Tag: Saudi Arabia
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Saudi ETFs: A Smash Hit Among Chinese Onshore Investors
In an evolving global financial landscape, Chinese onshore investors are increasingly turning their attention to Saudi Exchange Traded Funds (ETFs), highlighting a significant shift in investment strategies and international financial alliances. The Rise of Saudi ETFs Saudi ETFs have gained substantial popularity among Chinese investors, driven by several key factors. First, Saudi Arabia’s economic reforms…
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Reflecting on 50 Years of the U.S.-Saudi Arabia Milestone Pact
June 8, 2024, marks the 50th anniversary of a significant event that reshaped the global economic and geopolitical landscape: the signing of the U.S.-Saudi Arabia military and economic agreement. This pact, signed in 1974 by Secretary of State Henry Kissinger and Prince Fand Ibn Abdel Aziz, was a milestone that heralded a new era of…
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Top 10 Countries with Zero Income Tax: A Haven for Expatriates and Investors
For many high-net-worth individuals, entrepreneurs, and retirees, the appeal of relocating to a country with zero income tax is substantial. Such locations offer not only potential financial benefits but also the opportunity to enjoy different lifestyles and climates. Here’s a roundup of the top 10 countries where people can live without paying income tax, making…
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Navigating the Waters of De-Dollarization
China’s Digital Yuan and the Shifting BRICS Dynamics In a landmark move, China has successfully completed its first cross-border oil transaction using the digital yuan, marking a significant milestone in the ongoing global trend of de-dollarization. This development has been further accentuated by the recent inclusion of Saudi Arabia and the United Arab Emirates (UAE)…
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Bahrain Sponsors X-raid Rally Team to Join Dakar Rally in Saudi Arabia
MANAMA, Bahrain, Jan. 2, 2020 /PRNewswire/ — Bahrain announced its participation in the Dakar Rally, to be held in Saudi Arabia from January 5 to 17. The first rally in the Middle East will see the victorious X-raid team racing for Bahrain in their first self-developed and constructed Mini John Cooper Works and Mini John Cooper Works Buggy; the Bahrain team will include champion drivers Stephane Peterhansel and Carlos Sainz and co-drivers Lucas Cruz and Paulo Fiúza.…
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S&P Global Platts: FACTBOX finds crude supply under threat after Saudi Arabia attack
Analysis finds higher Saudi Arabia oil prices would add to the headwinds facing the global economy which could tip it into recession which would itself limit any prolonged period of excessively high oil prices as demand rebalances the market. NEW YORK, Sept. 15, 2019 /PRNewswire/ — S&P Global Platts, part of S&P Global (NYSE: SPGI), released today an…