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42 minutes ago Britain’s Pershing Square Holdings announces $100m share buyback programme
Mubasher: British investment trust Pershing Square Holdings (PSH) has announced an additional share buyback programme for $100 million of the company’s outstanding public shares.
Oil sector growth will be kept in check
3 hours ago Saudi non-oil growth to average 2.4% in next three years – NBK
Riyadh – Mubasher: Saudi Arabian non-oil growth is expected to reach 2.7% in 2019, amounting to an average of 2.4% in 2020-2022. The growth of the kingdom’s oil sector will be kept in check due to output cuts commitments with OPEC+, a report by …
13 December 10:53 PM Oil futures end 89 cents higher on Friday
​​​​​​​Mubasher: Oil futures went up at Friday’s settlement, rising 1.5% for the week, as US President Donald Trump announced reaching a trade agreement with China.
13 December 10:45 PM Gold levels up $9 at Friday’s end, records weekly gain
Mubasher: Gold prices grew at Friday’s settlement, rising 1.1% for the week.
Contracts are set to be signed before year-end
13 December 08:22 PM Saudi Mawani announces joint contracts with DP World, Red Sea Gateway
Riyadh – Mubasher: Saudi Arabia’s Supervisory Committee for Privatization of Transport Sector has approved signing concession contracts with global port operator DP World and regional port operator the Red Sea Gateway Terminal (RSGT) to develop …
13 December 07:47 PM US, China agree to stop drums of trade war
Mubasher: The US and China have agreed on an initial trade deal that will reduce tariffs between the two countries.
13 December 05:12 PM Global Thermal Paper Market to reach $5.5bn by 2025
Mubasher: The Global Thermal Paper Market’s value is expected to achieve a compound annual growth rate of 8.2% to reach $5.5 billion by 2025.
13 December 02:41 PM World’s rare earths market to hit $5.62bn in 5 years
Mubasher: World's rare earth materials market is projected to reach $5.62 billion by 2025, according to a business data platform.
adawul’s capitalisation ended the week at SAR 9.23 trillion
13 December 01:45 PM TASI’s liquidity grows 399% in week led by Aramco’s market cap
Riyadh – Mubasher: Oil giant Saudi Arabian Oil Company’s (Saudi Aramco) market capitalisation grew to SAR 7.38 trillion ($1.97 trillion) by the end of the week, leading the broader Saudi Stock Exchange’s (Tadawul) capitalisation to expand by 339% …
13 December 12:21 PM Telenor chooses Ericsson to build Norway’s 5G network
Mubasher: Norway’s state-controlled Telenor chose Sweden’s network equipment giant Ericsson as the main provider for its fifth-generation network, the telecoms company said on Friday.
TASI ended the week at 8,005.77 points
12 December 05:26 PM TASI down 1.57%; Aramco dominates record trade
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Thursday’s trading session in decline, while liquidity surged to its highest level in more than three months, on the back of the newly listed Saudi Arabian Oil Company (Saudi Aramco). The …
ArabNet Riyadh provided a meeting point for startups with investors, incubators and VCs
12 December 04:31 PM Saudi Arabia asserts role as MENA digital hub during ArabNet Riyadh
Riyadh – Mubasher: ArabNet Riyadh 2019 concluded on Wednesday with great success, providing an interactive platform for engagement between local and international experts and participants, with a special focus dedicated to tech startups. The 8th …
Mohamed ElKasstawi as a speaker during RiseUp Summit 2019
12 December 01:31 PM ElKasstawi: Stock markets, gov’t can boost performance via digital money – Interview
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Blockchain is increasingly carving out space within the investment and banking sectors, with cryptocurrencies, tokens, and fiat currencies expected to reshape the future of financing as many countries …
Tribal Credit recently closed a $5.5 million Seed round
12 December 12:04 PM How startups benefit from blockchain at Tribal Credit – Interview with Mohamed ElKasstawi
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Startups nowadays should look for new ways to boost their business, and one of these ways is using blockchain technologies and digital money. The US-based Tribal Credit, headquartered in Silicon …
Tawuniya shall provide co-insurance services for foreign pilgrims
12 December 12:02 PM Tawuniya signs Umrah insurance contract
Riyadh – Mubasher: The Company for Cooperative Insurance (Tawuniya) has signed an agreement with the Saudi Ministry of Hajj and Umrah. The four-year contract, which was approved by the Saudi Arabian Monetary Agency (SAMA), involves providing …
"Yesser" has reached around 90 government entities
12 December 06:57 PM Saudi e-Government Program covers 86% of public sector
Riyadh – Mubasher: The Saudi Ministry of Civil Service announced the completion of linking the databases of 90 public entities through e-Government Program (Yesser), achieving am 86% coverage of the public sector. The ministry said in a statement …
12 December 06:45 PM GlobalData: 2020 to become the year of instant payments   
While the payments trend focused on technologies like artificial intelligence (AI), the instant bank-to-bank payments systems will lead the payments transformative technology in 2020.
Boubyan sold nearly 3.326 million Saudi Aramco shares
12 December 03:05 PM Boubyan Petrochemical exits stake in Aramco
Mubasher: Boubyan Petrochemical Company has sold its entire shares in Saudi Arabian Oil Co (Saudi Aramco), just after two sessions, profiting KWD 1.6 million ($5.3 million), according to a bourse statement. Boubyan sold nearly 3.326 million Saudi …
12 December 12:50 PM KKR completes acquisition of 70% stake in NVC China
The investment was made from KKR’s Asian Fund III
The offering price is set at SAR 10 per share
12 December 12:07 PM Saudi Cable publishes capital hike prospectus
Riyadh – Mubasher: Saudi Cable Company has released the prospectus of its capital hike through the issuance of pre-emptive rights worth SAR 250 million. The offering price is set at SAR 10 per share in order to increase the capital to SAR 360.61 …
Khalid Al Ballaa, Senior Director and Board Member of Mubasher during ArabNet Riyadh 2019
11 December 07:19 PM Mubasher shares success stories, ambitions at ArabNet Riyadh
Riyadh – Mubasher: ArabNet Riyadh 2019 hosted Khalid Al Ballaa, senior director and board member of Mubasher Financial Services Group, to discuss the company’s success stories, ambitions and the challenges it has faced since the late 1990s. The …
TASI closed the session at 8,133.72 points
11 December 06:04 PM Tadawul closes Aramco’s first trading day in green
By: Bedour Elraee Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Wednesday’s trading session on a positive note, supported by increased liquidity supported by the listing of Saudi Aramco and gains achieved by major market sectors. The …
Aramco will be included in TASI starting from next Wednesday
11 December 03:55 PM Saudi Aramco gets fast entry to TASI
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced the fast entry for the Saudi Arabian Oil Company (Saudi Aramco) to the benchmark Tadawul All Share Index (TASI) and the energy industry group index. The decision is effective starting …
Debt Management Office (DMO) President Fahad Al Saif
11 December 03:23 PM Saudi Arabia ready to issue int’l bonds in January 2020
Riyadh – Mubasher: Saudi Arabia could issue new international bonds as soon as January, President of the Ministry of Finance’s Debt Management Office (DMO), Fahad Al Saif, reportedly told Reuters on Wednesday. This comes as part of plans by the …
Khalid Al Ballaa, Assem El-Bassal, and Michel Malkoun
11 December 03:17 PM DMS named Exclusive Media Representatives for Mubasher.info
Riyadh – Mubasher: Digital Media Services (DMS), the digital arm of Choueiri Group, has been recently appointed as the ‘Exclusive Media Representatives’ for Mubasher.info, the Middle East and North Africa’s (MENA) most preferred Arabic-language …