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| Insurance sector remains in limelight |
| Source : Arab News |
| Date : 2013-06-18 |
| The Saudi stock market ended yesterday's trading session solidly in the green. Saudi Arabia’s benchmark stock index (TASI) recorded a handsome gain of 1.81 percent, which is the highest intra-day... |
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| Sadara signs SR 39.37 bn funding agreements |
| Source : Arab News |
| Date : 2013-06-18 |
| Sadara Chemical Company (Sadara) yesterday announced the signing of a number of definitive financing agreements for an additional funding of approximately SR 39.37 billion ($ 10.5 billion).... |
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| Zamil Industrial unveils cloud computing initiatives |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| Zamil Industrial Investment Co. launched recently its full Office 365 Enterprise project and other cloud computing initiatives.... |
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| Babyshop opens 2 new stores in Jeddah |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| BABYSHOP, the region’s premier fashion destination for children sets yet another milestone with the opening of its 30th and 31st stores in the Western Region at Al Emmam Al Bukhari... |
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| Edarh Midway obtains ISO certification |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| EDARH Midway Ltd., pioneer in the field of engineering consultation and real estate development, has marked a new achievement through its successful course to be accredited the International Specification Certificate... |
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| Cisco reaffirms commitment to Saudi Arabia |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| Cisco’s Chairman and CEO John Chambers arrived in Saudi Arabia Monday to meet with Saudi government officials and strategic business partners in the Kingdom.... |
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| Synthetic oil much better than best quality mineral oil: Apsco |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| Arabian Oil Supply Company (Apsco), manufacturer and marketer of Mobil oil in Saudi Arabia, recently held a seminar in Al-Ghardaqah City, Egypt on the importance of synthetic oil and its... |
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| Investcorp buys 38% stake in Saudi energy firm |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| Bahrain-based Investcorp has bought a 38 percent stake in a Saudi oil and gas services company and expects to complete up to three more deals via its $1 billion Gulf... |
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| Sadara gets funding for its $19.3bn plant |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| Sadara Chemical Co, a joint venture between Saudi Aramco and Dow Chemical, confirmed Monday that it had signed loan facilities to support the construction of a $19.3 billion petrochemical complex.... |
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| Saudi Arabia produces 67% of GCC's petrochem output |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| Petrochemicals production in Saudi Arabia hit 86.4 million tons in 2012, up from 80.5 million tons of capacity in the previous year, the Gulf Petrochemicals & Chemicals Association (GPCA) Annual... |
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| Qatar building 77 new hotels: QDB analysts |
| Source : The Peninsula |
| Date : 2013-06-18 |
| With more and more players entering Qatar's hospitality sector, the industry's present market dynamic is bound to change in a big way.... |
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| e-fraud in Saudia among lowest in the world: BMAC |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| Saudi Arabia is one of the countries in the world with the lowest rate in financial fraud committed by electronic information and communication devices, and the rate matches in... |
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| Oman's market to see major IPOs |
| Source : Oman Daily Observer |
| Date : 2013-06-18 |
| Bright outlook surrounding the Sultanate's macro-economic scenario, despite the global economic meltdown, is paving the way for a robust Initial Public Offerings (IPO) market.... |
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| India cuts Iran oil imports by more than 40pc |
| Source : The Peninsula |
| Date : 2013-06-18 |
| India cut its Iranian oil imports by more than 40 percent in the first five months of the year, replacing the crude with shipments from Venezuela, Iraq and Oman, and... |
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| Qatar Holding sells back 10pc Porsche stake |
| Source : The Peninsula |
| Date : 2013-06-18 |
| Qatar Hol-ding, the investment arm of the state's sovereign wealth fund, has sold its 10 percent stake in Porsche SE to the luxury carmaker's family shareholders, four years after it... |
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| ADPC and Abu Dhabi Customs sign an agreement |
| Source : Khaleej Times |
| Date : 2013-06-18 |
| Abu Dhabi Ports Company has announced the signing of a strategic partnership agreement with Abu Dhabi Customs.... |
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| Saudi banks to benefit from strong sukuk market growth |
| Source : Arab News |
| Date : 2013-06-18 |
| The Saudi sukuk market will continue to grow over the next 12-18 months, a credit positive for Saudi banks, following a new record SR 25.2 billion ($ 6.7 billion)... |
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| Saudi plans to block WhatsApp within weeks |
| Source : The Peninsula |
| Date : 2013-06-17 |
| Saudi Arabia plans to block Internet-based communication tool WhatsApp within weeks if the US-based firm fails to comply with requirements set by the kingdom's telecom regulator, local newspapers reported this... |
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| UAE committed to efforts to conserve its desert land |
| Source : Khaleej Times |
| Date : 2013-06-17 |
| The UAE, despite the fact that around 80 per cent of its area is covered by desert, remains committed to international efforts to combat desertification, Dr Rashid Ahmed bin Fahd,... |
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| QCB tightens curbs on security investments |
| Source : The Peninsula |
| Date : 2013-06-17 |
| Qatar's central bank has tightened its curbs on how much banks can invest in stocks and bonds, according to a circular released by the central bank and seen by Reuters.... |
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