Having trouble reading this email? View it in your browser JadoPado founder drops plans for Middle East crypto exchange Omar Kassim says regulators, banking sector and decline in crypto asset values made establishing BitPado as a profitable business would be a struggle More foreign money expected to flow into GCC funds - survey State Street's 2018 MENA survey found three quarters of investment professionals believed overseas allocations into local funds would increase Al-Gosaibi hasn't signed any new Saudi bank creditors to debt settlement plan- acting CEO Saudi Arabian family-conglomerate Ahmad Hamad Al-Gosaibi and Brother defaulted on around $5.9billion of debt in 2009 GCC defence spending to exceed $100bln for the first time in 2019 Increased military activities in Iraq, Libya, Syria and Yemen leads to growth in defence, while the UAE and KSA boost their own military industrial bases in self-sufficiency drives GCC distressed debt market needed to clear problem loans, say experts Local currency capital markets key to limiting impact of 'boom-bust' cycles, says economist Saudi credit growth to pick up this year: central bank official Saudi Arabia's banks have combined assets worth $595 billion and are the "key credit providers" to the economy Capital gains: Saudi firms look to IPOs, stock markets, amid cash flow concerns Nearly three-quarters of respondents to a new survey in Saudi Arabia said their company would consider an initial public offering (IPO) to gain access to funding SPECIAL COVERAGE  COMMODITIES OUTLOOK  THE BITCOIN PHENOMENON Disclaimer: ZAWYA is committed to respecting your privacy. It is our intention to send messages only with your permission. You have received this message because you are on the ZAWYA database. To opt out of ZAWYA communications in the future, please click here to unsubscribe. Thomson Reuters, Office 101, Building No. 1, Dubai Media City, PO Box 1426, Dubai, United Arab Emirates.

 jw g op

...