It has been a good couple of years for the Saudi Stock Exchange (Tadawul), which posted considerable growth in 2011 and 2012. Market capitalisation was up more than 10% over 2011 due to a spate of initial public offerings (IPOs) in late 2011 and 2012. However, while the Tadawul is the largest and most liquid exchange in the region, it lacks large institutional investors; around 90% of trading...
The Middle East
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Chapter | Capital Markets from The Report: Saudi Arabia 2013
The Kingdom’s banking sector posted solid growth in 2011 and 2012 and is now one of the largest in the GCC, with total assets reaching $439.7bn by the third quarter of 2012. In addition, bank profitability has risen in recent years, reaching $8.23bn at the end of 2011, up from $6.94bn at the end of 2010 and $7.14bn at the end of 2009. The industry’s expansion over the past few years is largely...
Saudi Arabia continues to post strong economic growth on the back of its thriving petroleum sector anchored by a steady political and financial base. One of the largest exporters of oil worldwide, the country has also had some of the highest economic growth rates. Real GDP growth was forecast at 6.8% for 2012, following 8.5% expansion in 2011 and 4.8% in 2010. However, a new wave of strong state...
Articles & Analysis | Wired up: Moving to network sharing to establish a more level playing field from The Report: Abu Dhabi 2013
As part of its plan to end its reliance on oil and gas, Abu Dhabi is looking to become a business centre on a world scale, based on high-end manufacturing, tourism and the knowledge economy. An essential part of doing this is connectivity, both in terms of transport links and of telecommunications. To this end, the emirate has been investing heavily...
Interviews & Viewpoints | OBG talks to Sheikh Sultan bin Zayed Al Nahyan, Representative of the President of UAE, and Chairman, Culture and Media Centre from The Report: Abu Dhabi 2013
With rapid modernisation taking place, what is being done to safeguard the UAE’s culture?
Articles & Analysis | Race to the finish: Yas Island offers a number of entertainment options from The Report: Abu Dhabi 2013
Located a 30-minute drive from downtown Abu Dhabi City, Yas Island hosts several of the emirate’s major touristic attractions, including the Yas Marina Circuit, Ferrari World and the Yas Waterworld water park. These options offer a variety of activities and experiences designed to entertain everyone from international business travellers to...