Saudi Arabia is close to appointing leading banks - JPMorgan and Morgan Stanley - as lead underwriters on the initial public offering of Saudi Aramco, the world’s largest oil producer, which is aiming to become the most valuable listed c
Morgan Stanley has appointed Ammar Al-Khudairy as chairman of Morgan Stanley Saudi Arabia, succeeding Richard A Debs, according to an internal memo seen by Reuters and confirmed by a bank spokesman.
Al-Khudairy was a founding dire
While the current account penetration in Saudi Arabia’s retail banking sector is high at 98 per cent, only 25 per cent of consumer banking customers have a personal loan, Morgan Stanley said in a research paper.
The low use
Mergers and acquisitions (M&A) worldwide in the second quarter of 2015 almost matched the record set in the second quarter of 2007, according to preliminary Thomson Reuters data, as big companies turned to deals to boost their market share.
Morgan Stanley said in a note on Monday there is a possibility that Organization of Petroleum Exporting Countries (Opec) may raise its oil output quota.
The cartel's present production rate is around 31 million barrels per day
Crude oil prices dipped early on Monday on expectations Opec output would remain high after rising in May, stoking worries of oversupply despite declining US rig operations.
Crude oil prices jumped almost 5 per cent on Friday, the
Oil prices fell by more than a dollar on Monday to near their lowest levels since 2009 after Morgan Stanley cut its price forecast for Brent, saying oversupply will likely peak next year with Opec deciding not to cut output.
After years of strong, if volatile, GDP growth driven by significant debt-fuelled public spending, Qatar is now targeting steadier, more sustainable growth, a report said.
Qatar's economic model will continue to be driven by h
Morgan Stanley has quietly filed plans to build and run one of the first US compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business.
Morgan Stanley's third-quarter revenue jumped 50 per cent, helping adjusted earnings beat expectations, as higher income from equities sales and trading made up for a drop in the Wall Street bank and brokerage's fixed-income business.