Mubasher: The United Arab Emirates Minister of Energy, Suhail Al Mazroui, told Reutuers on Friday that he hopes global supplies will start tightening in the second half of the year when demand picks up. "We have seen healthy demand and a …
Mubasher: A meeting will be held on Monday in Saint Petersburg, Russia, as members of the Organization of the Petroleum Exporting Countries (OPEC) alongside non-OPEC major producers will assess conformity with a recent output cut resolution. Oil …
Mubasher: The International Monetary Fund (IMF) announced on Thursday that it has approved in principle a loan of EUR 1.6 billion ($1.8 billion) for Greece, according to a press release. The agreement will only become effective after the IMF …
Riyadh – Mubasher: The Saudi Commission for Tourism and National Heritage (SCTH) on Thursday announced that tourism’s investments achieved more than SAR 151 billion by the end of 2016. The domestic tourism trips rose 2.3% to 47.5 million trips …
Riyadh – Mubasher: Herfy Food Services Co. on Thursday signed a credit facilities agreement (Islamic Murabaha) with Al Rajhi Bank at a value of SAR 110 million. The six-year facilities are effective Thursday, 20 July until 19 July 2023, according …
Riyadh – Mubasher: Saudi Arabia General Authority for Statistics (GASTAT) announced that the wholesale price index in the kingdom decreased by 1.7% in June 2017 year-on-year. Month-on-month, the wholesale price index rose slightly 0.6% to 101.1 …
Riyadh – Mubasher: Bloomberg on Wednesday announced that Credit Suisse Group AG planned to expand in Saudi Arabia. “The Zurich-based bank established a platform allowing it to offer private banking services and products in the country, according …
Riyadh – Mubasher: The Saudi General Authority of Civil Aviation (GACA) on Wednesday announced the lifting of the ban on carrying electronic equipment on Saudi flights to the US effective Wednesday, 19 July. The US Department of Transportation has …
Riyadh – Mubasher: Capital Economics said that the deflation in Saudi Arabia may not last for a longer time, after it posted a decline in June for the sixth month in a row. The inflation is expected to post a positive trend in the coming six …
Riyadh – Mubasher: The consumer price index (CPI) in Saudi Arabia edged down by 0.4% in June 2017 compared to the same month in 2016, keeping the deflationary trend for the sixth month in a row. On an annual basis, the Kingdom’s deflation went up …
Riyadh – Mubasher: Saudi Arabia and the UAE owned a combined 110 million barrels of crude oil at the end May in Japan's semi-national reserves, Reuters reported on Tuesday, citing data released by the Agency for Natural Resources and Energy. …
Riyadh – Mubasher: Al Rajhi Capital said that the financial statements of Yanbu National Petrochemicals (Yansab) in the past two quarters registered a weak performance; however, the company is expected to revive in the current time. The research …
Riyadh - Mubasher: US-based JLL on Monday released its report on the real estate market in Riyadh, Saudi Arabia, for the second quarter of 2017, where it assessed the most up-to date trends in the residential, retail, office and hotels sectors. …
Riyadh - Mubasher: The Capital Market Authority (CMA) has approved Musharaka Capital’s request to offer, register, and list "Musharaka REIT" units on the Saudi Stock Exchange (Tadawul) as a real estate investment traded fund. The CMA noted that …
Abu Dhabi – Mubasher: The issue with Qatar needs international monitoring, Anwar Gargash, the UAE’s minister of state for foreign affairs, told Reuters in a speech to be delivered on Monday in London. "We need a regional solution and international …
Riyadh – Mubasher: Saudi Arabian Oil Co, globally known as Saudi Aramco, has announced receiving government approval to establish two new companies that will be responsible for the development and operation of a new industrial city in Saudi …
Riyadh – Mubasher: Al Rajhi Capital expects a healthy run rate in Jarir Marketing’s current environment which is backed by market share gains in the company’s mobiles and electronics segment, according to a recent report. Al Rajhi forecasts this …
Kuwait - Mubasher: The price of Kuwaiti oil increased 86 cents on Friday, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude oil registered $45.38 per barrel (pb) Friday up from $44.52 pb on Thursday, as reported by the Kuwait News …
Mubasher: The UAE led the list of the countries that implement infrastructure projects with $427 billion, according to a report by Business Monitor International (BMI). Saudi Arabia ranked second with a value of $328 billion, while Egypt ranked …
Mubasher: Riyad REIT Fund has completed an acquisition deal of a property in Riyadh for SAR 136.62 million ($36.43 million), which was financed through a Sharia-complaint bank loan. The commercial part of the property has an occupancy rate of …
Riyadh – Mubasher: Saudi Arabia would receive an average of $8.2 billion ($30.75 billion) per year as additional revenue from domestic sales and exports in the fluctuating price of crude oil. The Kingdom would also receive $5 billion ($18.8 …
Riyadh – Mubasher: Saudi Arabia plans to decrease crude oil shipments by more than 600,000 barrels per day (bpd) in August, Reuters on Wednesday reported, citing a Saudi industry source as saying. The Kingdom’s oil reduction comes in line with …
Riyadh – Mubasher: Saudi Arabia’s production of crude oil rose in June to 10.07 million barrels per day (bpd) due to the growth in domestic consumption during the summer, Reuters reported on Tuesday, citing a source as saying. The amount of crude …
Riyadh- Mubasher: Saudi Aramco will meet the demands of crude oil buyers in India and southeast Asia in August, Reuters reported, citing two sources familiar with the matter. The Saudi company will not cut supplies, even for heavier grades such as …
Riyadh – Mubasher: Egypt's minister of tourism Yehia Rashed announced that Saudi businessmen invested SAR 1 billion ($4.8 billion) in 17 existing and underway projects, according to a Saudi national newspaper on Tuesday. Rashed expected tourism …
