OPEC Partly Pushes Back Against Reports of Saudi Output Surge
The Saudis raised output by 173,000 barrels a day last month to an average of 9.356 million a day, according to the cartel's secretariat in Vienna, which usually compiles the number from a range of external media firms and consultants. The figure indicates Riyadh complied with its quota.
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Middle Eastern Penny Stocks To Watch In August 2025
The Middle Eastern markets have recently experienced a downturn, with most Gulf indices falling due to weak earnings and concerns over the U.S. economy. Despite these challenges, there remain opportunities for investors willing to explore smaller or newer companies offering potential growth. While the term "penny stocks" may seem outdated, it still refers to companies that can provide significant value when backed by strong financials and a clear growth trajectory. Top 10 Penny Stocks In The Middle East Name Share Price Market Cap Financial Health Rating Big Tech 50 R&D-Limited Partnership (TASE:BIGT) ₪1.421 ₪15.08M ★★★★★★ Thob Al Aseel (SASE:4012) SAR3.86 SAR1.53B ★★★★★★ Alarum Technologies (TASE:ALAR) ₪4.188 ₪296M ★★★★★★ Mega Polietilen Köpük Sanayi ve Ticaret Anonim Sirketi (IBSE:MEGAP) TRY4.80 TRY1.32B ★★★★★☆ E7 Group PJSC (ADX:E7) AED1.52 AED3.06B ★★★★★★ Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret (IBSE:KATMR) TRY2.70 TRY2.91B ★★★★★☆ Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) AED3.30 AED381.15M ★★★★★★ Dubai Investments PJSC (DFM:DIC) AED2.95 AED12.5B ★★★★☆☆ Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) AED0.816 AED496.34M ★★★★★★ Tgi Infrastructures (TASE:TGI) ₪2.57 ₪191.06M ★★★★★★ Click here to see the full list of 77 stocks from our Middle Eastern Penny Stocks screener. We're going to check out a few of the best picks from our screener tool. Al Waha Capital PJSC Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Al Waha Capital PJSC is a private equity firm managing assets across diverse sectors such as financial services, fintech, healthcare, energy, infrastructure, industrial real estate and capital markets with a market cap of AED2.99 billion. Operations: The company generates revenue from its Private Investments segment, excluding Waha Land, amounting to AED152.39 million. Market Cap: AED2.99B Al Waha Capital PJSC, with a market cap of AED2.99 billion, manages assets across various sectors and has shown a mixed financial performance. While the company has become profitable over the past five years with 30.3% annual earnings growth, recent earnings have declined by 44.3%. Its short-term assets significantly exceed both its short and long-term liabilities, indicating strong liquidity. However, operating cash flow is negative, impacting debt coverage capabilities. Despite a low return on equity of 6.6%, its price-to-earnings ratio suggests potential undervaluation compared to the broader AE market average of 13.3x. Unlock comprehensive insights into our analysis of Al Waha Capital PJSC stock in this financial health report. Learn about Al Waha Capital PJSC's historical performance here. Gencell Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: GenCell Ltd. focuses on developing and producing fuel cell-based energy systems, with a market cap of ₪26.73 million. Operations: The company generates revenue of $9.55 million from its segment dedicated to the development and production of energy systems utilizing fuel cells. Market Cap: ₪26.73M GenCell Ltd., with a market cap of ₪26.73 million, focuses on fuel cell-based energy systems and generates revenue of $9.55 million. Despite being unprofitable, it remains debt-free and has a stable board with an average tenure of 4.7 years. However, the company faces financial challenges with less than a year of cash runway and declining earnings over the past five years at 12.7% annually. Its share price has been highly volatile recently, yet shareholders have not faced significant dilution in the past year, maintaining some stability in ownership structure amidst financial uncertainty. Click to explore a detailed breakdown of our findings in Gencell's financial health report. Gain insights into Gencell's past trends and performance with our report on the company's historical track record. Unicorn Technologies - Limited Partnership Simply Wall St Financial Health Rating: ★★★★★★ Overview: Unicorn Technologies - Limited Partnership, based in Tel Aviv, Israel, operates as a principal investment firm with a market cap of ₪10.89 million. Operations: Unicorn Technologies - Limited Partnership has not reported any