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09 August 05:45 PM

Mubasher Exclusive

The price of 24-karat gold amounted to EGP 1,046 per gram
5 August 04:05 PM Egypt's gold prices rise to all-time high
Cairo – Mubasher: Gold prices continued its rising trend in the Egyptian market, reaching an all-time high on Wednesday, according to the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC). The price of 24-karat gold …
Macroeconomics
The price of 24-karat gold stood at EGP 958.85 per gram
23 July 03:12 PM Gold prices register new record high in Egypt
Cairo - Mubasher: Gold prices in the Egyptian market recorded on Thursday its highest level ever, according to the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC). The higher gold prices in the Egyptian market came …
Commodities
The sensor could be used in NASA's next Venus rover
20 July 03:51 PM Egyptian engineer wins NASA design competition
By: Moslem Ali Cairo - Mubasher: Egyptian engineer Youssef Ghali has won first place in a competition by NASA to design a sensor for a Venus exploration rover. The public competition was seeking ideas for a mechanical obstacle-avoidance sensor …
Global Economy
The government pays farmers between EGP 670 and EGP 700 per ardeb
6 July 04:33 PM Egypt buys 3.5m tonnes of local wheat since mid-April
By: Mohamed Mowafy Cairo – Mubasher: The Egyptian Holding Company for Silos and Storage has received more than 3.5 million tonnes of wheat from local farmers since the beginning of this season which started in mid-April, the company’s chairman …
Commodities
Al Sudairy expects the real estate finance sector to double in 10 years
21 June 02:14 PM Amlak CEO: Our IPO came at the right time – Interview
By: Mahmoud Salah El-Din Mubasher: The recently announced initial public offering (IPO) of Amlak International for Real Estate Finance is part of the company’s strategy since its inception, especially as it is achieving strong growth, according to …
Sector Reports
TASI ended the week at 7,050.66 points
21 May 04:56 PM Tadawul closes Thursday in green; up 5% in week
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday’s trading session on a marginal rise, supported by the gains of the energy and petrochemicals stocks. The Tadawul All Shares Index (TASI) increasing by 0.01% on Thursday to …
Trading Activities
Saudi Stock Exchange (Tadawul)
14 May 06:22 PM Tadawul gains 88 pts in week
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended the second week of May on a positive note, recovering some of its losses in the previous week. The Tadawul All Share Index (TASI) increased by 1.3% or 88.45 points, as it closed Thursday, …
Trading Activities
Photo Archive
17 April 06:48 PM Tadawul down 5.4% in week
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) recorded losses during the week that ended 16 April, after rising for three consecutive weeks. The Tadawul All Share Index (TASI) lost 5.35% or 374.55 points and closed at 6,631.69 points, …
Trading Activities
EFG Hermes acted as the financial advisor
13 April 06:07 PM Four banks, Saudi investor buy Sukuk issued by Talaat Moustafa’s unit
By: Islam Fadl Cairo – Mubasher: Four banks and a Saudi investor have participated in covering the Sukuk issuance issued by Talaat Moustafa Group Holding’s subsidiary Arab Company for Projects and Urban Development. The Egyptian Financial Group …
Sukuk and Islamic Finance
NUPCO presented its new identity in a ceremony held in Riyadh
5 March 04:10 PM NUPCO launches new brand
By: Haitham Seliman Riyadh – Mubasher: The National Unified Procurement Company (NUPCO), which is fully-owned by Saudi Arabia’s Public Investment Fund (PIF), on Thursday celebrated its new identity as it aspires to be a major player in the Saudi …
Companies Investments
MSME finances amounted to SAR 117.26 billion last year
5 March 03:44 PM MSME finances in Saudi Arabia grow 8% in 2019 - SAMA
Riyadh – Mubasher: Financing micro, small, and medium-sized enterprises (MSMEs) in Saudi Arabia increased by 8.05% or SAR 8.74 billion by the end of the fourth quarter (Q4) of 2019. Total finances amounted to SAR 117.26 billion by the end of last …
Macroeconomics
Loans amounted to SAR 317.27 billion in Q4-19
3 March 04:24 PM Real estate loans in KSA leap 25% in Q4-19
Riyadh – Mubasher: Credit facilities granted by commercial banks and real estate finance companies to Saudi nationals soared by 24.6% or SAR 62.2 billion ($16.7 billion) year-on-year (YoY) during the fourth quarter (Q4) of 2019.       The total …
Banking and Finance
Commercial loans reached SAR 333.44 billion by the end of last year
