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The death toll amounted to 441
28 May 04:53 PM Coronavirus cases in KSA exceed 80K
Riyadh – Mubasher: The Saudi Ministry of Health reported 1,644 new coronavirus (COVID-19) cases on Thursday, bringing its total to 80,185. In addition, a total of 3,531 patients recovered in the past 24 hours, increasing the number of recoveries …
Saudi oil export revenue declined by more than 50% in March
28 May 11:57 AM Saudi oil export revenue hits SAR 150bn in Q1-20
By: El-Sayed Gamal Riyadh – Mubasher: Saudi Arabia’s oil export revenue shrank year-on-year (YoY) during the first quarter of 2020, pressured by a significant drop in revenue in March as a result of the decreased demand for oil amid the …
The Ministry of Health announced the detection of 1,815 new COVID-19 cases
27 May 05:10 PM KSA lifts ban on private-sector workplace attendance
Riyadh – Mubasher: The Saudi Ministry of Human Resources and Social Development has lifted the ban on workplace attendance in the private sector after the GCC nation’s coronavirus (COVID-19) tally recorded 78,541. In addition, government employees …
All necessary health measures will be taken to contain the spread of the COVID-19
27 May 12:27 PM KSA to resume local flights, railway operations
Riyadh – Mubasher: The Saudi General Authority of Civil Aviation (GACA) announced that domestic flights through national carriers will be resumed on Sunday, 31 May. GACA will coordinate operations with airports, air carriers, civil aviation …
The situation across the kingdom is set to return to normal by 21 June
26 May 10:47 AM Saudi Arabia to begin easing, lifting curfew restrictions
Riyadh – Mubasher: Saudi Arabia will begin phasing out the curfew, imposed as a precautionary measurement against the spread of the coronavirus (COVID-19), starting next Thursday. On 28-30 May, the curfew’s exception time will be from 6:00 a.m. to …
Saudi Ministry of Health
26 May 05:43 PM Saudi Arabia reports 1,931 coronavirus cases on Tuesday
Riyadh – Mubasher: Saudi Arabia has reported 1,931 new cases of the coronavirus disease (COVID-19), according to the Ministry of Health’s daily report. This brings the total number of cases in the kingdom to 76,726 cases, with 411 death cases. …
The outlook on all ratings was changed to ratings under review
26 May 04:48 PM Moody’s downgrades Arabian Centres ratings
Riyadh – Mubasher: Moody’s Investors Service has downgraded Arabian Centres Company's (ACC) corporate family rating (CFR) to ‘Ba2’ from ‘Ba1’. The rating on the $500 million Sukuk, which was issued by Arabian Centres Sukuk Limited and due in 2024, …
Saudi Aramco is currently the most profitable company worldwide
26 May 11:02 AM World's top 2,000 list includes 40 Arab companies; Aramco ranked 5th
By: Amal A. Wahaab Mubasher: This year's Forbes Global 2000 list saw the inclusion of 40 companies from the Arab world in the magazine's ranking of the world's top 2,000 companies, based on assets, profits, revenues, and market value.  Oil giant …
Saudi Minister of Finance, Mohammed Al Jadaan
24 May 11:20 AM Saudi economy capable of facing coronavirus crisis – Minister
Riyadh – Mubasher: The Saudi economy remains solid and resilient against the new coronavirus (COVID-19) crisis, despite the need to rationalize public spending, said the Saudi Minister of Finance and acting Minister of Economy and Planning, …
Saudi Arabia recorded 2,148 recoveries
25 May 04:22 PM Saudi Arabia reports 2,235 new COVID-19 cases
Riyadh - Mubasher: The total number of coronavirus (COVID-19) cases in Saudi Arabia reached 74,795 after 2,235 new cases were detected, the Saudi Ministry of Health announced in a press conference on Monday. A total of nine deaths were reported on …
Saudi Arabia confirmed 2,284 recovered cases
24 May 04:08 PM Saudi Arabia's COVID-19 cases total 72,560
Riyadh – Mubasher: Saudi Arabia's total coronavirus (COVID-19) cases reached 72,560 after recording 2,399 new cases, the Saudi Ministry of Health revealed on Sunday. Saudi Arabia confirmed 2,284 new recovered cases, raising the total number of …
Saudi total foreign trade volume amounted to SAR 320bn
24 May 01:52 PM Saudi trade balance records SAR 75.73bn surplus in Q1-20
Riyadh – Mubasher: Saudi trade balance showed a surplus of around SAR 75.73 billion during the first quarter (Q1) of 2020, as the total foreign trade volume of Saudi Arabia amounted to around SAR 320 billion. The merchandise exports and …
