Mubasher Exclusive

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 …
Indigo Partners will receive upgraded narrow-body aircraft
15 November 01:18 PM Airbus reaches $50bn deal with USA’s Indigo Partners
By: Amr Adel Dubai – Mubasher: Airbus on Wednesday unveils the closing of a major deal to sell 430 A320neo jets to four companies in Indigo Partners’ investment portfolio in consideration of around $50 billion during Dubai Airshow 2017. Under the …
Global wealth increased by 27% in the last decade to a total $280 trillion
14 November 11:48 PM US dominates global wealth, Egyptians lost half theirs in year
Mubasher: Individual wealth surged 6.4% in a year, recording its highest annual increase since 2012, with Egypt leading the top losers due to the local currency flotation. Global wealth increased by 27% in the last decade to a total $280 trillion, …
EgyptAir and Bombardier officials signing the deal at the Dubai Airshow
14 November 05:58 PM EgyptAir inks $2.2bn 24-jet deal with Canada’s Bombardier
By: Amr Adel Dubai – Mubasher: National carrier EgyptAir on Tuesday signed a letter of intent (LOI) with Canada’s Bombardier to purchase 24 CS300 jets at a total value of $2.2 billion. The deal, which was signed during the third day of the Dubai …
The UAE Armed Forces inked a contract with Abu Dhabi-based Etihad Airways
14 November 05:08 PM UAE’s MOD closes 8 new deals at Dubai Airshow
By: Amr Adel Dubai – Mubasher: The UAE’s Ministry of Defence (MOD) on Tuesday announced the signing of eight deals in the third day of the Dubai Airshow. The new deals worth AED 3.34 billion were closed with three local and five international …
Oman’s minister of energy Mohammed Hamad Al Rumhy
13 November 12:55 PM Oman oil minister forecasts oil output cut extension
By: Amr Adel Abu Dhabi – Mubasher: Oman’s minister of energy Mohammed Hamad Al Rumhy told reporters on Monday that he was confident that members within and outside of the Organization of Petroleum Exporting Countries (OPEC) will agree to another …
I am optimistic about oil market’s performance in 2018
13 November 11:49 AM Global oil market to see recovery – UAE energy minister
By: Amr Adel Abu Dhabi – Mubasher: The UAE’s minister of energy and industry Suhail bin Mohammed Al-Mazroui on Monday said he expects that the global oil market to continue its recovery during 2018. The decision to cut oil production has helped in …
Boeing had around 630 purchase orders in Middle East
11 November 05:31 PM Boeing sees Middle East as key market for growth - VP
Dubai - Mubasher: Boeing is expecting an increase in demand on commercial airplanes in the Middle East, said the company’s vice president of sales in the Middle East, Russia and Central Asia. Marty Bentrott added in a press conference in Dubai on …
GCC bourses lose more than $15bn after KSA starts anti-corruption probe
10 November 11:24 AM GCC bourses' losses exceed $15bn after KSA starts anti-corruption probe
By: Mahmoud Gamal Mubasher: The GCC stock markets suffered large losses that exceeded $15 billion after Saudi Arabia started anti-corruption crackdown, which led the leading stocks to drop. The Dubai Financial Market (DFM) and the Abu Dhabi …
KSA’s Bahri to start operation in UAE early 2018
9 November 11:42 PM Bahri’s new joint ventures to start operation in UAE early 2018
By: Amr Adel Dubai – Mubasher: The National Shipping Company of Saudi Arabia’s (Bahri) new joint ventures are expected to start operation in Dubai and Riyadh by the beginning of 2018, acting CEO Ali Al-Harbi said in an interview with Mubasher on …
GFH Group’s listing on Tadawul is a positive sign for its stock
9 November 12:52 PM GFH Group’s stock gains 1.43% on new listing Thursday
By: Mahmoud Gamal Dubai – Mubasher: GFH Group’s stock rose on Thursday on the Dubai Financial Market (DFM) amid positive expectations with regards to the company's planned listing on the Saudi Stock Exchange (Tadawul). By 12:40 pm UAE time, the …
Kingdom Holding Company’s (KHC) stocks dropped by 7.6% on Sunday before sliding by 5.6% on Monday
