Showing results for "Shoura Council"

OPEC+ should not give in to request to increase supply immediately

  • Requests to OPEC from the White House are nothing new when oil supplies are tight or the oil market is broken. Presidents George H.W. Bush, Bill Clinton and George W. Bush all asked OPEC to increase production when markets were tight. Former President Donald Trump famously pushed OPEC+ to drast...
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The Trans-Pacific tech spat is potentially quite close to the wallets of GCC investors

  • If you live in the Middle East, you may think that the Pacific Ocean is far away. Please, think again. The standoff between the US and China over which companies and under what circumstances they can be listed in the US has just ratcheted up, leaving ripple effects beyond those two countries....
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Why Oman stands to gain from closer cooperation with KSA

  • The visit by Oman’s Sultan Haitham bin Tariq to Saudi Arabia was a double first. It was the first visit to the Kingdom by an Omani leader in more than a decade, and the sultan’s first foreign trip since he ascended the throne on Jan. 11 last year. One focus of the visit was on economic cooper...
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China tech clampdown expands govt control over corporations, data

  • In a move that is about state control over corporations and data, the Chinese government last week started to clamp down on three tech companies: The ride-hailing app Didi, the world’s largest online freight platform, Full Truck Alliance, and the online recruitment firm Kanzhun, all of which ha...
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Combining PPA and GOSI: Why size really does matter

  • In asset management, size matters because it gives materiality and buying power. Under Vision 2030, which aims to wean Saudi Arabia off its dependency on oil, the Kingdom is keen to establish national champions. The quest for efficiency straddles all aspects of the economy. Therefore, it ma...
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Why US efforts to counter China’s tech advancements matter to the rest of the world

  • Nothing unites enemies more than a common foe. The US Senate proved that when it overwhelmingly passed a bill aimed to bolster technological and industrial capacity in the technology and innovation space by 68-32 votes. The sum allotted comes in just shy of a quarter of a trillion dollars. It...
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Why GCC fixed income bonanza makes sense

  • If there has ever been an appetite for Gulf Cooperation Council (GCC) bond offerings it is now, and it makes perfect sense: The pipeline of sovereign and sovereign-affiliated entities and corporates who want to issue bonds during the second half of 2021 is long. It reads like a who’s who of G...
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Inflation, the Fed minutes and what it could mean for the GCC

  • The buzzword among economists these days is inflation. Last week’s US consumer price and producer price indices stood at 4.2 and 6.2, respectively. The question on everybody’s mind is whether inflation is a blip, or here to stay for the long haul. On Wednesday, for the first time since the st...
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Tough decisions for ministers at upcoming OPEC+ meeting

  • The ministers of OPEC+, an alliance between OPEC members and 10 friendly producer nations led by Russia, will meet this week to look at the global oil markets. On April 1, the ministers agreed to ease production cuts by 350,000 barrels per day (bpd) during May and June, and 441,000 bpd in Jul...
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Why what happens in the US does not stay there

  • Tuesday and Wednesday saw the much-anticipated Congressional testimony of US Federal Reserve chair Jerome Powell and Secretary of the Treasury Janet Yellen. The focus was on how much longer the Fed would continue with its dovish policy and whether the $1.9 trillion stimulus package risked ove...
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