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News Analysis

Revenues are expected to remain down in Q3-19
8 October 04:37 PM Al Jazira Capital: Saudi petrochemical sector seen up MoM, down YoY in Q3
Riyadh – Mubasher: Al Jazira Capital predicted the net income of the Saudi petrochemical sector to improve by 9% during the third quarter of 2019, compared to the second quarter of the same year. The research company ascribed the increase in …
Vessels at anchorage are “still on-hold until further notice”
16 September 12:02 PM Impact on oil prices seen limited after attack on Aramco - Refinitiv Oil Research
Mubasher: The impact of the recent attacks in Saudi Arabia on oil prices remains unknown; however, with the global demand forecasts being revised downwards based on trade wars and economic downturn, the impact might be limited unless a significant …
KOC’s average capital spending totals KWD 2 billion in FY19/20
12 September 05:09 PM KOC's operating budget totals KWD 2.5bn in FY19/20
Mubasher: The CEO of Kuwait Oil Company (KOC) Emad Sultan announced that the firm’s operating budget for fiscal year 2019/2020 amounts to KWD 2.5 billion, as reported by Alrai Newspaper. He concluded that KOC’s average capital spending for the …
Kuwait posted a monthly rise of 0.71% in oil production in May
25 July 03:26 PM Kuwait’s crude oil exports decline 5% in May
By: Eman Ghaly Mubasher: The exports of Kuwait’s crude oil reported a 5% month-on-month (MoM) decline during May, according to the data revealed by the Joint Organisations Data Initiative (JODI). Crude oil exports from Kuwait recorded 1.986 …
Egypt's net international reserves currently amount to $44 billion
11 June 12:00 PM Planning minister reviews Egypt’s economic position since 2013
Cairo – Mubasher: Egypt’s economic performance and fundamentals have been significantly improving because of the current adopted reforms and policies, making the economy stands on stronger footing relative to where it was in 2013, the country’s …
Hilton Garden Inn in Muscat, Oman
26 May 01:17 PM Over 3.5K hotel keys likely to enter 3 GCC states, Jordan – Colliers
Mubasher: Three Gulf countries in addition to Jordan have seen more than 800 keys in the hotel sector during the period from Q1-18 and Q1-19. This has resulted in a year-on-year increase of 4% in supply, according to a recent Colliers report on …
Kuwait’s oil output increased by 13,000 bpd year-on-year in March to 2.713 mbpd
22 May 01:38 PM Kuwait’s oil exports edge up in March – JODI
Mubasher: Kuwait’s oil exports inched up 0.69% to 2.034 million barrels per day (mbpd) in March, compared to 2.020 mbpd for the same month a year earlier, according to the Joint Organisations Data Initiative (JODI). The GCC nation’s oil exports …
LG’s 2019 TVs include conversational voice recognition feature
20 May 11:39 AM LG develops world’s 1st Arabic-supported AI televisions
Mubasher: LG Electronics (LG) has announced the first Arabic voice service support in its 2019 televisions that are enabled with Artificial Intelligence (AI) technology. The 2019 TVs from LG come with unique ‘ThinQ AI platform’ which deploys a …
Economic reforms in Saudi Arabia have started to yield positive results
16 May 02:40 PM Saudi Arabia’s real non-oil growth to hit 2.9% in 2019 – IMF
Riyadh – Mubasher: Recent positive indicators combined with an increase in oil prices since the beginning of 2019 have boosted confidence in Saudi Arabia’s economy, the International Monetary Fund (IMF) said in its report released late on …
Autonomous transport something that the UAE is already actively involved in
16 May 10:44 AM Genomic medicine amid UAE’s goals in Fourth Industrial Revolution – Colliers
Mubasher: The Fourth Industrial Revolution (4IR) is becoming an endorsing factor for economies all over the world and it is currently being seen in various sectors such as real estate, banking, entertainment, healthcare, and the new trend of …
TIME Hotels will be exhibiting on stand HC0620 during ATM 2019
22 April 04:33 PM TIME Hotels plans to open 35 properties in Middle East by 2025
Mubasher: The UAE-headquartered hospitality company and hotel operator TIME Hotels plans to launch five properties across the Middle East during 2019. A further expansion to its business is planned, as TIME Hotels targets 35 properties by 2025.   …
Zakaria Haltout will be the managing director of SAP UAE
22 April 01:56 PM Software spending in MENA likely to top $6bn
Mubasher: The digital transformation industry for the small- and medium-sized enterprises (SMEs) and smart cities across the of the Middle East and North Africa (MENA) region is driving regional software spending to reach $6 billion. In …
Total of 2153 billionaires from varied sectors are featured in Forbes 2019
14 April 05:00 PM UAE-based Syrian Aboud among Forbes ME Arab Billionaires 2019
