Suspect arrested for banking fraud totaling SR493 million as Nazaha pursues corruption charges    Arab leaders and heads of state congratulate US President-elect Donald Trump    Neymar suffers muscle tear, out for 4-6 weeks    Crown Prince, Pakistan Army Chief discuss ways to enhance military cooperation    Crown Prince aspires to strengthen strategic US-Saudi ties in call with Trump    Crown Prince hails Saudi medical team that performed world's first fully robotic heart transplant    Prince Badr signs MoUs with Al-Qasabi and Al-Falih to empower entrepreneurs and boost investments in cultural sector    Quality of life of Madinah residents and enriching visitor experience highlighted in Cairo event    Trump sweeps to historic victory as swing states turn red    Heavy Equipment and Truck Show to spotlight Tata Motors' cutting-edge mobility solutions    IKEA Alsulaiman opens Madinah store as part of an ambitious expansion plan in the Kingdom    Trump's claim of 'massive cheating' in Philadelphia rejected by officials    China is building new villages on its remote Himalayan border    Netanyahu fires Israeli Defense Minister after months of clashes over war and politics    Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Top climber falls to death after rare Himalayan feat    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    Quincy Jones, titan of US music, dies aged 91    Hidden sugars in Asia's baby food spark concerns    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    

Articles of the author QJM with agency input
Most Gulf stocks decline
Most Gulf stock markets continued the downward movement on Tuesday, with the exception of Qatar and Kuwait. Saudi petrochemical stocks fell on Tuesday as fresh wobbles on regional and global markets spurred investors to reduce positions ahead of (...)

29 - 09 - 2010
Saudi banks resilient; fundamentals strong
Saudi banks are in good condition and maintaining “strong financial fundamentals” despite the difficult economic conditions worldwide, ratings agency Moody's Investors Service said in its report on Saudi Banking Outlook released on Monday. “The (...)

28 - 09 - 2010
Gulf stocks rally buoyed by economic development
Gulf stock markets closed the week higher as positive sentiment prevailed throughout the region due to easing world recovery concerns, financial analysts said Friday. They also attributed the regional rally to a plan by Dubai world to reschedule a (...)

18 - 09 - 2010
Saudi Arabia's outlook‘ broadly positive': IMF
Saudi Arabia's economic outlook remains “broadly positive” and the banking system is “fundamentally sound”, although vulnerabilities remain especially from the volatility of oil prices, the International Monetary Fund (IMF) said in a statement on (...)

28 - 08 - 2010
Saudi index slumps to new 11-week low
Saudi Arabia's stock benchmark index Tadawul All Share Index (TASI) slumped 0.28 percent - its lowest finish since June 8 -at 6,001.24 points as declines in oil prices and global markets spurred selling by local investors. Samba Financial Group (...)

26 - 08 - 2010
Energy sector raises Tadawul index by 0.26%
The rise of energy and utilities sector index by 2.39 percent on Monday as a result of Saudi Electricity Co's approval of SR14.7 billion worth ($3.92 billion) of power projects to meet rising demand, sent the Saudi stock market benchmark Tadawul All (...)

24 - 08 - 2010
Saudi inflation accelerates in July for sixth month
Saudi Arabia's inflation rate increased for a sixth month in July to 6 percent as the costs of food and rent rose in the Arab world's biggest economy. Consumer prices rose 5.5 percent in June from a year earlier. Banque Saudi Fransi said on its (...)

24 - 08 - 2010
Gulf stocks extend losses on world growth woes, oil
Gulf markets closed the week lower amid pressure from the global market slump, a gloomy outlook for the world economic recovery and falling oil prices, financial analysts said Friday. “Investors are still very cautious about entering the market,” (...)

14 - 08 - 2010
Gulf stocks to tread in positive territory as oil stays over $80
Gulf stock markets struggled to remain in the profit one this week, as investors kept a close eye on Wall Street and other major world bourses as well as on oil prices which appeared stable at over $80 a barrel, financial analysts said Friday. Oil (...)

07 - 08 - 2010
Value of shares at $14.55b in July
Saudi Telecom Co (STC) shares fell after the Kingdom's regulator confirmed BlackBerry messenger will be banned from Friday, weighing on Saudi Arabia's index Tadawul All Share Index (TASI). The index retreated 0.01 percent to 6,300.44 points on (...)

05 - 08 - 2010
Saudi banks' investment abroad declines on ‘loan clean-up drive'
Saudi Arabia's banks have eased a drive to amass investments abroad as they appear to be shifting their interest back to the domestic market after keeping a low profile for more than a year, according to official data. After soaring by nearly 75 (...)

