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NFC sea taxi to support tourism, economy
Source : Oman Daily Observer  
Date : 2013-05-23
The proposed sea taxi connecting Muscat Governorate with Barka and all the adjoining wilayats en-route will have a substantial impact on the tourism sector while giving a major fillip to...
SAGIA to offer set of privileges to investors
Source : Arab News  
Date : 2013-05-23
The Saudi Arabian General Investment Authority’s (SAGIA) board of directors discussed at its meeting recently a number of topics, including the Kingdom's efforts in sustaining a strong business-friendly environment while...
Alwaleed, Baird discuss investment
Source : Arab News  
Date : 2013-05-23
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received Nick Baird, chief executive of UK Trade & Investment (UKTI) and an accompanying delegation at his office in Riyadh....
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....
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....
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...
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....
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....
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...
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...
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...
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...
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....
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...
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...
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....
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)...
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....
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...
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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