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17 June 10:03 AM

Mubasher Exclusive

UAE led Saudi Arabia’s trade partners
12 June 11:04 PM Saudi-GCC trade surges 20% YoY in Q1
By: Bedour Al Raee Riyadh – Mubasher: The trading exchange between Saudi Arabia and the UAE, Bahrain, Kuwait, and Oman declined by 19.11% year-on-year during the first quarter of 2019. The Saudi-GCC trade, excluding Qatar, reached SAR 21 billion …
Macroeconomics
GCC markets are expected to maintain the bullish trend over the coming sessions
11 June 09:17 AM GCC bourses to see further gains this week – Analysis
By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to see further gains over the coming trading session on the back of 10 key factors including the regional and global geopolitical tensions, analysts told Mubasher. By the end of Monday’s …
Stock Evaluations
Egypt has purchased 3.2 million tonnes of local wheat
10 June 06:17 PM Egypt’s strategic wheat reserves sufficient for 5M
By: Mohamed Mowafy Cairo – Mubasher: Egypt's strategic wheat reserves are enough to cover the country's needs for up to five months, assistant to the minister of supply said. The increase in strategic wheat reserves was attributed to the growth in …
Macroeconomics
The supply ministry aims to buy 3.6 million tonnes of local wheat
10 June 01:48 PM Egypt pays EGP 14bn for local wheat since April – Minister
By: Mohamed Mowafy Cairo – Mubasher: Egypt’s government has paid about EGP 14 billion for the amount of wheat delivered by local farmers since the beginning of this harvest season, the country’s minister of supply and internal trade said. Egypt, …
Egypt will pay farmers between EGP 655 and EGP 685 per ardeb
9 June 01:33 PM Egypt receives 3.2m tonnes of local wheat since April
By: Mohamed Mowafy Cairo – Mubasher: Egypt’s government has purchased 3.2 million tonnes of wheat from local farmers since the beginning of this harvest season, assistant to the country’s minister of supply said. The world’s largest wheat importer …
Macroeconomics
‘Ai Everything Summit 2019’ kicked off in Dubai on 30 April
19 May 10:17 AM UAE leads GCC in adopting Fourth industrial revolution
Mubasher: The current industrial revolution will not include organisations that do not adapt by using new digital technologies, including the internet of things (IoT) and Artificial Intelligence (AI). Such entities are expected to fail to be ready …
Macroeconomics
Most of the GCC stocks have witnessed sell-offs last week
19 May 08:57 AM 5 factors to shape GCC markets this week
By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to be gripped by five factors this week, analysts told Mubasher. By the end of Thursday’s trading session, some of the GCC markets have seen a bearish trend, particularly the Abu Dhabi …
Stock Evaluations
Autonomous transport something that the UAE is already actively involved in
16 May 10:44 AM Genomic medicine amid UAE’s goals in Fourth Industrial Revolution – Colliers
Mubasher: The Fourth Industrial Revolution (4IR) is becoming an endorsing factor for economies all over the world and it is currently being seen in various sectors such as real estate, banking, entertainment, healthcare, and the new trend of …
Companies Investments
Mouwasat Medical Services achieved a 1.14% year-on-year rise in profits
13 May 02:02 PM Saudi healthcare sector posts SAR 113.6m decline in Q1 profits
Riyadh – Mubasher: The companies listed on the Saudi Stock Exchange (Tadawul) in the healthcare sector have registered a decrease of 31.2% or SAR 113.65 million in profits during the first three months of 2019 when compared to the same quarter …
Sector Reports
The Gulf bourses closed Thursday’s trading sessions in red territory
12 May 09:25 AM GCC stocks to carry on volatile trend on US-China trade war
By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to maintain the volatile trend this week due to 10 key factors, capped by the US-China trade war, analysts told Mubasher. The Gulf bourses closed Thursday’s trading sessions in red …
Trading Activities
The companies’ operating profit declined by 32% YoY
10 May 08:12 PM 12 Saudi petrochemical firms report profit decline in 3M
By: Thabet Shehata Riyadh – Mubasher: A number of 12 Saudi petrochemical companies recorded a 40% year-on-year decline in their profits during the first quarter of 2019, reaching SAR 4.88 billion. The 12 companies’ operating profit declined by 32% …
Financial Results
NCB’s profit grew 19.6% QoQ
7 May 09:00 PM Tadawul-listed banks post over SAR 14bn profit in Q1
By: Mahmoud Gamal Riyadh – Mubasher: Banks listed on the Saudi Stock Exchange (Tadawul) saw positive performance during the first quarter of 2019. A number of 12 Tadawul-listed banks reported a 12.7% year-on-year profit increase in Q1-19, …
Banking and Finance
Tadawul is a big and mature market
26 April 08:49 PM Tadawul ranks high among global markets – Chairman
By: Mohamed Idris Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) is ranking 24th among global markets, and 7th among developing markets, in terms of market capitalisation, chairman of Capital Market Authority of Saudi Arabia (CMA), Mohammed …
Trading Activities
GCC markets to attract retail and institutional investors this week
21 April 08:52 AM 10 factors to attract foreign investors to GCC stocks
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, …
Trading Activities
GCC states’ holdings of US Treasury securities reached $274.77 billion in February
16 April 11:29 AM GCC holdings of US Treasuries rise 1.8% in February
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 …
Macroeconomics
Most of the Gulf bourses ended Sunday’s trading session in green territory
15 April 08:48 AM GCC stocks to see further gains this week - Analysts
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 …
Trading Activities
Fine Holding’s MENA regional marketing director Rawan Emeish
9 April 10:14 AM Fine Hygienic Holding doesn't mull listing on Arab stock market - Interview
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, …
Companies Investments
Production of international refineries increased to 1.36 million bpd in 2018
8 April 06:23 PM Saudi Aramco’s total refined products hit 3.2m bpd in 2018
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 …
Companies Investments
Traders in the region are upbeat about the recent development of the US-China trade dispute
7 April 08:51 AM GCC stock markets to see further gains this week – Analysts
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 …
Trading Activities
Aramco's crude oil deliveries totalled 10.32 million bpd in 2018
4 April 02:57 PM Saudi Aramco’s crude oil deliveries grow 2.3% in 2018
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 …
Companies Investments
Saudi listed companies reported a 1.65% net profit increase to SAR 105 billion in 2018
4 April 01:29 PM Saudi listed firms post SAR 17bn profit in Q4 – Survey
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 …
Financial Results
Saudi banks’ government bond holdings hit SAR 331.16 billion in February
3 April 06:00 PM Saudi banks raise gov’t bond holdings by SAR 62bn in February
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 …
Banking and Finance
Ghawar field is Aramco’s largest oil field with reserves of 58.32 BBOE
3 April 05:11 PM Saudi Aramco’s oil output capacity hits 12m bpd end-2018
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 …
Companies Investments
Head of Tax at KPMG Al Fozan & Partners, Wadih Abu Nasr
3 April 04:59 PM Foreign firms should meet KSA's Transfer Pricing Bylaws – KPMG
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, …
SABIC topped Saudi firms with net profits of SAR 21.52 billion in 2018
2 April 06:27 PM Saudi listed firms log SAR 105bn profit in 2018 – Survey
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) …
Financial Results