News – 2012.05.16

May 16, 2012

SUSRISbiz Daily News – Excerpts from International Media Reports
/Provided as a service from the Saudi-US Trade Group, Washington, DC/

Saudi Economy: May 2012 Jadwa Chartbook

May 1, 2012

The Jadwa Investment firm in Riyadh introduced the “Saudi Chartbook” to provide a quick, chart-based briefing on the key developments and trends in the Saudi economy and stock market. SUSRIS is pleased to provide the summary from the April Saudi Chartbook and a link to the complete report, rich with illuminating charts and graphs. SUSRIS thanks Jadwa Investment’s Chief Economist and Head of Research Paul Gamble and Associate Research Director Gasim Abdulkarim for providing this insightful report for your consideration.

Rapid Growth in Saudi Foreign Assets – Jadwa

April 24, 2012

This week Riyadh-based Jadwa Investment circulated a new report on the total foreign assets and liabilities of all components of the Saudi economy, based on data that has become available for the first time. This important report provides details on the Saudi economy as well as context for understanding a nation’s “international investment position.” This report highlights both the strength of the Saudi economy as well as the improvement in transparency and distribution of important economic data in the Kingdom.

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Saudi Arabia Inflation Report – March 2012 – Jadwa

April 11, 2012

This week Riyadh-based Jadwa Investment circulated its monthly Inflation Report which noted the March year-on-year rate of inflation held steady at 5.4 percent. The Jadwa report provides analysis of inflation stats and trends. It is provided here for your consideration. We thank Mr. Paul Gamble and Mr. Brad Bourland, Head of Research and Chief Economist respectively for sharing this report here.

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Jadwa Special Report: Oil Market Boosts Economic Outlook

April 9, 2012

Saudi Arabia’s Minister of Petroleum and Mineral Resources Ali Al-Naimi was critical of high oil prices last month, writing in a Financial Times op-ed: “High international oil prices are bad news. Bad for Europe, bad for the US, bad for emerging economies and bad for the world’s poorest nations. A period of prolonged high prices is bad for all oil producing nations, including Saudi Arabia, and they are bad news for the energy industry more widely.” Well, that may be true but increased revenue is an obvious short term silver lining for Saudi Arabia to be had from a run up of oil prices on the global market and the Kingdom’s increase in production to meet global demand. That combination is likely to press Saudi Arabia’s oil income in 2012 to record highs according to Riyadh-based Jadwa Investment.

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Saudi Arabia Seeks Lower Oil Prices – Ali Naimi

April 9, 2012

High international oil prices are bad news. Bad for Europe, bad for the US, bad for emerging economies and bad for the world’s poorest nations. A period of prolonged high prices is bad for all oil producing nations, including Saudi Arabia, and they are bad news for the energy industry more widely. It is clear that sustained high prices are starting to take their toll on European economic growth targets. They are contributing to trade balance deficits and feeding inflationary pressures. It is an unsatisfactory situation and one Saudi Arabia is keen to help address. In an interconnected world, European economic growth is in our national interest. No one benefits from a stagnating European economy and we want to do what we can to help encourage growth.

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Saudi Economy: April 2012 Jadwa Chartbook

April 4, 2012

Key economic data softened slightly in February, but remained at levels consistent with robust economic growth. Both of the main guides to consumer spending we track dipped in February, but were up by over 20 percent in year-on-year terms.

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Critical Commercial and Economic Ties: A Conversation with Jose Fernandez

April 3, 2012

The advancement of the commercial relationship with Saudi Arabia on the American side, as it does for business ties around the world, in the State Department, is the province of the Bureau of Economic and Business Affairs. Advancing U.S. commercial interests, dubbed “Economic Statecraft,” includes fostering “prosperity at home and abroad,” according to Jose Fernandez, the Assistant Secretary of State in charge of the Bureau. In January Fernandez talked about the key objectives of his Bureau for 2012: continuing to promote growth at home, re-focusing the development agenda, promoting growth abroad, and ensuring safe and fair access for all.

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Special Report: Jadwa Assessment of the Saudi Stock Market 2012

March 29, 2012

Last week the Jadwa Investment firm in Riyadh produced an extremely insightful report on the Tadawul All Share Index (TASI) for 2012 noting the year’s strong start for the index and assessing the prospects for further gains.

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Special Report: Jadwa Assessment of the Saudi Stock Market 2012

March 29, 2012

Last week the Jadwa Investment firm in Riyadh produced an extremely insightful report on the Tadawul All Share Index (TASI) for 2012 noting the year’s strong start for the index and assessing the prospects for further gains.

Read the full article →

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