Wednesday 2 September 2015
 
»
Tag
 
»
Saudi

Jabal Omar cancels $426m Makkah contract

Jabal Omar Development Company, the largest listed real estate developer in Saudi Arabia by market capitalisation, said it has canceled a SR1.6 billion ($426 million) contract awarded to Ruwad Civil Construction. Ruwad was awarded

More…

Saudi sinks after oil's plunge, Egypt also soft

Saudi Arabia's stock market dropped sharply in early trade on Wednesday after oil prices plunged again, while Egypt's bourse was also weak, tracking global emerging markets. The main Saudi equity index fell 2.7 per cent an

More…

Saudi Khurais oilfield expansion delayed

The expansion of Saudi Arabia's Khurais oilfield is expected to be delayed from the originally planned timeframe of 2017 and the start-up date is now unclear, industry sources said. The sources said authorities had not given r

More…

Saudi Khurais oilfield expansion delayed

The expansion of Saudi Arabia's Khurais oilfield is expected to be delayed from the originally planned timeframe of 2017 and the start-up date is now unclear, industry sources said. The sources said authorities had not given r

More…

Saudi Telecom to spend $1bn to cope with data traffic

Saudi Telecom Company (STC) expects to spend another $1 billion in the second half of 2015 on enhancing its networks as it tries to meet surging demand for web-based services, its chief executive said on Tuesday. The SR3.9 billion

More…

Dubai developer signs up 'Desert Pele' as ambassador

Dubai-based property developer, The First Group, has signed up Saudi Arabian football legend Majed Abdullah as its new brand ambassador for its operations in the Middle East and North Africa (Mena) region. The former striker for S

More…

Dubai developer signs up 'Desert Pele' as ambassador

Dubai-based property developer, The First Group, has signed up Saudi Arabian football legend Majed Abdullah as its new brand ambassador for its operations in the Middle East and North Africa (Mena) region. The former striker for S

More…

Rising oil output boosts Saudi economic growth

Rising oil output boosted Saudi Arabia's economic growth to its fastest pace in over a year in the second quarter of 2015, data showed, but growth looks likely to slow in coming months as low oil prices make themselves felt. &

More…

Saudi emerges as leading agriculture exporter

Saudi Arabia has witnessed a remarkable agricultural development over the last three decades, successfully turning large areas of desert into agricultral fields.   It is a major accomplishment for an arid country

More…

SEC gets nod for $2.3bn loan, sukuk

Saudi Electricity Company (SEC) has received approval from its executive committee to negotiate for loan financing worth $2.3 billion and to set up a sukuk programme worth as much as $1.5 billion, the Gulf's largest utility said on Monday.

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads