While the current account penetration in Saudi Arabia’s retail banking sector is high at 98 per cent, only 25 per cent of consumer banking customers have a personal loan, Morgan Stanley said in a research paper.
The low use
Mergers and acquisitions (M&A) worldwide in the second quarter of 2015 almost matched the record set in the second quarter of 2007, according to preliminary Thomson Reuters data, as big companies turned to deals to boost their market share.
Morgan Stanley said in a note on Monday there is a possibility that Organization of Petroleum Exporting Countries (Opec) may raise its oil output quota.
The cartel's present production rate is around 31 million barrels per day
Crude oil prices dipped early on Monday on expectations Opec output would remain high after rising in May, stoking worries of oversupply despite declining US rig operations.
Crude oil prices jumped almost 5 per cent on Friday, the
Oil prices fell by more than a dollar on Monday to near their lowest levels since 2009 after Morgan Stanley cut its price forecast for Brent, saying oversupply will likely peak next year with Opec deciding not to cut output.
After years of strong, if volatile, GDP growth driven by significant debt-fuelled public spending, Qatar is now targeting steadier, more sustainable growth, a report said.
Qatar's economic model will continue to be driven by h
Morgan Stanley has quietly filed plans to build and run one of the first US compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business.
Morgan Stanley's third-quarter revenue jumped 50 per cent, helping adjusted earnings beat expectations, as higher income from equities sales and trading made up for a drop in the Wall Street bank and brokerage's fixed-income business.
Asia-focused bank Standard Chartered has hired Sarmad Lone, previously with Morgan Stanley, to help boost the lender's business with top international companies in the Middle East and north Africa.
Lone has joined the British
Mara Group, a pan-African multi sector conglomerate with headquarters in Dubai, has named Bradford M Gibbs, the managing director of Morgan Stanley, as its third managing partner.
Mara Group is a young and dynamic diversified grou