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29 September 11:37 PM

News Analysis

Saudi imports from Arab countries tumbled by 17.65% yearly in H1-20
17 September 02:56 PM Saudi trade surplus with Arab states nears $6bn in H1
Riyadh – Mubasher: Saudi Arabia registered a trade surplus with Arab countries worth SAR 22.47 billion ($5.99 billion) in the first half (H1) of 2020, a yearly decrease of 37.5% when compared to SAR 35.93 billion ($9.58 billion) in the year-ago …
Sector Reports
Photo Archive
15 September 01:27 PM Saudi ranks third in MENA by startup deals, funding – MAGNiTT
Riyadh – Mubasher: Various economic sectors in Saudi Arabia generate growing interest in startups in implementation of the Kingdom’s Vision 2030, boosting the GCC nation to take the third spot in terms of the number of deals and total …
Macroeconomics
Saudi Stock Exchange (Tadawul)
2 September 04:39 PM Your guide to the new Saudi derivatives market - Infographic
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) launched the Derivatives Market on 30 August 2020 to start trading of the kingdom's first exchange-traded derivatives product. The financial derivatives market will offer investors a …
Trading Activities
DFM has approved BH Mubasher as a Market Maker
30 August 04:50 PM DFM approves BH Mubasher as Market Maker
Dubai – Mubasher: The Dubai Financial Market (DFM) has approved BH Mubasher, a leading company in the UAE’s financial market, as a Market Maker. The move authorises BH Mubasher to provide liquidity to companies listed on the DFM, according to the …
Global Economy
Photo Archive
30 August 04:06 PM Saudi Muqassa commences operations
Riyadh – Mubasher: The Securities Clearing Center Company (Muqassa) announced on Sunday the commencement of its operations, post the announcements of its establishment in 2018 and its license earlier this year. Muqassa is responsible, as an …
Trading Activities
Saudi Stock Exchange
30 August 10:37 AM Goldman Sachs joins Tadawul as derivatives exchange member
Riyadh – Mubasher: Goldman Sachs Saudi Arabia has completed all regulatory and technical requirements to become a member of the Saudi Stock Exchange (Tadawul). Goldman Sachs will have the right to conduct brokerage services for derivatives trading …
Derivatives
The derivatives market will be launched on Sunday, 30 August
27 August 04:26 PM Investors awaiting launch of Saudi derivatives market next week
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) is close to launching the Derivatives Market to start trading of the kingdom's first exchange-traded derivatives product. Many market analysts affirmed the launch, set to take place on Sunday, …
Event
How the pandemic changed the e-payments outlook in MENA?
12 August 07:27 PM The future of e-payment solutions after COVID-19
By: Moslem Ali Cairo – Mubasher: “Stay Home” is a global call that spread across the world over the past months, signalling not only a new public policy and a health precaution against an infectious disease but a turning point in how markets …
Macroeconomics
The joined members can now provide brokerage services for derivatives trading
9 August 05:11 PM Tadawul welcomes five members to derivatives market
Riyadh - Mubasher: The first group of the derivatives exchange members has joined the Saudi Stock Exchange’s (Tadawul) derivatives market after completing all necessary regulatory and technical requirements and procedures. The list includes NCB …
Markets Regulations
The OSPs to Northwestern Europe declined by $2.5
6 August 03:58 PM Saudi Aramco sets crude selling prices for September
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has set the official selling prices (OSPs) for its Arab light crude oil for September delivery, according to Reuters. The Saudi company has decreased the OSPs of Arab light crude oil …
Sector Reports
The FDI inflow to the Arab region could shrink by more than 21% in 2020
3 August 12:09 PM Saudi Arabia is most attractive GCC destination for FDI in Q1
Riyadh – Mubasher: The number of new foreign direct investment (FDI) projects launched by GCC states to other countries went down by 8% in the first quarter (Q1) of 2020 to stand at 70 projects valued at $4.9 billion. The projects’ investment cost …
Sector Reports
BeIN Sports shall return all financial gains it obtained as a result of the violation
14 July 04:09 PM KSA imposes SAR 10m fine on BeIN Sports; terminates licence permanently
Riyadh - Mubasher: Investigations conducted by the Saudi General Authority for Competition (GAC) against BeIN Sports indicated that the channel had abused its dominant position and committed several monopolistic practices related to potential …
Markets Regulations
Muqassa aims to support the growth of the Saudi capital market
14 July 11:45 AM Muqassa to commence operations on 30 August
