Finance World

First round of French presidential elections

Euler Hermes, the world’s leading provider of trade-related credit insurance solutions, said in its latest analysis on The Kingdom of Saudi Arabia that the government-initiated actions to address the economy’s heavy dependence on the hydrocarbon sector which accounted for 44 % of GDP in 2016 will take time as long-term projects will face challenges such as the transfer of public sector jobs to the private sector.

According to a report published by the Studies & Commercial Cooperation Department at the Ras Al Khaimah Chamber, based on data from the Ras Al Khaimah Customs Department, foreign trade in the Emirate grew by 11.8% in 2016 compared to 2015.

Big commodity swings have been witnessed during the past month, not least in the farm sector where bloated global stocks and the prospect of another bumper year — weather permitting — have led to heavy selling by hedge funds across both soft commodities and grains. The latter have been hit particularly hard with a net short now seen in all of the key crops.

Steen Jakobsen, the Chief Economist of Saxo Bank, the online multi-asset trading and investment specialist, believes the lack of scientific theory and foresight in the feverish growth of populist ideology in the West could positively impact regional financial markets.