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Saudi Arabia

FEATURED REPORT...
Posted: 03-08-2011
SAUDI ARABIA. CB Richard Ellis released today the latest MarketView for the Kingdom of Saudi Arabia. OVERVIEWKing Abdullah’s recent pledge to spend 30% of the Kingdom’s annual economic output (approximately US$130 billion) on mass housing, job creation and training, unemployment benefits and a raft of other social and economic measures has been welcomed with great enthusiasm. However, as the supply and demand gap continues to widen in the housing sector, affordability remains the key deterrent for home ownership amongst Saudi nationals. Saudi Arabia has the largest re
Posted: August 28, 2015
BAHRAIN. MedGulf Bahrain, parent to the MedGulf group, has reported significant first-half 2015 losses at its Saudi Arabian affiliate, MedGulf KSA, causing earnings at the MedGulf KSA and group level to fall below S&P's expectations.
Posted: August 25, 2015
INTERNATIONAL. OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of US$100+/bbl oil.
Posted: August 25, 2015
SAUDI ARABIA. Death sentences imposed after unfair trials lacking basic safeguards; At least 102 executed in first six months of 2015 compared to 90 in all of 2014; Average of one person executed every two days, most by beheading.
Posted: August 24, 2015
UAE. More than any other region, companies in the Middle East began looking for opportunities in new markets in the last three months. 43% of them took this approach, while over half of firms (53%) sought ways of reducing costs during this difficult period.
Posted: August 18, 2015
UAE. GCC governments understands the urgent need for fiscal-sustainability in the long-term. This urgency, according to Deloitte's latest report, would be addressed if GCC governments could commit to the domestic implementation of a broad-based Value Added Tax on goods and services.
Posted: August 16, 2015
SAUDI ARABIA. The initial launch period of the fund will be from 16 August 2015 to 10 September 2015, and investors can invest with a minimum initial subscription amount of SAR 5,000. The fund will have bi-weekly valuations.
Posted: August 15, 2015
INTERNATIONAL.The Saudi miscalculation has several sources. One is the negative feedback loop between oil production, GDP, and national budgets that plagues many non-Western oil producers. As a result, the revenue shortfalls incentivize them to produce as much oil as possible to mitigate the shortfall.
Posted: August 14, 2015
INTERNATIONAL. Thanks to its generous public spending and a costly war in Yemen, one of the major worries for Saudi Arabia is that it is burning through its foreign reserves at an alarming pace. According to the IMF, Saudi Arabia's fiscal deficit could rise to around $140 billion by this year end.
Posted: August 13, 2015
INTERNATIONAL. Monthly output up 120,000 b/d from June; Saudi Arabia supply climbed 100,000 b/d to 10.45 million; Angola, UAE and Iran increased by 50,000, 30,000 and 20,000 b/d.
Posted: August 13, 2015
UAE. Carmudi finds the average age of vehicles in the Middle East is 5.1 years, 3.8 years in Saudi Arabia and 5.2 years in the UAE.
Posted: August 12, 2015
UAE. Saudi Arabia and the UAE both witnessed the largest number of deals in 1H 2015, while Algeria led in terms of value.
Posted: August 12, 2015
UAE. Islamic banks in the gulf ended 2014 with healthy balance-sheet growth and improving bottom line results but lower net income growth is on the cards in 2015-2016, although we still believe the long-term supportive factors remain unchanged, says S&P report.
Posted: August 12, 2015
UAE. Transborder rail transport in the Arabian Peninsula dates back to the early 20th century and the Hejaz Railway which linked Damascus in Syria to Medina in Saudi Arabia; Over a century following its closure, the GCC is now embarking on one of the largest modern cross-border rail networks in the world.
Posted: August 12, 2015
INTERNATIONAL. World Bank report projects lower export earnings and revenue for MENA's other oil exporters, such as the Gulf States and Libya, while oil importers in the region, such as Egypt and Tunisia, will benefit from lower world prices.
Posted: August 11, 2015
UAE. Egypt leads the region with 5 IPOs in H1, followed by Saudi Arabia with 3; Saudi Ground Services was the largest IPO in H1; 9 MENA IPOs in Q2 2015 raising over US$2.1 billion.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 28, 2015
INTERNATIONAL. Suspected anchors on the gold price, such as an interest rate increase and devaluation of the yuan, could actually be a rallying cry for commodities, he says in this interview with The Gold Report.
date:Posted: August 28, 2015
INTERNATIONAL. The Turkish Football Federation in a demonstration of the inseparable ties between sports and politics, has effectively declared its support for renewed Turkish-Kurdish hostilities.
date:Posted: August 28, 2015
INTERNATIONAL. "Now, that multi-trillion-dollar money-pumping bubble, which overinflated equity markets, is quickly deflating. And so, too, are the economies and commodities pumped up with it."
INTERNATIONAL. Leaving them to their own devices is no longer a viable option as the continuation of the conflict is hazardous and potentially explosive. The resumption of bilateral peace negotiations with US mediation alone will not succeed any more than the Obama administration's two previous efforts.
INTERNATIONAL. Suspected anchors on the gold price, such as an interest rate increase and devaluation of the yuan, could actually be a rallying cry for commodities, he says in this interview with The Gold Report.
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