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Committed gas investments will likely plunge by $9.5 billion
4 May 02:39 PM MENA energy investments likely to surpass $805bn by 2025
Mubasher: Total planned and committed investments in MENA’s energy sector are expected to exceed $805 billion over the coming five years, the Arab Petroleum Investments Corporation (APICORP) said. This will mark an increase of $13 billion from the …
Middle East Energy Dubai will kick off on 17 May
3 May 03:10 PM Middle East seen as market leader in renewable, clean energy
Mubasher: The MENA region is projected to see 83 GW of renewable and clean energy capacity, mainly from solar and wind power, by 2035, according to a research from Informa Markets. In addition, over AED 55 billion worth of solar power projects …
Plastic waste often impact marine life, ecosystems, and food chains
30 April 03:46 PM Egypt could soon ban single-use plastics amid COVID-19
By: Moslem Ali Cairo – Mubasher: Plastic bags that are often used for an average of 25 minutes could take more than 20 years to decompose, while other single-use plastic products, according to the World Wildlife Fund (WWF), might need between 400 …
29 April 03:58 PM Saudi Arabia’s consumer spending rises by 2.1% in Q1
Riyadh - Mubasher: Consumer spending in Saudi Arabia increased by SAR 5.3 billion, or 2.08%, during the first quarter (Q1) of 2021, compared with the same period of last year. Recent data by the Saudi Central Bank (SAMA) showed that consumer …
Saudi Arabia aims to modernise its economy
25 April 03:35 PM Saudi Arabia could save SAR 800bn from energy reforms in 10 years
Riyadh – Mubasher: Saudi Arabia would save about SAR 800 billion for the government over the coming 10 years from its energy reforms plan, Reuters cited Finance Minister Mohammed Al Jadaan as saying. This amount could be utilised for investment. …
The outstanding orders will accordingly be cancelled
25 April 09:44 AM Tadawul announces fluctuation limit for MedGulf
Riyadh – Mubasher: Saudi Tadawul Group said the fluctuation limit for the Mediterranean and Gulf Insurance and Reinsurance Company’s (MedGulf) stock will be based on a share price of SAR 25.45, according to a disclosure on Sunday. The outstanding …
Commercial and agricultural property prices decreased in Q1-21
22 April 12:36 PM Saudi real estate prices slightly up in Q1-21
Riyadh – Mubasher: Saudi Arabia’s real estate price index was higher by 0.2% in the first quarter (Q1) of 2021, compared with Q1-20, the Kingdom’s General Authority for Statistics (GaStat) reported. The slight increase was driven by an annual rise …
UN in 2015 led its member states to adopt the 2030 Agenda for Sustainable Development
22 April 12:06 PM Are MENA countries on track with achieving SDGs?
By: Ingy ElSafy Mubasher: The United Nations (UN) led its member states in 2015 to adopt the 2030 Agenda with 17 Sustainable Development Goals (SDGs) that include 169 specific targets, covering social, economic, and environmental dimensions, in …
There was an increase in the labour force participation rate of all Saudis
19 April 12:18 PM Saudi unemployment rate declines to 12.6% in Q4-20
Riyadh – Mubasher: The unemployment rate in Saudi Arabia decreased to 12.6% during the fourth quarter (Q4) of 2020, compared to 14.9% in the previous quarter, according to estimates by the General Authority for Statistics (GASTAT). This level was …
Saudi insurance sector’s GWP stood at SAR 8.4 billion in Q4-20
18 April 02:23 PM Saudi insurance sector’s net income shrinks 69% in Q4-20 – Aljazira Capital
Riyadh – Mubasher: The insurance sector in Saudi Arabia registered a drop of 69.1% year-on-year (YoY) in net income at SAR 94.5 million during the fourth quarter of 2020 (Q4-20). Net income before Zakat totalled SAR 266.2 million in Q4-20, …
A total of 404,054 people in Saudi Arabia have contracted COVID-19
18 April 01:28 PM Saudi Arabia administrates over 7m COVID-19 vaccine shots
Riyadh – Mubasher: The Saudi Ministry of Health has administrated more than 7 million doses of COVID-19 vaccine across the Kingdom, according to an official tweet. The shots were provided at over 587 vaccination destinations in Saudi Arabia. A …
Alinma Fund’s termination agreement was signed on 12 November 2020
15 April 12:30 PM Al Akaria liquidates Alinma Fund within two months
Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) is working on liquidating and terminating Alinma Fund within two months, according to a disclosure to Tadawul on Thursday. The company is also planning to transfer the ownership of …
The outstanding orders for Aldrees will be cancelled
15 April 12:01 PM Tadawul announces fluctuation limit for Aldrees
