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Cash withdrawals from ATMs shrank by 17.4% or SAR 10.98 billion annually in January 2021.
3 March 01:26 PM Consumer spending in Saudi Arabia at SAR 89.24bn in January
Riyadh – Mubasher: Consumer spending in Saudi Arabia was down by 2.4% or SAR 2.24 billion in January 2021 when compared to the year-ago month. Total consumer spending in the kingdom reached SAR 89.24 billion in January 2021, down from SAR 91.47 …
Non-oil exports of the GCC nation reached SAR 57.89 billion in Q4-20.
28 February 03:03 PM Saudi non-oil exports down 11% in 2020
Riyadh – Mubasher: Non-oil exports of Saudi Arabia reached SAR 201.5 billion during the year 2020. This represents a decline of 11% or SAR 25.4 billion when compared to 2019, according to data collected by Mubasher based on figures from the …
The kingdom’s trade exchange with the four GCC states was SAR 98.1 billion ($26.15 billion) in 2020.
25 February 01:38 PM Saudi trade exchange with 4 Gulf countries falls 6.1% in 2020
Riyadh – Mubasher: Saudi Arabia’s trade exchange with the UAE, Bahrain, Kuwait, and Oman slid by 6.06% in 2020 when compared to a year earlier. The kingdom’s trade exchange with the four GCC states was SAR 98.1 billion ($26.15 billion) in 2020, …
Saudi banks listed on Tadawul logged SAR 34.73 billion in net earnings during the past year.
25 February 01:11 PM Profits of Saudi banks down 23% in 2020
Riyadh – Mubasher: Net profits of banks operating in Saudi Arabia tumbled by 22.9% or SAR 10.3 billion on a year-on-year (YoY) basis in 2020. Saudi banks listed on Tadawul logged SAR 34.73 billion in net earnings during the past year, compared to …
The Jeddah-based company generated sales of more than $3 billion last year
7 February 04:51 PM Savola Group eyes acquisitions of food companies in Egypt, other markets
By: Fahd Omran Riyadh – Mubasher: Savola Group ended 2020 with robust financial results on the back of strong sales in the Saudi and Egyptian markets in the first year of its 2020/2024 plan, Mohamed Badran, the CEO of Savola Foods Egypt, said. …
The ICD's CEO, Ayman Amin Sejiny
26 January 05:20 PM ICD considers financing projects worth $45m in Egypt
By: Islam Fadl Cairo – Mubasher: The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB), has so far allocated a total of $230 million to Egypt, the CEO Ayman Amin …
Shaker Group is the sole agent of LG Air Conditioners in Saudi Arabia.
21 January 03:35 PM Shaker Group enjoys strong position to achieve growth in 2021 - Interview
Riyadh - Mubasher: Acting CEO of Saudi Al Hassan Ghazi Ibrahim Shaker Co, Mohammad Ibrahim Abunayyan, said he is still confident his company will maintain growth in 2021. In an interview with Mubasher, Abunayyan said Shaker Group has taken serious …
Eleven companies have cut their capital during the past year by SAR 2.9 billion.
7 January 02:58 PM Nineteen Tadawul-listed firms raise capital by SAR 12.6bn in 2020
Riyadh – Mubasher: Nineteen Tadawul-listed companies have hiked their capital by SAR 12.57 billion during 2020, whereas eleven others lowered their capital meanwhile.   The capital hike processes were implemented by way of a rights issue, issuance …
Mirna Arif, General Manager of Microsoft Egypt
21 December 2020 00:02 PM Reimagining Egypt’s economy through digital transformation – Interview with Mirna Arif
By: Marina Gamil Cairo – Mubasher: In its recovery phase, Egypt has taken several initiatives to increase the contribution of digitalisation in its economic growth by advancing information technology (IT) infrastructure, supporting startups and …
Photo Archive
17 December 2020 09:21 PM Identifying investment opportunities post-COVID – Interview with Huda Al-Lawati
By: Moslem Ali Mubasher: In a time when the region’s markets continue to cope with the impacts of the Coronavirus (COVID-19) crisis, it is always important to listen to the experts’ opinion as we review our broader outlook for the region’s markets …
Photo Archive
10 November 2020 01:45 PM Saudi transport sector suffers losses in Q3
Riyadh – Mubasher: Five Tadawul-listed transport companies moved to losses during the third quarter (Q3) of 2020 as revenues from activities plunged due to the adverse effects of the coronavirus crisis. The companies suffered a loss of SAR 130.83 …
Zedny was founded in 2018
18 October 2020 11:25 AM Online platforms for professional development - Interview with Zedny
By: Moslem Ali Cairo - Mubasher: With technological advancements and growing digital infrastructure, the digital education industry is growing in the Middle East. Remote learning, in particular, has gained increased importance with the recent new …
The trading volume registered 496.822 million shares today.
