Riyadh – Mubasher: Fitch Ratings has placed Saudi Real Estate Refinance Company (SRC) a long-term issuer default rating (IDR) of 'A', with negative outlook. As for the company’s operating performance, Fitch expected SRC's capitalisation to remain …
Mubasher: The International Monetary Fund (IMF) has upgraded its outlook for the real gross domestic product (GDP) growth in the MENA region to 4% in 2021, compared to its October projection of 3.2%. The real GDP growth of the GCC countries is …
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 …
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 …
Riyadh – Mubasher: Saudi Arabia’s Wholesale Price Index (WPI) for March 2021 rose 8.7% year-on-year (YoY), according to the Saudi General Authority for Statistics (GaStat). The WPI was also higher by 0.8% compared with its 7.3% reading for …
Riyadh – Mubasher: The consumer price index (CPI) of Saudi Arabia registered a 4.9% increase in March 2021 up from the same month last year, official data showed on Thursday. The inflation rate eased compared with its 5.2% reading in February and …
Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company obtained on 13 April the Saudi Central Bank’s (SAMA) approval to increase the capital by SAR 81 million, according to a disclosure to Tadawul on Wednesday. Saudi Re will raise the …
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 …
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 …
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 …
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 …
Riyadh – Mubasher: The Saudi Ministry of Finance initiated an e-portal for individual services through a mobile application, the Saudi Press Agency reported on Sunday. Registration will be carried out through the National Unified Access. The …
Riyadh – Mubasher: The International Air Transport Association (IATA) has reelected the Saudi Academy of Civil Aviation as an accredited international training center (ATC), the Saudi Press Agency reported on Sunday. IATA’s accreditation will …
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 …
Riyadh – Mubasher: The Saudi Central Bank (SAMA) approved Arabian Shield Cooperative Insurance Company's request to increase its capital to SAR 400 million from SAR 300 million through issuing bonus shares, according to a disclosure to Tadawul on …
Riyadh – Mubasher: The Saudi Minister of Finance and Acting Minister of Economy and Planning, Mohammed Al Jadaan, and Fahd Al Mubarak, the Governor of the Saudi Central Bank (SAMA) participated in the second G20 Finance Ministers and Central Bank …
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 …
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 …
Riyadh – Mubasher: Saudi Arabia’s economic recovery is likely to be positive this year, Reuters cited Governor of the Saudi Central Bank (SAMA) Fahad Al Mubarak as saying. The official partially attributed the outlook to rebounding oil prices, …
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company received the Saudi Central Bank’s (SAMA) approval to increase the capital by SAR 100 million from the retained earnings balance, according to a disclosure to Tadawul on Thursday. The …
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 …
Riyadh – Mubasher: The Future Investment Initiative invested in Lilium under a strategy that aims to develop and leverage sustainable and environment-friendly alternatives for traditional combustion engines in the air travel industry, Saudi Press …
Riyadh – Mubasher: The International Monetary Fund (IMF) revised its economic outlook for Saudi Arabia, expecting 2.9% growth in 2021 instead of the 2.6% projected earlier this year, according to the World Economic Outlook report. The IMF kept its …
UAE - Mubasher: The UAE consumers are increasing their e-commerce footprints, registering a 21% annual growth in purchases from online shops to top several global markets such as the US and Canada, according to Mastercard’s “Recovery Insights: …
Riyadh – Mubasher: Tabuk Fisheries, an associate of Jazan Energy and Development Company (Jazadco), signed on 6 April a memorandum of understanding (MoU) with NEOM Company to set up the largest fish farm in the MENA region. Jazadco said the …
