HBG Holdings RoundTable : Saudia Arabiahttp://www.hbgholdings.com/roundtable.phpFinancial Equity FeedSaudi Government to spend SAR 580bn to drive growth in 2011http://www.hbgholdings.com/rssfeed/199.htmlDecember 01st, 2010

In its annual budget, the Saudi government has announced plans to spend up to SAR 580bn with a higher focus on investing in infrastructure, health and education to spur growth and job creation in 2011. Driven by high oil prices, the Saudi government has decided to increase economic stimulus to encourage sustainable growth. 

 

]]> Money supply resumes growth in June 2010http://www.hbgholdings.com/rssfeed/190.htmlAugust 11th, 2010 Saudi oil official raises awkward but crucial questionshttp://www.hbgholdings.com/rssfeed/185.htmlJuly 06th, 2010 Bracing for Greek contagion Saudi exports could suffer minimally from fallouthttp://www.hbgholdings.com/rssfeed/178.htmlJune 01st, 2010'Trade with Europe, source of almost a third of Saudi imports and destination of 10.6% of exports, could get slightly shaken by debt woes, but impact on trade remains minimal' says a report by Banque Saudi Fransi on concerns over Greece's debt crisis.

]]> Top financiers say bankruptcy law important for Saudi Arabiahttp://www.hbgholdings.com/rssfeed/174.htmlMay 23rd, 2010Christopher Garnett, Director of Euromoney Conferences rounded off the first day of the Euromoney Conference in Riyadh, Saudi Arabia by moderating a lively discussion on Saudi corporate finance.

]]> PE firms to set up offices in Kingdomhttp://www.hbgholdings.com/rssfeed/163.htmlApril 13th, 2010 NCB Capital appoints new CEOhttp://www.hbgholdings.com/rssfeed/161.htmlApril 13th, 2010 Turning the Corner Slowlyhttp://www.hbgholdings.com/rssfeed/159.htmlApril 12th, 2010 Muhammad Al Agil thrills investors at private equity summithttp://www.hbgholdings.com/rssfeed/158.htmlApril 12th, 2010 Kingdom seen to be next big private equity markethttp://www.hbgholdings.com/rssfeed/156.htmlApril 12th, 2010 Bearing the funding burdenhttp://www.hbgholdings.com/rssfeed/152.htmlMarch 30th, 2010 Saudi set to launch index funds for foreignershttp://www.hbgholdings.com/rssfeed/148.htmlMarch 14th, 2010 Global Competitiveness Forumhttp://www.hbgholdings.com/rssfeed/151.htmlMarch 10th, 2010'Although competitiveness can sound like a negative word, it is in fact about teamwork, loyalty and helping other people' said Tony Blair while delivering his Keynote speech on the second day of the Global Competitiveness Forum (GCF) 2010 in Riyadh.

]]> Slow but sure Saudi set for steady recovery in 2010 http://www.hbgholdings.com/rssfeed/145.htmlFebruary 26th, 2010 Saudi Fast Growth 100http://www.hbgholdings.com/rssfeed/124.htmlFebruary 13th, 2010Take a look at this video which is portrays a very different image of Saudi Arabia and shows how policymakers are thinking about the future.

]]> Saudi Banks The tide is turninghttp://www.hbgholdings.com/rssfeed/126.htmlJanuary 22nd, 2010 Saudi Arabia Retail business to grow 21 by 2013http://www.hbgholdings.com/rssfeed/114.htmlJanuary 04th, 2010 Saudi Arabia Open for businesshttp://www.hbgholdings.com/rssfeed/113.htmlJanuary 03rd, 2010Saudi Arabia's budget released on the 14th of December projects a 14% increase in government expenditure next year to a record level of SR540 billion (US$144 billion) according to a report by Banque Saudi Fransi. The intention is to stimulate the economy with particular emphasis on education and infrastructure which are budgeted to rise by 13% and 30% respectively.

]]> Impact on Saudi from Dubai debt fallouthttp://www.hbgholdings.com/rssfeed/112.htmlDecember 30th, 2009 Saudi Arabia Aggressive fiscal stimulus to boost economic growth by 3 during 2010http://www.hbgholdings.com/rssfeed/109.htmlDecember 28th, 2009 Saudi Businessman Buys Struggling Portsmouth FChttp://www.hbgholdings.com/rssfeed/103.htmlOctober 08th, 2009A Saudi business tycoon Ali Al Faraj has bought a 90% stake in the struggling Portsmouth Football Club for an undisclosed amount. He is the 3rd owner of the Portsmouth in 2 months.

It was just 6 weeks ago that Sulaiman Al Fahim, CEO of Hydra Properties (Dubai residents might have seen him on the reality series Hydra Executives), bought the club from Sacha Gaydamak for a rumoured £60 million.

