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Saudi listed firms’ profits to ‘hit $30 billion’The Saudi economy maintains a positive outlook and the net income of listed companies is expected to grow by 18 per cent to SR112 billion ($29.86 billion) this year, a report said. NCB Capital, in its updated annual Saudi Factbook, said do More… |
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Saudi equity markets set for growthThe equity markets in Saudi Arabia are poised for solid growth, thanks to the surging oil revenues and the Kingdom's strong fundamentals, according to a report. The Kingdom's robust economic outlook - 3.6 per cent growth in real G More… |
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Banks seen driving Saudi index gains in 2011The Saudi stock market will see more gains in 2011 after outperforming most Gulf markets this year as companies benefit from high oil prices, a record budget and global recovery, analysts and investors said. The biggest Arab bourse has ris More… |
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Gulf stocks fall despite emergency measuresGulf bourses fell on Sunday as fear-stricken investors scrambled for cash, with Dubai's real estate sector and Qatari and Omani banks among the worst hit. Gulf states took emergency measures to boost confidence in the financial system, inc More… |
