Saudi News

The main index closed at its lowest level since 20 August
2 hours ago TASI sees highest decline in two months
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Monday’s trading session in red, witnessing its highest daily loss since last July. The Tadawul All Shares Index (TASI) declined by 1.39% or 102.19 points, and closed at the level of …
This is the kingdom’s second bond issuance in 2017
2 hours ago KSA names 5 banks to manage USD-bond sale
Riyadh – Mubasher: The Saudi Ministry of Finance (MoF) on Monday said that it has authorised several domestic and international banks to manage the sale of the government’s US dollar-denominated sale. Reports forecast that the new issue of …
Brent futures rose by 1.4% to $57.67 per barrel
2 hours ago Brent surges to highest level since mid-2015
Mubasher: Brent crude oil expanded its gains during Monday trade, reaching its highest level in more than two years, with investors showing a positive sentiment regarding the output limitation agreement. Brent futures rose by 1.4% to the level of …
Nine firms see IPOs in H1-17 at SAR 3.2bn – CMA
3 hours ago Nine firms see IPOs in H1-17 at SAR 3.2bn – CMA
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) on Monday said that the initial public offerings (IPOs) of the companies on the Saudi Stock Exchange (Tadawul) reached nine at a value of SAR 3.173 billion during the first half of 2017. …
The prospectus will be disclosed long enough before starting the IPO of Awazel
4 hours ago Saudi CMA nods to Boubyan Petrochemical’s associate IPO
Mubasher: Boubyan Petrochemical said that the Saudi Capital Market Authority (CMA) approved on 21 September issuing 8.19 million of Arabian Waterproofing Industries Co.’s (Awazel) shares for the initial public offering (IPO). This stake represents …
KSA’s imports, exports reach SAR 9bn in 17 days – Al-Eisa
12:37 PM KSA’s imports, exports reach SAR 9bn in 17 days – Al-Eisa
Riyadh – Mubasher: Saudi Arabian imports reached 909,000 tonnes worth SAR 4.2 billion, whereas exports reached 1.6 million tonnes amounting to SAR 4.8 billion until 9 September, aleqtisadiah newspaper on Monday said, citing Saudi Customs’ …
The banks and materials sectors levelled down 0.51%, and 0.5%, respectively
11:17 AM Blue Chips push TASI down, Nomu stable early Monday
Riyadh – Mubasher: The Saudi Stock Exchange’s Tadawul All Share Index (TASI) opened Monday in the red zone after dropping 0.39% or 28.38 points to reach 7,297.94 points. By 10:31 am KSA time, TASI’s traded volume amounted to 11.79 million shares, …
Saudi CMA suspends trading on Go’s stock Monday
10:33 AM Saudi CMA suspends trading on Go’s stock Monday
Riyadh – Mubasher: Trading activities on the stock of Etihad Atheeb Telecommunication (Go) will be suspended effective Monday, 25 September, the Capital Market Authority (CMA) of Saudi Arabia on Monday said. The stock's trading suspension was …
MedGulf’s EGM approved capital cut to SAR 400m
09:51 AM MedGulf’s EGM approved capital cut to SAR 400m
Riyadh – Mubasher: MedGulf Insurance and Reinsurance Cooperative Company’s (MedGulf) Extraordinary General Meeting (EGM) approved on Friday, 22 September to reduce its capital to SAR 400 million from SAR 1 billion. The capital decrease will be …
Gold has fallen by more than $70 per ounce in 2017
01:15 AM Gold down to $1,295 per ounce - Sabaek
Mubasher: Gold prices went down by $23 to reach $1,295 per ounce in last week's trading in New York New Mix market, according to Sabaek Al-Kuwait Company. Kuwait News Agency (KUNA) reported that the company added in its weekly report on Sunday …
Photo Archive
24 September 05:40 PM KSA to introduce new bankruptcy law early 2018
Riyadh - Mubasher: It was reported on Sunday that Saudi Arabia is set to begin implementing a new bankruptcy law early next year. The new law would be part of the Saudi government efforts to attract more foreign investment, as under the current …
SCTH to implement SAR 1.1bn projects during 2017
24 September 05:23 PM SCTH to implement SAR 1.1bn projects during 2017
Riyadh – Mubasher: The Saudi Commission for Tourism and National Heritage (SCTH) launched six initiatives at a value of SAR 1.1 billion in 2017 ($296 million) which were included in the National Transformation Program 2020. These initiatives are …
Delta for Construction and Rebuilding on Sunday signed an EGP 641 million joint loan agreement
24 September 04:08 PM Delta for Construction and Rebuilding wins EGP 641m joint loan
Cairo – Mubasher: Delta for Construction and Rebuilding on Sunday signed an EGP 641 million joint loan agreement with Banque Misr and the Arab African International Bank (AAIB). Delta for Construction and Rebuilding is a subsidiary of Egyptian …
The UAE’s economy will not be negatively impacted by other GCC members not implementing the value added tax (VAT)
24 September 02:28 PM GCC members not applying VAT not to impact UAE – Al Bustani
Abu Dhabi – Mubasher: The UAE’s economy will not be negatively impacted by other GCC members not implementing the value added tax (VAT), Emarat Al Youm newspaper reported, citing Federal Tax Authority (FTA) director general Khalid Al Bustani as …
Saudi Arabia-based Flyadeal launched on Saturday, 23 September its first commercial flight to Riyadh from Jeddah
24 September 11:20 AM KSA's Flyadeal started its commercial flight Saturday
Riyadh – Mubasher: Saudi Arabia-based Flyadeal launched on Saturday, 23 September its first commercial flight to Riyadh from Jeddah in accordance with celebrating the occasion of the Saudi National Day. The chairman of Flyadeal, and the director …

