Thursday, Nov 21, 2024

International Finance

Tag : Saudi Arabia

Business Leaders

Saudi oil minister removed after 20 years in the job

International Finance Desk
by International Finance Desk
He has been replaced by Khaled al-Falih, who heads Saudi Aramco IFM Correspondent May 12, 2016: After announcing reforms to overhaul the economy in April, Mohammed bin Salman, the deputy Crown Prince of Saudi Arabia announced a government shake-up. The Prince announced the removal of veteran oil minister Ali al-Naimi. He has been removed after 20...
Read more
Economy

Will falling oil prices drive global economy into a crisis?

International Finance Desk
by International Finance Desk
An analysis by the Corporates & Markets division of Commerzbank AG February 8, 2016: If the oil price slumps, the stock prices plunge: Cheaper oil is clearly now regarded as negative, unlike in earlier times. We assess whether the economic correlations have really changed. Our analysis shows that a falling oil price is not always an...
Read more
Economy

Saudi looks to austerity measures to cut losses

International Finance Desk
by International Finance Desk
Government is seeking advice from experts on downsizing budget Suparna Goswami Bhattacharya January 25, 2016: Saudi Arabia has reveled in its oil-rich economy for years, but is finally feeling the pressure of falling oil prices. So much that the government is considering austerity measures. There are enough reasons to think about austerity, especially since the...
Read more
FinanceIslamic Banking

The global route for Islamic banks

International Finance Desk
by International Finance Desk
Revamping IT architecture will be transformative for Islamic banks in 2016 Hans Tesselaar January 22, 2016: One of the fastest growing divisions of the international finance industry today is Islamic banking. The industry, mostly hailing from the Middle East, is estimated to value in excess of $1.48 trillion. Look ahead further into 2016 and we...
Read more
Economy

Saudi Arabia cuts diplomatic ties with Iran

International Finance Desk
by International Finance Desk
Says Iran has a history of violating diplomatic missions in its country January 5, 2016:  Saudi Foreign Minister Adel bin Ahmed Al-Jubeir announced that Saudi Arabia is severing ties with Iran after the embassy attack in Tehran. During a press conference this evening in Riyadh, the foreign minister said that Iranian diplomats and staff have been given 48 hours to leave the Kingdom. Minister Al-Jubeir...
Read more
Economy

Challenges of Saudisation

International Finance Desk
by International Finance Desk
To meet demand from industries, the Saudi government is opening colleges and universities to foster skill development among its youth Suparna Goswami Bhattacharya July 13, 2015: For decades now, Saudi Arabia has managed to attract talented expats from around the world. The region, in fact, became a favourite destination for those looking to work outside...
Read more
Economy

Saudi Arabia moving away from oil

International Finance Desk
by International Finance Desk
The Saudi government is making all efforts possible to increase share of the manufacturing industry Suparna Goswami Bhattacharya January 27, 2015: One does not really associate names like Jaguar Land Rover, a British automotive company; or Mars, an American confectioner, with Saudi Arabia. For years, Saudi Arabia has become synonymous with oil. And it is...
Read more
Business Leaders

‘Growth in insurance will come from the dynamic demographics of Saudi Arabia’

International Finance Desk
by International Finance Desk
Adrian Flowers, CEO of SABB Takaful, discusses the insurance market in Saudi Arabia with Team IFM. August 5, 2014:SABB Takaful is a leading and trusted Islamic Insurance provider in Saudi Arabia, operating according to the principles of Shariah. All its products are reviewed and approved by its Shariah committee before being made available to customers....
Read more