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Kingdom Holding
08 июня, 19:25

PREVIEW - Brexit or Not: The Future of the European Union

The next test for Europe comes on June 23rd. That’s when the United Kingdom holds a referendum on whether it will leave the European Union.The impact of the Brexit debate is already being felt, but what would a British exit really mean for Europe? And how will markets react? As the world awaits the referendum, join Stratfor and Senior Europe Analyst Adriano Bosoni for a live webcast on what led us to this point and what a potential Brexit signals for the future of the European Union. LINK to Register: http://hubs.ly/H03fcHj0

18 мая, 20:01

After 9/11 Bill, Could Saudi Arabia Really Sell All Its U.S. Assets?

It’s easier to make a $750 billion threat than carry it out. The Senate on Tuesday unanimously passed a bill that would allow families of 9/11 victims to sue Saudi Arabia for its alleged connection to the attacks, pushing the kingdom one step closer to having to follow through on its pledge to sell hundreds of billions of dollars of United States assets that could be frozen by the courts. Carrying out that divestment pledge will be a long, difficult, complicated and likely costly process.  “The idea that they could just flip a switch and sell them all, it just doesn’t compute,” George Pearkes of Bespoke Investment Group, an independent research firm, told HuffPost. “It’s just too much. No one’s going to be able to take that risk off your book,” Pearkes said, using the industry term for a portfolio. "You’re going to lose money doing it because everyone knows you’re going to do it, and ... it immediately has an impact on your currency and balance of payments,” he added, noting that the Saudi currency is pegged to the U.S. dollar and the kingdom continually receives dollars for its oil exports. The exact value of the Saudis' U.S. assets is unclear. The Saudi foreign minister told members of Congress that the kingdom's U.S. assets are worth $750 billion. But the number is likely lower, Edwin Truman of the Peterson Institute for International Economics told The Huffington Post. He puts the number between $360 and $450 billion. The White House reiterated Tuesday that President Barack Obama is “strongly opposed” to the bill and hinted he would veto it if it passed the House, believing it puts American citizens and the U.S. government at legal risk, The Huffington Post's Jennifer Bendery reported. The White House is aware of the Saudis' threat to sell U.S. assets, but even in the most liquid market in the world -- U.S. Treasuries -- they would have trouble simply dumping their American holdings. The kingdom holds $117 billion in U.S. Treasuries in onshore accounts and likely more in European accounts, according to the Treasury Department, which on Monday released the number for the first time, in response to a Freedom of Information Act request by Bloomberg. The Treasuries market is huge at about $500 billion worth of trades a day, but Pearkes pointed out that “so much of that volume is essentially transitory or intermediary-based. It’s people pushing risk through the system and in small chunks at a time. ... The thing you have to remember is that the total risk exchanged between end users is a lot smaller than the total volume.” Trying to find someone who could do one big trade for $117 billion in Treasuries “is just nuts,” Pearkes said. Given enough time, however, a determined seller can unload hundreds of billions of dollars of Treasuries, Bradley Setser, former deputy assistant secretary for international economic analysis at the Treasury Department and now a senior fellow at the Council on Foreign Relations, told HuffPost. He pointed to China, which has sold about $200 billion in U.S. government bonds to support its currency and stimulate its flagging economy over the past year. Of course, once you’ve sold something, there’s the question of what to do with the cash, which is a difficult question to answer when the sums are in the hundreds of billions of dollars. It’s possible that the Saudis could strike a deal with banks to deposit the cash. (The kingdom currently has $188 billion on deposit in foreign banks, according to the International Monetary Fund.) But because a deposit is a liability on a bank’s balance sheet, that merely pushes the question of what to buy with the cash onto someone else. A bank is likely to charge a fee to take on that headache. Another option for the Saudi government, Setser said, would be to move its U.S Treasuries and other American assets to a fund manager outside the reach of U.S. courts, creating a sort of index fund. Or they could set up a series of swaps contracts to replicate their current holdings, which would allow the Saudis to sell their U.S. assets while retaining the profits and losses they would get if they still owned them. There’s also the problem we mentioned earlier: The kingdom’s currency is pegged to the U.S. dollar. “It is impossible to get completely out of dollars and to maintain a dollar peg," Setser said. "That’s fairly straightforward.” In other words, the Saudis may sell some assets and move others where the U.S. legal system can’t touch them, but wholesale divestment just isn’t possible. Representatives at the Saudi embassy in Washington did not return a request for comment.  -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

18 мая, 20:01

After 9/11 Bill, Could Saudi Arabia Really Sell All Its U.S. Assets?