]]> Murdoch in talks with Rotana of Saudihttp://www.hbgholdings.com/rssfeed/90.htmlSeptember 26th, 2009Rupert Murdoch's News Corp is in talks with Saudi billionaire Prince Alwaleed bin Talal to buy a 20 percent stake in broadcaster Rotana Media, the Wall Street Journal reported, citing people familiar with the deal. Kingdom Holdings, the investment vehicle for Prince Alwaleed, is already a major shareholder in News Corporation.

]]> Saudis open hi-tech science oasis - but there is another storyhttp://www.hbgholdings.com/rssfeed/85.htmlSeptember 25th, 2009A new multi-billion dollar science and technology university has opened in Saudi Arabia, according to a report on the BBC News website. You would expect, given the significant wealth of Saudi Arabia, that The King Abdullah University of Science and Technology near Jeddah would boast the best of everything including one of the world's fastest supercomputers.

]]> Saad in settlement with Saudi lendershttp://www.hbgholdings.com/rssfeed/79.htmlSeptember 22nd, 2009Saad Group has struck a deal with local banks to settle more than US$700 million in debts, according to a report in The National.

]]> Saudi the central banker of oilhttp://www.hbgholdings.com/rssfeed/75.htmlSeptember 21st, 2009Saudi Arabia will remain the world's central banker of oil as the world's dependence on the kingdom grows in the coming years. Oil is to remain the world's biggest source of energy for the forseeable future, with Saudi its biggest supplier.

]]> Algosaibi retains 2 2 stake in Sambahttp://www.hbgholdings.com/rssfeed/70.htmlSeptember 18th, 2009There are mixed reports coming out of Saudi Arabia about the status of Algosaibi's shareholding in Samba. Whilst earlier reports suggested that he had stepped down from his position as Chairman and divested his strategic stake, family sources earlier today insisted that the Algosaibi stake remains in tact.

]]> Optimism continues to drop in Q2 09 Have we hit bottomhttp://www.hbgholdings.com/rssfeed/23.htmlJuly 20th, 2009Dun & Bradstreet and National Commercial Bank (NCB) monitor business optimism in the GCC region using the Business Optimism Index (BOI). The quarterly survey randomly selects corporate companies from the D&B database and provides a leading indicator of economic activity.

]]> US Saudi Trade Relationshttp://www.hbgholdings.com/rssfeed/101.htmlJuly 15th, 2009 Food security KSA plans a US 5 3 billion Agriculture Development Fundhttp://www.hbgholdings.com/rssfeed/21.htmlJuly 14th, 2009Saudi Arabia is aggressively seeking food supply diversification through asset acquisition in Africa and Asia. Savola Al Azizia United Co's Managing Director Mr. Sami Baroum acknowledged the support provided by Saudi Government to help expand food processing businesses beyond the national boundaries, reported Bloomberg in March 2009.

]]> From Enron to Ahab Group Corporate Governance continues to be a moving targethttp://www.hbgholdings.com/rssfeed/20.htmlJuly 05th, 2009In Dec 2001, Enron filed for chapter 11 after a six month investigation led to the end of 'America’s most innovative Company' as rated by Fortune. After an in-depth investigation, revealed that Enron had been most innovative with its financial structure the firm's erstwhile auditors Arthur Anderson were dissolved. This really brought to the forefront the critical question: in this era of business and financial complexity, who can the investors really trust?

]]> Declining Confidence Level but the pace is slowinghttp://www.hbgholdings.com/rssfeed/102.htmlJune 20th, 2009 Capital spending doubles in KSA during Q1 09http://www.hbgholdings.com/rssfeed/12.htmlJune 02nd, 2009The Finance Minister of Saudi Arabia, Ibrahim Al-Assaf, addressed the Euromoney Conference in Riyadh last week (May 19, 2009) and suggested that the government had awarded contracts worth over US$11 billion up from US$5.3 billion in the same period last year.

]]> Reform continues in Saudi Arabiahttp://www.hbgholdings.com/rssfeed/8.htmlMarch 02nd, 2009The King of Saudi Arabia announced sweeping changes in government that surprised many observers. The reshuffle affects top positions in education, the courts, the armed forces, the central bank, the religious police and the Shura Council.

]]> Saudi Arabia steers steady economic coursehttp://www.hbgholdings.com/rssfeed/5.htmlJanuary 07th, 2009After seven years of budget surpluses, Saudi Arabia will post a budget deficit of US$17 billion in 2009. This comes a year after the country recorded a budget surplus of US$157 billion fueled primarily by record high oil prices. The timing of the deficit is in line with worldwide expectations of higher government spending to spur growth.

]]> Presentation of credentials by H E Ambassador Abdallah Y Al-Mouallimi Saudi Arabia to Jose Manuel Barroso President of the European Commission http://www.hbgholdings.com/rssfeed/117.htmlMarch 26th, 2008