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Saudisation ‘will support economic growth’Saudisation will support economic growth and although the SR2,400 ($640) levy on foreign employees in excess of locals will cause short-term margin pressures, it will result in long-term gains, a report said. “We believe Sau More… |
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Saudi banks to post lower profit in 2013The Saudi Arabian banks are likely to register a lower profit growth this year owing to increasing competition and reduced income from brokerage, according to a report. The pressure on these banks' net interest margin (NIM) wi More… |
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Strong Saudi outlook to benefit telecom sectorSaudi Arabia’s strong macro outlook, coupled with the government’s increasing expenditures, will continue to support growth in the kingdom’s telecom sector, according to a report. More… |
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Islamic fund managers in Gulf opt for foreign domicilesIslamic fund managers in the Gulf are increasingly choosing foreign domiciles for their products, favouring their cost-efficiency and reputation for strong regulation as investors seek to avoid any suspicion of money laundering or tax evasion. More… |
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Saudi retail sector 'set for growth'The Saudi retail sector’s strong earnings growth is expected to continue despite some concern over wage inflation due to Saudization of jobs, a report said. Expansions through opening of n More… |
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New Saudi mortgage law ‘positive, impact in long-term’The partial regulations for the Saudi Mortgage Law published by the Saudi Arabian Monetary Agency (Sama) are positive and will impact the banking sector in the medium to long term, said a report released by NCB Capital. “The More… |
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Global uncertainty ‘affects Saudi petchem’Weak global demand and increasing supply is restricting price growth in Saudi Arabia’s petrochemical sector, said NCB Capital, a leading wealth manager and the kingdom’s largest asset manager. Operational inefficiencie More… |
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Saudi banks profitable despite high provisioningSaudi banks have maintained relatively high profitability for 2012 in spite of high provisioning, said NCB Capital, a leading wealth manager and the kingdom’s largest asset manager, in its latest report on the Saudi banking sector. More… |
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Saudi retail outlook remains strongThe outlook of the Saudi retail sector remains strong with macro as well as micro factors supporting growth, said a new report from NCB Capital, a leading investment company. Volume expansion through opening stores, margin support More… |
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NCB Capital to launch Islamic fundsNCB Capital, Saudi Arabia's largest asset manager, is launching a range of Irish-domiciled Islamic mutual funds, as it seeks to broaden its investor base and appeal to emerging market investors, according to senior executiv More… |
