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: April 11, 2014
INTERNATIONAL. Down 550,000 barrels per day from February on Saudi, Iraqi and Libyan cuts, according to the latest Platts survey of OPEC and oil industry officials and analysts.
Posted: April 11, 2014
SAUDI ARABIA. One-third of the debt is owed to Saudi banks including Al-Rajhi Bank and National Commercial Bank, a third to other Middle Eastern lenders and the rest to global banks.
Posted: April 10, 2014
SAUDI ARABIA. "A Step Ahead" is a program designed to expose Saudi woment to new job opportunities. It targets especially postgraduate students or fresh graduates by encouraging them to become active members of the Saudi workforce.
Posted: April 9, 2014
SAUDI ARABIA. Public offering of National Commercial Bank, the kingdom's largest lender, is expected imminently; Largest share sale in Saudi Arabia in at least 12 years.
Posted: April 9, 2014
SAUDI ARABIA. Six gas turbines, three steam turbines and nine generators; Components for Rabigh 2 IPP to deliver 2,060 MW of generating capacity; Order value approximately US$590 million including service agreement.
Posted: April 9, 2014
SAUDI ARABIA. SABIC remains committed to China and Asia as a partner for sustainable development and inclusive growth; further its investment in this region.
Posted: April 9, 2014
INTERNATIONAL. But despite an expected drop in their current account surpluses, most Gulf Cooperation Council economies continue to have "substantial buffers" to cope with short-lived price shocks, the IMF said in its World Economic Outlook
Posted: April 9, 2014
UAE. Leapfrogging the traditional expansion models, airports in emerging markets are setting a benchmark in the world for airport infrastructure by offering a complete package.
Posted: April 8, 2014
UAE. A recent study by The Boston Consulting Group shows that Middle East banking revenues increased by 10.7% in 2013, whilst profits were up by 10.3%; At an aggregate level, provisions for bad loans grew slightly again, by 2.5%.
Posted: April 2, 2014
SAUDI ARABIA. It is no longer the higher cost of risk but the prospect of further compression in net interest margins--as rising rates loom in the U.S.--that's pushing banks to squeeze higher profits from their balance sheet.
Posted: April 2, 2014
SAUDI ARABIA. Publishing and consultancy firm signs Memorandum of Understanding with Deutsche Securities Saudi Arabia for its forthcoming report.
Posted: March 31, 2014
INTERNATIONAL.The Gulf States' rising trade and investment links with emerging Asian markets increase their economic dependence on global growth and exposure to foreign shocks, say Standard & Poor's economists in a report published today.
Posted: March 31, 2014
SAUDI ARABIA. The event, designed for CEOs, CFOs, bankers, financial intermediaries and institutional investors, takes place in Riyadh on 1 April, 2014.
Posted: March 31, 2014
SAUDI ARABIA. The Saudi Arabian company, with interests ranging from construction to finance, will "outline proposals aimed at achieving a comprehensive settlement" with more than 70 creditors at a May 7 meeting in Dubai.
Posted: March 30, 2014
INTERNATIONAL. Friday's two-hour exchange at King Abdullah's desert camp did not yield a shared statement or any evidence of policy changes, leading some Saudis to question whether differences over Syria's war or Iran's nuclear programme were closer to being resolved.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
SAUDI ARABIA. The GCC said in a statement that foreign ministers of the six-member body had met in Riyadh for a comprehensive review of measures used to implement foreign and security policies.
INTERNATIONAL. It's now up to the new government to get real shale development in motion, and for Turkey to face up to its own strategic realities and join forces with Ukraine to harness LNG potential.
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