Friday, January 15, 2021

The reasons for the success of the Arab economy? | Gulf Economy

 The reasons for the success of the Arab economy? | Gulf Economy

 Arab business

 

Do you know the reasons for the success of the Arab economy? | Arab Economy
Do you know the reasons for the success of the Arab economy? | Arab Economy

 

  Analysts said that the dominance seems to hope that local investors can push their stock price costs to the ideal valuation of $2 trillion and boost this value earlier than any potential overseas listing. Saudi Aramco jointly created a degree in its filing documents to focus on its profitability and low prices through fresh free knowledge. It was once controlled by the Al Saudi royal family as a state secret. The company euphemistically said it was its "current investor" 

 

Saudi economy


However, economic worries and the Sino-US trade war; therefore, the doubling of oil production in the United States and the United States depressed energy costs. The attack on the center of Saudi Aramco on September 14 has frightened some investors. A rating company has downgraded the rating of this major oil company.

 

Saudi economy

  Saudi economy



The President of kingdom Saudi Arabia's Public Investment Fund, also say. "they say they  think to add investors from all the world not only in gulf countries and Asian countries  ."

Amplifying the oil company's facilities is very laborious, officially known as the Arab Oil Company, which produces more than 10 million barrels of oil a day, accounting for about 100% of the world's demand. The company's net profit in 2018 was 111.1 billion U.S. dollars. So many oil giants, BP PLC, Chevron house., Exxon Mobil house., Royal Dutch The combined net profit of Royal Dutch Shell PLC and Total SA far exceeds that.

 

King Mohammed bin Salman of Saudi Arabia.

Saudi Arabia's oil has formed a huge pool of oil on the surface, which greatly reduces the extraction cost. Saudi Aramco jointly proved that the liquid reserves of 226.8 billion barrels, the largest of any company globally, are "approximately five times larger" than the reserves controlled by the five oil giants, in line with the company's commercial documents.

This is a diode investor's clamor for Saudi Aramco stocks because Patrician Mohammed announced in 2016 the two-stage commercial fifty companies in the Kingdom and abroad. Patrician hopes to raise about US$100 billion from investors. These funds can be injected into the Kingdom's PIF sovereign wealth fund to increase employment and major development.

"I believe this is in the interest of the Saudi market, and also in the interest of Aramco." In 2016, Mohammed and his son told the "Social Scientist" magazine when asserting their plans.

 

King Mohammed Bin Salman of Saudi Arabia
King Mohammed Bin Salman of Saudi Arabia

  

 

However, the planned business has been considered for years of delay and overestimation and list abroad. The price of oil once exceeded US$100 per barrel, and in 2014 plummeted below US$30 per barrel. The current trading price of the benchmark Brent Goose crude oil is about US$60 per barrel, which is pushed up by production cuts in countries other than Asian countries, cartels-Russia, and other international organizations. These production cuts have restricted Saudi Arabia's output and continuously pushed up its calculable government deficit next year to nearly US$50 billion.

The Capital Market Authority's announcement did not provide the timetable, the value of the shares, or the company's share of its commercial offering, nor did the officials or documents that Aramco later provided free of charge. Every al-Ramayana and Saudi Aramco executive and president Amin -H-Nasser jointly refused to mention whether there will still be a worldwide listing, also once told reporters in Dakhla (the city where Saudi Aramco's headquarters is located) in the Asian country of Japan.

"Usually, once you choose a quasi-nursing business, you have a target value," also Captain Ranjith Raja, a quasi-nursing petroleum analyst at Refitting, a knowledge company.

 

Al-Arabiya English live broadcast.

 

Based on this, Asian countries may pay more attention to accepting local investors to push up stocks' value, Raja said.

Saudi Arabia's satellite channel Al-Arabia quoted anonymous sources saying last week that the stock's rating could start from the Gregorian calendar month. 17. According to the channel, the final value of the stock was determined on December 4, and then it was listed on Tadawul on December 11. The channel is believed to have close ties with the Kingdom's Al-Saudi royal family and correctly knew that Sunday was due to the launch of the IPO.

 

Al-Arabiya English live broadcast
Al-Arabiya English live broadcast

  .

 

The analyst said that the 2 trillion valuation-for examples, Apple and Microsoft categorically, AR 1 trillion-is also an extension. Affirming to start a business on Sunday, Patrician Mohammad may be persuaded to demand a lower valuation to induce business.

Given its valuation, and therefore, the potential danger of future attacks or government risks, Saudi Aramco has sought to guarantee investors. A statement posted to Aramco's website last month announced that it intends to provide investors with US$75 billion in dividends in 2020. This is the payment per share that an organization distributes to its shareholders because they need to invest in its stock because of the money they return.

It jointly promised that some of the dividends of less than US$75 billion in any one year from 2020 to 2024 would see "non-government shareholders" preferentially induce payment.

 

Saudi drone attack | Saudi Aramco stock


But on the stocks in the distance, people have been worried that another attack might hit Asian countries like the attack on September 14, causing production to stop temporarily. The United States accused the attack of Asian countries. Tehran denied that it had launched the cruise missiles and drones used in the attack. The Houthi rebels in Yemen claimed responsibility. However, analysts say that the weapons used will not have varieties to achieve their goals from areas controlled by the Houthi armed forces in the Republic of Yemen.

 

Saudi drone attack | Saudi Aramco stock
Saudi drone attack | Saudi Aramco stock

 

Amaya

In response to a reporter's question about the safety of Aramco's investment in the nursing side business, AL-Ramayana talked about it. Still, when the attack occurred, the company quickly reshaped its production.

 

Ramayana