4 October 2020 05:09 PM TASI extends losses on Sunday for second day
Riyadh – Mubasher: The Tadawul All Share Index (TASI) closed lower on Sunday for the second consecutive session after falling by 1.41% or 117.29 points to settle at 8,177.76 points. The trading volume registered 496.822 million shares today, down …
Traded values totalled SAR 259.25 billion in Q3-20.
1 October 2020 03:50 PM Saudi bourse rises 15.36% in Q3 after economic activity resumption
Riyadh – Mubasher: The Saudi bourse’s general index, the Tadawul All Share Index (TASI), leapt by 15.36% or 1,109 points in the third quarter (Q3) of 2020 to stand at the level of 8,333.48 points, compared with 7,224.09 points in Q2-20. This comes …
The webinar discussed the Road to Digital Transformation and Innovation
30 September 2020 00:33 PM Industry leaders discuss the future of digital transformation
By: Moslem Ali Cairo – Mubasher: The British Egyptian Business Association (BEBA) organized a webinar on Tuesday discussing “The Road to Digital Transformation and Innovation” to discuss the rising importance of digital transformation, especially …
The price of 21-karat gold registered EGP 825 per gram
23 September 2020 04:19 PM Egypt's gold prices drop on lower global prices
Cairo – Mubasher: Gold prices continued the downward trend in the Egyptian market, falling by EGP 5 per gram on Wednesday as global prices of the precious metal fell to $1,888 per ounce, Ehab Wassef, a member of the gold division at the Federation …
The e-commerce space acquired the lion’s share of M&A operations over the past five or six years.
14 September 2020 01:26 PM Local M&A market size in Saudi to reach $1.2 billion in 2021 - Interview
Riyadh – Mubasher: The merger and acquisition (M&A) activity is an important aspect of investment in Saudi Arabia, particularly with the launch of the National Transformation Program and Saudi Vision 2030. Like the case with other sectors, the M&A …
Saudi Stock Exchange (Tadawul)
2 September 2020 04:39 PM Your guide to the new Saudi derivatives market - Infographic
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) launched the Derivatives Market on 30 August 2020 to start trading of the kingdom's first exchange-traded derivatives product. The financial derivatives market will offer investors a …
The derivatives market will be launched on Sunday, 30 August
27 August 2020 04:26 PM Investors awaiting launch of Saudi derivatives market next week
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) is close to launching the Derivatives Market to start trading of the kingdom's first exchange-traded derivatives product. Many market analysts affirmed the launch, set to take place on Sunday, …
Selina Bieber, Senior Regional Director for MENA, Turkey, and South Africa, GoDaddy
26 August 2020 01:36 PM Middle East on track for digital growth - Interview
By: Marina Gamil Cairo - Mubasher: The Middle East has been moving towards digital transformation in the past few years, witnessing more significant technology trends that could reshape its emerging markets.   Since the beginning of 2020, …
COVID-19 made investments in healthcare a top priority
20 August 2020 03:35 PM COVID-19 and the future of digital healthcare services
By: Moslem Ali Cairo – Mubasher: The coronavirus (COVID-19) crisis has changed the outlook for investments in the healthcare sector, providing new opportunities to startups from around the globe, panellists agreed during the Future of Healthcare …
This recession is forecast to drive lower investments
20 August 2020 00:30 PM What should the world learn from the COVID-19 crisis?
By: Marina Gamil Mubasher: Economies have been hit hard by the coronavirus (COVID-19) pandemic, which affected people’s lives, slowed down activity, and disrupted financial markets and supply chains, pushing the world to think of new ways to …
Technology will help bring the best quality of education to all pupils
17 August 2020 03:45 PM The rise of EdTech amid a pandemic; ephemeral boom or a new era?
By: Amal A. Wahaab Cairo – Mubasher: The first virtual event of RiseUp Summit, RiseUp from Home, has recently taken place through the online eventtus platform, under the slogan “Got Grit?” The three-day event was held remotely on 13-15 August in …
Careem expanded its services in Egypt and the GCC
17 August 2020 01:38 PM The story behind the region's first multi-service super app
By: Marina Gamil Cairo - Mubasher: Dubai-based Careem has recently launched a multi-purpose application, or a Super App, that brings its different services in just one platform, benefiting from the company’s infrastructure which has been built …
The three-day event was held between 13 and 15 August
16 August 2020 03:32 PM How can businesses prepare for the next pandemic?
By: Amal A. Wahaab Cairo – Mubasher: RiseUp Summit has recently concluded its first virtual event, RiseUp from Home, which was launched in line with the preventive measures against the coronavirus pandemic. The three-day event was held on 13-15 …