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: December 3, 2014
SAUDI ARABIA. Pearson survey gives snapshot of KSA students' ambitions; Of those surveyed, 71% revealed they are planning to undertake further study and 62% said that they have plans to study abroad.
Posted: December 2, 2014
UAE. Falling oil prices will pose significant challenges to GCC markets, according to a new report by ICAEW. The latest Economic Insight report warns the impact of continued oil price weakness could put considerable pressure on GCC economies and affect real GDP growth, unless they step up diversification efforts.
Posted: December 2, 2014
UAE. Islamic banking assets in six core markets - Qatar, Indonesia, Saudi Arabia, Malaysia, UAE and Turkey - on course to hit US$1.8 rilliont by 2019; Analysis of sentiment on social media shows that customer satisfaction with Islamic banks is mediocre.
Posted: December 2, 2014
KUWAIT. IPO fund raised USD9.6bn in 2014 vs. USD12.4bn in 2008, after averaging USD1.8bn during 2009-13; Decline in oil prices may hinder the growth in IPO market.
Posted: December 1, 2014
SAUDI ARABIA. The ban could be revoked if Deloitte resolves a dispute the regulator didn't specify. The issue relates to Deloitte's audit work for Mohammad Al-Mojil Group (MMG).
Posted: December 1, 2014
UAE. Region's future growth hinges on success of US$2.7 trillion worth of projects.
Posted: November 27, 2014
SAUDI ARABIA. London Court rules in favour of Prince Waleed, affirms Forbes made defamatory accusations.
Posted: November 27, 2014
INTERNATIONAL. OPEC took no action to ease a global oil-supply glut, resisting calls from Venezuela that the group needs to stem the rout in prices. Futures slumped to the lowest level since 2010.
Posted: November 27, 2014
SAUDI ARABIA. Pearson working with Tatweer to deliver training to 500 Master Educators.
Posted: November 27, 2014
EGYPT. Ability to charge online purchases directly to subscribers' phone bills; A unique local ecosystem covering 100% of mobile subscribers in Egypt and Saudi Arabia.
Posted: November 27, 2014
SAUDI ARABIA. Saudi Arabia is experiencing exponential growth in its ports and shipping sectors totaling more than US$30 billion within the government's current five-year plan.
Posted: November 26, 2014
INTERNATIONAL. The "market will stabilize itself," Ali Al-Naimi said. The world's largest oil exporter yesterday failed to agree a plan with Russia, Venezuela and Mexico to curb output.
Posted: November 26, 2014
UAE. "In the final months of 2014, we expect further increases in occupancy rates, with the pleasant weather attracting more tourists, alongside the seasonal increase in events and conferences."
Posted: November 25, 2014
SAUDI ARABIA. Militants who attacked Shiite Muslim worshippers in Saudi Arabia's oil-rich Eastern Province had links to Islamic State, the official Saudi Press Agency said.
Posted: November 25, 2014
BAHRAIN. The "increasingly deregulated and competitive economic environment is facilitating rapid growth in business development within the private sector."

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: December 17, 2014
INTERNATIONAL. Russians don't respond to economic pressure as Westerners do. Sanctions reflect European and American thresholds of pain. They are designed to cause pain that the West could not withstand. Applied to others, the effects may vary.
date:Posted: December 17, 2014
SAUDI ARABIA. In general, the lack of certainty regarding damages means the litigation risk is significantly higher in Saudi Arabia compared with other jurisdictions. In comparison, however, the level of damages awards remains much lower.
date:Posted: December 17, 2014
UAE. CFA Institute's 2015 Global Market Sentiment Survey highlights importance of central bank policies for 2015 market performance, notes concerns about weak developed markets and political instability.
INTERNATIONAL. In this excerpt from Greenspan's appearance at the New Orleans Investment Conference, The Gold Report delves into the role of gold versus fiat currency, why central banks own so much gold if it is truly "a barbarous relic," and the reason China is buying so much gold today.
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