Showing results for "2 march"

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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Billion-dollar bubble? SoftBank ‘whale’ unnerves global markets

  • Is SoftBank, the Japanese financial institution headed by Masayoshi Son, fueling a stock market bubble with its new strategy of speculating heavily in derivatives markets in technology shares? There has been a lot of debate recently over the role that Son and his traders are playing in global...
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Can Asia keep the global financial bubble inflated?

  • The final proof, for anybody still requiring it, that financial markets are totally divorced from the everyday world most people inhabit has come in the past week. Call it the Insurrection Boom. As rioters stormed the Capitol in Washington DC last week, the S&P 500 Index down the road in N...
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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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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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China unlikely to come to world’s rescue this time

  • For all the self-congratulation of Western central bankers and economic policymakers when the world pulled out of the recession caused by the global financial crisis, it was China that really made the difference back then. The multibillion-dollar stimulus package put in place by Beijing not o...
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Energy transition begins at home with Saudi Green Initiative

  • The Saudi Green Initiative — to be unveiled with fanfare today — will hammer home the message that the Kingdom will carry into the 2021 UN Climate Change Conference in Glasgow next month: That hydrocarbons will be a vital part of the global energy mix for decades to come, but that the transitio...
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Forget ‘V’ or ‘W’ shaped recovery — now ‘K’ looks the market model

  • Since the onset of the coronavirus pandemic, economists and market analysts have been debating the shape of the recovery from the savage recession brought on by economic lockdowns and travel restrictions. Will it be V-shaped — a sharp bounce back from a rapid descent? Or will it be W-shaped —...
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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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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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