Money managers from Mark Mobius to John Burbank are bullish on Saudi Arabia, where stocks are producing the world’s best risk-adjusted gains in 2012 with lower volatility than longer-term U.S. Treasuries.
The BLOOMBERG RISKLESS RETURN RANKING shows the Tadawul All Share Index climbed 2.5 percent this year through yesterday after adjusting for price swings, the biggest advance among equity gauges in 73 nations, as oil rallied and speculation grew that the world’s biggest crude exporter will remove restrictions on foreign investors. Volatility in Saudi Arabia is the third- lowest among the world’s 25 biggest markets and dropped below that of the Bloomberg/EFFAS U.S. Government 10+ Year Index of long-term bonds for the first time since 1996.
Batelco introduces ICT security to key customers
Batelco, the Kingdom’s leading telecommunications solutions provider in partnership with Palo Alto Networks, held a successful Next-Generation Security Workshop on Thursday 15th January. The workshop
Al Baraka Islamic Bank expands its ATM network
Al Baraka Islamic Bank B.S.C (c) announced the installment of a new ATM in the American Mission Hospital in the Central Manama. This step reflects the implementation of the Bank’s ambitious plan to c