revenue segments. Market Cap: ₪10.89M Unicorn Technologies - Limited Partnership, with a market cap of ₪10.89 million, is pre-revenue and debt-free, offering a cash runway exceeding three years based on current free cash flow trends. Despite this financial cushion, the company struggles with profitability as its return on equity stands at -16.89%. Its board is experienced with an average tenure of 5.6 years; however, management's experience remains unclear. The stock has shown high volatility over the past three months but has not undergone significant shareholder dilution recently. A Special Shareholders Meeting is scheduled for June 24, 2025. Navigate through the intricacies of Unicorn Technologies - Limited Partnership with our comprehensive balance sheet health report here. Gain insights into Unicorn Technologies - Limited Partnership's historical outcomes by reviewing our past performance report. Make It Happen Embark on your investment journey to our 77 Middle Eastern Penny Stocks selection here. Want To Explore Some Alternatives? These 18 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:WAHA TASE:GNCL and TASE:UNCT. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Middle Eastern Penny Stocks To Watch In August 2025
The Middle Eastern markets have recently experienced a downturn, with most Gulf indices falling due to weak earnings and concerns over the U.S. economy. Despite these challenges, there remain opportunities for investors willing to explore smaller or newer companies offering potential growth. While the term "penny stocks" may seem outdated, it still refers to companies that can provide significant value when backed by strong financials and a clear growth trajectory. Top 10 Penny Stocks In The Middle East Name Share Price Market Cap Financial Health Rating Big Tech 50 R&D-Limited Partnership (TASE:BIGT) ₪1.421 ₪15.08M ★★★★★★ Thob Al Aseel (SASE:4012) SAR3.86 SAR1.53B ★★★★★★ Alarum Technologies (TASE:ALAR) ₪4.188 ₪296M ★★★★★★ Mega Polietilen Köpük Sanayi ve Ticaret Anonim Sirketi (IBSE:MEGAP) TRY4.80 TRY1.32B ★★★★★☆ E7 Group PJSC (ADX:E7) AED1.52 AED3.06B ★★★★★★ Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret (IBSE:KATMR) TRY2.70 TRY2.91B ★★★★★☆ Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) AED3.30 AED381.15M ★★★★★★ Dubai Investments PJSC (DFM:DIC) AED2.95 AED12.5B ★★★★☆☆ Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) AED0.816 AED496.34M ★★★★★★ Tgi Infrastructures (TASE:TGI) ₪2.57 ₪191.06M ★★★★★★ Click here to see the full list of 77 stocks from our Middle Eastern Penny Stocks screener. We're going to check out a few of the best picks from our screener tool. Al Waha Capital PJSC Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Al Waha Capital PJSC is a private equity firm managing assets across diverse sectors such as financial services, fintech, healthcare, energy, infrastructure, industrial real estate and capital markets with a market cap of AED2.99 billion. Operations: The company generates revenue from its Private Investments segment, excluding Waha Land, amounting to AED152.39 million. Market Cap: AED2.99B Al Waha Capital PJSC, with a market cap of AED2.99 billion, manages assets across various sectors and has shown a mixed financial performance. While the company has become profitable over the past five years with 30.3% annual earnings growth, recent earnings have declined by 44.3%. Its short-term assets significantly exceed both its short and long-term liabilities, indicating strong liquidity. However, operating cash flow is negative, impacting debt coverage capabilities. Despite a low return on equity of 6.6%, its price-to-earnings ratio suggests potential undervaluation compared to the broader AE market average of 13.3x. Unlock comprehensive insights into our analysis of Al Waha Capital PJSC stock in this financial health report. Learn about Al Waha Capital PJSC's historical performance here. Gencell Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: GenCell Ltd. focuses on developing and producing fuel cell-based energy systems, with a market cap of ₪26.73 million. Operations: The company generates revenue of $9.55 million from its segment dedicated to the development and production of energy systems utilizing fuel cells. Market Cap: ₪26.73M GenCell Ltd., with a market cap of ₪26.73 million, focuses on fuel cell-based energy systems and generates revenue of $9.55 million. Despite being unprofitable, it remains debt-free and has a stable board with an average tenure of 4.7 years. However, the company faces financial challenges with less than a year of cash runway and