3 March 03:31 PM Saudi retail loans up 3.8% in Q4-19
Riyadh – Mubasher: Retail loans in Saudi Arabia increased by the end of the fourth quarter (Q4) of 2019 by 3.8% or SAR 12.15 billion compared with Q4-18. Commercial loans reached SAR 333.44 billion by the end of last year, compared with SAR 321.29 …
Central Banks
The main index closed Monday's session at 7,349 points
2 March 05:01 PM Tadawul closes Monday on marginal gains
By: Bedour Alrai Mubasher: The Saudi Stock Exchange (Tadawul) recorded a marginal rise at the end of Monday’s trading session, failing to hold its earlier gains. The Tadawul All Share Index (TASI) levelled up by 0.06% or 4.09 points and closed at …
Trading Activities
The UAE accounted for 26.6% of the fund’s investments by the end of 2019
29 February 03:12 PM Norway’s sovereign fund raises investments in GCC markets
Mubasher: Norway’s sovereign wealth fund, the largest in the world, increased its investments in the GCC region by 15.2% or $440 million by the end of last year. Official data showed that the fund’s investments in the region reached $3.33 billion …
Macroeconomics
The Saudi main index lost 379 points or 4.7% over the course of the week
28 February 11:55 AM Tadawul sees worst weekly losses since August
Mubasher: The Saudi Stock Exchange (Tadawul) ended the last week of February on the worst decline in 26 weeks, over fears about the coronavirus. The Tadawul All Share Index (TASI) lost 4.73% or 379 points, its biggest loss since the week ended on …
Trading Activities
The project is expected before the end of next June
26 February 03:43 PM UAE’s Arada plans new investment in Saudi Arabia in H1-20
Riyadh – Mubasher: Arada Real Estate Company plans to pump new investments in Riyadh by the end of the first half (H1) of the year, as it sees promising opportunities in the Saudi market. The UAE-based company is still in talks with Saudi …
Real estate
Saudi tourism industry could see investments of SAR 115 billion
24 February 03:31 PM SCTH promises more reforms in tourism sector
Riyadh – Mubasher: Chairman of the Saudi Commission for Tourism and National Heritage (SCTH), Ahmed Al Khatib, said that around SAR 115 billion are ready to be invested in the tourism sector. Investments would be through the tourism development …
Macroeconomics
Saudi Minister of Economy and Planning, Mohammad Al Tuwaijri
24 February 02:57 PM Saudi Arabia encouraging investment through 3 pillars – Minister
Riyadh – Mubasher: Saudi Arabia is moving from the phase of studies to implementation when it comes to exerting efforts to create a suitable environment to attract investments, said the Saudi Minister of Economy and Planning, Mohammad Al Tuwaijri. …
Macroeconomics
Photo Archive
18 February 10:20 AM Saudi oil exports down 10.75% in 2019
Riyadh – Mubasher: Saudi Arabia’s oil exports decreased by 10.75% last year, as shown by the Joint Organisations Data Initiative (JODI) figures. Total exports, including crude oil and petroleum products, declined by 366.59 million barrels per day …
Macroeconomics
Photo Archive
17 February 04:44 PM Steel prices rise second month in row; cement at 38M-high
Riyadh – Mubasher: Average steel prices in Saudi Arabia increased in January 2020, reaching its highest level in four months, while cement prices maintained its upward trend for the fifth consecutive months to a new three-year high. Steel prices …
Photo Archive
17 February 03:55 PM Brokerages profits surge 25.5% in Q4
Riyadh – Mubasher: Brokerage companies, licensed by the Saudi Capital Market Authority (CMA), have recorded a growth in earnings during the fourth quarter (Q4) of 2019 by 25.5% year-on-year (YoY) to SAR 780.93 million. On a quarterly basis, net …
Trading Activities
13 February 01:15 PM MWC 2020 cancelled over coronavirus worries
The Mobile World Congress (MWC) scheduled to be held in Barcelona on 24-27 February 2020 has been cancelled
Global Reports
Saudi Arabian Monetary Authority (SAMA)
3 February 04:49 PM Saudi bank deposits rise 7.3% in 2019
Riyadh – Mubasher: Banking deposits in Saudi Arabia recorded an annual growth of 7.3% or SAR 122.47 billion during 2019, according to official data. Bank deposits registered SAR 1.795 trillion last year, compared with SAR 1.674 trillion in 2018, …
Sector Reports
Photo Archive
2 February 03:37 PM Savings in KSA down 2.4% in 9M
Riyadh – Mubasher: Saving in Saudi Arabia declined by around 2.4% or SAR 18.4 billion during the first none months of last year to SAR 751.76 billion, compared to SAR 770.18 billion for the same period in 2018. This mainly resulted from a decrease …
Sector Reports