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9 minutes ago Oil prices near stable at 3-yr highs
Oil prices fell on Friday but remained at three-year highs ahead of US oil rig data
19 April 09:48 PM Watch Sophia answers Mubasher’s questions
Sophia was the first robot with an earthly citizenship, after being granted the Saudi citizenship not so long agoxasdas
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19 April 06:44 PM TASI records highest weekly gains in 10M
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended the week up by more than 450 points, recording its biggest weekly increase since June 2017. The Tadawul All Shares Index (TASI) rose by 5.79% or 453 points, and ended Thursday’s session …
19 April 05:07 PM Analyst warns of ‘violent’ oil sell-off as Saudi eyes $100/barrel
Analysts do not expect the recent rise in oil prices to continue towards Saudi Arabia's desired $100 per barrel
19 April 07:52 PM Oil-price surge may prompt next crisis -Analyst
The recent rise in oil prices could speed up a crisis in the energy market, according to an oil economist.
19 April 05:56 PM ‘Full-on global meltdown’ in stocks seen ‘too early’ -Goldman Sachs
A Goldman Sachs Asset Management top official has said that there should be no fears of a "global meltdown in equities"
It is expected for the Saudi shares to incline in 2018
19 April 05:14 PM Listing Aramco on Tadawul will boost EM indices – IFC
Mubasher: The International Finance Corporation (IFC) announced that upgrading the Saudi Stock Exchange (Tadawul) in FTSE’s emerging markets list in 2019 will raise the market’s weight to 2.7% in the main indices for emerging stocks. The IFC added …
TASI’s trading volume hit 250.26 million shares on Thursday
19 April 04:24 PM Saudi indices close Thursday mixed
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Thursday in the green after its benchmark Tadawul All Share Index (TASI) surged 1.61% or 131 points to 8,277.14 points. TASI’s trading volume hit 250.26 million shares on Thursday, up …
The pressure on oil prices forced the economies to look at diversification
19 April 04:24 PM IHG Global mulls expansion in Middle East – CEO
Mubasher: Intercontinental Hotels Group Global (IHG Global) has plans to grow its business across the Middle East, the CEO of IHG Global, Keith Barr, said. The CEO has discussed the hotel group's plan to expand in the Middle East in an exclusive …
Saudi Binladin Group obtains $2.9bn gov’t loan
19 April 02:58 PM Saudi Binladin Group obtains $2.9bn gov’t loan
Riyadh – Mubasher: Construction giant Saudi Binladin Group (SBG) has obtained a SAR 10.88 billion ($2.9 billion) loan from the kingdom’s government to pay late wages of employees and bank creditors. Saudi Arabia’s biggest builder will also use the …
The project will provide a raft of healthcare services
19 April 01:46 PM Saudi German Hospital to build 100-bed hospital in UAE
Riyadh – Mubasher: Saudi-based Middle East Healthcare Company (Meahco) has signed a contract to establish a 100-bed hospital in Al Marjan Island, Ras Al Khaimah as part of its expansion plans in the UAE. The project will provide a raft of …
19 April 01:38 PM Global pharmaceuticals sector seen “Stable” – Moody’s
The global pharmaceutical industry is expected to register a growth of 1%-2% in earnings in the coming 12 to 18 months, Moody's says
This stake may represent 5% to 10% of the American Multi-Cinema’s revenues
19 April 12:53 PM AMC eyes 50% share of Saudi cinema market – CEO
Riyadh – Mubasher: US-based movie exhibition company AMC Entertainment Holdings Inc. plans to acquire a 50% share of Saudi Arabia’s cinema market in the coming period, CEO Adam Aron said.  This stake may represent 5% to 10% of the American …
The renewal of the MoU will be subject to negotiations
19 April 12:38 PM Jabal Omar-Meraas MoU expires; firms in talks for renewal
Riyadh – Mubasher: Jabal Omar Development has announced that its memorandum of understanding (MoU) with the UAE’s Meraas Holding has been expired. In October 2017, Jabal Omar inked a non-binding MoU with Dubai-based Meraas Holding to examine means …
19 April 11:51 AM Oil prices extend to rise on positive stockpile data
Oil prices sustained their increase on Thursday after settling at three-year highs the previous day
The retailing sector fell 0.65%
19 April 11:18 AM TASI grows, Nomu stable early Thursday
Riyadh – Mubasher: The Saudi Stock Exchange’s Tadawul All Share Index (TASI) increased 0.85% or 69.4 points to 8,215.57 points in Thursday’s early trades. By 10:35 am Saudi time, TASI’s trading volume hit 4.44 million shares changed hands through …
The deal entails launching the first of Holiday Inn Express hotels in Saudi
19 April 10:34 AM Al Hokair to operate Holiday Inn Express hotels in Saudi
Riyadh – Mubasher: Saudi-based Abdul Mohsen Al Hokair Group for Tourism and Development Company has signed an agreement with Intercontinental Hotels Group to develop and exclusively operate Holiday Inn Express hotels in the kingdom. The deal …
The firm’s net profits amounted to SAR 24.6 million during Q1-18
19 April 10:02 AM Saudi Aldrees posts SAR 24.6m profit in Q1
Riyadh – Mubasher: Aldrees Petroleum and Transport Services Company on Thursday reported a 68.5% year-on-year hike in its net profits in the first quarter of 2018, compared to the year-ago period. The firm’s net profits amounted to SAR 24.6 …
The cement producer's net profit amounted to SAR 57.18 million in Q1-18
19 April 09:43 AM Qassim Cement profit falls 29% in Q1
Riyadh – Mubasher: Saudi Arabia-based Qassim Cement on Thursday posted a 28.67% year-on-year drop in its net profits during the first quarter of 2018. The cement producer's net profit amounted to SAR 57.18 million in Q1-18, down from SAR 80.16 …
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18 April 09:54 PM Tadawul approves SAR 17.9bn public debt instruments
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) has approved the listing request of the debt instruments issued by the Saudi government submitted by the Ministry of Finance (MoF). The debt instruments have a total value of SAR 17.920 …
18 April 08:56 PM Black Panther enters history as 1st movie in Saudi cinemas
Saudi Arabia is set to open the first movie theater for the public in 35 years on Wednesday
The deal has reaped many fruits
18 April 08:18 PM Saudi Arabia may push for $100 pb price surge
Riyadh – Mubasher: Saudi Arabia, the world’s top oil exporter, desires to up oil prices to $100 per barrel (pb), which will make it more or less reluctant to back any cut to OPEC and non-OPEC members output reduction deal. In January 2017, OPEC …
Al Khodari renewed a credit agreement worth SAR 330 million
18 April 07:39 PM Al Khodari renews SAR 330m facility
Riyadh – Mubasher: Abdullah A. M. Al-Khodari Sons Company on Wednesday announced the renewal of an SAR 330 million Islamic credit deal with Alawwal Bank. “The purpose of these credit facilities is to provide bonding commitments and fund capital …
18 April 06:04 PM China’s new auto policy allows higher foreign ownership -Report
The Chinese government has announced policies that would allow foreign car companies to own more than 50% of their JVs in the country
18 April 06:03 PM US oil stocks down 1.1m barrels in week
Crude oil inventories in the United States declined by 1.07 million barrels last week