Saudi News

The GIC is equally owned by the governments of the six member states of the GCC
33 minutes ago Kuwait’s GIC credit backed by solid capital adequacy – Moody’s
Mubasher: The Gulf Investment Corporation's (GIC) credit profile is endorsed by solid capital adequacy and liquidity positions, Moody's Investors Service said in a report on Thursday. The GIC’s credit profile is backed by the company’s highly …
SABB acquires HSBC’s stake in SABB Takaful
39 minutes ago SABB acquires HSBC’s stakes in SABB Takaful
Riyadh – Mubasher: The Saudi British Bank (SABB) on Thursday announced acquiring HSBC combined stakes in SABB Takaful after obtaining SABB ordinary general meeting (OGM), and the regulatory approvals'. After completing the transaction, SABB will …
TASI surges 56 pts, Nomu falls 5 pts at Thursday’s close
2 hours ago TASI adds 56 pts, Nomu slips at Thursday’s close
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday up after its benchmark Tadawul All Share Index (TASI) went up 0.82% or 55.8 points, reaching 6,878.2 points. TASI saw trading of 155.7 million shares, through 81,200 …
Italy’s debt has reached 130% of its GDP
3 hours ago 6 Eurozone members risk EU budget issues in 2018
Mubasher: The European Commission forecast that six Eurozone countries’ budgets may break the standard European Union (EU) deficit standards in 2018. Accordingly, the European Commission issued a warning to governments to remain within the …
Construction sector in the GCC surged 30% in 2017, a new study by MENA Research Partners (MRP) showed
3 hours ago GCC construction sector jumps 30% in 2017
Mubasher: Construction sector in the GCC surged 30% in 2017, a new study by MENA Research Partners (MRP) showed. The sector's undergoing projects amounted to $2.6 trillion, representing 160% of the GCC’s total growth domestic product (GDP), MRP’s …
c’s employment hits 17-yr high in November
3 hours ago Euro zone’s employment hits 17-yr high in November
Mubasher: Employment in the euro zone soared in November, registering its highest level in 17 years, according to the data of Purchasing Managers’ Index, IHS Markit Flash Eurozone PMI. Eurozone PMI Composite Output Index hit 57.5 points in …
SABB Takaful’s stock sees four deals of SAR 118m
3 hours ago SABB Takaful’s stock sees SAR 118m deals
Riyadh – Mubasher: Four private transactions were executed on Thursday on SABB Takaful’s stock on the Saudi Stock Exchange (Tadawul) totaled SAR 117.79 million.  The transactions saw trading of 11.05 million shares, at SAR 10.66 per share, …
Tesla to trial world’s largest battery storage facility
4 hours ago Tesla to trial world’s largest battery storage facility
Mubasher: Electric car maker Tesla Inc is to trial world's largest lithium ion battery facility in South Australia by December 2017. In July, Tesla announced that it would build the facility within 100 days. The new facility will be an important …
Al Mal stock declined to 29 fils
4 hours ago Al Mal comments on selling stake in KSA Hail Cement
Mubasher: Al Mal Investment has commented on the news recently spread over social media channels regarding selling a stake of Hail Cement Co.’s shares. The stake sold in the Saudi firm, Hail cement, is related to a client and was sold through an …
Eurozone economic activity hits 7-yr high in November
4 hours ago Eurozone economic activity hits 7-yr high in November
Mubasher: The Eurozone’s economic activity rose in the manufacturing and services segments in November from a month earlier, data released by IHS Markit for the Purchasing Managers’ Index (PMI) on Thursday showed. Eurozone activity rose to 57.5 …
Saudi Elaj Group acquires 2 hospitals in Egypt
12:43 PM Saudi Elaj Group acquires 2 hospitals in Egypt
Cairo – Mubasher: Saudi Arabia-based, Elaj Group acquired Alexandria International Hospital in Smoha and Ibn Sina Specialized Hospital in Mohandessin. The takeover of the hospital in Alexandria was implemented through over the counter (OTC) Deals …
KSA government expenses to rise in Q4-17 – Report
12:05 PM KSA government expenses to rise in Q4-17 – Report
Riyadh – Mubasher: Saudi Arabian budget results in the third quarter of 2017 revealed a continuous improvement in the Kingdom’s financial position, compared to the year-ago period, alongwith the need to increase oil revenues of the the Arab …
Japanese stock market is closed on Thursday
11:49 AM Japanese stock market is closed on Thursday
Mubasher: The Tokyo Stock Exchange is closed on the Labor Thanksgiving Day, and it will resume its trades Friday. Japan and other countries across the world celebrate the Labor Thanksgiving Day by the end of each year. By 08:07 am GMT, JPY price …
By 10:48 am KSA time, TASI’s trading reached 25.75 million shares, through 16,000 deals, generating SAR 539 million
11:17 AM TASI rises 27 pts, Nomu stable at Thursday’s open
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Thursday in the green after its main Tadawul All Share Index (TASI) levelled up 0.39% or 26.8 points to 6,849.25 points. By 10:48 am KSA time, TASI’s trading volume amounted to 25.75 …
KSA to double production in industry sector until 2020 - Al-Faleh
11:05 AM KSA to double industry sector production until 2020 - Al-Faleh
Riyadh – Mubasher: Saudi Arabia plans to double the gross domestic product (GDP) in industrials sector by three to four times until 2020, said Energy, Industry, and Mineral Resources Minister Khaled bin Abdulaziz Al-Faleh. This will lead to a 10% …