Dubai – Mubasher: The Dubai-based Syrian entrepreneur Ghassan Aboud and noted philanthropist was among the Arab billionaires in Forbes Middle East April 2019 issue. With a wealth estimated at $1.75 billion, Aboud ranked the16th amongst the Arab …
Jumia Group offers 81,000 active sellers
14 April 10:22 AM 1st African tech startup Jumia goes public on NYSE
Mubasher: Jumia Group has listed its shares on the New York Stock Exchange (NYSE) under the name “JMIA” on Friday, 12 April. Active in 14 countries across the world, Jumia Technologies AG has become the first African technologies company to go …
Financial and insurance activities amounted to $23 billion
7 April 05:22 PM UAE acquires 36% of total FDI flow in Arab states in – Report
Mubasher: The UAE has maintained its position as a regional and international destination that attracts foreign direct investment (FDI), coming in the first place among the Arab countries since the past five years, the UAE economy minister Sultan …
The minister has allocated the Hotline 16035 for the initiative
24 March 11:14 AM Egypt announces "Investment without Challenges" initiative
Cairo – Mubasher: The investment and international cooperation ministry of Egypt has launched "Investment without Challenges" initiative to become an effective channel for communication, according to a recent statement. This initiative aims at …
Egypt is expected to register a rise in borrowing up to $27.6 billion in 2019
25 February 11:31 AM Sovereign borrowing in MENA likely to reach $136bn in 2019 – S&P
Mubasher: Sovereign borrowing across the Middle East and North Africa (MENA) region is forecast to increase by 20% in 2019, according to a recent report by S&P Global Ratings, Arab News reported. The 13 countries in the MENA region plans to …
Kuwait exports of crude oil rose by 2.4% m-o-m in December 2018
24 February 02:53 PM Kuwait crude exports hit 20-month high in December
Mubasher: Kuwait has exported crude oil of approximately 2.12 million barrels per day in December 2018, registering the highest level in 20 months since April 2017, according to the Joint Organisations Data Initiative (JODI). The country’s crude …
More than ten countries have imported from Kuwait in January 2019
19 February 05:02 PM Kuwait non-oil exports surge to KWD 13m in January
Mubasher: Total exports from Kuwait increased by 42.6% to KWD 13.4 million in January 2019 compared to KWD 9.4 million in the same month a year ago, according to a recent report by the commerce and industry ministry, Kuwait News Agency (KUNA) …
Renewable resources represent the largest growth area in the region’s new energy supply
6 February 12:36 PM Conventional oil investment seen key challenge – Gulf Energy
Mubasher: Investing in the conventional oil and gas industry remains a major component and challenge in the short-to-medium term, Gulf Energy Information said in a recent statement. This challenge comes despite the move towards a long-term …
The US-China trade war could raise oil price volatility in 2019
5 February 04:10 PM Oil supply may face shortage in 2019 due to Venezuela – KPC official
Mubasher: Global crude oil supply could face big reductions in exports from Venezuela during 2019, the head of Kuwait Petroleum Corporation (KPC), Hashem Hashem, said on Tuesday according to Reuters. "However, the wild card recently has been …
Iraq bottomed the US website’s full list
30 January 06:09 PM UAE leads Arab countries in quality of life
By: Mahmoud Gamal Dubai – Mubasher: The UAE has topped the Arab world in 2019 in terms of cultural openness, diversity, and quality of life. The country ranked 23rd in a list prepared by US News and World Report website, which ranks countries in …
UAE most transparent among Arab peers, according to Transparency International
29 January 07:48 PM UAE most transparent among Arab peers; Saudi ranks 4th - Report
Dubai – Mubasher: The UAE ranked 26th among the world’s most transparent countries and those fighting corruption, according to Transparency International’s (TI) index for 2018. Among its Arab peers, the UAE came first in the ranking. According to …
Photo Archive
18 December 2018 09:24 PM Why has the Egyptian Pound stabilised in 2018?
By: Heba El-Kordy Cairo - Mubasher: The Egyptian pound was stable against the US Dollar during 2018, despite a crisis that struck emerging markets around the world. The majority of market analysts expect the Egyptian currency to slightly decline …
Kuwait’s non-oil exports grew in November by 25.2% in November 2018
16 December 2018 01:53 PM Kuwait non-oil exports rise 25% in November; Qatar tops list
Mubasher: Kuwait’s non-oil exports grew in November by 25.2% to KWD 13.4 million ($44.01 million) from KWD 7.9 million ($25.95 million) a year earlier, data released by the Ministry of Commerce and Industry showed on Sunday. Arab nations made up …