| Feature: Oil's surge: what's behind it and what it means for Saudi Arabia |
May 2008 |
Oil prices have hit a series of all-time highs and have the momentum to go up further, even though we think they are now well beyond the level justified by the fundamentals. Saudi Arabia's economic performance will continue to benefit from high oil prices. |
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| Feature: Impact of the weak global economy |
March 2008 |
Global economic conditions have deteriorated significantly and the outlook is uncertain. However, the internal momentum within the Saudi economy is sufficient that global economic conditions may affect the pace of growth, but will certainly not derail it. |
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| Feature: The inflation alleviation plan |
February 2008 |
On January 28 the cabinet approved a 17-point plan to alleviate the impact of rising prices. The package will have positive results due to either higher wages or lower prices. Its impact on overall inflation and the state of public finances will be relatively limited. |
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| Feature: Saudi Arabia’s economic outlook for 2008 |
January 2008 |
We expect economic performance to remain strong in 2008. Growth in the non-oil economy will pick up its fastest rate since the early 1980s and higher oil prices and production will cause the budget and current account surpluses to increase from already exceptionally robust levels. However, inflation is forecast to rise further. |
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| Feature: Saudi stock market: too far, too fast |
December 2007 |
The Saudi stock market index, the TASI, surged through 10,000 in mid-December in the continuation of a rally that has lifted share prices over the second half of the year. We think that the market has overshot and the TASI is currently overvalued. |
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| Feature: Oil Market Developments Boost Economic Outlook |
October 2007 |
Recent oil market developments have improved the economic outlook for Saudi Arabia. Oil prices hit all-time highs in late September despite Opec agreeing to increase production quotas. High prices and rising production will lift economic growth and the budget and external surpluses, and will provide a very healthy backdrop for the non-oil sector. |
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| Feature: How Sub-prime Woes Affect Saudi Arabia |
September 2007 |
A long period of stability on global financial markets has ended as problems in the US “sub-prime” mortgage market have taken their toll on banks around the world. We do not believe that any Saudi institution has significant exposure to US sub-prime mortgage loans, but do feel that the current market turmoil has important implications for Saudi investors. |
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