Economy
Safco slumps as Q2 disappoints, other petchem producers follow
A Saudi trader ponders the market impact of the weak quarterly earnings of Saudi Arabian Fertilizers Co.
Saudi petrochemicals exports jump on stronger Asia demand
JEDDAH – Saudi Arabia’s petrochemicals exports increased 39 percent by value in May from a year earlier because of
Most Gulf telcos’ net profits under pressure
DUBAI – Most telecoms carriers in the Gulf face another period of flat-to-lower profits in the second quarter as
Prequalification for Ras Alkhair to Dammam railway plan starts
RIYADH – Saudi Arabia starts seeking pre- qualification bids Sunday for a railway linking Jubail Industrial City with
Monday, 11 - July 2011
JEDDAH – A burgeoning Saudi economy augured well for the local commercial banks as evidenced by substantial gains they recorded in the second quarter
Monday, 11 - July 2011
JEDDAH – Price hikes notwithstanding, Jeddah remains one of the cheapest cities to live in, according to an economic research group.Jeddah is among the
Monday, 11 - July 2011
JEDDAH – The University of Tokyo, private companies and a semi-governmental financial institution will jointly participate in a large-scale solar power
Monday, 11 - July 2011
RIYADH – The emerging market growth slowed to its weakest level in two years in the second quarter reflecting global economic fragility, the consequences
Monday, 11 - July 2011
JEDDAH – Flowserve’s manufacturing plant in Dammam has been certified by Saudi Aramco for the supply of control valves.The plant, opened last summer,
Monday, 11 - July 2011
JEDDAH – In terms of profitability, Al-Rajhi Bank topped the list with around $1.8 billion in 2010, followed by Samba Financial Group with its net income
Monday, 11 - July 2011
CAIRO – Egyptian inflation in the year to June eased slightly on the back of lower food prices from a year earlier, supporting a hold in central bank
Monday, 11 - July 2011
KUWAIT - Kuwait’s current account surplus reached KD10.6 billion, or 29 percent of GDP, up from KD2.6 billion in 2001, the National Bank of Kuwait said