Mubasher Exclusive

Careem aims at hiring 100,000 Saudi female captains by 2018
21 November 04:33 PM Careem to hire UAE nationals
By: Amr Adel Dubai – Mubasher: Careem is negotiating with UAE’s regulators to permit its nationals to work at the company, said Basil Al Nahlawi, vice-president of business development and government relations at Careem. The Dubai-based ride …
Tadawul declines 68 pts, Nomu falls 10 pts at Monday’s close
20 November 04:53 PM Tadawul declines 68 pts, Nomu falls 10 pts at Monday’s close
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Monday in the red zone after its benchmark Tadawul All Share Index (TASI) plunged 0.99% or 67.93 points to reach 6,804.23 points. Tadawul is facing important support level at 6,848 …
FlyDubai announced signing a $27-billion
16 November 07:33 PM Dubai Airshow 2017 marks $113.8bn deals
By: Amr Adel Dubai – Mubasher: Deals and agreements signed during the 15th round of the Dubai Airshow 2017 which concluded on Thursday marked a record high of AED 417.6 billion ($113.8 billion). The event, which is held once every two years in …
Officials from Mubasher Financial Services receiving the award during the event
16 November 06:09 PM Mubasher Financial Services awarded Best Brokerage in Middle East
Dubai – Mubasher: Mubasher Financial Services (MFS) has been awarded the “Broker of the Year” in the Middle East. The announcement was made in an annual event sponsored by The Global Investor Group magazine which celebrates the top companies in …
Amman Municipality inked an agreement with the EBRD to transform the capital into a smart city
15 November 06:23 PM Jordan offers tax cuts to attract private investments in infrastructure
By: Moslem Ali Cairo - Mubasher: Jordan is currently trying to overcome the economic decline it witnessed since the Arab Spring, said the Jordanian minister of planning and international cooperation, Imad Najib Fakhoury. Jordan faced some of the …

Local News

The GIC is equally owned by the governments of the six member states of the GCC
33 minutes ago Kuwait’s GIC credit backed by solid capital adequacy – Moody’s
Mubasher: The Gulf Investment Corporation's (GIC) credit profile is endorsed by solid capital adequacy and liquidity positions, Moody's Investors Service said in a report on Thursday. The GIC’s credit profile is backed by the company’s highly …
Italy’s debt has reached 130% of its GDP
3 hours ago 6 Eurozone members risk EU budget issues in 2018
Mubasher: The European Commission forecast that six Eurozone countries’ budgets may break the standard European Union (EU) deficit standards in 2018. Accordingly, the European Commission issued a warning to governments to remain within the …
c’s employment hits 17-yr high in November
3 hours ago Euro zone’s employment hits 17-yr high in November
Mubasher: Employment in the euro zone soared in November, registering its highest level in 17 years, according to the data of Purchasing Managers’ Index, IHS Markit Flash Eurozone PMI. Eurozone PMI Composite Output Index hit 57.5 points in …
KSA government expenses to rise in Q4-17 – Report
12:05 PM KSA government expenses to rise in Q4-17 – Report
Riyadh – Mubasher: Saudi Arabian budget results in the third quarter of 2017 revealed a continuous improvement in the Kingdom’s financial position, compared to the year-ago period, alongwith the need to increase oil revenues of the the Arab …
KSA to double production in industry sector until 2020 - Al-Faleh
11:05 AM KSA to double industry sector production until 2020 - Al-Faleh
Riyadh – Mubasher: Saudi Arabia plans to double the gross domestic product (GDP) in industrials sector by three to four times until 2020, said Energy, Industry, and Mineral Resources Minister Khaled bin Abdulaziz Al-Faleh. This will lead to a 10% …