Riyadh - Mubasher: The Securities Clearing Center Company (Muqassa) will begin its operations on 30 August 2020 after its establishment in 2018 and its licence earlier this year. Muqassa aims to support the growth of the Saudi capital market …
Markets Regulations
The launch will further develop the Saudi market
14 July 10:21 AM Tadawul to launch derivatives market in August
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) will launch the Derivatives Market on 30 August 2020 to start trading of the kingdom's first exchange-traded derivatives product. The launch is an important step to develop the Saudi market. …
Markets Regulations
The airline aims to operate nearly 45% of its pre-COVID capacity by August
7 July 12:54 PM Etihad Airways to expand services to 58 cities worldwide
Abu Dhabi - Mubasher: Etihad Airways announced the gradual expansion of normal scheduled services to more cities across its global network following the relaxation of COVID-19 travel restrictions on outbound and inbound travel for citizens and …
Sector Reports
Committed investments in the GCC region increased by 2.3%
16 June 01:09 PM Investments in MENA estimated at $792bn in 5 yrs – APICORP
Mubasher: The Arab Petroleum Investments Corporation (APICORP) estimates that planned and committed investments in the Middle East and North Africa (MENA) region will exceed $792 billion over the next five years from 2020 to 2024. The estimated …
Macroeconomics
Saudi Arabia’s maritime needs are set to significantly grow
10 June 02:51 PM Shipbuilding expected to boom on GCC energy ambitions
Mubasher: As regional energy companies try to solidify their oil and gas market share over the long term, competition in the Arabian Gulf region amongst national oil companies (NOCs) to establish global energy dominance has paved the way for a …
Sector Reports
KPMG - Saudi Arabia
2 June 04:53 PM M&A deals in GCC expected to grow amidst COVID-19 – Report
Riyadh – Mubasher: A recent report by KPMG is expecting merger and acquisition (M&A) deals in Saudi Arabia and other Arabian Gulf countries to increase amid the coronavirus disease (COVID-19) pandemic. With many small and medium-sized enterprises …
Mergers and Acquisitions
Photo Archive
31 May 04:01 PM Tadawul lists AlBilad Gold ETF
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced the listing and trading units of “AlBilad Gold ETF” as an exchange-traded fund (ETF). on Tuesday 2 June 2020. The units if the fund will be traded under the symbol 9405. The Saudi …
Trading Activities
The UAE's oil production in May came in line with the OPEC+ agreement
31 May 10:19 AM UAE delivers 2.4m bpd in May
UAE - Mubasher: The UAE has produced 2.40 million crude oil barrels per day (bpd) in May, a source told Reuters. The UAE's oil production in May came in line with OPEC+ agreement to cut oil supply by 9.7 million bpd as of 1 May, due to a decrease …
Commodities
Saudi Aramco is currently the most profitable company worldwide
26 May 11:02 AM World's top 2,000 list includes 40 Arab companies; Aramco ranked 5th
By: Amal A. Wahaab Mubasher: This year's Forbes Global 2000 list saw the inclusion of 40 companies from the Arab world in the magazine's ranking of the world's top 2,000 companies, based on assets, profits, revenues, and market value.  Oil giant …
Global Economy
Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla
25 May 01:41 PM Egypt plans EGP 19bn investments in petrochemical projects
Cairo - Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources is considering the implementation of 11 new petrochemical projects at a total value of around EGP 19 billion, Minister of Petroleum and Mineral Resources Tarek El-Mulla …
Sector Reports
Hotels in five governorates could reopen after receiving the safety certificate
24 May 11:13 AM Egypt grants health safety certificates to over 70 hotels
Cairo - Mubasher: More than 70 hotels in Egypt last week have received the health safety certificate, which is necessary for resuming their operations, according to Egypt’s tourism and antiquities minister. Receiving the certificate came after …
Sector Reports
Egypt's production of natural gas increased to 7 bcf in September
24 May 10:41 AM Egypt's natural gas production reaches 7.2 bcf per day
Cairo - Mubasher: Egypt's daily production capacity of natural gas reached an average of 7.2 billion cubic feet (bcf), Reuters reported citing a recent statement by the Egyptian cabinet. In September, Egypt's production of natural gas increased to …
Commodities
(Photo Credit: cafecredit)
21 May 11:39 AM GCC sees growing trend for fintech platforms amid COVID-19 crisis
Mubasher: The GCC region is set for a big leap in the use of financial technology applications amid the coronavirus (COVID-19) outbreak with the Middle East and Africa (MEA) region witnessing a 70% growth in the use of contactless payments, …
Banking and Finance