Showing results for "2 march"

In KSA’s year of transformation, it is a case of ‘so far, so good’

  • At the time of the Saudi budget statement back in December, I wrote here that the 2017 fiscal plans were a sign the country was on “the right track toward economic diversification and transformation.” The National Transformation Plan 2020 and Vision 2030 strategy — for which this year is cruc...
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China is welcome in Saudi Arabia, but speculations of buying Aramco are far-fetched 

  • DUBAI: Commercial ties between Saudi Arabia and China have become vitally important for both countries since the visit by Chinese president Xi Jinping in January 2016 that signalled a new era in bilateral relations. ...
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This time, the Gulf IPO wave looks likely to make it ashore

  • Gulf markets are braced for a wave of initial public offerings (IPOs). I wish I’d had a dollar for every time I have read that, or indeed written it. But — maybe, just maybe — this time the prospect of a rush to market by Gulf corporates will actually come to pass....
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Partnership between Masayoshi Son and Saudi Arabia not just about the money

  • When the mighty Economist devotes a four-page special briefing and its top opinion leader to one subject, you have to sit up and take notice. The movers and shakers who read the influential magazine demand the best analysis. Last week, it focused on the current situation at SoftBank, the Japan...
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Naqvi’s battle to avoid ‘Abraaj nemesis’ tag

  • One VIP was missing from the opening night of Art Dubai last March. The emirate’s annual culture fest normally kicked off with its biggest patron, Arif Naqvi of private equity giant Abraaj Group, glad-handing dignitaries, saying a few words over the mike, sometimes leading off a song or two for...
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UAE Central Bank bites bullet on growth, but better news is to come

  • There is a 50 billion dirham ($13.6 billion) economic stimulus package in place in the capital. (Reuters) Last week the Central Bank of the UAE surprised economics analysts with a big downgrade of its forecasts for growth in gross domestic product (GDP) for the current year. Ju...
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US has it in its power to halt global slide to depression

  • It is the oldest truism in the book that the US is the most important economy in the world. “When America sneezes, the rest of the world catches cold,” goes the saying. Now, regardless of who sneezed first to cause the coronavirus disease (COVID-19) pandemic that is ravaging the global econom...
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Saudi Arabia's PIF buying spree is vote of confidence in pandemic recovery

  • We should have seen it coming. Yasir Al-Rumayyan, governor of Saudi Arabia’s Public Investment Fund (PIF), told a virtual gathering of investors last month, “You don’t want to waste a crisis. We’re looking into any opportunities.” Amid the global economic turmoil caused by the coronavirus dis...
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Amlak IPO is test of Saudis’ post-pandemic investment appetite

  • The historic initial public offering (IPO) of Saudi Aramco at the end of last year was expected to kick off a wave of IPOs in the Kingdom, as investors got the flotation bug and markets became more liquid and more comfortable with the concept of public offerings. The pandemic crisis has ensur...
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Can share prices continue to defy gravity?

  • World financial markets, with few exceptions, have defied gravity since the COVID-19 pandemic hit in earnest in March, but there is increasingly a feeling that “something has to give,” especially in equity markets. Over the next couple of weeks, the biggest companies in the world will report ...
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