Saudi Arabia

The view that we expressed in our last currency forecast – that Saudi 6-month forward points could move rightwards, perhaps breaking through the key 50 level and testing support... 2006-01-19

Where oil goes, the Saudi All-Share Index (SASI) will follow, and this week has been no exception, with the small downturn in crude prices accompanied by a similar dip in the bourse.... 2005-09-08

We stand by the view we expressed in our last forecast: the SAR3.7500/US$ exchange rate peg will remain in place, and stability should continue to reign over 6-month forward points.... 2005-08-22

The death of Saudi Arabia's King Fahd, which was announced this morning, should not have too destabilising an effect on the Kingdom in the short term. Admittedly, the market reaction... 2005-08-01

We do not expect the SAR3.7500/US$ exchange rate peg to be altered in the coming year, not least because Saudi Arabia has a healthy foreign exchange cushion of over US$23bn, thanks... 2005-06-09

Although our view remains that the oil market will continue to be well supported, the lower prices seen recently should serve as a timely reminder to the Gulf states that rely on... 2005-05-25

The storming of the Bangladeshi embassy in Kuwait this week by more than 700 migrant workers angry over employment conditions in the Gulf was symptomatic, in our view, of a major... 2005-04-29

News that the UAE government had announced a spontaneous 25% salary hike for all civil service employees, apparently in the hope of ensuring 'decent living conditions' for its workers,... 2005-04-07

We do not expect the SAR3.7500/US$ exchange rate peg to be altered in the coming year, not least because Saudi Arabia has a healthy foreign exchange cushion of over US$23bn, thanks... 2005-03-29

The 239% rally in Saudi stocks since the beginning of 2003 is proof, if proof were needed, that liquidity in Gulf markets is in need of a new direction, and the Islamic finance industry... 2005-02-24