Global Investor (February Issue)
“Initial public offerings (IPOs) in the Middle East and North Africa (Mena) region are gathering momentum, with a burgeoning pipeline of deals and renewed optimism of further supply stretching into the future.” Saudi Arabia’s Tadawul Exchange is predicted to be the region’s most active, followed by the Dubai Financial Market, Qatar Exchange and the Abu Dhabi Exchange. “However, some of these companies could look to the London Stock Exchange due to its wider access to international investors. The dearth of liquidity in regional compared with global exchanges remains a challenge for local IPOs.”
Tags: Abu Dhabi Exchange, Dubai Financial Market, Exchanges, Global, Investors, IPOs, Liquidity, LSE, Middle East, Momentum, North Africa, Pipeline, Qatar Exchange, Regional, Saudi Arabia, Supply, Tadawul Exchange
Chicago Tribune (November 13, 2013)
“It used to be the tallest building in America. It used to be the tallest in the world. It used to be the Sears Tower. Now Chicago’s Willis Tower is second, um, banana to New York’s not-yet-completed One World Trade Center, which was declared tallest in the nation.” And it’s not just Chicago that has lost the skyscraper race. “The U.S. has all but conceded the skyscraper Olympics to cities like Dubai, Taipei, Hong Kong and Shanghai. Eight of the world’s 10 tallest buildings are in the Middle East and Asia. Saudi Arabia’s Kingdom Tower, now under construction, will be 3,281 feet tall.”
Tags: Chicago, Dubai, Hong Kong, New York, One World Trade Center, Saudi Arabia, Sears Tower, Shanghai, Skyscraper, Taipei, Tallest, U.S., Willis Tower
Wall Street Journal (November 4)
By year end, the U.S. is likely to unseat Russia and become the second largest global producer of liquid fuels. The U.S. is now well positioned to escape the capricious yoke of OPEC and “even could surpass Saudi Arabia to become the leading global producer within the next decade.” Former Secretary of State George Schultz and FedEx CEO Fred Smith write, the nation’s leaders should “embrace both the supply revolution now well under way and the emerging demand revolution in oil-displacement technology that, together, promise a more secure and prosperous future.”
Tags: Demand, Energy security, FedEx, Fred Smith, Fuel, Future, George Schultz, Oil-displacement, OPEC, Producer, Revolution, Russia, Saudi Arabia, Supply, Technology, U.S.
Washington Post (August 22)
“Watching Saudi Arabia and other wealthy Gulf states line up behind the bloody counterrevolution in Egypt, you can’t help suspecting that these conservative monarchies are ready to fight to the last Egyptian against the Muslim Brotherhood — waging what amounts to a proxy war against the regional threat of Islamist extremism.”
Tags: Counterrevolution, Egypt, Gulf states, Islamist extremism, Monarchies, Muslim Brotherhood, Proxy war, Regional threat, Saudi Arabia
National Geographic (November 12)
“In an indication how ‘fracking’ is reshaping the global energy picture, the International Energy Agency today projected that the United States will overtake Saudi Arabia as the world’s largest oil producer by 2017. And within just three years, the United States will unseat Russia as the largest producer of natural gas. Both results would have been unthinkable even few short years ago.”
Tags: Fracking, IEA, Natural gas, Oil, Producer, Russia, Saudi Arabia, U.S.
The Financial Times (July 19)
What a difference a decade makes! In 2009, China consumed 2,252 million tons of oil equivalent, approximately 4% more than the U.S. In 2000, the U.S. used twice as much energy as China! China has also replaced the U.S. as Saudi Arabia’s biggest oil customer and Japan as the world’s largest importer of coal.
What a difference a decade makes! China passed the U.S., consuming 2,252 million tons of oil equivalent in 2009, approximately 4% more than the U.S. In 2000, the U.S. used twice as much energy as China! China has also become the world’s largest importer of coal and Saudi Arabia’s biggest market for oil exports.
