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23 October 10:41 PM

News Analysis

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20 September 03:25 PM GCC asset managers expect more inflows amid growing ESG, Islamic investments – Moody’s
Mubasher: The asset management segment across the Gulf region is expected to witness increased inflows over the coming 12 months in line with the growing demand for Islamic and environmental, social, and governance (ESG)-compliant investments, …
Sector Reports
Photo Archive
20 September 11:29 AM Saudi Arabia continues to be China’s top oil supplier in August
Riyadh – Mubasher: Saudi Arabia has retained its position as China's top crude oil supplier for the ninth month in a row during August, Reuters cited official data by China’s General Administration of Customs on Monday. Saudi oil exports to China …
Macroeconomics
Photo Archive
16 September 04:56 PM Saudi oil exports hit six-month high in July
Riyadh – Mubasher: Saudi Arabia’s oil exports increased to 7.65 million barrels per day (bpd) in July, hitting the highest level in six months since recording 7.75 million bpd in January, according to official data on Thursday. The exports volume …
Commodities
Nihal El-Chami, Head of Programme and Marketing at Falak Startups
14 September 12:49 PM Startup Lounge: More VC investors now interested in Africa, Middle East – Nihal El-Chami
By: Marina Gamil Cairo – Mubasher: With the growing number of startups across different sectors, especially financial technology (FinTech), the dynamics of the venture capital (VC) landscape in Egypt have been changing with local and international …
Sector Reports
ITFC approved for its member countries more than $58 billion since 2008
8 September 05:45 PM ITFC supports members with $605m under COVID-19 Response Program
Mubasher: The International Islamic Trade Finance Corporation (ITFC) has provided the member countries with $605 million as financial support under its COVID-19 Response Program, CEO of ITFC, Hani Sonbol, announced. The corporation aimed to help …
Sector Reports
There was a decline in the capital investment to $12.4 billion
26 August 02:24 PM FDI projects in region decline 7%, capital investment shrinks 17% in H1-21
Mubasher: The number of foreign direct investment (FDI) projects in the Arab countries has decreased by 6.9% to 285 during the first half (H1) of 2021, according to a report by The Arab Investment & Export Credit Guarantee Corporation (Dhaman) on …
Macroeconomics
All of MENA’s top markets saw an absolute positive change in funding
5 August 03:52 PM Saudi Arabia is MENA’s second largest market in VC funding – Report
Mubasher: Total venture capital (VC) funding in the MENA region stood at $1.2 billion in the first half (H1) of 2021, with the UAE acquiring the majority of the share at 62%. Saudi Arabia has been the second largest market in the region with a …
Companies Investments
The signing ceremony
1 August 05:20 PM DirectFN signs contract for African Exchanges Linkage Project
Mubasher: The African Securities Exchanges Association (ASEA) has signed a contract with DirectFN to procure an order-routing system, in support of cross-border trading between African markets. Seven of Africa’s leading securities exchanges are …
Global Economy
The Hajj season this year will witness a digitised journey from start to finish
13 July 01:37 PM How pilgrims benefit from digitisation when performing Hajj
By: Ingy ElSafy Mubasher: The COVID-19 pandemic has brought technology-enhanced methods that help authorities implement social distancing to preserve the health of people. Saudi Arabia will provide a digital Hajj (Muslim pilgrimage) this year and …
Global Economy
Majority of GCC consumers likely to opt for digital banking services
6 July 05:22 PM Majority of GCC consumers likely to opt for digital banking services
Mubasher: The majority of GCC consumers, about 85% of respondents to a survey, would currently opt for digital banking services rather than visiting a bank branch, according to a paper by Backbase with YouGov. With the appetite accelerating more …
Sector Reports
Saudi Arabia’s NCB Capital topped the list with $50.4 billion in AUM
6 July 03:43 PM Saudi Arabia dominates Forbes Middle East’s 2021 asset managers list
Mubasher: A total of 16 Saudi Arabia companies have been included in Forbes Middle East’s 30 Biggest Asset Managers 2021 list, representing more than 50% of the list. The 30 asset managers in the region posted a cumulative $258.2 billion in assets …
Companies Investments
Oil prices closed at $75 per barrel at the end of June
6 July 02:11 PM GCC markets continue to see gains on higher oil prices – Markaz
Mubasher: The S&P GCC Composite index, a comprehensive benchmark covering stocks from the six Gulf markets, gained last June for the eighth consecutive month as oil prices continued to rise, with Brent crude remaining above $70 per barrel …
Trading Activities
MENA’s ESG market currently represents 1.3% of 2021's global issuance
4 July 02:35 PM Green finance in MENA reaches $6.4bn in H1, exceeds global growth rate