Gulf News

Algerian CB approves QGIRC's 20% shareholding of Trust Bank
20 minutes ago Algerian CB approves QGIRC's 20% shareholding of Trust Bank
Mubasher: Qatar General Insurance and Reinsurance Company (QGIRC) said that the Algerian Central Bank approved the company’s 20% shareholding in the capital of Trust Bank Algeria. QGIRC has a slew of investment projects in Algeria than Trust Bank. …
The GIC is equally owned by the governments of the six member states of the GCC
33 minutes ago Kuwait’s GIC credit backed by solid capital adequacy – Moody’s
Mubasher: The Gulf Investment Corporation's (GIC) credit profile is endorsed by solid capital adequacy and liquidity positions, Moody's Investors Service said in a report on Thursday. The GIC’s credit profile is backed by the company’s highly …
SABB acquires HSBC’s stake in SABB Takaful
39 minutes ago SABB acquires HSBC’s stakes in SABB Takaful
Riyadh – Mubasher: The Saudi British Bank (SABB) on Thursday announced acquiring HSBC combined stakes in SABB Takaful after obtaining SABB ordinary general meeting (OGM), and the regulatory approvals'. After completing the transaction, SABB will …
The operating profit from this order is estimated at 3% of the purchase order’s value
45 minutes ago Gulf Cable receives $19.39m deal from Hyundai Heavy Industries
Mubasher: Gulf Cable and Electrical Industries has received a purchase order worth $19.39 million (KWD 5.9 million) from Hyundai Heavy Industries, the world's largest shipbuilding company that is headquartered in South Korea. The operating profit …
The MoU targets promoting Islamic capital markets products and solutions
53 minutes ago Nasdaq Dubai to help launch Kenya's sukuk sector
Dubai – Mubasher: Nasdaq Dubai and the Nairobi Securities Exchange (NSE) on Thursday signed a memorandum of understanding (MoU) to create a Sukuk sector in Kenya. While no sukuk has been issued in the East Africa, the Kenyan government expressed …
The average sale price is 37.025 per share
1 hour ago ABK chairman sells 3.6m shrs in Aayan Leasing
Mubasher: The chairman of Al Ahli Bank of Kuwait (ABK), Talal Behbehani, who is a board member in Aayan Leasing and Investment has sold 3.6 million of Aayan’s shares during the trading session on Thursday. Boursa Kuwait on Thursday said that the …
The purchase transaction had a price ranging from 250 fils to 300 fils per share
1 hour ago Al Safat buys stake in Shuaiba Industrial
Mubasher: Boursa Kuwait announced that Al Safat Holding has purchased 400,000 of Shuaiba Industrial’s shares on Tuesday, 21 November. The purchase transaction had a price ranging from 250 fils to 300 fils per share, according to a bourse statement …
TASI surges 56 pts, Nomu falls 5 pts at Thursday’s close
2 hours ago TASI adds 56 pts, Nomu slips at Thursday’s close
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday up after its benchmark Tadawul All Share Index (TASI) went up 0.82% or 55.8 points, reaching 6,878.2 points. TASI saw trading of 155.7 million shares, through 81,200 …
First Abu Dhabi Bank (FAB) tumbled 0.5%
2 hours ago ADX hits 6 week-low
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 1.24% or 53.87 points to 4,287.07 points in week, recording its sixth successive weekly decline. Blue chips headed the market’s losers during the week, led by …
The MoU aims at exploring new opportunities in the Egyptian market and the GCC states
2 hours ago UAE’s NPCC, Egypt’s Petrojet ink exploration deal
Abu Dhabi – Mubasher: National Petroleum Construction Company (NPCC), a part of Senaat Abu Dhabi, has signed a memorandum of understanding (MoU) with Egyptian company Petrojet with the aim of exploring new opportunities in the Egyptian market and …