Riyadh – Mubasher: The Saudi Exchange (Tadawul) said the fluctuation limit for Aldrees Petroleum and Transport Services Company’s stock will be based on a share price of SAR 60.8, according to a disclosure on Thursday. The outstanding orders will …
The dividends will be paid as SAR 0.13 per unit
14 April 10:28 AM Mulkia Gulf Real Estate’s unitholders to get SAR 9m dividends
Riyadh - Mubasher: Mulkia Investment Company announced the distribution of SAR 8.85 million worth of cash dividends to the unitholders of Mulkia Gulf Real Estate REIT Fund for the period from 1 January to 31 March this year. The dividends will be …
Online shopping has become more of a long-term behavior change
13 April 03:18 PM Online shopping in KSA, UAE likely to grow during Ramadan – Report
Riyadh – Mubasher: A greater surge in online shopping is expected to be witnessed during the month of Ramadan, which has just started today on 13 April, a recent survey Checkout.com unveiled. Online spending by consumers in the UAE and Saudi …
Listing on the main market is subject to shareholders and market's approvals
12 April 05:29 PM National Building’s board approves listing on main market
Riyadh – Mubasher: The board of the National Building and Marketing Company nodded on 12 April to move its trading activities to the main market of the Saudi Exchange (Tadawul), according to a disclosure on Monday. Listing on the main market is …
The trading value amounted to SAR 8.23 billion
12 April 04:32 PM TASI, NomuC close Monday in red
Riyadh – Mubasher: Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) ended Monday’s session at 9,907.62 points, after declining by 0.31% or 30.70 points. The trading value amounted to SAR 8.23 billion through the exchange of 285.6 …
All outstanding orders will be cancelled
12 April 10:53 AM Tadawul announces fluctuation limit for MIS
Riyadh – Mubasher: The Saudi Exchange (Tadawul) said the fluctuation limit for Al Moammar Information Systems Company’s (MIS) stock will be based on a share price of SAR 116.8, according to a statement on Monday. The outstanding orders will be …
Tabuk Agricultural Development Company was TASI's top faller with 4.93%
11 April 04:49 PM TASI closes Sunday in red; NomuC rises
Riyadh – Mubasher: Tadawul All Share Index (TASI) of the Saudi Stock Exchange (Tadawul) ended Sunday at 9,938.32 points, down by 73.81 points or 0.74%. The trading value amounted to SAR 7.6 billion from SAR 8.94 billion on Thursday, while 302.39 …
Central Bank of Egypt - (Photo Archive)
11 April 01:47 PM CBE to introduce instant payment module, soft POS in 2021 - Deputy Governor
By: Marina Gamil Cairo – Mubasher: The Central Bank of Egypt (CBE) will this year launch a full-fledged instant payment module, after finalising regulations, and introduce a soft point of sale (POS) system that allows the use of mobile phones as …
The trading value amounted to SAR 8.94 billion
8 April 05:17 PM TASI closes Thursday down; NomuC in green
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) main index TASI closed Thursday on a marginal decline of 0.02% or 2.17 points at 10,012.13 points. The trading value amounted to SAR 8.94 billion, compared with SAR 10.5 billion a day …
Sumou’s number of shares will increase by 12.5 million
8 April 04:45 PM Saudi CMA approves for Sumou SAR 125m capital hike
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) gave the green light for Sumou Real Estate Company’s request to increase the capital by SAR 125 million from the retained earnings balance. Sumou aims to raise the capital to SAR 375 …
Ipsos' survey showed the 2020 biggest movers ranking
8 April 02:35 PM Listed firms among top 10 most influential brands in Saudi Arabia
Riyadh – Mubasher: Saudi Telecom Company (stc), Almarai, and Al Rajhi Bank were chosen as the top three most influential local brands in Saudi Arabia during 2020, according to a recent survey by Ipsos. Jarir Bookstore and Etihad Etisalat Company …
Trading value declined to SAR 10.51 billion
7 April 05:19 PM TASI, NomuC end Wednesday in green
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) benchmark index TASI closed Wednesday at 10,014.30 points after gaining 0.25% or 25.2 points, exceeding the 10,000-level mark for the first time in more than six years. Trading value declined …
L'azurde submitted its request to the CMA in December 2020
7 April 04:27 PM L'azurde obtains regulator’s nod for capital increase
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) approved L'Azurde Company for Jewelry’s request to raise the capital by SAR 145 million through a rights issue. The increase will be limited to the shareholders registered at the Security …