Hints and tips:
...A $6bn issue by the Saudi Arabian oil company Aramco in June was the biggest-ever corporate sukuk....
...“If you look at different sectors, like airlines, oil and gas, entertainment, they are all put on hold by the stoppage of the economy,” Mr Rumayyan told the April conference....
...Saudi Arabia’s leadership would do better to stick to the basics as it surveys the landscape....
...Smart reads David v Goliath Large consumer goods companies are starting to feel the impact of their smaller, more innovative rivals....
...It already provides services to local companies such as low-cost airline Flydubai....
...In a sign of how awkward these overlaps can become, the Vision Fund technically has restrictions on making car-booking investments — largely because of the Saudi Arabian stake in Uber....
...That is Act V, and we are not there yet. For now we are still very definitely in the age of hydrocarbons....
...(Financial Times) Saudi stock market to open to foreigners: Saudi Arabia has authorised foreign share ownership on the oil-rich kingdom’s stock market, a long-awaited opening up of the Arab world’s biggest...
...Khazanah, which is the biggest shareholder in the airline with a 69 per cent stake, said on Friday in a statement seen by the Financial Times that it had submitted to Malaysia Airlines’ board a proposal...
...dilemma for China easing | Beijing’s recent efforts to support flagging growth through looser monetary policy could be complicated if price increases start to accelerate ** FT Opinion ** - Panic pushes Saudis...
...It would be great to see some more consumer shares listed, some more telecoms and hospitality and tourism shares on offer – perhaps even an airline....
...Meanwhile, the fall in oil prices helped to bolster shares in several airline companies....
...Saudi Arabia sold its first fully sovereign-guaranteed, local currency sukuk earlier this year....
...(Dow Jones) Saudi Arabia offers more oil: Saudi Arabia has offered its main customers in the US, Europe and Asia extra oil supplies through the end of the year, a sign the world’s largest exporter is worried...
...Because of long lead times, even aircrafts still on multiyear contracts from the US, such as Bell Boeing’s V-22 tilt rotor, a helicopter propeller aircraft hybrid, need to quickly secure international customers...
...He added that he expected a “huge privatisation” of Russian airports, and that the companies would also seek acquisitions in Central Asia and Saudi Arabia....
...Downing Street stressed that Mr Hilton’s views were expressed in a personal capacity and pointed out that David Cameron, prime minister, recently flew with BA to Saudi Arabia....
...Kazakhstan’s S&P rating is now also above that of other major oil producers such as Brazil (BBB-), Venezuela and Nigeria (both B+), but lower than Saudi Arabia (AA-) and Abu Dhabi (AA)....
...Mohammed al-Shaibani, chief executive of ICD, which controls government holdings such as Emirates Airlines, says ICD is “looking forward to participating in the recovery of the Dubai real estate market”....
...But a physical glut around Cushing has skewed prices into what one airline boss calls a “silent killer.”...
...Dubai’s main index dropped by the most since February and Saudi Arabia’s main bourse closed down 5.5 per cent on Saturday....
...But it was only this year that others followed, with signings by the Hilton group and Delta Airlines....
...In July, the oil-rich kingdom ordered the largest arms deal in history, a $60bn purchase of Boeing’s F-15s and related defence systems, while Saudi Arabian Airlines are paying $3.3bn for 12 Boeing 777-300ERs...
...Cathay Pacific, Hong Kong’s largest airline, slumped 9.7 per cent to HK$17.70, while China Eastern Airlines tumbled 11.3 per cent to HK$3.31....
...But Yahoo Japan bucked the trend following reports that Yahoo Inc was in talks to exit its Japanese joint venture....
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