Daily Business Wrap - Wall Street executives return to Saudi Arabia - video Dailymotion

Gulf News

Banking executives arrive to Saudi for financial conference, and Boeing reports lower profits at 737 Max aircraft remain grounded. See more business news at www.gulfnews.com/videos

Transcript

00:00Top banking executives are descending on Saudi Arabia for a two-day financial conference

00:06that starts today.

00:07Speakers there include HSBC CEO John Flint as well as BlackRock's Larry Fink.

00:12Saudi Arabia has been home to some of the world's biggest deals this year, including

00:16the issuance of the Saudi Aramco bonds, which were one of the most oversubscribed debt offerings

00:20in history.

00:21The arrival of top Wall Street executives to Saudi Arabia comes after many of them avoided

00:25the kingdom following the murder of Saudi journalist Jamal Khashoggi.

00:28In other news, Boeing on Wednesday reported lower profits for the first quarter of 2019

00:33compared to the first quarter of 2018, as the grounding of all of its 737 MAX aircraft

00:38around the world took a hit on results.

00:40The U.S. manufacturer recorded $2.1 billion of profits in the first quarter of 2019, which

00:46is down 13% year-on-year.

00:48Boeing also withdrew its forward guidance for full-year net profits because of the grounding

00:54of 737 MAXs and the uncertainty that that creates.

00:57For more details on these stories and more, please do check us out at gulfnews.com forward

01:01slash business.

01:02This has been the Daily Business Wrap.

01:04Thank you so much for watching.

Daily Business Wrap - Wall Street executives return to Saudi Arabia

Category

Transcript

Be the first to comment

Recommended