declining earnings over the past five years at 12.7% annually. Its share price has been highly volatile recently, yet shareholders have not faced significant dilution in the past year, maintaining some stability in ownership structure amidst financial uncertainty. Click to explore a detailed breakdown of our findings in Gencell's financial health report. Gain insights into Gencell's past trends and performance with our report on the company's historical track record. Unicorn Technologies - Limited Partnership Simply Wall St Financial Health Rating: ★★★★★★ Overview: Unicorn Technologies - Limited Partnership, based in Tel Aviv, Israel, operates as a principal investment firm with a market cap of ₪10.89 million. Operations: Unicorn Technologies - Limited Partnership has not reported any revenue segments. Market Cap: ₪10.89M Unicorn Technologies - Limited Partnership, with a market cap of ₪10.89 million, is pre-revenue and debt-free, offering a cash runway exceeding three years based on current free cash flow trends. Despite this financial cushion, the company struggles with profitability as its return on equity stands at -16.89%. Its board is experienced with an average tenure of 5.6 years; however, management's experience remains unclear. The stock has shown high volatility over the past three months but has not undergone significant shareholder dilution recently. A Special Shareholders Meeting is scheduled for June 24, 2025. Navigate through the intricacies of Unicorn Technologies - Limited Partnership with our comprehensive balance sheet health report here. Gain insights into Unicorn Technologies - Limited Partnership's historical outcomes by reviewing our past performance report. Make It Happen Embark on your investment journey to our 77 Middle Eastern Penny Stocks selection here. Want To Explore Some Alternatives? These 18 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:WAHA TASE:GNCL and TASE:UNCT. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
an hour ago
- CNBC
Oil slips as OPEC+ proceeds with September output hike
Oil prices extended declines on Monday after OPEC+ agreed to another large production hike in September, with concerns about a slowing economy in the U.S., the world's biggest oil user, adding to the pressure. Brent crude futures fell 40 cents, or 0.57%, to $69.27 a barrel by 0115 GMT while U.S. West Texas Intermediate crude was at $66.96 a barrel, down 37 cents, or 0.55%, after both contracts closed about $2 a barrel lower on Friday. The Organization of the Petroleum Exporting Countries and their allies, known as OPEC+, agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, citing a healthy economy and low stockpiles as reasons behind its decision. The move, in line with market expectations, marks a full and early reversal of OPEC+'s largest tranche of output cuts, plus a separate increase in output for the United Arab Emirates, amounting to about 2.5 million bpd, or about 2.4% of world demand. Analysts at Goldman Sachs expect that the actual increase in supply from the eight OPEC+ countries that have raised output since March will be 1.7 million bpd, or about 2/3 of what has been announced, because other members of the group have cut output after previously overproducing. "While OPEC+ policy remains flexible and the geopolitical outlook uncertain, we assume that OPEC+ keeps required production unchanged after September," they said in a note, adding that solid growth in non-OPEC output would likely leave little room for extra OPEC+ barrels. RBC Capital Markets analyst Helima Croft said: "The bet that the market could absorb the additional barrels seems to have paid off for the holders of spare capacity this summer, with prices not that far off from pre-tariff Liberation Day levels." Still, investors remain wary of further U.S. sanctions on Iran and Russia that could disrupt supplies. U.S. President Trump has threatened to impose 100% secondary tariffs on Russian crude buyers as he seeks to pressure Russia into halting its war in Ukraine. At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said on Friday, and LSEG trade flows showed. However, two Indian government sources told Reuters on Saturday the country will keep purchasing oil from Russia despite Trump's threats. Concerns about U.S. tariffs impacting global economic growth and fuel consumption are also hanging over the market, especially after U.S. economic data on jobs growth on Friday was below expectations. U.S. Trade Representative Jamieson Greer said on Sunday that the tariffs imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations.
