Saudi Archives - Page 8 of 8 - International Finance

Saudi Stock Exchange updates on major capital market reforms

International Finance DeskApril 13, 2017

by International Finance DeskApril 13, 2017

Improvements further align Tadawul with international exchange standards, Qualified Foreign Investors (QFIs) gain access to domestic IPO market, Introduction of T+2 settlement cycle to enhance global investor safety and liquidity...

Trading

Saudi Stock Exchange to shift to T+2 cycle

International Finance DeskMarch 27, 2017

by International Finance DeskMarch 27, 2017

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....

Economy

Milltrust appoints SEDCO Capital for its MENA UCITS Fund

International Finance DeskJuly 11, 2016

by International Finance DeskJuly 11, 2016

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...

Economy

Saudi Arabia cuts back its solar target

International Finance DeskJune 28, 2016

by International Finance DeskJune 28, 2016

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...

Economy

World Bank cuts global growth outlook

International Finance DeskJune 9, 2016

by International Finance DeskJune 9, 2016

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...

Finance Wealth Management

Investors finally paying more attention to GCC

International Finance DeskFebruary 11, 2015

by International Finance DeskFebruary 11, 2015

So far, energy rich Middle Eastern countries have built a reputation as a source of funds Joel Kukemelk February 11, 2015: As a Europe-based GCC equity fund manager, we are well-aware of the international investors’ views, questions, hopes and doubts when it comes to investing in the Arabian peninsula. So far, global investors have overlooked...

Fintech

Tough time ahead for oil companies

International Finance DeskJanuary 27, 2015

by International Finance DeskJanuary 27, 2015

While big players are streamlining operations, smaller ones look to get acquired Suparna Goswami Bhattacharya Analysts expect oil price to come down to $43 a barrel in second quarter of 2015 Oil companies look for ways to cut costs Big players go in for layoffs Oil price: No looking up for now January 27, 2015:...

Finance Wealth Management

‘GCC can weather the fall in oil prices’

International Finance DeskJanuary 5, 2015

by International Finance DeskJanuary 5, 2015

Interview with Joel Kukemelk, Fund Manager of LHV Persian Gulf Fund (LHV Asset Management) IFM Correspondent January 5,2015: In which countries does LHV have investment experience? LHV has experience in investing across the world. LHV Asset Management holds the second biggest market share in Estonian mandatory pension fund market, which was launched more than a...