It’s easier to make a $750 billion threat than carry it out. The Senate on Tuesday unanimously passed a bill that would allow families of 9/11 victims to sue Saudi Arabia for its alleged connection to the attacks, pushing the kingdom one step closer to having to follow through on its pledge to sell hundreds of billions of dollars of United States assets that could be frozen by the courts. Carrying out that divestment pledge will be a long, difficult, complicated and likely costly process.  “The idea that they could just flip a switch and sell them all, it just doesn’t compute,” George Pearkes of Bespoke Investment Group, an independent research firm, told HuffPost. “It’s just too much. No one’s going to be able to take that risk off your book,” Pearkes said, using the industry term for a portfolio. "You’re going to lose money doing it because everyone knows you’re going to do it, and ... it immediately has an impact on your currency and balance of payments,” he added, noting that the Saudi currency is pegged to the U.S. dollar and the kingdom continually receives dollars for its oil exports. The exact value of the Saudis' U.S. assets is unclear. The Saudi foreign minister told members of Congress that the kingdom's U.S. assets are worth $750 billion. But the number is likely lower, Edwin Truman of the Peterson Institute for International Economics told The Huffington Post. He puts the number between $360 and $450 billion. The White House reiterated Tuesday that President Barack Obama is “strongly opposed” to the bill and hinted he would veto it if it passed the House, believing it puts American citizens and the U.S. government at legal risk, The Huffington Post's Jennifer Bendery reported. The White House is aware of the Saudis' threat to sell U.S. assets, but even in the most liquid market in the world -- U.S. Treasuries -- they would have trouble simply dumping their American holdings. The kingdom holds $117 billion in U.S. Treasuries in onshore accounts and likely more in European accounts, according to the Treasury Department, which on Monday released the number for the first time, in response to a Freedom of Information Act request by Bloomberg. The Treasuries market is huge at about $500 billion worth of trades a day, but Pearkes pointed out that “so much of that volume is essentially transitory or intermediary-based. It’s people pushing risk through the system and in small chunks at a time. ... The thing you have to remember is that the total risk exchanged between end users is a lot smaller than the total volume.” Trying to find someone who could do one big trade for $117 billion in Treasuries “is just nuts,” Pearkes said. Given enough time, however, a determined seller can unload hundreds of billions of dollars of Treasuries, Bradley Setser, former deputy assistant secretary for international economic analysis at the Treasury Department and now a senior fellow at the Council on Foreign Relations, told HuffPost. He pointed to China, which has sold about $200 billion in U.S. government bonds to support its currency and stimulate its flagging economy over the past year. Of course, once you’ve sold something, there’s the question of what to do with the cash, which is a difficult question to answer when the sums are in the hundreds of billions of dollars. It’s possible that the Saudis could strike a deal with banks to deposit the cash. (The kingdom currently has $188 billion on deposit in foreign banks, according to the International Monetary Fund.) But because a deposit is a liability on a bank’s balance sheet, that merely pushes the question of what to buy with the cash onto someone else. A bank is likely to charge a fee to take on that headache. Another option for the Saudi government, Setser said, would be to move its U.S Treasuries and other American assets to a fund manager outside the reach of U.S. courts, creating a sort of index fund. Or they could set up a series of swaps contracts to replicate their current holdings, which would allow the Saudis to sell their U.S. assets while retaining the profits and losses they would get if they still owned them. There’s also the problem we mentioned earlier: The kingdom’s currency is pegged to the U.S. dollar. “It is impossible to get completely out of dollars and to maintain a dollar peg," Setser said. "That’s fairly straightforward.” In other words, the Saudis may sell some assets and move others where the U.S. legal system can’t touch them, but wholesale divestment just isn’t possible. Representatives at the Saudi embassy in Washington did not return a request for comment.  -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

