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| Multi-investment sector advances 1.16% |
| Source : Arab News |
| Date : 2013-05-23 |
| The Saudi stock market recorded nominal gains yesterday, as the Tadawul All-Share Index (TASI) closed higher to 7,363.13, adding 7.86 points or 0.11 percent for the entire day.... |
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| Abha becomes Air Arabia's 8th Saudi destination |
| Source : Arab News |
| Date : 2013-05-23 |
| Air Arabia's, described as the first and largest low-cost carrier (LCC) in the MENA, has started operating to Abha from its primary hub in Sharjah.... |
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| Saudi Specialty Chem launches Jubail facility |
| Source : Arab News |
| Date : 2013-05-23 |
| Saudi Basic Industries Corporation (SABIC) has further demonstrated its national growth commitment by opening its first engineering thermoplastics compounding facility as well as a new polypropylene compounding (PPc) plant, at... |
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| Slow progress of projects puts Kuwait stock boom at risk |
| Source : The Peninsula |
| Date : 2013-05-23 |
| Kuwait's stock market boom could run out of steam if the government doesn't push ahead soon with long-delayed infrastructure projects aimed at diversifying the oil-reliant economy.... |
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| Iraq aims to boost oil output |
| Source : Khaleej Times |
| Date : 2013-05-23 |
| Iraq is planning to increase its oil production capacity to 10 million barrel per day in 2017 up against three million barrel per day as of today, officials say.... |
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| UAE adds power to mobile broadband |
| Source : Khaleej Times |
| Date : 2013-05-23 |
| The UAE on Wednesday took a critical initiative to stay ahead in broadband connectivity race by unveiling its band plan for 700MHz and the launch of spectrum in the 800MHz... |
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| IDB increases its capital from $ 45 bn to $ 150 bn |
| Source : Arab News |
| Date : 2013-05-23 |
| The Islamic Development Bank Group has decided to increase its authorized capital from $ 45 billion (30 billion Islamic dinars) to $ 150 billion (100 billion dinars) on... |
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| New GCC tobacco tax could fuel growth of illicit trade |
| Source : Arab News |
| Date : 2013-05-23 |
| The dilemma facing GCC finance ministers as they deliberate over a 100 percent increase in duty on tobacco products is underlined by a White Paper published yesterday which spotlights growth... |
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| New Saudi Force in America! |
| Source : Al Hayat |
| Date : 2013-05-22 |
| It is not true that Saudi Arabia only looks at the present moment that is overflowing with oil, without keeping an eye on the future of the economy and the... |
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| Emirates NBD's Tier 1 bond due today |
| Source : Emirates 24/7 |
| Date : 2013-05-22 |
| Emirates NBD, Dubai's largest lender, plans to price its first core capital-boosting bond on Wednesday, arranging banks said, amid strong demand for the imminent deal.... |
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| Emirates to increase flights to Colombo |
| Source : Emirates 24/7 |
| Date : 2013-05-22 |
| Emirates, one of the world’s fastest growing airlines, will increase capacity on its services to Colombo from June 30, 2013, with the addition of three more flights per week, the... |
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| Kuwait''s trade surplus with Japan narrows 11 pct in April |
| Source : Kuwait News Agency |
| Date : 2013-05-22 |
| Kuwait's trade surplus with Japan narrowed 11.1 percent in April to JPY 121.1 billion (USD 1.2 billion) from a year earlier, shrinking for the second month in a row, as... |
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| Kuwait Oil price drops to USD 100.81 pb |
| Source : Kuwait News Agency |
| Date : 2013-05-22 |
| Price of Kuwaiti crude oil dropped 24 cents to USD 100.81 per barrel on Tuesday compared to USD 101.05 pb on Monday, Kuwait Petroleum Corporation (KPC) said on Wednesday.... |
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| USD unchanged against Kuwaiti dinar at KD 0.286 |
| Source : Kuwait News Agency |
| Date : 2013-05-22 |
| Exchange rate of the US dollar stood unchanged at KD 0.286 while the euro went up against the Kuwaiti dinar to KD 0.369, said the Central Bank of Kuwait (CBK)... |
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| Lebanese farmland firm to invest up to $800 million in Sudan |
| Source : Saudi Gazette |
| Date : 2013-05-22 |
| Lebanese farmland investor GLB Invest plans to invest up to $800 million in Sudan to produce animal feed to be sold to Saudi Arabia, its president said on Tuesday.... |
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| Civil Defense warns against electricity overload |
| Source : Arab News |
| Date : 2013-05-22 |
| The General Directorate of Civil Defense in Riyadh has warned citizens and residents in the capital against overloading electrical appliances, which leads to over-heating in the wires and connections and... |
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| Kashmir ready to host Saudi tourists |
| Source : Arab News |
| Date : 2013-05-22 |
| Kashmir, the northwestern region in India, has often been called paradise on earth for its natural beauty. When it became a valley of conflict due to territorial disputes between India,... |
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| Omantel signs pact for new submarine cable |
| Source : Oman Daily Observer |
| Date : 2013-05-22 |
| Omantel has inked an agreement for another submarine cable, the "Bay of Bengal Gateway" submarine cable system (BBG). This new submarine cable will enhance the robustness and reliability of international... |
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| Nawras Musafir offers major savings on data roaming in GCC |
| Source : Oman Daily Observer |
| Date : 2013-05-22 |
| Nawras has announced the launch of Musafir, the first mobile data roaming solution designed to help customers stay online for less when travelling to any GCC country.
With prepaid and postpaid... |
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| Nawras invests RO 60m in first phase of network turbo charging |
| Source : Oman Daily Observer |
| Date : 2013-05-22 |
| Nawras telecommunications has invested nearly R0 60m in turbocharging its network the first phase of which extends from Al Bustan till beyond Al Musannah along the Batinah Coast.... |
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