Mubasher Exclusive

The third quarter of 2017 is nearing its close, which means that financial disclosures will prompt portfolios to purchase stocks
24 September 09:01 AM Saudi, Kuwaiti stocks likely to rise ahead of FTSE results - Analysts
By: Mahmoud Gamal Mubasher: Gulf bourses are likely to rise this week with listings on the FTSE Emerging Markets Index coming in focus, analysts told Mubasher. GCC stock markets are heading towards a “temporary rise”, particularly Saudi and …
The food and beverages sector went down 3.34%, followed by banks with 0.48%, telecommunication services with 0.21%, and materials with 0.04%
13 September 11:34 AM TASI, Nomu down at Wednesday open
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) opened Wednesday in the red zone after its main Tadawul All Share Index (TASI) levelled down 0.43% or 31.7 points reaching 7,368.29 points. By 10:45 am KSA time, 16 million shares were …
TASI dropped 0.15% or 11.32 points to 7,399.98 points
12 September 04:21 PM TASI, NOMU close Tuesday in red
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Tuesday in the red after its main Tadawul All Share Index (TASI) dropped 0.15% or 11.32 points to 7,399.98 points. TASI’s traded volume declined to 129.68 million shares exchanged on …
DAMAC has already delivered 1,100 residential units in its DAMAC Hills
11 September 08:05 PM DAMAC eyes delivery of 2,800 units in 2017 – Interview
By: Amr Adel Dubai – Mubasher: DAMAC Properties is looking to deliver 2,800 units in 2017, said senior VP of International Business Development Wael Al-Lawati on Monday during the first day of the Cityscape Global 2017 event held in Dubai. DAMAC …
Nama Chemicals’ stock hits highest level in 4M
10 September 12:46 PM Nama Chemicals’ stock hits highest level in 4M
Riyadh – Mubasher: Nama Chemicals’ stock rose for the fourth session in row, registering its highest level in four months, or since 11 May 2017 during Sunday’s trading activities, to lead the green zone of the Saudi Stock Exchange (Tadawul). By …

Local News

This is the kingdom’s second bond issuance in 2017
2 hours ago KSA names 5 banks to manage USD-bond sale
Riyadh – Mubasher: The Saudi Ministry of Finance (MoF) on Monday said that it has authorised several domestic and international banks to manage the sale of the government’s US dollar-denominated sale. Reports forecast that the new issue of …
Nine firms see IPOs in H1-17 at SAR 3.2bn – CMA
3 hours ago Nine firms see IPOs in H1-17 at SAR 3.2bn – CMA
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) on Monday said that the initial public offerings (IPOs) of the companies on the Saudi Stock Exchange (Tadawul) reached nine at a value of SAR 3.173 billion during the first half of 2017. …
KSA’s imports, exports reach SAR 9bn in 17 days – Al-Eisa
12:37 PM KSA’s imports, exports reach SAR 9bn in 17 days – Al-Eisa
Riyadh – Mubasher: Saudi Arabian imports reached 909,000 tonnes worth SAR 4.2 billion, whereas exports reached 1.6 million tonnes amounting to SAR 4.8 billion until 9 September, aleqtisadiah newspaper on Monday said, citing Saudi Customs’ …
Photo Archive
24 September 05:40 PM KSA to introduce new bankruptcy law early 2018
Riyadh - Mubasher: It was reported on Sunday that Saudi Arabia is set to begin implementing a new bankruptcy law early next year. The new law would be part of the Saudi government efforts to attract more foreign investment, as under the current …
SCTH to implement SAR 1.1bn projects during 2017
24 September 05:23 PM SCTH to implement SAR 1.1bn projects during 2017
Riyadh – Mubasher: The Saudi Commission for Tourism and National Heritage (SCTH) launched six initiatives at a value of SAR 1.1 billion in 2017 ($296 million) which were included in the National Transformation Program 2020. These initiatives are …

