Thursday, Nov 21, 2024

International Finance

Tag : Saudi Arabia

Economy

Oil price down cycle ‘nearing end’: Saudi minister

International Finance Desk
by International Finance Desk
“Market fundamentals, in terms of supply and demand, have begun to improve” IFM Correspondent October 26, 2016: Speaking at the World Energy Congress in Istanbul, Turkey, Saudi Arabia’s Energy Minister Khalid al-Falih said that as market fundamentals improve, the current down cycle of crude prices is close to an end. Oil prices are currently hovering...
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Economy

Saudi Arabia launches sale of international bonds

International Finance Desk
by International Finance Desk
Seeks to raise up to $15 billion IFM Correspondent October 19, 2016: Saudi Arabia has officially launched its first international bond sale. The move comes as the Kingdom looks to debt markets to help ease its cash squeeze as a result of the two-year oil price slump. The low oil price has led to a...
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Economy

Saudi, Russia to work together on oil prices

International Finance Desk
by International Finance Desk
Price of oil jumps 5% September 6, 2016: The price of oil jumped by 5% after Russia and Saudi Arabia discussed ways to stabilise oil prices on the sidelines of the G20 summit in China. Both countries said they will not act immediately but could limit output in the future. The joint statement was signed...
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Economy

UAE leads Arab countries in 2016 Global Innovation Index

International Finance Desk
by International Finance Desk
UAE ascends six places to 41 globally August 16, 2016: The UAE showed a significant improvement in its innovation standing on the 2016 Global Innovation. The UAE ranked first among Arab countries and 41st worldwide in terms of overall performance on the index, up from second in the Arab World and 47th globally in 2015....
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Economy

Saudi Arabia mulling over income tax on expats

International Finance Desk
by International Finance Desk
However, economists do not think the plan will see the light of the day Suparna Goswami Bhattacharya July 15, 2016: With an eye on increasing its non-oil revenue, Saudi Arabia is considering a plan to tax millions of expats residing in the Kingdom. The proposal was included in the country’s National Transformation Plan (NTP), an...
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Economy

Milltrust appoints SEDCO Capital for its MENA UCITS Fund

International Finance Desk
by International Finance Desk
Fund aims to achieve returns for international institutional investors July 11, 2016: Milltrust International, an emerging-markets-focused asset manager has awarded SEDCO Capital, a leading global asset management firm based in Saudi Arabia, with the mandate to manage the Milltrust SEDCO MENA Fund. The Fund aims to achieve long term returns for international institutional investors by investing...
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Economy

Saudi is having a bearish impact on oil prices

International Finance Desk
by International Finance Desk
Kinan Khadam-Al-Jame Is defending market share and simultaneously ushering changes at home to avoid political unrest May 27, 2016: Historically, kings of Saudi Arabia don’t accede the throne until late in life. However the current ruler, King Salman Al-Saud has upset the established formula of ‘rule by elder’ by giving unprecedented power to his son...
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Economy

Saudi Arabia gets its first women business park

International Finance Desk
by International Finance Desk
Aim is to create 21,000 jobs by 2025 IFM Correspondent May 18, 2016: With the aim of encouraging women to come forward and contribute to the Kingdom’s growth, Saudi Arabia has launched its first women’s business park in Riyadh. The park is expected to create about 21,000 jobs by 2025. It will serve as an...
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Economy

Saudi announces Vision 2030 to transform its economy

International Finance Desk
by International Finance Desk
The aim is to make a smooth transition away from dependency on oil revenue Suparna Goswami Bhattacharya May 13, 2016: With oil price continuing to show no signs of improvement, it is no secret that oil dependant nations have to think of alternatives to run their economy. The Kingdom of Saudi Arabia recently announced a...
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