The agreement is in line with SALIC's strategy
24 May 11:58 AM SALIC acquires 30% of India's Daawat Foods
Riyadh - Mubasher: Saudi Agricultural and Livestock Investment Company (SALIC), owned by the Saudi Public Investment Fund (PIF), has acquired a 29.91% stake in India's Daawat Foods, a rice producer. The agreement is in line with SALIC's strategy …
Hotels in five governorates could reopen after receiving the safety certificate
24 May 11:13 AM Egypt grants health safety certificates to over 70 hotels
Cairo - Mubasher: More than 70 hotels in Egypt last week have received the health safety certificate, which is necessary for resuming their operations, according to Egypt’s tourism and antiquities minister. Receiving the certificate came after …
HMM Algeciras containership's length is around 400 metres
24 May 10:29 AM World's largest container to cross Egypt's Suez Canal
Cairo - Mubasher: The Suez Canal will receive South Korea's HMM Algeciras, the world's largest containership, the Egyptian Ministry of Transport announced in a recent statement. The 24,000-TEU-class vessel will pass through the canal as after …
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 …
The wholesale price index declined by 1.8% MoM
21 May 03:51 PM Saudi wholesale prices rise 0.6% in April
Riyadh – Mubasher: The Saudi wholesale price index (WPI) inched up by 0.6% year-on-year (YoY) in April 2020, recording its lowest level in a year, according to the latest data by the General Authority for Statistics (GaStat). The increase in the …
Photo Archive
21 May 01:22 PM CMA objects to AXA Cooperative Insurance 2019 dividends
Riyadh – Mubasher: AXA Cooperative Insurance Company has received a letter of objection from the Saudi Capital Market Authority (CMA) regarding the company’s plan to distribute cash dividends to shareholders for fiscal year (FY) 2019. The …
David Parker - co-chief Investment officer for the Financial Services sector at EDB
21 May 11:39 AM GCC sees growing trend for fintech platforms amid COVID-19 crisis
Mubasher: The GCC region is set for a big leap in the use of financial technology applications amid the coronavirus (COVID-19) outbreak with the Middle East and Africa (MEA) region witnessing a 70% growth in the use of contactless payments, …
Disinfection gates pose health risks to people
21 May 11:26 AM Disinfection gates proving ineffective against coronavirus
Mubasher: Sterilisation gates and rooms placed at the entrance of public places have not proven their effectiveness in curbing the spread of the highly contagious coronavirus (COVID-19), assistant secretary at the Kuwaiti Ministry of Health, …
The bank achieved a profit of SAR 181.6 million in the first quarter of 2020
21 May 11:02 AM Bank AlJazira Q1-20 profits down 23% on higher expenses
Riyadh – Mubasher: Bank AlJazira has reported a net profit of SAR 181.6 million during the first quarter (Q1) of 2020, posting a 22.7% decline compared with a profit of SAR 235 million for the same quarter of the year before. The bank attributed …
The new solution provides accurate diagnostic results
21 May 09:47 AM Kuwaiti researchers develop new COVID-19 PCR test
Mubasher: A Kuwaiti research team has successfully developed a Polymerase Chain Reaction (PCR) test solution for the new coronavirus (COVID-19), Kuwait News Agency (KUNA) reported. The new test has excellent and accurate diagnostic results …
Ministry of Health - Saudi Arabia
20 May 04:07 PM KSA announces 2,691 COVID-19 cases Wednesday
Riyadh – Mubasher: Saudi Arabia has registered 2,691 new coronavirus (COVID-19) cases on Wednesday. The total number of cases increased to 62,545, the Ministry of Health daily report showed. On the other hand, 1,844 recovering cases were reported, …
Food and beverages prices increased by 6.1% during April
20 May 03:59 PM Saudi inflation up 1.3% in April
Riyadh – Mubasher: The Consumer Price Index (CPI) in Saudi Arabia increased by 1.3% in April 2020 on a yearly basis, after registering 1.5%. The food and beverages and the miscellaneous goods and services groups contributed the most to this …
Trading volumes amounted to 190.422 million shares
20 May 03:50 PM Tadawul closes Wednesday on marginal rise
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Wednesday’s trading session on marginal gains, as the main index levelled up by 0.08% and closed at 7,050.17 points. Trading volumes amounted to 190.422 million shares, with a turnover of …