Sector Reports

KSA’s inflation falls 0.2% in October – GASTAT
2 hours ago KSA’s inflation falls 0.2% in October – GASTAT
Riyadh – Mubasher: The Saudi cost of living index,urban consumer price inflation shed 0.2% year-on-year in October 2017, remaining negative for the tenth consecutive month, Saudi General Authority for Statistics (GASTAT) said on Tuesday. The …
Written premiums increased by 15%
20 November 05:28 PM UAE insurance firms recover after long-term losses - Analysis
By: Mahmoud Gamal Dubai – Mubasher: Insurance companies listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) saw over a 50% increase in net profits in the first nine months of 2017, pushed up by government …
Saudi gov’t pays SAR 11.5bn debt in 9M – MoF
20 November 04:05 PM Saudi gov’t pays SAR 11.5bn debt in 9M – MoF
Riyadh – Mubasher: Saudi Arabian government paid debts at a value of SAR 11.55 billion during the first nine months of 2017, the Saudi Ministry of Finance’s (MoF) data showed. MoF paid SAR 3.05 billion as debts, in addition to amortising …
About 63% of the expats in Manama feel good about their job security
19 November 10:51 AM Manama leads world's best cities for expats - Survey
Mubasher: The Bahraini capital Manama topped the list of world’s best cities for expats, followed by Prague, Madrid, Kuala Lumpur, and Amsterdam in the Expat Insider 2017 survey.   As for the rest of the Gulf cities in the list, Muscat, Abu Dhabi, …
Passenger cars’ sales in Euro zone grew 5.9% year-on-year to reach 1.2 million cars in October
16 November 12:15 PM Auto sales in Eurozone go up 6% in October
Mubasher: Passenger car sales in the Eurozone grew 5.9% year-on-year to reach 1.2 million cars in October, whereas it registered a 2% decrease in September. The increase was attributed to sales’ rise in Spain, France, and Italy, according to …
Euro zone trade balance surplus surges in September on higher exports
15 November 05:21 PM Euro zone trade balance surplus surges in September on higher exports
Mubasher: Euro zone's trade balance surplus rose during September, exceeding the analysts’ expectations. The value of Euro trade balance surplus increased to Euro 25 billion in September, from Euro 21 billion in August, Eurostat’s data on …
Saudi CMA to exempt listed firms from announcing Q4-17 results
15 November 10:19 AM Saudi CMA to exempt listed firms from announcing Q4-17 results
Riyadh – Mubasher: Saudi Arabia-based, Capital Market Authority (CMA) on Wednesday announced its decision to exempt the listed companies on the Saudi Stock Exchange (Tadawul) to announce the initial financial results for the fourth quarter of …
Euro's industrial output falls 0.6% in September
14 November 02:18 PM Euro's industrial output falls 0.6% in September
Mubasher: The industrial production in the European Union (EU) zone tumbled 0.6% during September, against a 1.4% increase in August. Eurostat's data attributed the drop in industrial production to a 1.6% decrease in capital goods’ production. …
US crude supplies to exceed highest crude market output – IEA
14 November 12:24 PM US crude supplies to exceed highest crude market output – IEA
Mubasher: The surge in oil and gas supplies from the US will be the largest growth seen in crude oil markets, International Energy Agency’s (IEA) annual report on Tuesday revealed. By 2025 the US oil production will equal Saudi production at its …
Photo Archive
13 November 04:11 PM UK to end ban on flights to Sharm El Sheikh
Cairo - Mubasher: The United Kingdom is planning to lift the ban on travelling to Sharm El Sheikh by February 2018, El Shorouk reported on Monday citing unnamed tourism sources. An alliance in the House of Lords supports the British government …
Saudi e-commerce hits SAR 30bn in 2016 – Report
13 November 12:40 PM Saudi e-commerce hits SAR 30bn in 2016 – Report
Riyadh – Mubasher: The value of e-commerce by the consumers and companies in Saudi Arabia reached SAR 30 billion in 2016, said a recent report by the Saudi Communications and Information Technology Commission (CITC). The average of Saudi shopper’s …
SAUDIA passengers level up 12% in October – Report
12 November 05:39 PM SAUDIA passengers level up 12% in October – Report
Riyadh – Mubasher: Saudi Airlines (SAUDIA) on Sunday announced that the number of passengers surged 12% to reach 2.4 million guests during October. Guests’ number increased to reach 27 million from January until October, the Saudi authority’s …
GCC oil, gas projects hit $331bn in November – Report
12 November 12:01 PM GCC oil, gas projects hit $331bn in November – Report
