Monday 3 August 2015
 
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Saudi Arabia

Saudi Arabia approves $282m contracts

Saudi Arabia has approved contracts worth SR1.06 billion ($282.27 million) for 168 municipal projects in 14 governorates, the Saudi Press Agency has reported. The projects include storm water drainage systems, walkways, e

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Saudi cbank curbs credit card cash withdrawals

Saudi Arabia's central bank has tightened restrictions on cash withdrawals from banks using credit cards in an effort to head off any consumer debt problems. Previously, under an informal industry arrangement customers could o

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Mobily swings to Q2 net loss

Saudi Arabia's Etihad Etisalat (Mobily), which last week slashed 27 months of profits following an accounting scandal, swung to a second-quarter net loss on Sunday that missed forecasts. Mobily, an affiliate of the UAE's E

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New tyre rules in Saudi Arabia from November

New regulations governing tyres produced or sold in Saudi Arabia will come into force in November, said the board of the Saudi Standards, Metrology and Quality Organisation. The technical regulations have set limits for the rollin

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New tyre rules in Saudi Arabia from November

New regulations governing tyres produced or sold in Saudi Arabia will come into force in November, said the board of the Saudi Standards, Metrology and Quality Organisation. The technical regulations have set limits for the rollin

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BAE ‘awaiting Middle East orders for Typhoons'

BAE Systems, which generates about a fifth of its total sales from Saudi Arabia, needs to sell more Typhoons to Saudi and other Middle East customers to keep production of the jet going beyond 2018, a report said. Europe's big

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BAE ‘awaiting Middle East orders for Typhoons'

BAE Systems, which generates about a fifth of its total sales from Saudi Arabia, needs to sell more Typhoons to Saudi and other Middle East customers to keep production of the jet going beyond 2018, a report said. Europe's big

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Saudi Arabia’s Haramain train makes first trial run

Saudi Arabia’s Haramain Express Train was run successfully on Tuesday on a 100-km stretch between Rabigh and Madinah, a report said. The 450-km high-speed railway links Makkah and Madinah via Jeddah and Rabigh, added the

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Saudi Arabia’s Haramain train makes first trial run

Saudi Arabia’s Haramain Express Train was run successfully on Tuesday on a 100-km stretch between Rabigh and Madinah, a report said. The 450-km high-speed railway links Makkah and Madinah via Jeddah and Rabigh, added the

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Middle East funds turn negative as oil drops again

Middle East fund managers have on balance turned negative towards the region and especially its biggest equity market, Saudi Arabia, after oil prices gave up most of the gains made in the last six months, a report said. The monthl

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