Interpreting Middle East Economic News and Analyzing Market Trends

Category: Stock Markets

Saudi Arabia backtracks on Aramco sale but it still needs the money

Saudi Aramco

On Friday (Jan. 8), news hit the markets that Saudi Arabia might take its crown jewel (Aramco) public to help offset the country’s mounting budget deficit.  On Monday (Jan. 11), the story died before all the speculative angles of why the Saudi’s might be interested in selling could be analyzed.  The truth is a sale of Aramco will eventually happen but not until all other sources of raising cash are exhausted.  The bottom line is that the country needs cash and fast.

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Bad timing? Qatar Investment Authority looks to invest $35 billion in US

Where Qatar Invests

Source: This is Money, UK.

Qatar’s sovereign wealth fund, Qatar Investment Authority (QIA), announced its plans of opening an investment office in the US and invest $35 billion over the next five years.  The move comes as it tries to diversify away from Europe and Asia.  Could it have chosen a worse time for this move?

 

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What’s behind the Saudi stock market plunge? (Hint: oil)

Image Source: Gulf Business

 

Traders in Saudi Arabia have been questioning the reasons behind the market’s recent plunge according to Reuters, but the answer is right in front of them.

 

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Market outlook for the rest of 2015: How to make it through the chaos that lies ahead

Image Source: CNN Money

With the end of the third quarter quickly approaching, I thought that it is the right time to give an update on some of the recent news in financial markets and what it is signaling to us.  At the very least, we need to pay close attention to what is happening in the oil market.  I previously wrote about oil here and why I believe the price is headed much lower.  Today, however, there is not only evidence that oil is headed lower, but that nearly every other asset will be headed lower too.

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Saudi stock market welcomes foreigners, with conditions

Saudi Tadawul launch of NCB

Source: CNN Money

The Saudi Stock Exchange (Tadawul) opened up this week to foreigners investors.  There are, however, conditions foreigners must meet before they are allowed to invest and there are questions on the timing of the move.  Is it too little too late or is Tadawul too early?

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