Dubai – Mubasher: The total value of 361 oil and gas projects in the GCC reached AED 1.21 trillion ($331.4 billion) in November, Trade Arabia reported, citing a report of BNC as saying. The number of oil and gas projects in the GCC nations …
Boeing had around 630 purchase orders in Middle East
11 November 05:31 PM Boeing sees Middle East as key market for growth - VP
Dubai - Mubasher: Boeing is expecting an increase in demand on commercial airplanes in the Middle East, said the company’s vice president of sales in the Middle East, Russia and Central Asia. Marty Bentrott added in a press conference in Dubai on …
UK trade deficit drops in September on higher exports to EU nations
10 November 06:48 PM UK trade deficit drops in September on higher exports to EU nations
Mubasher: The UK trade deficit decreased by GBP 700 million to reach GPB 2.75 billion in September, data from the Office for National Statistics (ONS) revealed. The UK attributed the decline in its trade deficit to an increase in its goods’ …
Chinese gov’t expenses fall 8% in October – MoF
10 November 01:26 PM Chinese gov’t expenses fall 8% in October – MoF
Mubasher: China’s governmental financial expenses decreased 8% in October, compared to 1.7% in September, said the data of Ministry of Finance (MoF) of the People's Republic of China on Friday. The expenses of the State Council of the People's …
Kuwaiti oil barrel price decline 4 cents on Thursday
10 November 12:57 PM Kuwaiti oil barrel price decline 4 cents on Thursday
Mubasher: The price of Kuwaiti oil barrel dropped four cents in Thursday’s trading activities to reach $60.31, against $60.35 on Wednesday, data of Kuwait Petroleum Corporation (KPC) showed. In the international markets, crude oil prices rose in …
Bitcoin Cash surges 19% Friday
10 November 10:32 AM Bitcoin Cash surges 19% Friday
Mubasher: Bitcoin Cash currency surged 19% during Friday’s trading activities, registering its highest level since 20 August. By 7:05 am GMT time, the currency surged to reach $753.4. Bitcoin Cash’s market capitalisation value in the current time …
Charges on expatriates, companions in KSA not changed – MoF
7 November 10:38 AM Charges on expatriates, companions in KSA not changed – MoF
Riyadh – Mubasher: The money which is collected from expatriates and their companions remained unchanged, and collecting it will not be postponed, the Saudi Ministry of Finance (MoF) said. The minister of finance Mohammed Al-Jadaan previous …
Saudi inflation drop 0.2% YoY in Q3-17 – SAMA
6 November 03:55 PM Saudi inflation drops 0.2% YoY in Q3-17 – SAMA
Riyadh – Mubasher: The Saudi cost of living index (inflation) shed 0.2% year-on-year in the third quarter of 2017, the Saudi Arabian Monetary Authority (SAMA) on Monday said. Year-on-year, tobacco section surged 99.8%, followed by education with …
Five out of the eight regional indices rose last week
6 November 01:20 PM 5 regional indices rise; 3 sink as oil prices rise – Al Masah Capital
Mubasher: New forecasts regarding the extension of the agreement by the Organization of Petroleum Exporting Countries (OPEC) to cut production pushed up oil prices to record their highest levels in two years, a new report showed. Brent crude …
Business optimism in October was the highest in more than two years
5 November 09:50 PM Egypt’s PMI softens downturns in October
Cairo – Mubasher: Egypt’s non-oil private sector has softened its downturn pace in October, according to a recent survey sponsored by Emirates NBD and produced by IHS Markit on Sunday. The Emirates NBD Purchasing Managers’ Index (PMI) rose to 48.4 …
KSA not to apply VAT on medicine, house rents – GAZT
5 November 05:47 PM KSA not to apply VAT on medicine, house rents – GAZT
Riyadh – Mubasher: Saudi Arabia will not apply the value added tax (VAT) on medicines and house rents, the General Authority of Zakat and Tax (GAZT) has said. Issuing of driving licences and passports and their renewal fees, will also be exempted …
Saudi private sector PMI rises in October – Report
5 November 05:42 PM Saudi private sector PMI rises in October – Report
Riyadh – Mubasher: The Saudi non-oil private sector saw a strong performance during October, after output and new orders increased, which helped improve operating conditions. Price-wise, cost prices increased which resulting in higher selling …
US weekly natural gas stockpiles rise by 65bn cu.ft
2 November 06:35 PM US weekly natural gas stockpiles grow by 65bn cu.ft
Mubasher: The US natural gas inventories rose during the previous week which was ended on 27 October by 65 billion cubic feet to reach 3,775 billion cubic feet, according U.S. Energy Information Administration’s (EIA) data Analysts’ expectations …