Saudi Arabia’s authorities have reacted to recent stock market falls by sacking their regulator and forging ahead with a new financial centre. Jon Marks explains.
Middle East
Latest articles from Saudi Arabia
Project finance needs grow
May 2, 2006A new generation of mega-projects is creating huge opportunities for local and ‘suitcase’ bankers, writes Jon Marks in Riyadh.
Boom persists amid bust
April 3, 2006Stock market turbulence should not detract fromthe huge strides being made by the wider Saudi economy, writes Jon Marks in Riyadh.
Saudi’s new bond market beckons
November 7, 2005The pace of Saudi capital market reform is quickening, with the establishment of a secondary market in government bonds, write James Gavin and Jon Marks.
Central bank takes steps to control inflation
July 4, 2005The Saudi Arabian Monetary Authority is trying to curb the surge in money supply in the economy but will prices be kept under control? Dr Nahed Taher reports.
Time share project uses sukuk financing concept
May 2, 2005Farhan Bokhari reports on an innovative new real estate development in Saudi Arabia, which will run on the time-share principle and is being funded via Islamic financing.
Deutsche and ACIC team up for joint venture in Saudi Arabia
May 2, 2005Deutsche Bank and Saudi Arabia’s Al Azizia Commercial Investment Company (ACIC) signed a joint proposal, in mid-April, for the establishment of an investment banking joint venture.
Saudi banks are on a roll
April 4, 2005Saudi Arabia’s banks are enjoying the spoils of buoyant markets, with record-breaking profits spurring ground-breaking deals. Stephen Timewell reports.
Project finance wells
April 4, 2005This year will be remembered for Saudi Arabia’s embrace of project finance after watching from the sidelines, write Kevin Godier and Jon Marks.
Market upswing sees Saudi banks’ profits soar
April 5, 2004The country’s financial sector is reaping the rewards of favourable market forces in the kingdom.