Saudi Arabia

Middle East | 6 Nov 15

The sharp fall in oil prices and the impact it will have on Saudi Arabia’s government finances led ratings agency Standard and Poor’s to cut its credit rankings for eight of the country’s major banks on Friday.

Middle East | 28 Sep 15

Saudi Arabia has reportedly withdrawn tens of billions of dollars from global asset management firms in response to the ongoing slump in oil price and the recent volatility in world equity markets.

Investment | 14 Sep 15

The collapse in oil prices and volatility in the emerging markets induced by China’s slowdown has hurt stocks in the Middle East but has not knocked the region’s major equity markets off their positive trajectory, said Amundi fund manager Remy Marcel.

Middle East | 6 Sep 15

With Saudi Arabia now open to foreign investment, fund manager Yong Wei Lee, who runs the Emirates MENA Top Companies Fund, is looking to capitalise on the region’s strong potential.

Middle East | 15 Jun 15

Saudi Arabia has today opened its $570bn Tadawul stock exchange to direct foreign investments for the first time, which is widely seen as a crucial stepping stone to the kingdom’s entry into the MSCI Emerging Markets index.