The epitome of loyalty: Prince Alwaleed - Citi
Thursday, November 20th, 2008 Posted in Markets | No Comments »With his stake in Citigroup (NYSE: C) now self-reported to be less than 4%, Saudi Prince Alwaleed bin Talal bin Abdulaziz Al Saud said Thursday that he will raise it back to 5%, to the same level he purchased ...
TradeFlow21 Editorial: Yes, Mr. President, we can build a more prosperous, secure world through Middle East trade
Sunday, November 16th, 2008 Posted in Industrial investment, Markets, Oil, Trade | No Comments »We are traders all. We barter and bargain, agree then rescind, resume and conclude negotiations for goods and services throughout our lives. We trade because we are inclined by nature to do so, regardless of how we earn our daily ...
Abu Dhabi assures as UAE declares no scaling down
Friday, October 31st, 2008 Posted in Markets, Oil, Real estate | No Comments »A $60 floor for oil prices seems reasonable at this point and is still profitable for the Gulf, although not quite like it was, when nearing $150/bbl. Abu Dhabi's budget is reportedly based on $40-$50/bbl prices, while Saudi's is ...
Sovereign wealth funds remain interested in US market
Wednesday, October 29th, 2008 Posted in Markets, SWF | No Comments »As reported in a TradeFlow21 posting on September 29th, it was suggested that sovereign wealth funds may soon join a list of suitors seeking bargains among Wall Street's ruins. In an interview with the Financial Times published today, Deputy ...
Even Pakistan is in need of a bailout plan
Saturday, October 18th, 2008 Posted in Markets, Regional News | No Comments »In the past twelve months, nuclear Pakistan has survived a constitutional crisis that led to the temporary suspension of rights, the assassination of a beloved former prime minister, and the resignation of a contentious president. With nations throughout the wider ...
Jordan reigns supreme in brutal ‘08
Tuesday, October 7th, 2008 Posted in Markets | No Comments »See the FT's Lex team commentary below on the sole out-performance of Jordan amidst the ongoing massive global wealth destruction. Note the original was published last Friday, so after Monday's global sell-off, even Jordan is in the red now. clipped from ...
Wall Street crash may offer Gulf investors unparallelled access to U.S. markets
Monday, September 29th, 2008 Posted in Markets, News, SWF | No Comments »Though Gulf nations have certainly felt the aftershocks of Wall Street's crash, including the UAE, which had to pump billions into their public market to sustain liquidity levels, the region may soon join a growing list of institutional and sovereign suitors seeking bargains among the ruins. As the U.S. Congress ...
BREAKING NEWS (UPDATE): Gulf states move toward single currency and creation of central bank in face of Wall Street meltdown
Friday, September 19th, 2008 Posted in Markets | No Comments »Gulf ministers approved a draft for monetary union and creation of a central bank at a meeting in Jeddah on Wednesday. The plan is seen as a concerted effort to calm regional markets while declaring a measure of independence from ...
Gulf equities down, but not out, idiosyncrasies aside
Thursday, September 18th, 2008 Posted in Financial Services, Hedge Funds, Markets, SWF | No Comments »In consecutive days the FT has reported on the situation for equities in the Gulf region (see clipped excerpts below). In spite of the U.S. induced credit withdrawal felt around the world, the fact remains that the Gulf is ...
Qatar to Bankroll Barclays and More
Wednesday, June 18th, 2008 Posted in Markets, SWF | No Comments »Reuters Dubai reports by way of the Financial Times that Qatar's sovereign wealth fund the Qatar Investment Authority (QIA) is considering backing a share issue by Barclays PLC (NYSE ADR: BCS). The issue could approach US$8 billion. QIA has already ...
