GCC MENA Edition
Latest News
Asset management industry in GCC to grow steadily: Moody's
GCC investment managers had $260bln of Assets Under Management as of December last year
Saudi Defence Ministry press conference to show Iranian involvement in Aramco attacks - state TV
Conference will show evidence on Iran's involvement in the Aramco attacks
UAE's Election Commission announces locations of voting centres
NCE also announced the availability of 118 polling stations outside the UAE in its embassies, consulates and diplomatic missions
Saudis yet to brief OPEC colleagues, IEA on oil outage - sources
"I think they are still assessing the damage and coping with many urgent matters," another OPEC delegate said.
Bahrain reviews nuclear energy plans as project receives bid
The Arabian kingdom had plans to start nuclear power stations by 2017. But the plans were delayed mostly due to high costs.
Saudi king says kingdom is capable of responding to attacks
A statement issued after a meeting of Saudi Arabia's council of ministers said the cabinet had reviewed the damage caused by the attacks on Aramco installations
Qatar's Ahli Bank set to raise $500mln in five year bonds - document
Qatar's Ahli Bank is set to raise $500mln in five-year bonds
Saudi central bank says 2019 GDP growth won't be too far from IMF forecast
The IMF expects the Saudi economy to grow 1.9%, slower than the 2.2% in 2018, but some economists are more bearish due to oil output cuts.
Saudi Arabia’s Samba plans to issue notes on $5bln Euro medium term programme
The bank has mandated First Abu Dhabi Bank, Goldman Sachs International, HSBC, Samba Capital & Investment Management Company and Standard Chartered Bank as joint lead managers for the proposed offer
No long-lasting impact on Aramco financial profile from attacks: Moody’s
Oil prices rallied on Monday, the first trading day following the attacks, as investors feared supply would not be enough to meet demand.
Insights
Steel and base metals express divergent views on China: Andy Home
Industrial metals have fallen into two very distinct camps over the course of 2019.
Hedge funds turned bullish on oil before Saudi attacks: Kemp
The jump came after five months in which fund managers had been mostly sold oil, suggesting the market had reached a turning point
Fed trades "remarkably positive" for "no precedents" after volatile year
The Fed's likely action to lower its target policy rate to a range of between 1.75% and 2.00%