01 апреля, 17:39

The Growth of The Muslim Economy and Its Worth

Muslims are by nature enterprising individuals, and the rate at which the burgeoning yet steady Muslim economy is growing is at most, double the global rate. According to a report by Dinar Standard, Muslim consumers spent approximately $1.8 trillion on food and lifestyle in 2014 alone and the numbers are expected to increase to approximately $2.6 trillion by the year 2020. The current global assets of Islamic banks exceed the $1.3 million mark and are expected to more than triple by the year 2020. Muslims have been making landmark strides in all categories of business including Islamic finance, travel, fashion, online e- commerce etc. Both male and female Muslim entrepreneurs are breaking the usual stereotypes and are coming up with enterprising ventures. In fact, the past years have seen the rise of more women entrepreneurs dealing in Islamic businesses such as Islamic fashion, which is expected to be worth $327 billion by the year 2020. We believe that while the Islamic economy has a huge potential for further growth and improvement, the synergistic opportunities for growth and investment show even more potential. With the steady strides and leaps technology, wealth acquisition has become an even more automated process with the rise of internet millionaires. Several Muslim businesses are gaining momentum due to the internet and we are witnessing a surge of internet millionaires. In addition to that, we cannot underestimate the worth of Muslim entrepreneurs in the rise of the global economy. A few top Muslim entrepreneurs and their business interests include: Prince Al-Waleed Bin Talal Alsaud With a net worth of over US $ 26.1 billion, Prince Waleed is one of the wealthiest men on earth. He is the CEO and founder of the famous investment firm, the Kingdom Holding Company, also a Forbes Global 2000 company. He has varied interests in different sectors including banking, technology, petroleum, hotels and so on. Azim Premji Azim has been listed more than once among "The 100 Most Influential Men" in Times magazine. With a net worth of approximately $ 17.5 billion, Premji is a force to reckon with. Azim is the chairman of Wipro Limited, which deals in hydrogenated cooking fat company. The company was valued at a mere US $ 2 million but turned into a goldmine under the skilled leadership of Premji whose influence led the company to achieve a US $ 7 billion turnover. He also has major stakes in IT companies. Mohammed Al Amoudi The African/Arab business mogul originally started off from real estate and construction, and from there, expanded his wealth to other sectors. He has major holdings in oil refineries in Sweden and Morocco. Additionally, he holds large stakes in two conglomerates Corral Petroleum holdings and MIDROC. Al Amoudi is worth US $ 11 billion. Iskander Mukhmodov Mukhmodov is well worth over US $ 3.3 billion. He initially began with a business position in Russia's largest metal manufacturer and later switched to an industrial finance company JSC Alice as the CEO. He currently owns UGMK Holdings which is a metallurgical company and major copper producer. Suleiman Kerimov Suleiman is features among the top 10 Muslim businessmen in the world. He is also a Russian politician. Suleiman began his career as a simple accountant at an electrical plant and was promoted to the position of Deputy Director General within a short span of time. His fortunes took a turn for the better when he was appointed to lead Soyuz-Finans, a banking and trading company from where he got more influence and power. He also has business interests in the aviation industry, other than banks. Suleiman Kerimov's net worth is estimated to be at US $ 6.5 million. Also among the notable Muslim entrepreneurs of today is Com Mirza who is dubbed "the $ 500 million man" because his net worth is well over half a billion. Com is an embodiment of hard work and perseverance. He started a lemonade business at the age of seven and has since then donned various hats including that of a serial entrepreneur, venture capitalist and investor. His business interests vary from real estate to hotel franchises, agriculture, tourism and several online businesses. With companies spanning over 27 countries, Mirza is a prime example of a successful Muslim entrepreneur. Furthermore, more and more Muslims are finding success with online ventures including e-commerce stores and affiliate marketing. With several courses and materials like podcasts, learning the methods employed by the rich and successful entrepreneurs can be emulated by everyone. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

01 февраля, 18:30

How Would A Saudi Aramco IPO Affect Global Crude Oil Reserve Estimates?

The Kingdom Tower, operated by Kingdom Holding Co., left, stands alongside the King Fahd highway, illuminated by the light trails of passing traffic, in Riyadh, Saudi Arabia, on Saturday, Jan. 9, 2016. Saudi Arabian stocks led Gulf Arab markets lower after oil extended its slump from the lowest close since [...]

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24 декабря 2015, 09:31

Saudi's Kingdom Holding among group investing $247.7 mln in Lyft

DUBAI, Dec 24 (Reuters) - Saudi Arabia's Kingdom Holding , the investment firm of billionaire Prince Alwaleed bin Talal, said on Thursday it had led a group of investors which bought 5.3 percent of U.S. ride-hailing firm Lyft Inc for $247.7 million.

15 декабря 2015, 00:06

Trump Warns "Dopey" Saudi Prince "Can’t Buy US Politicians When I Get Elected"; Religious Discrimination of Saudi Prince vs. Trump

