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Monthly Archives

May 2018

SAUDI ARABIA AND CHINA

What is the current volume of trade between KSA and China? Our statistics indicate that the volume of trade with Saudi Arabia increased from $43 billion in 2016 to $50 billion in 2017. That’s a big increase in a single year. That said, I should note that at one time…

ENERGY, AMBITION AND VISION

After meeting with U.S. President Donald Trump in Washington D.C. on March 19, Saudi Arabia’s crown prince Mohammad bin Salman’s two-week tour of the United States took him to New York, Boston Houston, Seattle, San Francisco and Los Angeles meeting along the way with some of the top political and…

QUARTERLY OIL MARKET UPDATE

Demand is stable The report says three countries are expected to contribute nearly 60 percent of increases in global oil demand in Q2 2018, with China contributing 28 percent, the United States 14 percent and India 15 percent. These three countries, says the report, will also be the main growth…

GCC BANKS ACHIEVE 6% PROFIT GROWTH

The Boston Consulting Group’s (BCG) annual banking index, released last month, revealed that the GCC banking industry grew in 2017 at 2.3 percent, lower than in 2016. Growth stemmed almost exclusively from retail and corporate banking. While, there was a significant decline in revenue growth,the upside was that banks were…

DEVELOPING AN ENTREPRENEURSHIP ECOSYSTEM

In 2015, Saudi Arabia’s gross domestic product was estimated at SAR 597.3 billion ($159.3 billion). At that time, the World Bank’s Global Competitiveness Report (GCR) ranked the kingdom’s economy 25th out of 144 countries. The Saudi economy was characterised as one that was “transitioning” from “factor-driven” to “efficiency-driven,” a position…

A PASSION FOR CLEAN OCEANS

Beitling CEO Georges Kern is impressed by Ocean Conservancy and the work it has done since it was founded in 1972. “As global corporate citizens, we are thrilled to be able to support Ocean Conservancy’s mission of maintaining a healthy ocean” he says. “The organisation has an impressive track record…