News Clip3:06
Bloomberg

Markets React to Saudi's National Transformation Program

Higher Ed
June 7 -- Saudi Arabia plans to cut public-sector wages as well as subsidies by 2020, scaling back the state largess that helped ensure political loyalty in the largest Arab economy. The Saudi cabinet approved the National Transformation...
News Clip1:55
Bloomberg

Saudi Considers Paying Contractors With IOUs

Higher Ed
May 19 -- Saudi Arabia is telling local banks that it is considering paying contractors with IOUs in order to conserve cash while settling outstanding bills. Bloomberg's Matthew Martin reports on "Bloomberg Markets Middle East."
News Clip2:43
Bloomberg

Alibaba Expresses Interest in Saudi Investments

Higher Ed
Aug. 31 -- Alibaba may be setting its sights on Saudi Arabia. According to the oil minister, billionaire Jack Ma is extremely interested in investing in the kingdom. Bloomberg's Anthony DiPaola reports on "Bloomberg Markets Middle East."
News Clip7:27
Bloomberg

Saudi Bond Sale: A Game Changer for Fixed Income?

Higher Ed
Oct. 23 -- Firas Mallah, managing director of MENA at BMO Global Asset Management, discusses the success of the Saudia Arabia bond sale, who else could come to market and the timing of the sale. He speaks to Tracy Alloway on "Bloomberg...
News Clip2:54
Bloomberg

Breaking Down Saudi Arabia's Economic Transformation

Higher Ed
June 7 -- Marios Maratheftis, chief economist at Standard Chartered, discusses Saudi Arabia's economic overhaul, the transformational targets and if he thinks it can work. He speaks to Manus Cranny and Rishaad Salamat on "Bloomberg...
News Clip6:21
Bloomberg

Saudi Arabia's NCB Missed Estimates

Higher Ed
Oct. 17 -- Jaap Meijer, managing director and head of research at Arqaam Capital, discusses Saudi Arabia's National Commercial Bank Earnings, Saudi bank stocks and where he's finding opportunities. He speaks to Yousef Gamal El-Din and...
News Clip4:28
Bloomberg

Saudi Finance Minister on Budget, Aramco IPO

Higher Ed
Dec.20 -- Saudi Arabia Finance Minister Mohammed Al-Jadaan discusses the Saudi budget, generating revenue off the Aramco IPO and the government's anti-corruption crackdown. He speaks on "Bloomberg Markets: Middle East."
News Clip16:45
Bloomberg

Saudi Arabia Finance Minister Mohammed Al-Jadaan on Debt, Bond Issuance

Higher Ed
Dec.20 -- Saudi Arabia intends to issue around 120 billion riyals ($32 billion) of bonds next year to help finance its deficit, with plans to tap international markets in the first half. Finance Minister Mohammed Al-Jadaan speaks to...
News Clip1:15
Bloomberg

Declining Oil Prices: Will There Be a Pump War?

Higher Ed
Oct. 15 -- In today's ""Morning Must Read,"" RBC Capital Markets Chief Commodities Strategist Helima Croft recaps the op-ed pieces and analyst notes providing insight behind today's headlines with Bloomberg's Tom Keene, Scarlet Fu and...
News Clip1:33
Bloomberg

Pain Ahead for Saudi Banks?

Higher Ed
May 10 -- With reform underway in Saudi Arabia, you might expect the country's banking industry would be set for a boom, but a trifecta of high borrowing costs, increased bad loans and slow economic growth means the kingdom's banks...
News Clip2:36
Bloomberg

IMF Says Saudi Deficit Below 10% in 2017

Higher Ed
Aug. 7 -- The IMF expects the Saudi budget deficit to narrow to just under 10% of GDP in 2017, and said that a fiscal adjustment is underway. Bloomberg's Alaa Shahine reports on "Bloomberg Markets Middle East."
News Clip3:42
Bloomberg

Emirates NBD's Fox: Dubai's Economy Is Resilient

Higher Ed
Sept. 8 -- Tim Fox, chief economist at Emirates NBD, discusses Dubai's economy, the challenges facing the Saudi economy and his outlook for the OPEC meeting. He speaks to Yousef Gamal El-Din on "Bloomberg Markets Middle East."
News Clip1:51
Bloomberg