Entertainment ValueRegardless of your other opinions on Donald Trump, he is good for at least one thing in what would otherwise be a rather boring election campaign: entertainment. And so it was over the weekend after Saudi prince Bin Talal tweeted to Donald Trump "You are a disgrace not only to the GOP but to all America. Withdraw from the U.S. presidential race as you will never win.”Trump, Saudi Prince Exchange Hostile Tweets Trump smacked back Your Days Of Buying Off American Politicians Will Be Over If I Am Elected President. Republican presidential front-runner Donald Trump is returning fire against the Saudi prince who told him to drop out of the White House race.Trump called billionaire Prince Alwaleed Bin Talal “dopey” and accused him of trying to buy U.S. politicians with “daddy’s money” in a tweet late Friday.“Dopey Prince @Alwaleed_Talal wants to control our U.S. politicians with daddy’s money. Can’t do it when I get elected,” Republican presidential front-runner Donald J. Trump tweeted after the prince told him to end his White House bid.Has Saudi Arabia Taken Any Syrian Refugees?The Independent reports Donald Trump calls on Saudi Arabia to take in refugees after spat with Saudi Prince. Hot on the heels of demanding all Muslims be banned from the US, Donald Trump has called on Saudi Arabia to take in Syrian refugees.Mr Trump made the demand on Twitter writing: “Has [...] Saudi Arabia, taken any of the Syrian refugees? If not, why not?”The comment comes after Mr Trump became embroiled in a row with Saudi Prince Alwaleed, the chairman of Kingdom Holding, who branded the businessman was “a disgrace” and should withdraw from the presidential race following his controversial remarks about the apparent threat posed by Muslims.Religious Immigration Bans OK Unless It's Against Your ReligionThe Daily Caller notes the hypocrisy of Saudi Arabia in its post Why Won’t The Saudis Who Resent Trump Drop Their Ban On Jews?The online bickering between Republican presidential candidate Donald Trump and his fellow billionaire Saudi Prince Alwaleed bin Talal over Trump’s proposal to ban Muslim immigration is seeped with irony: For decades, Saudi Arabia has had a near-total ban on granting visas to Jews.America’s protestations of this blatant bigotry have been largely muted, apparently in deference to the sensibilities our oil-rich ally.Clearly, the Saudis are not taking a principled stand against religion-based visa discrimination. They think discriminating against a religion is perfectly fine – as long as it’s not their religion.(To be clear, I abhor Trump’s proposed policy. That does not detract from the outrageous Saudi inconsistency on the matter.)The Saudi approach is consistent with Muslim attitudes toward “blaspheming” their prophet. During the 2005 controversy over cartoons depicting Mohammad, Muslims around the world claimed it was wrong to criticize people’s religions – but they never objected to images and artwork criticizing Christianity and other non-Muslim religions.And that’s the point. Most Muslim countries and many of their citizens do not share Western-style values of tolerance and respect. They do not tolerate and respect other religions; they just want special treatment for Islam.The Democrats and Republicans who have been rushing to attack Trump’s comments about Muslims who visit America would be wise to condemn religion-based discrimination in all parts of the world. And the Saudis could demonstrate that their protests are based on principle rather than self-interest by changing their visa policies and finally welcoming Israelis and other Jews who wish to visit.I’m not holding my breath.How this plays out to US voters remains to be seen.Mike "Mish" ShedlockMike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

12 декабря 2015, 11:57

Саудовский принц: "Дональд Трамп - позор для всей Америки"

Также Аль-Валид бен Талал потребовал, чтобы фаворит от республиканцев вышел из президентской гонки в США

10 декабря 2015, 14:45

Accor приобретет FRHI Holdings за $3 млрд

Крупнейшая в Европе гостиничная сеть Accor договорилась о приобретении своего конкурента FRHI Holdings, базирующегося в Канаде и владеющего такими брендами, как Fairmont, Raffles и Swissotel. Сообщается, что сумма сделки, завершение которой запланировано на середину 2016 года, составит около $3 млрд наличными и акциями. Так, акционеры FRHI Holdings, которыми являются Qatar Investment Authority и Kingdom Holding Company of Saudi Arabia, получат $840 млн наличными и 46,7 млн новых акций Accor. При этом, по условиям соглашения, Qatar Investment Authority станет владельцем 10,5% акций Accor, а Kingdom Holding Company of Saudi Arabia будет принадлежать 5,8%-ная доля Accor.

10 декабря 2015, 10:14

Accor приобретет FRHI Holdings за $3 млрд

Крупнейшая в Европе гостиничная сеть Accor договорилась о приобретении своего конкурента FRHI Holdings, базирующегося в Канаде и владеющего такими брендами, как Fairmont, Raffles и Swissotel. Сообщается, что сумма сделки, завершение которой запланировано на середину 2016 года, составит около $3 млрд наличными и акциями. Так, акционеры FRHI Holdings, которыми являются Qatar Investment Authority и Kingdom Holding Company of Saudi Arabia, получат $840 млн наличными и 46,7 млн новых акций Accor. При этом, по условиям соглашения, Qatar Investment Authority станет владельцем 10,5% акций Accor, а Kingdom Holding Company of Saudi Arabia будет принадлежать 5,8%-ная доля Accor.

