Monthly Bulletin

An examination of the latest developments in the Saudi economy and stock market, and the global oil market.

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    Tue, 01 November 2011

    Feature: Petrochemicals dominate third quarter earnings

    Results from listed companies for the third quarter were reasonable. Total net income was the highest since the second quarter of 2008, though it was heavily dependent on the petrochemicals sector.

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    Mon, 01 August 2011

    Feature: US and EU policy shifts to impact Kingdom

    Recent shifts in economic policy in the US and EU are of medium-term significance for Saudi Arabia. A pledge by the US central bank to hold interest rates very low for two more years could prove inflationary, while the recognition of institutional failures in the Eurozone is probably pushing the adoption of a GCC single currency even further back.

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  • Monthly Bulletin May 2011
    Sun, 01 May 2011

    Feature: Healthy current account surplus in 2010

    The official estimate for the current account surplus has been lowered to $66.8 billion (15.4 percent of GDP) in the first detailed quarterly breakdown of the Kingdom’s balance of payments for 2010. The data reveals some interesting trends in trade, investment flows and the development of the non-oil economy.

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  • Monthly Bulletin April 2011
    Fri, 01 April 2011

    Feature: First quarter results affirm tough conditions

    Listed company results show that the first quarter was a tough one for much of the private sector. Petrochemicals was by far the best performing sector, however, this was driven by higher prices and generally greater international sales and did not reflect local or regional conditions. Excluding petrochemicals, total earnings recorded their first quarterly decline since the final quarter of 2009.

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  • Monthly Bulletin February 2011
    Tue, 01 February 2011

    Feature: Banks lead fourth quarter profits

    Profits of listed companies in the fourth quarter of 2010 were much better than in the same period of 2009, but down on those of the third quarter of last year. The year-on-year gain was due to an almost doubling of profits by banks.

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