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3 weeks ago | 
agbi.com | Matt Smith |Gavin Gibbon
Markets Global markets hit by sell-offQuick recovery for Gulf predictedEnergy products exempt from tariffsDubai’s stock index tumbled on Thursday, poised for its biggest daily decline this year, and other Gulf bourses slid after US president Donald Trump announced wide-ranging tariffs on importers.
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1 month ago | 
agbi.com | Matt Smith |Eva Levesque |Edmund Bower
Analysis Oil & Gas Projected 30% drop in dividends PIF and government likely to step in Expect deficit and borrowing to rise A projected 30 percent drop in Saudi Aramco’s oil dividends in 2025 is likely to force the government and state-owned Saudi Public Investment Fund to step up borrowing to fund infrastructure and other projects under the kingdom’s Vision 2030 economic and social strategy, analysts say. The world’s largest oil company intends to cut dividends to shareholders by $38.8...
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1 month ago | 
agbi.com | Matt Smith |Eva Levesque
Analysis Markets $31bn Aramco dividend expectedLarge portion of state spendingShare price down 14.5%Saudi Aramco’s 2024 full-year results due next week are likely to again underline the importance of the world’s largest listed oil company to big-spending Saudi Arabia’s economic development plans.
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1 month ago | 
agbi.com | Matt Smith |Gavin Gibbon
Manufacturing Losses in 2024 up 11% to $3bnShares down 95% since 2021Lucid expects losses to continuePeter Rawlinson, the CEO of the Saudi Arabia-backed electric car maker Lucid Motors, has resigned after the Californian company’s total accumulated losses rose to almost $13 billion.
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1 month ago | 
agbi.com | Pramod Kumar |Matt Smith
Tech PIF part of SoftBank’s Vision FundSoftBank has not delivered, says CEOVision Fund 1 lost $21.6bn since launchJapan’s SoftBank Group has not “fully delivered” the expected returns to Saudi Arabia’s sovereign wealth fund, chaired by Crown Prince Mohammed bin Salman, CEO Masayoshi Son has said. “I haven’t still given him enough return.
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Jan 16, 2025 | 
agbi.com | Matt Smith
Consumers and SMEs defaultNon-performing loans up 24%QNB positioned to absorb lossQatar National Bank (QNB), the Middle East and Africa’s largest lender by assets, this week reported another solid set of annual earnings. Yet within its financials lurks a potentially worrying statistic: rising loan defaults by consumers and small companies.
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Jan 14, 2025 | 
agbi.com | Matt Smith
Dr Soliman Fakeeh Hospital 14 Saudi IPOs since 2024Raised more than $100 millionMost trade above IPO priceRecently floated Saudi Arabian companies have thrived since listing on Riyadh’s bourse, thanks in part to astute pricing of initial public offerings and foreign institutional investors’ growing participation.
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Jan 13, 2025 | 
agbi.com | Matt Smith
QNB Q4 profit up 11%Full-year profit $4.6bnLosses from bad loans down Qatar National Bank, the Middle East and Africa’s largest lender by assets, reported a 11 percent rise in fourth-quarter profit on Monday as net interest and fee income increased. QNB, which is 50 percent owned by Qatar’s government, dominates the country’s banking sector and has sizeable operations in Egypt and Turkey.
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Jan 9, 2025 | 
agbi.com | Matt Smith
Imago via Reuters Connect PIF adds exchange-traded fundListed on LSE and Deutsche BorseTotal assets of $241 millionSaudi Arabia’s Public Investment Fund has invested $200 million in a recently launched exchange-traded fund that tracks dollar-denominated bonds and sukuk issued by the kingdom’s government and quasi-state entities.
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Jan 8, 2025 | 
agbi.com | Matt Smith
Boost from non-oil economy3.1% GDP growth predictedUS interest rates a threatOman’s buoyant non-oil sector will help the sultanate’s economy expand this year at nearly twice the rate of 2024, its sovereign wealth fund has forecast. However, the fund warned that US president-elect Donald Trump’s plans to implement tariffs on its trading partners could hamper ambitions by the sultanate to increase foreign direct investment and reduce its debt burden.
