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15 August 12:30 AM

Latest News

60 minutes ago Oil settles lower after mixed performance
The American Petroleum Institute (API) is scheduled to issue its weekly report later.
Oil and Energy
2 hours ago Gold records first gains in four days
Concerns regarding the Turkish economic crisis are cooling down
Goods and Metals
3 hours ago Brexit deal should be flexible - Merkel
German Chancellor Angela Merkel said on Tuesday that any agreement between the United Kingdom and the European Union should be flexible
Global Reports
4 hours ago US household debt nearly triples in Q2
This is the 16th consecutive quarter of increases
Global Reports
Photo Archive
5 hours ago Amana Cooperative Insurance applies for capital hike
Riyadh - Mubasher: Amana Cooperative Insurance has filed a request to the Capital Markets Authority of Saudi Arabia (CMA) to raise its capital. Amana is seeking to increase its capital, and it has appointed the National Commercial Bank’s NCB …
Companies Investments
14 August 06:24 PM 22 killed after highway bridge collapses in Italy
At least 22 people were killed after a motorway bridge collapsed on torrential rains that hit buildings in north Italy on early Tuesday.
Global Reports
Photo Archive
14 August 05:41 PM SAPTCO’s subsidiary obtains SAR 59m loan
Riyadh - Mubasher: Saudi Public Transport Company (SAPTCO) announced on Tuesday that its subsidiary Public Transport Company has acquired a SAR 59 million murabaha finance for six months from the Arab National Bank. The murabaha loan deal will …
Companies Investments
14 August 05:33 PM US import inflation accelerates to 6.5-yr high in July
The costs of the US import remained flat in July after declining in June.
Global Reports
Total losses reached SAR 994.46 million ($265.2 million) in Q2-18
14 August 05:19 PM 40 Tadawul-listed firms end Q2 down
By: Thabet Shehata Riyadh – Mubasher: Forty companies listed on the Saudi Stock Exchange (Tadawul) registered losses during the second quarter of 2018. Total losses reached SAR 994.46 million ($265.2 million) in Q2-18, according to Mubasher's …
Trading Activities
14 August 05:03 PM Erdogan urges Turks to boycott US electronics     
Turkish President Recep Tayyip Erdogan on Tuesday stated that his country will boycott US electronic products, including Apple’s iPhones.
Global Reports
TASI rose 20.39 points, or 0.26%, to finish the mid-week trading session at 7893.18 points.
14 August 04:08 PM TASI breaks 4-session low, Nomu falls at Tuesday's close
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended the downwards trend on Tuesday after four consecutive declines, despite recording the lowest liquidity level in 13 sessions. The Tadawul All Shares Index (TASI) rose 20.39 points, or …
Trading Activities
14 August 03:47 PM US small business owner morale hovers record high in July
Positive sentiment among US small businesses saw an improvement in July, recording the second highest level in history.
Global Reports
14 August 03:09 PM German economic morale improves in August
German economic confidence saw a more-than-expected a resilient gain in August, survey data showed on Tuesday.
Global Markets brief
14 August 02:38 PM Canada’s largest builder faces new growth risk amid Saudi spat
As the diplomatic feud between Canada and Saudi Arabia is escalating, one of the major pillars of SNC-Lavalin Group’s growth plans stood at stake.
Global Reports
Electric machines and equipment topped the imports to Saudi Arabia
14 August 01:40 PM Saudi imports down 3.2% in June – GaStat
Riyadh – Mubasher: Saudi Arabia announced that its imports decline by 3.2% or SAR 1.12 billion in June 2018 when compared to the same month a year ago, according to the latest data by the Saudi General Authority for Statistics (GaStat). Imports …
The kingdom’s trade surplus grew to SAR 61.34 billion in June
14 August 01:16 PM Saudi trade surplus leaps 161% in June – GASTAT
Riyadh – Mubasher: Saudi Arabia's trade surplus registered a year-on-year increase of 160.7% in June, according to a recent report by the Saudi General Authority for Statistics (GASTAT). The kingdom’s trade surplus grew to SAR 61.34 billion …
Sector Reports
14 August 01:12 PM Eurozone industrial output drops 0.7% in June, EU28 0.4%
The Eurozone's industrial production declined 0.7% in June, compared with the previous month, data showed on Tuesday.
Global Markets brief
14 August 12:53 PM Germany’s economic growth accelerates in Q2 amid cautious outlook
Germany’s economic growth gained momentum in the second quarter of 2018, official data showed on Tuesday.
Global Markets brief
14 August 12:47 PM Updated Eurozone, EU28 Q2 economic growth confirmed at 0.4%
Gross domestic product (GDP) in Eurozone and the 28-member European Union (EU28) rose 0.4% in the second quarter of 2018, compared with the previous quarter.
Global Markets brief
Saudi merchandise exports amounted to SAR 95.45 billion in June
14 August 12:28 PM Saudi merchandise exports hit SAR 96bn in June – GASTAT
Riyadh – Mubasher: Saudi Arabia's merchandise exports increased by 62.3% year-on-year, or SAR 36.96 billion, during June, the General Authority for Statistics’ (GASTAT) data revealed on Tuesday. The kingdom’s merchandise exports amounted to SAR …
Sector Reports
The MoU aims at establishing a new passenger terminal at King Abdulaziz International Airport
14 August 12:14 PM Jabal Omar, Ground Services extend terminal MoU
Riyadh – Mubasher: Jabal Omar Development Company on Tuesday announced that it has extended a non-binding memorandum of understanding (MoU) with Saudi Ground Services Company (SGS) for one more year until 22 February 2019. The MoU aims at …
Macroeconomics
14 August 12:12 PM Updated UK jobless rate slips in Q2; wage growth declines
The UK Labour Force Survey estimates indicated that the number of working people rose between the first quarter and the second quarter of 2018.
Global Reports
DWF’s earnings increased to SAR 2.69 million
14 August 11:24 AM Saudi DWF records higher profits in Q2, H1
Riyadh – Mubasher: Development Works Food Co (DWF) achieved a growth of 2.4% in profits during the second quarter of 2018 compared to the same period last year. DWF’s earnings increased to SAR 2.69 million from SAR 2.63 million in the same quarter …
Financial Results
The media sector topped TASI’s gainers adding 4.35
14 August 11:18 AM TASI adds 64 pts, Nomu near-stable early Tuesday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Tuesday’s trading session in green territory after its main Tadawul All-Share Index (TASI) increased 64.62 points, or 0.8%, to 7,937.41 points. By 10:43 am Saudi time, TASI’s trading …
Trading Activities
14 August 11:02 AM China’s economy slows in July as investment hits two-decade low
China’s business activity has seen a further slowdown during July, as investment hit an almost two-decade low, official data revealed on Tuesday.
Global Reports