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Arabian Centres IPO Postponed Two Days, But will Still Make History

arabian-centers
Saudi Arabia’s largest share offering in four years for Arabian Centres shopping malls has been postponed for two days amid rising geopolitical tensions and a looming trade war between the U.S. and China, but when trading begins, it will still be a historic moment for Saudi Arabia's markets.

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Security

Bomb-carrying drone from Yemen rebels targets Saudi airport

Yemen’s Iranian-allied Houthi rebels said Tuesday they attacked a Saudi airport and military base with a bomb-laden drone, an assault acknowledged by the kingdom as ...

 

Arabian Centres IPO

This is the biggest Saudi IPO in almost five years — and the first to be sold directly to U.S. investors

The flotation of Arabian Centres is a key test of international investor sentiment in the Kingdom since the death of dissident journalist Jamal Kashoggi last ...

 

Oil Markets

Hot summer complicates Saudi Arabia’s oil balancing act

Saudi Arabia's seasonal spike in domestic oil consumption to fuel power plants comes at an inconvenient time for the OPEC kingpin, which is under increasing ...

 

Economy

Saudi consumer prices fall in April for fourth month in a row

Saudi Arabian consumer prices fell 1.9 percent year-on-year in April for the fourth month in a row but were unchanged from March, data from the ...

 

Desalination

Acciona reaches $600m financial close on Saudi desalination project

ACCIONA, a leading company in the development of water infrastructure, together with Marubeni Corporation, Almar and Rawafid Alhadarah Holding Co., has achieved the financial close ...

 

Blockchain

Launching a New Remittance Corridor from Saudi Arabia to India

India received the most remittance volume in the world in 2018 at $79 billion, making it a critical and highly desirable corridor for many financial ...

 

KAEC

Al Salem Johnson Controls (YORK) relocates factory to KAEC’s Industrial Valley

As part of its continued efforts to develop its business in the region's markets, and contribute to the diversification of the Saudi economy, in line ...

 

Dakar Rally

Saudi Arabia opens registration for Dakar Rally 2020

The Saudi General Sports Authority (GSA), a co-organizer along with the Saudi Arabian Motor Federation and Amaury Sport Organization, said registrations opened on May 15 ...

 

Turkey

Turkey groans under economic pressure from Saudis

Tensions between Turkey and the Kingdom of Saudi Arabia are spilling over into the economic realm with the Riyadh Chamber of Commerce and Industry warning Saudis ...

 

Culture

Three historical mosques in Hail to be restored under Saudi crown prince project

Three mosques in the region of Hail have joined the first phase of Prince Mohammed Bin Salman Project for Developing Historical Mosques in the Kingdom, ...

 

Shipping

Italy unions refuse to load Saudi ship in protest over Yemen war

The Bahri-Yanbu vessel loaded arms in the Belgian city of Antwerp earlier this month, but was prevented from picking up another consignment of weapons in ...

 

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Regional and related topics

OECD Forecast

US-China trade uncertainty is ‘the enemy of growth,’ OECD warns as it slashes forecasts

Gurria said trade tensions were impacting growth and investment and had made the OECD shave almost 1% of its own global growth predictions in the ...

 

U.S. Congress

US lawmakers clash on Iran intelligence before briefing

Acting Defense Secretary Patrick Shanahan and General Joseph Dunford, the chairman of the joint chiefs of staff, will head Tuesday to the US Capitol to ...

 

Indian Ocean

Gulf Arab States Position Themselves to be Pivotal Players in the Indian Ocean

By investing politically and economically in the small states of the Indian Ocean, both on its African and Asian shores, Gulf Arab states are positioning ...

 

Iran

Reports: Iran quadruples production of enriched uranium

Iranian officials made a point to stress that the uranium would be enriched only to the 3.67% limit set under the 2015 nuclear deal with ...

 

Iraq in the Middle

Iraqi Shiite figures warn US-Iran war could ‘burn’ Iraq

On Monday, two influential Shiite clerics and a leading politician — all with close ties to Iran — warned that Iraq could once again get ...

 

Iran

How Iran’s reach puts U.S. forces, allies in striking range

Here is an outline of ways in which Iran could strike at the more powerful United States, and its regional allies and interests, if their ...

 

UAE Gold Card

UAE Gold Card Visa Permanent Residency Scheme Announced by Dubai Ruler

HH Sheikh Mohammed says 6,800 talented individuals with $27.2bn of investment will make up first batch of recipients ...

 

War in Yemen

Yemen’s Civil War Is Spilling Deeper Into Gulf Region

The kingdom sees various militias, including the Houthis in Yemen and Hezbollah in Lebanon, as arms of the Revolutionary Guard, which has been designated a ...

 

Palestine

Palestinian Business Leaders Reject Trump’s Economic Overture

Promising tens of billions of dollars in foreign investment as part of its peace plan for the Mideast, the Trump administration announced an “economic workshop” ...

 

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