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GIB Capital to advise MMG on financial restructuring
Source : Arab News  
Date : 2013-05-21
Mohammad Al-Mojil Group (MMG) has announced that its board of directors approved the signing of an agreement with GIB Capital, the investment banking arm of Gulf International Bank (GIB) in...
Dar Al-Arkan plans to raise $ 500 m from 5-year sukuk
Source : Arab News  
Date : 2013-05-21
Saudi real estate developer Dar Al-Arkan Real Estate Development Company aims to return to global debt markets after more than three years this week with an Islamic bond, aiming to...
Gulf wealth funds opting for private equity investments
Source : Arab News  
Date : 2013-05-21
Sovereign wealth funds in the Gulf region are raising their allocations to private equity investments at a faster rate than other types of investment, US fund manager Invesco says in...
APICORP posts record profits; seeks new ventures
Source : Arab News  
Date : 2013-05-21
The Arab Petroleum Investments Corporation (APICORP) has announced net profits of $ 109 million for 2012, the highest in the organization's 37-year history....
KSA to import record high diesel volumes for summer
Source : Arab News  
Date : 2013-05-21
Saudi Arabia will import near record high diesel volumes this summer, as it gears up to beat the sweltering heat and meet rising travel needs during the fasting month of...
200 foreign firms to share expertise at 'Saudi Energy'
Source : Arab News  
Date : 2013-05-21
More than 200 foreign companies will take part in Saudi Energy 2013, organizers announced. It will take place with the support of the Ministry of Water and Electricity at the Riyadh...
Tadawul index advances slightly
Source : Arab News  
Date : 2013-05-21
The Saudi stock market sustained its upward march yesterday, closing the fourth consecutive session with balmy gains (+7.02 points)....
Malaysia seeks new channels for KSA trade
Source : Arab News  
Date : 2013-05-21
The Consulate General of Malaysia Commercial section (MATRADE Jeddah) in collaboration with Council of Saudi Chambers (CSC) and Jeddah Chamber of Commerce (JCCI) organized a meeting between Saudi businessmen and...
KACST, Saudi Aramco to discuss model incubator in Eastern Province
Source : Arab News  
Date : 2013-05-21
The King Abdulaziz City for Science and Technology (KACST) and Saudi Aramco will jointly hold a workshop in Dhahran June 6 to discuss development of a specialized incubator for advanced...
Nael Fayez: SR 2,400 expat fee will weed out unskilled labor
Source : Arab News  
Date : 2013-05-21
The robust Saudi economy is passing through a unique phase providing innumerable opportunities for the first time in history....
India aims to widen basket of exports to Iran
Source : Tehran Times  
Date : 2013-05-21
India is looking to broaden its range of exports to Iran to help balance bilateral trade under an agreement that allows the countries to bypass Western sanctions, Indian industry and...
Tehran hosts first energy & wind conference
Source : Tehran Times  
Date : 2013-05-21
Tehran's Niroo Research Institute (NRI ) or Energy Research Institute has hosted the first Iran Wind Energy Conference and exhibition. In attendance was Iran's President, Mahmoud Ahmadinejad, administration officials, experts...
Iran's medicine imports fall by 54 percent
Source : Tehran Times  
Date : 2013-05-21
Iran imported $ 34.2 million worth of medicine in the first Iranian calendar month of Farvardin (March 21-April 20), down 54.7 percent year on year, ISNA reported. Medicine imports were decreased...
Iran acquires technology to build small refineries costing about $30m
Source : Tehran Times  
Date : 2013-05-21
Iran has acquired the technology for bulding small oil refineries, which cost $30-40 million, the Fars News Agency reported....
National Water Company to invest SR 50 bn in new projects
Source : Arab News  
Date : 2013-05-21
The power and water sectors are experiencing a massive boom in Saudi Arabia, according to Abdulrahman Almutari, head of privatization at the National Water Company (NWC)....
Yemen oil exports rose 14%
Source : Arab News  
Date : 2013-05-21
Yemen's oil export volumes rose 14 percent in the first quarter of 2013, earning the government $ 35 million more than in the same period of 2012, according to data...
Rising liquidity 'set to generate greater credit'
Source : Gulf Times  
Date : 2013-05-21
Improving liquidity and enhanced economic activities are set to generate greater demand for credit in the country with the country's banking sector estimated to see growth in loan disbursement of...
Oman's GDP grew by 5% in 2012
Source : Arab News  
Date : 2013-05-21
Oman's real GDP expanded steadily over the past few years, with an estimated growth rate of 5.0 percent in 2012, which was lower than government's target of 7.0 percent and...
UAE sees capital influx
Source : Khaleej Times  
Date : 2013-05-21
Ideal local investment opportunities and political stability have triggered an increased inflow of private capital, mostly from India, Russia and China, into the UAE, a study by Invesco shows....
Call for authority to regulate Saudi real estate market
Source : Arab News  
Date : 2013-05-21
The two-day Saudi International Real Estate Conference (SIRC 3), organized by the National Real Estate Commission of Council of Saudi Chambers (CSC) in collaboration with a group of economists and...
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