08 октября 2015, 22:55

Saudi Prince Increases Stake in Twitter (TWTR) to Over 5%

Saudi Arabian prince Alwaleed bin Talal and his investment company Kingdom Holding Company have increased their stake to over 5% in Twitter, Inc. (TWTR).

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07 октября 2015, 16:56

Саудовский принц и его инвесткомпания удвоили долю в Twitter

Саудовский принц аль-Валид бин Талал бин Абдулазиз аль-Сауд и его инвестиционная компания Kingdom Holding (KHC) увеличила пакет акций в компании Twitter до более чем 5%, " target="_blank">сообщается на сайте KHC. По данным агентства AP, за полтора месяца совместная доля принца и его компании в сервисе была удвоена. Вместе с недавно приобретенными акциями принц аль-Валид бин Талал бин Абдулазиз аль-Сауд является владельцем 30,1 млн акций в Twitter, а KHC — владельцем 4,85 млн.

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07 октября 2015, 16:56

Саудовский принц и его инвесткомпания удвоили долю в Twitter

Саудовский принц аль-Валид бин Талал бин Абдулазиз аль-Сауд и его инвестиционная компания Kingdom Holding (KHC) увеличила пакет акций в компании Twitter до более чем 5%, " target="_blank">сообщается на сайте KHC. По данным агентства AP, за полтора месяца совместная доля принца и его компании в сервисе была удвоена. Вместе с недавно приобретенными акциями принц аль-Валид бин Талал бин Абдулазиз аль-Сауд является владельцем 30,1 млн акций в Twitter, а KHC — владельцем 4,85 млн.

07 октября 2015, 15:38

Доля саудовского принца и его инвесткомпании в Twitter превысила 5%

Саудовский принц аль-Валид ибн Талал и принадлежащая ему инвесткомпания Kingdom Holdings увеличили долю в Twitter до более 5%, сообщает агентство Bloomberg со ссылкой на сообщение, полученное из офиса принца.

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07 октября 2015, 13:05

«Аравийский Уоррен Баффет» удвоил свою долю в Twitter

Совместная доля саудовского принца и инвестора аль-Валида и его компании в сервисе теперь составляет более пяти процентов

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07 октября 2015, 11:55

UPDATE 1-Saudi Prince Alwaleed's Kingdom Holding raises Twitter stake

DUBAI, Oct 7 (Reuters) - Saudi Arabian billionaire Prince Alwaleed bin Talal and his investment firm Kingdom Holding now together own more than 5 percent of Twitter Inc , the prince's office said on Wednesday.

07 октября 2015, 10:13

Saudi's Kingdom Holding pays $50 mln to raise Twitter stake to 0.72 pct

DUBAI, Oct 7 (Reuters) - Saudi Arabia's Kingdom Holding has paid $50 million to double its stake in microblogging site Twitter Inc, the Riyadh-based company said on Wednesday.

24 августа 2015, 16:15

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 5.88%

Saudi Arabia stocks were lower after the close on Monday, as losses in the Insurance, Real Estate Development and Petrochemicals sectors led shares lower. At the close in Saudi Arabia, the Tadawul All Share lost 5.88% to hit a new 52-week low. The best performers of the session on the Tadawul All Share were Kingdom Holding Company (SE:4280), which rose 4.74% or 0.86 points to trade at 19.00 at the close. Meanwhile, Halwani Bros (SE:6001) added 4.28% or 2.75 points to end at 67.00 and Saudi Transport&Investment Co (SE:4110) was up 2.71% or 1.45 points to 55.00 in late trade. The worst performers of the session were United Electronics Company (SE:4003), which fell 10.00% or 5.40 points to trade at 48.60 at the close. The Company for Coop. Insurance (SE:8010) declined 9.99% or 8.38 points to end at 75.50 and Allianz Saudi Fransi Cooperative Insurance Company (SE:8040) was down 9.97% or 3.50 points to 31.60. Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 157 to 9. Shares in United Electronics Company (SE:4003) fell to all time lows; falling 10.00% or 5.40 to 48.60. Crude oil for October delivery was down 4.13% or 1.67 to $38.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 4.12% or 1.88 to hit $43.59 a barrel, while the December Gold contract rose 0.60% or 6.90 to trade at $1166.50 a troy ounce. EUR/SAR was up 2.60% to 4.3834, while USD/SAR fell 0.04% to 3.7500. The US Dollar Index was down 2.11% at 92.84.