International Finance

Tag : Saudi


Saudi Stock Exchange to shift to T+2 cycle

Tadawul announces effective date for amending the settlement cycle of listed securities The Saudi Stock Exchange ‘Tadawul’ announces amending the settlement cycle of listed securities to (T+2) starting from Sunday 23rd of April 2017. This step comes after completing all necessary pilot phases to ensure full technical and functional readiness and connectivity with market participants....

Milltrust appoints SEDCO Capital for its MENA UCITS Fund

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...

Saudi Arabia cuts back its solar target

No concrete reason given; wants to concentrate on gas Suparna Goswami Bhattacharya June 28, 2016: In a move that has surprised many, Saudi Arabia has scaled back its renewable power targets as the world’s largest producer of oil plans to use more natural gas, backing away from goals set when crude prices were about triple...

World Bank cuts global growth outlook

Move prompted by low commodity prices and sluggish growth in advanced economies IFM Correspondent June 9, 2016: The World Bank has downgraded its 2016 global growth forecast to 2.4 percent from 2.9 percent, which was projected in January. The move was prompted by sluggish growth in advanced economies, low commodity prices, weak global growth and...