Recent stories from sustg

  • Why MNCs Must Localize their Saudi Business
     

    Saudi Arabia is one of Europe, Middle East and Africa’s (EMEA) top emerging markets, but it is on an unsustainable growth path that threatens long-term prosperity. In addressing this problem through economic diversification, the government will increasingly push multi-national corporations (MNC) to localize their presence or risk being shut out of the market. Success for […]

     
  • In First Weekly for Ashmore, Sfakianakis Highlights ‘Wall Street’s Retreat from EM Market-Making’
     

    In his first weekly for the London-based Ashmore Investments, John Sfakianakis and co-author Jan Dehn write that emerging markets are playing a larger role in international finance, and recent political and economic developments around the globe “illustrate Wall Street’s decline as market-maker for Emerging Markets (EM) assets.”   The full analysis, available here and used by […]

     
  • NCB’s October 19th IPO May be 2014’s Second Largest Behind Alibaba
     

    Saudi Arabia’s National Commercial Bank is set to issue an IPO in October that might raise as much as 16 billion riyals ($4.3 billion), which would be the second largest of 2014 behind China’s Alibaba Group Holding Ltd., Bloomberg’s Matthew Martin reports.  The IPO will list 300 million shares totaling 15% of the lender’s share capital, with an additional 200 million shares, […]

     
  • SAGIA in Transition
     

    The Saudi Arabian General Investment Authority (SAGIA) was established in 2000 to be a major driver in the Kingdom’s efforts to liberalize its economy.  It has certainly fulfilled that role and over the last 14 years SAGIA has been a chief strategist, leading promoter and the administrative front office for the Kingdom’s business as Saudi […]

     
  • KAFD: Saudi Arabia’s ‘City Within a City’ Slated for Soft Opening as Kingdom Gears Up To Be Financial Hub of the Gulf
     

    A date has been set for a “soft opening” of Saudi Arabia’s King Abdullah Financial District, a mega project in Saudi Arabia’s capital city that has been under construction for years. Situated on the outskirts of Riyadh, the new development bears the name of a King who has steered a nation through a period of […]

     
  • Builder of “Largest Swimming Pool on the Planet” to Construct Lagoon, Golf Course in Saudi Arabia
     

    Builders have already broken ground on a new $4 billion,  8-hectare project megaproject in Saudi Arabia, consisting of a large lagoon, the first Jack Nicklaus golf course in the Kingdom, and more as part of a larger development. The project, the Prince Sultan Cultural Centre (PSCC), is one of 8 mega projects the company has under development […]

     
  • C3 US-Arab Business Summit Set for October 6, 2014 in New York City
     

    Since 2012, C3 Summit, in collaboration with the US State Department, US Chamber of Commerce and the US Department of Commerce, has been producing US-Arab Summits focusing on healthcare, commerce and economic development between the Arab region and North America.   Given the continuing growth and importance of the business sector to both regions, C3 has developed the US-Arab […]

     
  • 5 Things to Know about the TASI Opening
     

    Last month’s announcement that the Saudi Arabian stock market, known as the Tadawul or TASI, would open to foreign investment has created waves of optimism from news outlets to seasoned investors. Most think the opening of the market will be great for investors and provide extra liquidity and capital into the market, but the Saudi […]

     
  • A Tadawul Opening Road Map
     

    Jadwa Investments is a well respected Shariah-compliant investment bank based in Saudi Arabia.  Jadwa’s market studies and regular updates can be counted on to be highly informed and concise analyses of the topic at hand. Their monthly ‘Chartbooks,’ quarterly GDP updates, annual budget report and specific sector analysis are regular features on the Saudi-US Trade […]

     
  • Sfakianakis: Now is the Time for Energy Subsidy Reform in Saudi Arabia
     

    Annual energy subsidies in Saudi Arabia amount to $120 billion; roughly a quarter of all global energy subsidies combined. As with subsidies worldwide, those in Saudi Arabia are in place primarily for political and social reasons. Unfortunately, energy subsidies result in numerous and profound economic distortions that ultimately do not benefit the poor in particular […]

     

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