awaited opening of its stock market to foreigners will be “gradual”, the country's capital market regulator said Tuesday.
“It is still within our strategy, but it should be done in an orderly and gradual manner to make sure it does not impact the (...)
termination rates for telecom operators in 2013, the chief executive of Etihad Etisalat (Mobily) told Reuters, in a move that would spur increased competition in the Kingdom.
Termination rates are fees that one telecom operator charges another for (...)
based retailer Fawaz Abdulaziz Alhokair Co. plans to open 400 new stores within the next two years both at home and abroad and does not see demand in the Kingdom declining anytime soon, its top executive said Monday.
Speaking at the Reuters Middle (...)
term economic outlook is favorable, but the country should carefully monitor possible inflationary pressures, the International Monetary Fund said Tuesday.
The Fund revised down its forecast for Saudi Arabia's fiscal surplus to 9.3 percent of gross (...)
Ymani fights for the ball with Oman's Qasim Sanjour during their Gulf Cup Olympic Team Under-23 soccer match in Doha Friday. Oman beat Saudi Arabia 4-3. In the other match the UAE beat Qatar 2-0. — Reuters
BERLIN – A scintillating performance by (...)
based Dao Al-Jomaih Group and China's Machinery Engineering Corp. tendered the low bid of $204.4 million to install four gas turbines in Iraq's southern Basra province, the electricity ministry said Tuesday.
Salam Qazaz, Iraq's deputy electricity (...)
cost airline National Air Services (NAS) is targeting an initial public offering (IPO) in 2012-2013 and eyes launching a foreign hub, most likely in Dubai, by early 2012, its CEO said Monday.
NAS will launch an IPO after posting profits for two (...)
Qaeda- linked groups in Yemen, achieved over years of fighting domestic insurgency, appears to have enabled Riyadh to provide warning of a parcel bomb plot against the United States, analysts said.
Two parcels containing explosives, addressed to (...)
based Al-Tayyar Travel Group said it plans to raise SR1.2 billion ($320 million) from an initial public offering (IPO) and is eyeing a 30 percent stake in a UK counterpart as part of an expansion.
The Riyadh-based firm plans to offer shares next (...)
based Savola Group , the Middle East's biggest sugar refiner, expects its turnover from sugar units in Egypt and Saudi Arabia to rise 41.5 percent this year, a top executive said Sunday.
“This year, the two refineries should generate a turnover of (...)
based National Company for Cooperative Insurance (NCCI) has won a major contract to provide health insurance to staff and relatives of the Gulf's largest telecom firm Saudi Telecommunications Co (STC).
NCCI, better known as Tawuniya, signed a (...)
based Al-Tuwairqi Holding Co will start production at a new steel complex in 2010 which would reduce its steel billets imports to nil by next year, a senior company executive said Sunday.
The complex, with a production capacity of 2 million tonnes, (...)
based investors, including the Islamic Development Bank (IDB), will launch later this year a seven-year plan worth $1 billion in Africa to reduce dependency on rice imports and supply the Middle East region.
The so-called 7X7 project aims at (...)
based Advanced Polypropylene said Wednesday India had imposed unspecified duties on polypropylene products imported from Saudi Arabia and other countries.
India has imposed “precautionary duties” as part of investigations after Indian firms (...)
The power grids of Saudi Arabia, Kuwait, Qatar and Bahrain will be linked later this month, the body overseeing interconnection said Tuesday.
The countries hope the $1.4 billion power connection project will help them meet rapidly rising power (...)