Fast Finance Last week marked the end of Renminbi’s twenty-one year old peg with the US dollar as Chinese Yuan fell by 4.4 percent. This move came at the back of weakened Chinese economy due to a drop in industrial production as well as a slackened demand for consumer products. Emerging ...
Tag: Saudi Arabia
August 17, 2015Blake Goud
FAST FINANCE As Brent crude falls below the $50/bbl, pressure rises on many oil exporters to finance rising budget deficits to preserve their investments saved up during years with higher prices. Saudi Arabia, in particular, is likely to be active in bond issuance and its SR 15bn ($4bn) issuance in ...
August 10, 2015Blake Goud
Fast Finance Talks over the Trans-Pacific Partnership stumbled and one of the sticking points deals with the Japanese auto supply chain which includes non-TPP countries like Thailand. The Japanese auto industry believes that strict rules about origin could harm it which show the complications of a regional approach to trade ...
August 3, 2015Blake Goud
Arab Petroleum Investments Corporation (APICORP), which invests in the Organization of Arab Petroleum Exporting Countries (OAPEC) countries’ energy sector, recently announced a $3 billion sukuk program that could transform the balance sheet of this smaller, lesser known Saudi multilateral development bank (MDB) as well as its future investment strategy. The ...
July 22, 2015Blake Goud
FAST FINANCE Following our special report on Iran before Eid, we follow up on the impact of the Iran agreement with the P5+1 on providers of export finance to the companies that will resume trading with the Islamic Republic and a look at growth in real estate investment by Iranians in ...
July 20, 2015Blake Goud
Rumors that Tadawul would open to foreign investors swirled for years before they will be realized when the market opens in June 2015 but the opening is modest based on the maximum foreign investor ownership limits. Compared to many emerging markets, the amount available to foreign investors is modest (at ...
May 6, 2015Blake Goud