01 - 08 - 2010
Kuwait banks can resist crisis despite increase in NPLs: IMF
Kuwaiti banks have sufficient financial resources to withstand a fresh crisis despite a sharp rise in their non-performing loans, the International Monetary Fund (IMF) has said. At the end of 2009, Kuwait's banking sector had a combined capital (...)

01 - 08 - 2010
Kingdom's proactive policies cushion economy from crisis
Saudi Arabia's proactive approach to policy-making helped the country's economy avert the worst from happening in financial crisis, said Dr. Jarmo Kotilaine, Chief Economist of NCB Capital. Dr Kotilaine was one of the speakers at the Euromoney (...)

19 - 05 - 2010
Inflation risks in Gulf countries reemerging
Inflation risks in the Gulf countries are resurfacing after undergoing a sharp fall in consumer prices from a peak of 11 percent in 2009, Credit Suisse said in its latest issue of Global Investor. Fears of possible inflationary outcome of the (...)

15 - 05 - 2010
Access to water in Middle East & North Africa world's lowest
People in the Arab world need fuller and freer information about shrinking water supplies but their governments are withholding it for fear of fuelling unrest, a United Nations expert said on Thursday. Arable land makes up just 4.2 percent of the (...)

03 - 04 - 2010
Saudi GDP to grow 4.1% in 2010
Saudi Arabia's economy is expected to grow by 4.1 percent in real terms next year as domestic demand gathers momentum, the Egyptian investment bank EFG-Hermes said in its latest report. In 2011, GDP growth in real terms will accelerate to 4.5 (...)

27 - 12 - 2009
Qatar, Oman buck Gulf markets' fall
Gulf stock markets, except Qatar and Oman, fell on Monday pulled down primarily by depreciating value of real state company shares, in the case of UAE, which have been reeling from the recent debt structuring announcement by Dubai World. Concerns (...)

08 - 12 - 2009
Saudi index ends higher before Eid
Gains in banks helped lift the Saudi index to a higher close on Wednesday - the last trading day for November - ahead of a week-long break for Eid. The market benchmark Tadawul All-Share Index (TASI) ended 0.83 percent higher at 6,355.82 (...)

26 - 11 - 2009
SEC assigns a SR6.8b contractfor Qurayyah plant expansion
A consortium led by a Saudi company bagged a SR6.8 billion contract from Saudi Electricity Company (SEC) to expand the Al-Qurayyah Combined Cycle Power Plant located in the Eastern Province. Dr. Saleh Bin Hussain Al-Awaji, deputy minister of Water (...)

21 - 10 - 2009
Saudi Arabian Airlines selects OnAirBy Saudi Gazette Staff
Saudi Arabian Airlines and OnAir has announced an agreement to install full SwiftBroadband Mobile OnAir and WiFi Internet OnAir inflight passenger communications services on their fleet of twin-aisle Airbus A330 aircraft flying international routes. (...)

08 - 10 - 2009
SABIC, Savola, others post losses in Q2
Saudi Basic Industries Corp (SABIC) posted on Saturday a 76 percent drop in second quarter net profit and attributed the drop to a sharp decrease in prices of petrochemicals and metals. SABIC made a net profit of SR1.81 billion ($482.7 million) in (...)

19 - 07 - 2009
Tadawul, other Gulf markets register gains
Gulf stocks markets turned bullish on Wednesday with all the indexes registering gains amid positive expectations on corporate second-quarter earnings. Saudi Arabia's benchmark Tadawul All-Share Index (TASI) rose 0.99 percent to 5,631.78 (...)

16 - 07 - 2009
Kingdom cement sales surge
Despite a prolonged global economic slowdown, the Saudi cement sector remains robust on cheaper fuel and gas cost provided by Saudi Aramco, resulting into strong sales primarily due to government construction projects, independent industry reports (...)

05 - 07 - 2009
Exploration and production outlay to drop 15 percent
Worldwide exploration and production (E&P) expenditures will drop 15 percent against earlier forecast of a 12 percent decline, the Houston-based Barclay's Capital said in its mid-year update to The Original E&P Spending Survey. However, over half (...)

25 - 06 - 2009
Saudi shares dip as Rajhi, SAAB slide on rating
Saudi stock market's Tadawul All-Share Index (TASI) fell for a second day on Saturday pulled by heavyweight petrochemical and banking stocks TASI closed 0.56 percent down at 5,956.76 points. “The market right now is in a sideways movement ... many (...)

21 - 06 - 2009
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