Oil

أسعار النفط قد لا تكون محفزاً لتنفيذ الإصلاحات

This article was originally published in Al Qabas Analyzing the historical trend of reforms in Kuwait, one can notice that financial services sector is the most regulated and therefore have experienced more reforms while sectors like healthcare and legal saw the least number of reforms. For a balanced and sustained economic growth, an even distribution of reforms across all critical sectors is a must. A popular coffee table discussion in Kuwait is to ask “when will serious reforms come to...

وضعٌ حرج للنفط – أداء إيجابي لسوق الكويت للأوراق المالية في نوفمبر

According to our recently released Monthly Market Review for the month of November, GCC equity markets took a downturn due to the negative performance of the UAE and Saudi Arabian markets. Global equities saw a positive momentum buoyed by a strong recovery in the emerging markets. Kuwait was the best performing GCC market during the month, gaining 1.3% for the month of November. Kuwait finally broke out of its three-month losing streak and became the best performing market in the...

ثبات الأسهم الخليجية خلال سبتمبر برغم طفرة أسعار النفط

According to our recently released Monthly Market Review for the month of September, GCC equity markets remained flat despite the surge in crude oil prices witnessed during the month. Kuwait stock market, however, hogged the limelight as the first part of its integration into the FTSE EM index was effected on September 24th. Consequently, a spike in liquidity was witnessed on September 20th, as the rebalancing was done using the closing prices of 20th September. Kuwait stock market was flat...

الاسواق الكويتية والخليجية تتخلى عن بعض المكاسب في أغسطس

According to our recently released Monthly Market Review for the month of August, the positive momentum that prevailed in the recent months among GCC indices has halted during the month as the investors booked their profits. Turmoil in Turkey and pull out of much and long awaited IPO of Saudi Aramco contributed to the negative sentiment. Kuwait all share index lost 0.7% for the month. Despite the losses registered in this month, Saudi Arabian and Kuwait indices’ returns for the...

الأسهم المصرفية تعطي دفعة للأسواق الخليجية

According to our recently released Monthly Market Review for the month of July, the second half of the year started on a good note for the stock markets of Kuwait and its regional peers, as they continue to yield positive results. Kuwait markets registered a positive performance for the month of July, as its All Share index gained 5.7%, propelling its YTD gains to 9.6%. Among Kuwait’s blue chip companies, Zain, Kuwait Financial House (KFH) and National Bank of Kuwait...

لعبة (سيسو) للسيولة السعودية

This article was originally published in Forbes Middle East. The advantages of the U.S dollar peg for Saudi Arabia have been multi-fold. It has resulted in stable export revenues, reduced transactions costs and a simple yet disciplined macroeconomic policy. This peg is especially important for Saudi Arabia as despite certain measures to diversify, their economy is dependent on oil and gas and connected activities. The oil price plunged in mid-2014, and the currency peg has been under pressure since then....

الأسواق السعودية والكويتية تعتلي موجة ضم مؤشر MSCI

According to our recently released Monthly Market Review for the month of June, GCC Stock Markets continued to post positive results, marking another positive month. The S&P GCC index was up 1.1% for the month and is now up 9.9% for the year, making it as one of the best performing regions in the world. Both MSCI EM and MSCI World were negative for the month. MSCI EM shed 4.6%, while, MSCI World lost 0.2%. The performance of S&P GCC index was...

الغاز الطبيعي فوق النفط: قصة مختلفة

For several decades, gas sector has been on the backseat largely overshadowed by oil, which commanded a larger market compared to the aggregate of all the other commodity markets. Natural gas, the least polluting fossil fuel compared to its peers such as coal and oil is set for a major transformation. The commodity's long-term demand is expected to soar in the coming years due to transition towards a low carbon future and growing usage of natural gas specifically in the...

Why are the breakeven oil prices coming down for GCC countries?

Fiscal breakeven oil prices (in USD/bbl) Source: IMF Fiscal break-even oil price is the minimum oil price needed to meet the spending commitments of oil-exporting country while balancing its budgets [BEP = {(Government Expenditure minus Non-oil revenue)/Oil quantity produced} + per barrel cost of production] (Fiscal Breakeven Oil Price). Prior to the collapse of oil prices, fiscal break-even oil prices were rising rapidly in GCC countries, reflecting the substantial increase in government spending by an annual average of 11 per...

كيف تحاكي أداء سعر سوق النفط الفوري؟ – الجواب هو أن هذا الأمر مستحيل تقريباً.

Crude oil by a wide margin is the most traded commodity in the world and arguably the most important. Having hit lows of less than USD 43 a barrel in the summer, WTI crude has spent the second half of the year on a steadily rising trend and looks set to end 2017 somewhere close to USD 60. The main driving force behind the oil price rise has been OPEC’s decision to maintain oil production cuts that started in December...