EMerging Equity
GCC
Goldman Sachs Looks To Saudi Arabian Stocks Following Market Opening
Following Saudi Arabia’s opening of its near $600 billion stock market to direct foreign investment, Goldman Sachs — which advises clients on over $1 trillion in investment — has applied to own and trade Saudi Arabian stocks, Bloomberg reports, citing people familiar with the matter. Goldman is seeking a qualified foreign investor permit from the Capital Markets Authority of Saudi Arabia, according … Continue reading
Saudi Arabian Wealth Fund To Invest Up To $10 Billion In Russia
Saudi Arabia has inked a commitment to invest up to $10 billion in Russia, the Russian Direct Investment Fund (RDIF) said on Monday. Russia’s RDIF and the Public Investment Fund (PIF) of Saudi Arabia agreed to create a partnership to invest $10 billion into projects in Russia, RDIF head Kirill Dmitriev told RIA Novosti. Russia’s latest deal with its … Continue reading
Flying Blind: Gulf Subsidies Debate Ignores Regional Realities
By Francis Wilson The ongoing debate over the fairness and transparency of state-owned enterprises (SOEs) in the Middle East intensified in March when three of America’s largest airlines entered the fray. In a 55 page white paper released to the public in April, American, Delta, and United attacked what they believed to be the unfair business … Continue reading
Saudi Arabia: An Emerging Frontier?
By Tanya Rawat Saudi Arabia has a solid economic track record and is taking steps to become more included in global financial markets. This includes the Morgan Stanley Capital International (MSCI) Emerging Markets Index, though the process is still in the early stages and some challenges remain. Saudi Arabia opened its markets to international investors on … Continue reading
Saudi Arabia Opens Up $585B Stock Market To Direct Foreign Investment
“Saudi Arabia’s stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices,” The Street reports. “The opening of the Tadawul Saudi Stock Exchange allows companies, particularly those that are not in the oil business, to raise … Continue reading
How The $2 Trillion Islamic Finance Industry Could Be About To Take Off In China
By Nafis Alam and Chew Ging Lee Islamic finance has been growing rapidly across the world in recent years. Today, the operation of Islamic banks and their associated financial institutions has created a trillion-dollar industry and is becoming a crucial mechanism for countries looking to increase their trade with Muslim nations in Asia and the Middle East … Continue reading
Saudi Arabia Likely To Be Classified As An Emerging Market, MSCI Says
The Middle East’s largest economy, Saudi Arabia, will likely be reclassified as an emerging market, The Wall Street Journal (WSJ) reported on Thursday. Saudi Arabia’s $590 billion stock market will likely be reclassified as an emerging market following the opening of its stock market to foreign investors in June, the WSJ said, citing global index provider MSCI. The … Continue reading
MENA Oil Exporters Need Swift Adjustment To Lower Prices, IMF Says
The Middle East and North Africa (MENA) region is experiencing a modest economic recovery, despite the sharp drop in oil prices and deepening conflicts, the IMF says in its latest regional assessment. The Regional Economic Outlook Update, released on May 5, projects that growth will increase slightly to about 3 percent in 2015 (see table). … Continue reading
What Are The Implications Of The “Saudi Reshuffle”?
By Petr Lvov Now that the initial wave of disputes over the major overhaul of Saudi government that occurred on April 29 settled down, one can take a closer look at what these changes can actually mean for the future of the region. As you must already know, early in the morning on April 29 Saudi … Continue reading
War On Yemen: Where Oil And Geopolitics Mix – OpEd
By Mahdi Darius Nazemroaya Everything about the war on Yemen is a smokescreen. Concealed behind the smoke is a tale of geopolitics and petro-politics that aims to control the Bab-el-Mandeb Strait and the Gulf of Aden. The House of Saud and a military coalition that consists mostly of anachronistic monarchies are claiming to bomb Yemen as … Continue reading
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