Thursday 31 July 2014
 
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Saudi Arabia

New roaming services for Mobily customers

Mobily has introduced its latest bundle of roaming services that allow Saudi customers to sketch out their own plan according to their needs. The scheme enables customers to choose their talk-time minutes (starting from 10 mins to

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Saudi Arabia accelerates reform push with market opening

Saudi Arabia's decision to open its stock market to foreign investors is part of an accelerating series of economic reforms that may culminate in the most far-reaching change yet: higher domestic energy prices. In the past fou

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Mobily announces apps developers award

Mobily, a leading Saudi telecommunications company, has announced the opening of its annual ‘Apps Developers Award’, for the fourth consecutive year. This platform enables mobile app developers to participate with thei

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Tech Mahindra, Midad form Saudi JV

Tech Mahindra, a specialist provider of connected solutions, has signed a joint venture agreement with Midad Holding, which is a subsidiary of Al Fozan, a leading Saudi group with diversified business interests.   Tech Mahindr

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Saudi boosts security on Iraq frontier

The group now calling itself the Islamic State rampaged across the border between Syria and Iraq a month ago and has since declared a caliphate across a swathe of the Middle East from Aleppo to the outskirts of Baghdad. But if its

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Saudi inflation stays unchanged

Saudi Arabia’s inflation rate remained unchanged at 2.7 percent, year-on-year, for the third consecutive month in June, a report said.   Foodstuffs and housing and related services remain the main sources of inflation d

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Coca-Cola venture buys into Lebanon firm

Aujan Coca-Cola Beverages Company (ACCBC), a venture between Coca-Cola Co and Saudi Arabia's Aujan Industries, said it had acquired a majority stake in National Beverage Co, a maker and distributor of Coca-Cola and other drinks in Lebanon.

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NCB posts 22pc Q2 net profit jump

National Commercial Bank, which later this year is expected to list its shares in one of Saudi Arabia's largest initial public offers, posted a 22 per cent jump in second-quarter net profit on Sunday. The kingdom's biggest

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Saudi private sector expansion continues

The Saudi Arabian non-oil private sector continued expansion during June, with output growth quickening to a 26-month high, a report said. New business from abroad also improved, albeit at a slower pace than total new orders, said

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Al Rajhi Bank Q2 profit slips 8.2pc

Al Rajhi Bank, Saudi Arabia's largest listed lender, posted a 8.2 percent decrease in its second-quarter net profit, it said in a bourse statement on Sunday, in line with analyst forecasts. The bank said it made 1.95 billion r

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