Commerce & Finance

Why Are Economists Bullish on Saudi Arabia’s 2011 Economic Prospects
01/04/2011

Why Are Economists Bullish on Saudi Arabia’s 2011 Economic Prospects

As the Saudi stock market,the Tadawul All-Share Index or TASI, reaches its highest point since May of 2010, observers of the economy are optimistic about the Kingdom’s overall prospects in 2011. After all, Saudi Arabia’s economy escaped much of the destabilizing financial turmoil that gripped many economies, especially in the West, since the global economic downturn of 2008. While not without its own domestic and regional challenges ahead in 2011, Saudi Arabia is positioned for good economic performance in 2001.

Saudi Arabia Monetary Indicators – January 2011
01/04/2011

Saudi Arabia Monetary Indicators – January 2011

Editor’s Note: Each month Banque Saudi Fransi (BSF) takes a look at the latest monetary indicators provided by the Saudi Arabian Monetary Agency (SAMA) to produce its “Monetary Indicators” report. The key findings for today’s report include: the 11-month low point of loan-to-deposit ratio of Saudi banks due to month on month private sector credit […]

Ready to Roll: 2011 Saudi Budget – Sfakianakis
12/21/2010

Ready to Roll: 2011 Saudi Budget – Sfakianakis

The Saudi Arabian Council of Ministers endorsed the 2011 budget yesterday demonstrating a commitment to continued “stimulatory spending to develop the economy” according to Dr. John Sfakianakis of Banque Saudi Fransi (BSF). In an email discussing the budget he noted, “the government is committed to continue raising expenditures at a healthy pace while reducing its debt burden.” [Link] In a separate BSF special report, “Ready to roll: Saudi 2011 budget raises stakes, seeks out private sector,” Sfakianakis and his colleagues at BSF provided a comprehensive discussion of the 2011 budget.

Saudi Arabia Monetary Indicators – December 2010
12/09/2010

Saudi Arabia Monetary Indicators – December 2010

Saudi Arabia’s private sector credit growth once again inched higher in October, although declines in deposits and money supply growth lent little impetus to optimism for a decent fourth-quarter turnaround in monetary conditions. Trade and consumer activity, however, appeared to pick up following a weak showing in September, according to the latest data of the Saudi Arabian Monetary Agency (SAMA).

Jobs for Women – Arab News Editorial
12/09/2010

Jobs for Women – Arab News Editorial

In Saudi Arabia, it is not the glass ceiling that is the prime issue, it is the “glass floor.” The two-day Women In Leadership Forum held in Jeddah this week has made is an important contribution to the ongoing process of improving the status of women in Saudi society. This is a country where leaders are held in the highest respect; their views on a wide variety of issues are listened to and commended and their lifestyle and business choices emulated. So when people see — as we do — women taking up leadership positions in banks and businesses, chambers of commerce and municipalities, universities and hospitals, in training, IT and PR companies and even in government and the diplomatic service, it sends a positive message that this is approved at the highest levels and should be spread throughout society. That is indeed happening.

Institutionalizing Empowerment: A Women’s Ministry?
12/09/2010

Institutionalizing Empowerment: A Women’s Ministry?

Perhaps the most significant call to come out of the recent forum “Participation of Women in National Development” was to establish a Ministry for Women’s Affairs. A ministry directed to implement a national strategy to support the empowerment of women in Saudi Arabia would assure that progress is made on one of our society’s greatest impediments. Such a ministry is very much needed to implement equal treatment policies and to put an end to discrimination against women and maximize their contributions toward Saudi Arabia’s economic development.