7 November 07:35 PM Global markets take a hit on Saudi arrests - Report
By: Mohamed Soliman Mubasher: The recent wave of surprising Saudi resolutions, which involved the arrest a number of princes and ministers through the government’s new anti-corruption campaign has negatively impacted global markets. King …
3 factors define TMG Holding outlook amid Saudi anti-corruption crackdown
6 November 04:37 PM 3 factors define TMG Holding outlook amid Saudi anti-corruption crackdown - Analysis
By: Heba El-Kordy Cairo – Mubasher: Talaat Moustafa Group Holding’s (TMG Holding) stock was the most affected by the Saudi Royal anti-corruption crackdown. TMG Holding’s stock dropped on Monday to its lowest level since 4 October 2017 amid …
Markets have been affected by the Saudi Royal anti-corruption decisions
6 November 08:53 AM Analysts express different opinions over UAE bourses
By: Mahmoud Gamal Dubai – Mubasher: Analysts expressed different opinions on the performance of the UAE bourses on Monday, anticipating more financial results’ announcements. Markets have been affected by the Saudi Royal anti-corruption decisions …
Tadawul’s turnover went up 29%
3 November 03:03 PM TASI adds 0.7%; NOMU sheds 2.2% in week
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) saw positive results over the week ended 2 November, as Tadawul All Shares Index (TASI) rose, while Nomu-Parallel Market (NOMU) tumbled. TASI added 0.66% or 45.85 points to 6,956.51 points. …
Market capital losses reached SAR 76 billion this month
31 October 07:58 PM TASI down 5% in October
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) saw a negative performance in October. The Tadawul All Shares Index (TASI) declined by 4.79%, losing 348.6 points, and closed the month at the level of 6,934.4 points. Market value for the …
UAE rose to 21st, ranking highest among Arab countries
31 October 02:59 PM UAE, Saudi rise, Egypt slips in Nation Brands – Report
By: Nada Adel Sobhi Mubasher: Several countries have seen positive movements in the Brand Finance 2017 Nation Brands Report, while others have slipped or taken major falls such as Qatar and Bahrain. Globally, the US, China, Germany, Japan, the UK, …
UAE Minister of Energy Suhail Al Mazroui
30 October 03:49 PM UAE supports extending the OPEC output deal
Abu Dhabi - Mubasher: The Emirati minister of energy, Suhail Al Mazroui said that oil markets need an extension of the oil production cut agreement beyond March 2018. Al Mazroui stressed to reporters on the sidelines of the International …
GFH to be listed on Tadawul – CEO
29 October 11:50 AM GFH to be listed on Tadawul – CEO
By: Amr Adel Dubai – Mubasher: GFH Financial Group plans to be listed on the Saudi Stock Exchange (Tadawul) as the Saudi body is the largest stock market in the MENA region, GFH CEO Hisham Al Rayes on Sunday told Mubasher during a phone interview. …
TASI falls 1.4%; market cap sheds SAR 26bn in week
27 October 11:14 AM TASI falls 1.4%; market cap sheds SAR 26bn in week
Riyadh - Mubasher: The Tadawul All Shares Index (TASI) closed the week ended Thursday, 26 October 1.4% or 100.6 points down at the level of 6,910.65 points. TASI's market capitalisation dropped SAR 26.3 billion ($7.02 billion) to SAR 1.633 …
Futures contracts would be settled in cash, as each contract will be matched with 100 basic shares.
24 October 08:25 PM UAE Futures attracts foreign money flow – Analysis
By: Mahmoud Gamal Dubai – Mubasher: The new UAE’s futures markets on Nasdaq Dubai’s platform will allow investors to hedge markets’ declines and help increasing foreign money flows. On Tuesday, Abu Dhabi Securities Exchange (ADX) and Nasdaq Dubai …
Traded volume fell to 122.8 million shares on Sunday
22 October 04:31 PM TASI falls below 7,000 pts Sunday; Nomu extends gains
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) benchmark index resumed its losses on Sunday, falling below the 7,000-point mark. The Tadawul All Share Index (TASI) fell 0.52% or 36.2 points to close at 6,975.06 points. Turnover amounted …