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Latest articles in Saudi Arabia
Strategy Note / Global

Saudi and GCC ugly fiscal truth from low oil prices

At least, most in the GCC region are forecast to bring down their fiscal breakevens in 2021, eg Saudi drops from US$78 (with a c11% fiscal deficit) in 2020 to US$68 (6% fiscal deficit) in 2021. Saudi and GCC currencies: Drop the pegs while FX reserve...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 20 October 2020
Saudi and GCC ugly fiscal truth from low oil prices
Saudi and GCC ugly fiscal truth from low oil prices
Flash Report / Global

NCB-Samba merger builds regional powerhouse

Further to their preliminary announcement on 25 June, Saudi Arabia’s National Commercial Bank and Samba Financial Group have entered into a legally binding merger agreement. According to NCB Chairman Saeed Al-Ghamdi: "Saudi Arabia’s historic transfor...
Tellimer Research Rahul Shah
Rahul Shah @ Tellimer Research 12 October 2020
NCB-Samba merger builds regional powerhouse, but rewards may not match risks
NCB-Samba merger builds regional powerhouse, but rewards may not match risks
Strategy Note / Global

Emerging-Frontier Equity Monthly, September: EM Tech and FM outperform

Covid-19continues to oscillate between a source of gloom (new waves of infections even in those countries previously successful in their control of it, lasting economic damage to traditional businesses) and one of optimism (partial control of infecti...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 27 September 2020
Emerging-Frontier Equity Monthly, September: EM Tech and FM outperform
Emerging-Frontier Equity Monthly, September: EM Tech and FM outperform
Strategy Note / Global

Saudi and GCC: Recent oil price drop is a risk for equities (in one chart)

GCC equities (MSCI GCC) broadly tracked the 10% increase in oil price over July and August 2020. Oil price has dropped 10% since the start of September but GCC equities are flat, implying higher risk near-term......given fiscal break-even oil prices...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 13 September 2020
Saudi and GCC: Recent oil price drop is a risk for equities (in one chart)
Saudi and GCC: Recent oil price drop is a risk for equities (in one chart)
Strategy Note / Global

Bahrain-Israel: Signal on Saudi intentions is ambiguous

Bahrain's tiny size means its normalisation of ties with Israel (announced on 11 September) changes little apart from competition with freezones in the UAE for attracting Israeli firms seeking to address the GCC and regional market (with its exports...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 12 September 2020
Bahrain-Israel: Signal on Saudi intentions is ambiguous
Bahrain-Israel: Signal on Saudi intentions is ambiguous
Strategy Note / Global

UAE-Israel deal: Historic, not game-changing, at first glance

At face value, the UAE’s formal recognition of Israel and the latter’s suspension of West Bank annexation plans look, respectively, like an unprecedented geopolitical shift by a GCC state and a stark reversal of a potentially inflammatory Israeli pol...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 14 August 2020
UAE-Israel deal: Historic, not game-changing, at first glance
UAE-Israel deal: Historic, not game-changing, at first glance