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: 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."
Posted: November 24, 2014
SAUDI ARABIA. Western region produces 50% of Kingdom's petrochemical and plastic products; Saudi Plastics and Petrochem 2015 trade fair offers platform to showcase latest technologies, products and services.
Posted: November 24, 2014
INTERNATIONAL. An underlying growth in global supply capacity, which is significantly outstripping demand, may mean that the world has now passed the peak price for oil, a new report commissioned by Gaffney, Cline and Associates (GCA) suggests.
Posted: November 22, 2014
INTERNATIONAL. U.S. Secretary of State John Kerry and his Iranian counterpart Mohammad Javad Zarif yesterday reversed plans to leave the Austrian capital for briefings with allies and national leaders.
Posted: November 20, 2014
INTERNATIONAL. There is a high degree of uncertainty over how the Iranian negotiations and the OPEC meeting will play out, but the end of November will be hugely important for energy markets.
Posted: November 20, 2014
INTERNATIONAL. Both countries posted freedom scores of 8.1, according to the annual Economic Freedom of the Arab World report published by the Fraser Institute. Bahrain dropped from first place last year to third place and a score of 8.0 in this year's report, which is based on 2012 data, the most recent available.
Posted: November 19, 2014
INTERNATIONAL. Market debates if Saudis will no longer defend oil prices; Private briefings, long Naimi silence puzzle OPEC experts; Conspiracy theories abound about what Riyadh is up to.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date: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."
date:Posted: November 25, 2014
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
date:Posted: November 25, 2014
BAHRAIN. The "increasingly deregulated and competitive economic environment is facilitating rapid growth in business development within the private sector."
UAE. An advisory body to the UAE government has suggested that the central bank review the country's currency peg to the U.S. dollar, but local bankers said any change to the peg remained very unlikely for the foreseeable future.
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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