Saudi Arabia
Middle East | 6 Jun 16
Saudi Arabia set to approve economic transformation plan
Saudi Arabia’s National Transformation Plan, the major part of the “Vision 2030” reform agenda announced by deputy crown prince Mohammed bin Salman in April, is expected to be approved by the government on Monday, according to media reports.
Middle East | 2 Jun 16
Saudi Arabia invests $3.5bn in Uber
The Saudi Arabian Public Investment Fund (PIF), the kingdom’s long-term sovereign investment arm has invested $3.5bn (£2.4bn, €3.1bn) in the US-based online taxi service Uber, the Saudi press agency announced.
First GCC equities fund for int’l investors launched in ADGM
Eshara Capital, the first investment fund managed out of the Abu Dhabi Global Market (ADGM), has launched its first strategy, providing global investors access to UAE and Saudi Arabian equity markets and upcoming IPOs.
EFG Hermes: Beyond the horizon
Amr Seif is head of asset management at EFG Hermes, a firm that has traditionally focused its expertise on the Middle East and North Africa, but is now expanding into other territories.
Macro Views | 25 Apr 16
Saudi Arabia unveils reform plan to cut dependence on oil
The government of Saudi Arabia approved a new economic plan on Monday which will see the kingdom emerge as a major global investor and introduce a new visa system to allow expatriates to live in the country for extended periods.