Nusuk Hajj platform offers 6 packages for foreign pilgrims    Expatriates' passport information can be updated through Absher for a fee of SR69    Hotel and Hospitality Expo expects 6,000 buyers at Saudi Arabia's largest industry gathering    Trump suspends global tariffs for 90 days, hikes China import tax to 125%    Virtual Branch enables HR Ministry to bring down in-person visits by 93%    Saudi Arabia announces 14 oil and gas discoveries in Eastern Province and Empty Quarter    Issuance of commercial registrations surge 48% by 154,000 in 1Q of 2025    Tourism Ministry announces 89% growth in licensed hospitality facilities in 2024    Dozens reportedly injured by Russian drone attacks across Ukraine    Sabiri strike gives Al Taawoun narrow first-leg win over Sharjah in ACL Two semi-final    Douglas Gauthier appointed CEO of the Royal Arts Complex in Riyadh's King Salman Park    King Abdulaziz Library unveils 400 rare Qur'an manuscripts    Faulty antenna played role in fatal Australian helicopter crash    Iran says it is ready for nuclear deal if US stops military threats    Nightclub collapse kills 79 in Dominican Republic's capital    Saudi Arabia ranked first globally in empowering women in AI    Woman becomes first in UK to give birth after womb transplant    Women make up 20% of e-sports players in Saudi Arabia    Pakistani star's Bollywood return excites fans and riles far right    Saudi U-17s qualify for 2025 FIFA World Cup after win over Thailand    Benzema rescues Al Ittihad with stoppage-time equalizer in thrilling Jeddah Derby    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    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    







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BRIEFS
Published in The Saudi Gazette on 06 - 09 - 2009


Foreign investors purchase
AED1.3b shares on DFM
DUBAI - Dubai Financial Market announced that the value of shares bought by foreign investors, or non-UAE nationals, during last week (Aug. 30 - Sept. 3) reached AED1.3 billion comprising 42.8 percent of the total value of stocks traded during the period.
The value of stocks sold by foreign investors during the same period reached Dhs1.2bn comprising 39 percent of the total value of stocks traded during the period. Net foreign investment on the market reached AED116.6 million during the same period, as aggregate buy.
The value of stocks bought by institutional investors during last week reached AED703.1 million comprising 22.6 percent of the total value of stocks traded during the period.
The value of stocks sold by institutional investors during the period reached AED543.8 million which constitutes 17.5 percent of the total value of stocks traded during the period. Net institutional investment on the market reached AED159.3 million during the period as aggregate buy. – SG
Saudi-Chinese firms win
$720 million rail contract
JEDDAH - Saudi Railway Company (SAR) has awarded a SR2.7 billion ($720 million) contract to a consortium that includes China Civil Engineering Construction Corp to build a rail link, a senior executive said on Saturday.
The group includes Al-Ayuni Trading and Contracting Co and Al-Abdulaziz Al-Omer Establishment for Trading and Contracting, said Abdulrahman Al-Hoari, finance manager at Al-Ayuni.
The contract involves civil works for the 500 km (300 mile) rail section linking the capital Riyadh to Al-Qassim, part of the mega North-South rail project. The Chinese firm will build the metal tracks. – SG
Cristal Global raises TiO2 price
JEDDAH - Cristal Global (Cristal) announced on Saturday that it will increase prices on all of its anatase and rutile Tiona and Cristal titanium dioxide (TiO2) products sold in the following regions:
In the Middle East: Effective Oct. 1, 2009, or as permitted by contract, prices for all Tiona and Cristal titanium dioxide (TiO2) products will increase by $150 per metric ton.
In Asia Pacific: Effective Oct. 1, 2009, or as permitted by contract, prices for all Tiona and Cristal titanium dioxide (TiO2) products will increase in Australia by Australian $150 per metric ton.
In Latin America, including Brazil: Effective Oct. 1, 2009, or as permitted by contract, prices for all Tiona and Cristal titanium dioxide (TiO2) products will increase by up to $150 per metric ton.
These increases are in addition to previously announced increases.
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. Cristal Global operates eight manufacturing plants in six countries on five continents and employs nearly 4,000 people worldwide. - SG
Tadawul recovers
JEDDAH - Saudi Basic Industries Corp and insurance shares led the Saudi bourse to early gains after it closed the previous session at a seven-week low.
The all-share index TASI was up 0.53 percent at 5,647.34 points after closing lower during the seven previous sessions.
The strongest gains were posted by insurance stocks known for being favored by day-traders: SABB Takaful was up 7 percent at SR42.9.
Shares in SABIC were up 1.45 percent at SR69.75. - SG
Lebanon's economy to grow 6%
BEIRUT - Lebanon's economy will grow 6 percent this year as the country continues to attract savings from Lebanese living abroad, the Saudi Press Agency said, citing Central Bank Governor Riad Salameh.
In an analysis by the International Monetary Fund issued in August, experts from the IMF predicted that the Lebanese economy would grow faster and at a larger rate than the IMF expected for this year, i.e. 4 percent. According to the IMF, bank deposits steadily grew by around 20 percent annually, while the Central Bank saw foreign reserves rising by 60 percent over a year.


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