Gulf News

Kuwaitis have purchased 135 houses in August
14 minutes ago Kuwaitis’ property buys in Turkey up 4.9% in August
Mubasher: The volume of properties sold in Turkey to Kuwaiti citizens decreased by 4.9% in August compared to July; however, Kuwaiti buyers have remained the third largest purchasers of real estate in Turkey. Kuwaitis have purchased 135 houses in …
Imdaad is negotiating with three companies specialised in integrated facility management systems
2 hours ago Imdad to use AED 100m for new acquisitions
By: Amr Adel Dubai – Mubasher:  Imdaad, a Dubai-based facility management company, announced that it appropriated AED 100 million to finance new acquisitions in 2017, according to the company’s CEO Jamal Lootah on Monday. Currently, Imdaad is …
The main index closed at its lowest level since 20 August
2 hours ago TASI sees highest decline in two months
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Monday’s trading session in red, witnessing its highest daily loss since last July. The Tadawul All Shares Index (TASI) declined by 1.39% or 102.19 points, and closed at the level of …
This is the kingdom’s second bond issuance in 2017
2 hours ago KSA names 5 banks to manage USD-bond sale
Riyadh – Mubasher: The Saudi Ministry of Finance (MoF) on Monday said that it has authorised several domestic and international banks to manage the sale of the government’s US dollar-denominated sale. Reports forecast that the new issue of …
Brent futures rose by 1.4% to $57.67 per barrel
2 hours ago Brent surges to highest level since mid-2015
Mubasher: Brent crude oil expanded its gains during Monday trade, reaching its highest level in more than two years, with investors showing a positive sentiment regarding the output limitation agreement. Brent futures rose by 1.4% to the level of …
Sales of the residential real estate segment in Kuwait improved by 23% in 8 months
2 hours ago Kuwait property sales decline 5.4% in 8M – NBK
Mubasher: The sales of the real estate sector in Kuwait shrank by 5.4% since the beginning of this year until August on an annual basis, with expectations for a further fluctuation in the investment and residential real estate segments for the …
du Telecommunications Company on Monday announced that it has joined the Amazon Web Services Partner Network (APN), according to a company statement
3 hours ago du joins Amazon’s APN
Dubai – Mubasher: du Telecommunications Company on Monday announced that it has joined the Amazon Web Services Partner Network (APN), according to a company statement. du’s customers will have a rapid access to Amazon Web Service’s (AWS) Cloud …
The main index went up 0.64% or 53.95 points to 8,449.47 points.
3 hours ago QSE ends Monday up for 5 consecutive sessions
Doha – Mubasher: The Qatar Stock Exchange (QSE) closed Monday in green, on the back of collective rise in all sectors. The main index went up 0.64% or 53.95 points to 8,449.47 points. The banks sector led the gainers with 0.87%, supported by the …
Prime Views project comprise 151 residential units situated on 225,000 square feet, according to a company statement
3 hours ago Prescott Properties launches AED 165m project in Dubai
Dubai – Mubasher: Prescott Real Estate Development on Monday revealed an AED 165 million large-scale residential and commercial project in Dubai Meydan city called Prime Views. Prime Views project comprise 151 residential units situated on 225,000 …
Nine firms see IPOs in H1-17 at SAR 3.2bn – CMA
3 hours ago Nine firms see IPOs in H1-17 at SAR 3.2bn – CMA
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) on Monday said that the initial public offerings (IPOs) of the companies on the Saudi Stock Exchange (Tadawul) reached nine at a value of SAR 3.173 billion during the first half of 2017. …