Saturday 27 December 2014
 
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Saudi

Saudi limits family visit visa to 6 months

Saudi Arabia’s Passport Department has issued new regulations that state family visitor visa would deb limited to only six months or 180 days, according to a report. The period would start on arrival of the visitor in the ki

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Saudi housing projects to gain from low oil prices

Saudi Arabia’s Ministry of Housing projects are set to gain from lower oil prices leading to a decline of 25 per cent in costs incurred by customers, according to a report. Businessmen pointed out that service projects have

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‘No need to create sovereign wealth fund’: Saudi FM

Saudi Arabia's Finance Minister said there was no need for the kingdom to create a sovereign wealth fund to manage its oil wealth, rebuffing suggestions by prominent officials and businessmen. At present, the surplus petrodoll

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Saudi to discuss deficit financing with central bank

Saudi Arabia's Finance Ministry will discuss with the central bank its options for financing the large state budget deficit expected next year, and may cover some of the shortfall with borrowing, Finance Minister Ibrahim Alassaf said.

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Saudi’s Alinma Bank plans 2014 dividend of $1.3

The board of Saudi Arabia's Alinma Bank said that it was recommending a dividend of SR5 ($1.3) per share for this year. It would be the bank's first dividend since it listed on the stock market in 2008. Net

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Saudis to spend heavily in 2015 budget, shrug off oil plunge

Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with its huge fiscal reserves, the government said, providing the first detailed look at how the world's top oil exporter aims to handle an era of

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Saudi plans to raise spending in 2015 budget, run deficit

Saudi Arabia plans to raise government spending by 0.6 per cent to a record high next year while covering a large budget deficit due to plunging oil prices with its huge fiscal reserves, the Ministry of Finance said on Thursday. S

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CorMedix signs Mideast sales distribution deal

CorMedix, a pharmaceutical company focused on developing and commercialising therapeutic products for the prevention and treatment of cardiac, renal and infectious disease, has signed a Middle East sales/distribution deal for lead product Neutro

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CorMedix signs Mideast sales distribution deal

CorMedix, a pharmaceutical company focused on developing and commercialising therapeutic products for the prevention and treatment of cardiac, renal and infectious disease, has signed a Middle East sales/distribution deal for lead product Neutro

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General Dynamics wins $100m Saudi contract

General Dynamics Land Systems, a leading manufacturer of armoured weapon systems, said it has been awarded a $99.7 million follow-on contract for the procurement and production of Saudi M1A2 (M1A2S) Abrams tanks for the kingdom. T

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