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 …
Dubai – Mubasher: The deal value of the MENA region’s food and beverage mergers and acquisitions (M&A) in 2016 reached $3.4 billion, up from $402 million in the previous year, according to Mergermarket. The value is considered the highest since …
Kuwait – Mubasher: The sales of the real estate sector in Kuwait shrank by 10% to about KWD 672 million during the first quarter of 2017, compared to the same quarter of 2016, according to a recent report issued by Kuwait International Bank (KIB). …
Mubasher: The prices of real estate sector in Saudi Arabia decreased by 10% during the first quarter of 2017 when compared to the same quarter of 2016, according to recent data issued by the General Authority for Statistics. The data showed that …
Mubasher: The number of Muslim international travellers is expected to grow to 156 million in 2020, from 121 million in 2016, with travel expenditure projected to reach $220 billion, according to a recent study The Mastercard-Crescentrating Global …
Mubasher: The real estate sector in Kuwait posted a decline of 17% in sales to KWD 590 million during the first quarter of 2017 as compared to the same period in the prior year, according to a report issued by the National Bank of Kuwait (NBK). In …
By: Mahmoud Gamal Dubai – Mubasher: Foreign traders on the UAE’s stock markets were buyers in April, reflecting the opportunities present in local stocks despite the fluctuations seen across some global markets and in oil prices. The total value …
Riyadh – Mubasher: Net sales of foreign investors reached SAR 458.24 million during last week, which ended on 27 April, according to statistics of the Saudi Stock Exchange (Tadawul). The total value of shares purchased by foreign investors during …
Mubasher: The hotel and restaurant segment in Bahrain will be endorsed by the establishment of 15 new five- and four-star hotels as well as beachfront resorts worth $10 billion during the coming five years. The hotel sector has recently witnessed …
Riyadh – Mubasher: The Saudi non-oil exports to the GCC retreated SAR 171 million or 7% to SAR 2.28 billion in February 2017 from SAR 2.45 billion in the previous year. Exports to the UAE came on top of Saudi exports with a value of SAR 1.1 …
Riyadh – Mubasher: Saudi Arabia’s non-oil imports retreated 17.9% in February 2017. Non-oil imports reached SAR 36.6 billion ($9.76 billion) in February, compared to SAR 44.56 billion ($11.88 billion) in the year-ago period. The non-oil imports …
Riyadh – Mubasher: Saudi Arabia’s non-oil exports fell 8.8% in February 2017. Non-oil exports reached SAR 12.62 billion ($3.37 billion) in February, compared to SAR 13.84 billion ($3.69 billion) in the year-ago period. The non-oil exports’ value …
Riyadh – Mubasher: Net sales of foreign investors reached SAR 165.61 million last week, ended 20 April, according to the Saudi Stock Exchange’s (Tadawul) statistics. The total value of shares purchased by foreign investors during this period …
Riyadh – Mubasher: NCB Capital set the price target (PT) of Qassim Cement at SAR 59.7, with a "neutral" recommendation. The research firm noted that the cement company’s results for the first quarter of the year came below its estimates of SAR …
Mubasher: The banks in Kuwait posted a growth of 3.3% in credit value at KWD 34.4 billion in February; the lowest credit growth in five years, according to a recent report issued by Kuwait Finance House (KFH). The granted loans edged up by 0.6% in …
Abu Dhabi – Mubasher: Apartment rental rates dropped 3% quarter-on-quarter in the first three months of 2017, and 8% over the last twelve months, according to a recent report. A combination of reduced public spending, business contraction, a …
Dubai – Mubasher: A UK government-led delegation of Investors are scheduled to visit the UAE in April to hold investment talks and deals with Middle East investors and reinforce the investment and trade relationships between the two regions. The …
Mubasher: Landlords are at the mercy of tenants in Oman, as subdued economic activity and low demand force flexible, innovative, and revised approaches onto the market to entice prospective tenants, according to a report. The Cluttons Muscat …
Abu Dhabi – Mubasher: Abu Dhabi’s real estate market saw rent and sales prices of apartments and villas collectively fall in the first quarter of 2017, as economic uncertainty continues, the job market slugs, and the oil and gas sector shrinks, …
Riyadh – Mubasher: Saudi Arabia’s telecommunications and technology market is considered one of the largest in the Middle East, according to AbdulAziz bin Salem Al Rowais, governor of the Kingdom’s Communications and Information Technology …
Mubasher: Family businesses in the GCC region are facing serious challenges in today’s highly competitive business environment, according to report released by Orient Planet Research on Tuesday. Some of the region’s largest publicly listed …
