Mubasher: Saudi Arabia’s non-oil private sector saw a slight growth in February with a rise in new orders, according to a recent survey sponsored by Emirates NBD and produced by IHS Markit. The seasonally adjusted Emirates NBD Saudi …
Abu Dhabi – Mubasher: The UAE’s non-oil private sector dropped to its lowest level since October 2016 in February, pressured by slower growth in new orders coupled with a steep decline in employment, a recent survey sponsored by Emirates NBD and …
Cairo - Mubasher: Egypt’s non-oil private-sector growth eased in February amid moderate deterioration, marking a 17-month low. The seasonally adjusted Emirates NBD Egypt Purchasing Managers’ Index (PMI) fell to 48.2 in February from 48.5 in …
Mubasher: Kuwait has registered a slight increase in inflation during the fourth quarter of 2018, a report by the National Bank of Kuwait (NBK) said. Inflation in Kuwait edged up from 0.3% in September 2018 to 0.4% by the end of Q4-18, NBK said, …
Abu Dhabi – Mubasher: The UAE's inflation decreased by 2.39% year-on-year and 0.12% month-on-month in January, according to a recent report by the Federal Competitiveness and Statistics Authority. The UAE Consumer Price Index (CPI) recorded 109.61 …
