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K.S.A. ECONOMIC SNAPSHOT

The August 2018 chart book by Jadwa Investments provides useful insights into Saudi Arabia’s economy. Real economy Data for June showed mixed economic activity. While PoS transactions were up 6.8 percent year-on-year, ATM transactions were down 4.4 percent, reflecting slower activity during the eid al-fitr holidays. Cement sales continued to drop, with a…

THE GCC CORPORATE BOND MARKET

According to a report by ratings agency S&P, the GCC’s corporate and infrastructure bond (sukuk) market remained subdued in the first half of 2018 while GCC corporate and infrastructure bond issuers raised over $7.6 billion in 2017, the market was subdued in the first half of 2018. Five issuers raised…

K.S.A HOTEL CONSTRUCTION PIPELINE

According to a recent report: “Saudi Arabia Hotel Construction Overview” by TopHotel Projects almost 60 percent of Saudi Arabia’s current construction pipeline of 143 hotels is forecast to open in 2018. Released ahead of the Hotel Show Saudi Arabia last April, the report revealed that 84 hotels comprising 27,281 rooms will open…