By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to attract retail and institutional investors, mainly foreign traders, this week, analysts told Mubasher. By the end of Thursday’s trading session, most of the Gulf bourses rose, …
By: Mahmoud Gamal Mubasher: The GCC states’ holdings of US Treasury securities amounted to around $274.77 billion in February, rising 1.8% month-on-month from $269.94 billion, the US Department of the Treasury said in a recent report. Saudi …
By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to revive and see further gains over the course of this week, analysts told Mubasher. The UAE’s twin bourses are seeing positive performance, encouraged by ongoing purchasing …
By: Fahd Omran Cairo – Mubasher: Jordan-based Fine Hygienic Holding does not intend to be listed on any stock market in the meantime, the company’s MENA regional marketing director said. The group operates in five Arab states; namely Jordan, …
Riyadh – Mubasher: The Saudi Arabian Oil Co, known internationally as Saudi Aramco, announced that its total refined products increased by 243,000 barrels per day (bpd), or 8%, year-on-year in 2018. Aramco’s total refined products rose to 3.2 …
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see further gains this week amid investor optimism about quarterly financial results, the US-China trade war talks, the performance of global stock markets, and oil prices. Global …
By: El-Sayed Gamal Riyadh – Mubasher: Saudi Arabian Oil Company’s, better known as Saudi Aramco, crude oil deliveries rose 2.3%, or nearly 235,000 barrels per day (bpd) year-on-year, over the course of 2018. Crude oil deliveries of Aramco, the …
By: Thabet Shehata Riyadh – Mubasher: Companies listed on the Saudi Stock Exchange (Tadawul) reported an 8% year-on-year growth in profits for the fourth quarter of 2018. Net profits of 164 firms out of the total 168 Saudi listed firms amounted …
By: El-Sayed Gamal Riyadh – Mubasher: Saudi banks increased their government bonds holdings by 22.9%, or SAR 61.77 billion ($16.47 billion), year-on-year in February. Saudi banks’ holdings of government and semi government bonds jumped to SAR …
By: El-Sayed Gamal Riyadh – Mubasher: Saudi Arabian Oil Company, better known as Saudi Aramco, unveiled that its maximum sustainable capacity (MSC) of crude oil stood at 12 million barrels per day (bpd) on average by the end of 2018. The Saudi …
Mubasher: The transfer pricing policies set by multinational corporates or foreign companies planning to establish a business in Saudi Arabia should come in line with the Transfer Pricing Bylaws, which have been recently announced by the kingdom, …
By: Thabet Shehata Riyadh – Mubasher: Saudi listed companies reported a 1.65% year-on-year growth in profits for the full-year 2018. Net profits of 164 firms out of the total 168 Saudi listed companies amounted to SAR 105 billion ($28 billion) …
By: El-Sayed Gamal Riyadh – Mubasher: Saudi Arabian Oil Company, better known as Saudi Aramco, reported a 737.71% hike in net profit in the last two years. Net profits of the world's largest oil company soared to SAR 284.62 billion in 2017 and SAR …
By: Thabet Shehata Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) soared in the first quarter of 2019, hitting record high levels, supported by launching the first phase of the inclusion of Saudi stocks in the MSCI Emerging Markets (EM) …
By: Thabet Shehata Riyadh – Mubasher: A total of 16 insurance firms listed on the Saudi Stock Exchange (Tadawul) reported a combined net loss of SAR 213 million in 2018. The Company for Cooperative Insurance (Tawuniya) posted the highest net …
By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to be gripped by ten factors during the second quarter of 2019, analysts told Mubasher. The Gulf bourses are expected to see further gains on the back of the Saudi Stock Exchange’s …
By: Thabet Shehata Riyadh – Mubasher: The consolidated profits of the healthcare companies listed on the Saudi Stock Exchange (Tadawul) tumbled to SAR 941 million during the full-year 2018, from SAR 1.29 billion a year earlier. Tadawul’s …
By: Elsayed Gamal Riyadh – Mubasher: Nine out of the total 12 listed Saudi banks approved the distribution of cash dividends with a combined value of SAR 28.11 billion ($7.49 billion) for 2018, according to statistics conducted by Mubasher. The …
By: Abdullah Bedeir Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is in talks with the Saudi Arabian Ministry of Housing to build a residential project in the Gulf kingdom, the company’s CEO revealed on Monday. The terms and …
By: Mahmoud Gamal Mubasher: Analysts have set some factors that would shape the trend of the GCC stock markets this month, including the performance of global markets, 2018 cash dividend distributions, the recent development on the US-China trade …
By: Thabet Shehata Riyadh – Mubasher: The petrochemical companies listed on the Saudi Stock Exchange (Tadawul) registered a 23% increase in profits during the full-year 2018, logging SAR 32.5 billion, from SAR 26.4 billion in 2017, Mubasher …
By: Eslam Fadl Cairo – Mubasher: The US dollar has been notably falling against the Egyptian pound since the Central Bank of Egypt’s (CBE) governor stated that the USD/EGP exchange rate would see further volatility. The USD exchange rate against …
By: Elsayed Gamal Riyadh – Mubasher: Foreign investors in the Saudi Stock Exchange (Tadawul) are seeking to ratchet up their investments, buoyed by the anticipation to upgrade Tadawul by international index compilers FTSE Russell, MSCI, and S&P …
Cairo – Mubasher: The US dollar exchange rate on Thursday slipped by EGP 0.3 to EGP 0.6 against the Egyptian pound at national banks. The USD rate fell by EGP 0.3 to EGP 17.35 for buying and EGP 17.45 for selling at Egypt’s two largest state-owned …
By: Mahmoud Gamal Abu Dhabi – Mubasher: Eight GCC telecommunications companies ranked among the world’s 300 top valuable telecoms operator brands in 2019, according to a recent study by Brand Finance. The UAE telecom operator Emirates …
