Saudi Arabia Archives

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News

Saudi Prince, “Minister of Everything,” Wields Power Behind Throne

Saudi Arabia Known as the Minister of Everything, deputy crown prince Mohammad bin Salman, the favored 30-year-old son of the geriatric king of Saudi Arabia, is a man on a mission.

Award Winners

Winner Profiles | The Best In Islamic Finance | 2016

Global Finance magazine profiles the best Islamic Financial Institutions of 2016

Capital Raising & Corporate Finance

Kingdom’s Economy Sputters, Austerity Plan Unveiled

Low oil prices are taking a heavy toll on Saudi Arabia’s economy, which is facing even greater austerity under deputy crown prince Mohammad bin Salman Al Saud’s plans to raise $100 billion a year from subsidy cuts and new levies.

Features

Saudi Arabia Dominates Project Finance

Project financing is booming in Saudi Arabia, which leads the Middle East in deals, with a total of eight in 2015, worth more than $13 billion.

Capital Raising & Corporate Finance

Aramco IPO May Be For Saudi Nationals Only

Capital Markets | Equity Offering A potential partial privatization of Saudi Arabia’s state oil company, Saudi Aramco, would require the company to remove its veil of secrecy.

Banking

Cutting The Cord In Saudi Arabia

Saudi Arabia is the Gulf Cooperation Council’s largest economy, but major economic, political and social challenges threaten the kingdom’s immediate economic future. Reducing its dependence on oil and gas is now a case of when, not if.

Capital Raising & Corporate Finance

New & Planned Arabian Cities Attract Foreign Investment

Arabia is meeting with some success in its efforts to entice foreign investors to six new economic cities in the kingdom.

Country Report

Saudi Arabia Breaking Away

Saudi Arabia needs a strategy to diversify its oil-based economy. Can change come fast enough?

Capital Raising & Corporate Finance

Saudi Arabia Privatizations Could Help Plug Budget Gap

With the country’s oil revenue set to slide by about 30% this year, privatization is a largely untapped resource.

Capital Raising & Corporate Finance

Saudi Arabia Taps Bond Market As Low Oil Prices Create Deficit

Capital Markets | Fixed Income Saudi Arabia has issued its first sovereign bonds since 2007 to help fund a widening budget deficit caused by continued spending amid low oil prices.

Awards

Global Finance Names Safest Banks In The Middle East & Africa 2015

NEW YORK, Sept. 9, 2015 — Global Finance has named the Safest Banks in the Middle East & Africa in an exclusive survey to be published in the November 2015 issue. Banks were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide.

Awards

Global Finance Names The 50 Safest Banks In Emerging Markets 2015

NEW YORK, Sept. 9, 2015 — Rapid-growth emerging markets have long been the engines of global economic growth. With clients enjoying swiftly-rising incomes, many emerging markets banks benefited by providing services to meet the increasingly sophisticated banking needs of their client base.