Mubasher: Green and sustainability-linked debt issuances in the MENA region amounted to $6.4 billion in value during the first half (H1) of 2021, exceeding the global growth rate, according to a report by Bloomberg on Sunday. The region’s green …
Banking and Finance
Middle East accounts for 23% of the global gaming industry
27 June 04:31 PM Mobile gaming market in Middle East likely to exceed $4bn next year
Mubasher: Approximately 100 million people in the Middle East use mobile gaming, with the industry across the region expected to reach $4.4 billion by 2022 compared to $1.06 billion in 2016. The region’s mobile gaming market grew 25% in 2020, …
Macroeconomics
The UAE topped the Arab region with $19.88 billion worth of FDIs
24 June 02:34 PM UAE, Egypt, Saudi Arabia top Arab countries in FDIs
Mubasher: The UAE, Egypt, and Saudi Arabia were the top three Arab countries attracting foreign direct investment (FDI) inflows in 2020, according to the Arab Investment & Export Credit Guarantee Corporation (Dhaman) report on Thursday. The …
Sector Reports
The GCC listed bank’s NPL ratio increased to 3.4%
22 June 03:57 PM GCC listed banks’ CAR increases to 19% in 2020 – KPMG
Mubasher: The capital adequacy ratio (CAR) of the listed banks across the Gulf area rose to 18.7% in 2020 from 18.4% in 2019, according to a KPMG report. Net profit meanwhile shrank to $25.4 billion last year, compared to $36.6 billion in 2019. …
Banking and Finance
Morocco has emerged as a trending destination for Saudis
20 June 01:27 PM UAE, Egypt among top regional destinations for Saudis – Almosafer
Mubasher: The UAE, Egypt, Bahrain, and Qatar have topped the MENA region’s list of destinations of interest for Saudi international travellers since Saudi Arabia reopened its borders a month ago, given their proximity and familiarity, a recent …
Sector Reports
The Middle East could be having a few more unicorns
17 June 12:25 PM Middle East could be seeing more billion-dollar startups – Careem CEO
Mubasher: The Middle East is not far from seeing more billion-dollar startups in the coming months, and it could be having “a few more unicorns in the region,” CEO of ride-hailing company Careem Mudassir Sheikha stated during a CNBC event The …
Sector Reports
Tadawul remained the MENA region’s top listing venue in Q1-21
17 June 11:27 AM Saudi Arabia continues to lead MENA’s IPO market – EY
Mubasher: Saudi Arabia witnessed the most active initial public offering (IPO) transactions across the MENA region, topping the regional listing venue in the first quarter (Q1) of 2021, a recent report by Ernst & Young (EY) unveiled. The Saudi …
Sector Reports
The Middle East listed banks reduce competition and increase their expertise
16 June 11:02 AM Saudi Arabia, UAE dominate Forbes Middle East’s top 50 listed banks
Mubasher: Saudi and Emirati banks had the most entries in Forbes Middle East’s Top 50 Banks in The Middle East list for 2021 with 10 financial institutions each. Qatar National Bank topped the region’s listed banks with profits of $3.3 billion and …
Ratings
Bahraini banks made the largest reduction in cash dividends at 72.4%
6 June 03:18 PM Bahrain leads GCC banks in 2020 dividend cuts – Report
Mubasher: Banks across the Gulf area slashed cash dividends for 2020 by 45.4% or $6.6 billion to $8 billion compared to $14.6 billion in 2019, as a result of the effect of the COVID-19 pandemic, according to a recent report by Kamco Invest. The …
Cash Dividends
Aggregate GCC central government deficit seen at about $80 billion in 2021
27 May 01:42 PM Saudi Arabia likely to account for 60% of GCC cumulative deficit – S&P
Mubasher: Saudi Arabia is expected to account for 60% of the $355 billion cumulative deficit across the GCC states between 2021 and 2024, according to S&P Global Ratings. Kuwait will likely follow with 25%, while the UAE and Oman are projected to …
Sector Reports
Online penetration in the Middle East is expected to double to 6% by 2024
25 May 01:52 PM UAE, Saudi Arabia lead e-commerce market in Middle East
Mubasher: The UAE and Saudi Arabia have topped the e-commerce growth in the Middle East, both accounting for 75% of the total e-commerce sales in 2020, according to EZDubai’s ‘E-Commerce Sector in the UAE 2020 insights’ report. The two GCC markets …
Sector Reports
Nearly 65% of the MENA consumers would make healthier choices
25 May 12:55 PM Affordability seen critical factor for most MENA consumers
Mubasher: Affordability remains a critical factor for most consumers in the Middle East and North Africa (MENA), besides the overall brand experience, EY MENA Consumer Industry Leader, Ahmed Reda, said. “Brands that keep these factors in mind will …
Sector Reports
Committed gas investments will likely plunge by $9.5 billion
4 May 02:39 PM MENA energy investments likely to surpass $805bn by 2025
Mubasher: Total planned and committed investments in MENA’s energy sector are expected to exceed $805 billion over the coming five years, the Arab Petroleum Investments Corporation (APICORP) said. This will mark an increase of $13 billion from the …
Macroeconomics