Saudi Bond Sale Pushes Emerging Market Issuances

Higher Ed
Oct. 25 -- Saudi Arabia's bond sale last week wasn't just the biggest ever in the Middle East, it was a record in emerging markets. The ramifications are now being felt across the emerging market debt space with the volume of U.S. dollar...
News Clip5:21
Bloomberg

Menacorp's Al Rantisi on Saudi Earnings, Bond Sale

Higher Ed
Oct. 18 -- Nabil Al Rantisi, managing director at Menacorp, discusses Saudi bank earnings, the warning from Moody's about construction loans and the Saudi bond sale. He speaks to Tracy Alloway and Angie Lau on "Bloomberg Markets: Middle...
News Clip4:48
Bloomberg

Emirates NBD's Haque: Dubai Outlook Is Optimistic

Higher Ed
Oct. 11 -- Khatija Haque, head of MENA research at Emirates NBD, discusses the Dubai economy, the key risks for the country and the outlook for the Saudi Arabia economy. She speaks to Yousef Gamal El-Din on "Bloomberg Markets: Middle East."
News Clip5:27
Bloomberg

Saudi Bond Sale Spurs More Gulf Borrowing

Higher Ed
Oct. 27 -- Gary Dugan, chief investment officer at Emirates NBD, discusses Saudi Arabia's potential for further bond issuances, the dynamics of the GCC bond market and the impact of oil on the market. He speaks to Yousef Gamal El-Din and...
News Clip3:20
Bloomberg

Saudi Stocks Lead Gulf-Wide Gains

Higher Ed
Oct. 24 -- Saudi Arabian stocks led gains across the gulf with equities rising for a third day. Traders are betting the kingdom will repay companies after raising $17.5B in its maiden bond sale. Bloomberg's Filipe Pacheco reports on...
News Clip2:25
Bloomberg

Saudi Arabia's Al Qasabi: Vision 2030 Is Ambitious

Higher Ed
Nov. 17 -- Saudi Arabia says its "Vision 2030" economic shakeup has ambitious targets, but expects any obstacles to be cleared along the way. A key part of the plan is to boost foreign direct investment and reduce the kingdom's reliance...
News Clip9:21
Bloomberg

Saudi Economy Minister on Expat Fees, 2019 Economic Outlook, Privatization

Higher Ed
Dec.20 -- Saudi Arabia expects to privatize seven companies in the first quarter of 2019, Economy and Planning Minister Mohammad Al Tuwaijri said, after plans to sell stakes in state assets got off to a slow start. Al Tuwaijri spoke...
News Clip5:05
Bloomberg

Private Capital Holds Back in Saudi Arabia

Higher Ed
Nov.27 -- The Khashoggi murder has soured many of the world's politicians on Crown Prince Mohammed bin Salman. But, sources have told Bloomberg that private domestic capital turned against him long before the killing. The so-called...
News Clip5:02
Bloomberg

Making Sense of the Markets in the Middle East

Higher Ed
June 5 -- Mark Diab, chief executive officer at Man Investments Middle East, and Bloomberg's Tracy Alloway discuss growth in the Middle East, how a Fed rate hike will impact the region and the possibility of a riyal peg getting undone....
News Clip3:04
Bloomberg

Saudi Said to Move on Riyal Peg Bets

Higher Ed
June 5 -- Saudi Arabia is said to have intervened in the currency trading of local banks for the second time this year. It's been reported that some products allowing speculators to bet against the riyal peg have been banned. Bloomberg's...
News Clip4:01
Bloomberg

Saudi To Ease Stock Market Rules

Higher Ed
May 4 -- Rachel Ziemba, senior research analyst at Roubini Global Economics, discusses the opening up of the Saudi markets and what it means for investors. She speaks to Manus Cranny on "Bloomberg Markets Middle East."
News Clip2:44
Bloomberg

Saudi Arabia Prepares for Bond Sale on Deficit

Higher Ed
May 22 -- Saudi Arabia is preparing to sell its first bond in the international capital markets as it seeks foreign financing to plug its budget deficit. Bloomberg's Matthew Martin reports on "Bloomberg Markets Middle East."