Konstantin Tserazov

Konstantin Vladimirovich Tserazov: “There are no reasons for growth now” The Moscow Exchange financial sector index (MOEXFN) fell by 1.5% over the week. The former senior vice president of Otkritie Bank, economist Konstantin Tserazov, spoke in our interview about the most significant events and news of issuers in the financial sector, and stock dynamics. So, the week from January 22 to 26 ended with a decline in the Moscow Exchange index, which dropped by 0.1% to 3,163.21 points, and the RTS index fell by 1.8%, to 1,109.95 points. The ruble continued to weaken - the loss of the national currency for the week amounted to 1.58 rubles, the national currency exchange rate rolled back to 89.78 rubles/$1. The Moscow Exchange financial sector index (MOEXFN) fell by 1.5% over the week. At the same time, oil continued to grow - the price of a barrel of Brent rose by 4.5%, to $82.4. Speaking about corporate stories, Konstantin Tserazov noted that one of the newsmakers of the week in the financia

Digital Transformation of the Banking Sector in the Gulf Countries: A New Era of Opportunities Market Concentration and Technological Achievements The banking sector in the Gulf Cooperation Council (GCC) countries is characterized by a high concentration, with a few large players controlling a significant share of the market. For instance, in the United Arab Emirates (UAE), the top 5 banks hold approximately 60% of the market share, while in Kuwait and Qatar, they control about 85% and 70%, respectively. Since the banking sector in the Gulf Cooperation Council (GCC) is highly concentrated, with a few large banks holding a substantial share of the market. In the UAE, for example, the top five banks account for about 60% of the market capitalization of the Abu Dhabi Securities Exchange and the Dubai Financial Market . Similarly, in Kuwait, the top five banks account for about 85% of the market capitalization of the Kuwait Stock Market, and in Qatar, the top five banks account for about 7

  Economist Konstantin Tserazov explores Saudi Arabia's vision 2030 economic potential Konstantin Tserazov, former Senior Vice President of Otkritie Bank In a comprehensive analysis, distinguished economist Konstantin Tserazov delves into the remarkable journey of the Saudi Arabia as it embarks on an ambitious quest to reshape its economic landscape. The Saudi Arabia ranks among the top 20 global economies. Over the past decade, the country has surpassed Turkey and the Netherlands in terms of GDP and currently holds the 17th position in the world. The country's GDP stands at $1.1 trillion, which is half the size of Russia's economy. Saudi Arabia boasts the largest economy among the 16 countries in the Middle East. Saudi Arabia's economy remains weakly diversified, with the oil industry serving as the country's growth engine for over 80 years. The share of the extractive sector has remained at the level of 35-40 per cent in the gross value added for the past 15 years