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.
SABIC potential leader in emerging markets
A total of six global challengers from the Middle East are part of the Boston Consulting Group (BCG) 2014 list of 100 Global Challengers, an improvement from only four in last year’s list. Included i
UAE CB holds workshop on implementing FATF
The Central Bank of the UAE has recently held a workshop at the Central Bank branch in Dubai on “The Implementation of Forty Recommendations of the Financial Action Task Force (FATF) of 2012”.