Friday 11 July 2014
 
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Saudi

Saudi CCTV market to grow 23pc

Saudi Arabia’s CCTV systems market is set to grow at 23 per cent in the period leading up to 2019, according to a recent report.   The ‘Saudi Arabia CCTV Market Forecast & Opportunities, 2019,&rsq

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SABB Q2 profit up 15pc, beats estimates

Saudi British Bank (SABB), the kingdom's fifth-largest listed lender by assets, posted a 15.2 per cent increase in its second-quarter net profit, it said in a bourse statement on Wednesday, beating analyst forecasts. The bank,

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Saudi oil output rises to 9.7m bpd in June

Saudi Arabia produced 9.780 million barrels per day (bpd) of crude oil in June, up from 9.705 million bpd in May, an industry source familiar with the matter said on Wednesday. The world's largest oil exporter and Opec heavywe

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Saudi non-oil exports down 5pc in May

Saudi Arabia's imports fell an annual 5 per cent in May, the seventh drop in a row, while non-oil exports dropped 5.1 per cent, their first fall since March 2013, data from the Central Department of Statistics and Information showed on Wedne

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Saudi retailer Alhokair eyes $560m capital boost

Saudi Arabian retailer Fawaz Abdulaziz Alhokair proposed doubling its capital through a one-for-one bonus issue, the firm said on Wednesday. Alhokair, which franchises brands such as Zara and Marks and Spencer in the kingdom, said

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Ascott inks Saudi serviced residences management deal

Ascott, one of the world’s largest international serviced residence owner-operator, has inked two major hotel deals - 51-unit Citadines Sari Jeddah and the 135-unit Somerset Corniche Jeddah, to boost its presence in Saudi Arabia.

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Mobily launches ‘Hala International’ package

Saudi Arabia-based telecom operator Mobily has launched the ‘Hala International’ package with new exclusive features, benefits and best international calling rates in the kingdom.   The package will e

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UK probes Airbus staff over Saudi graft charges

British regulators have arrested and questioned four former and current employees of an Airbus unit that operates in Saudi Arabia, as part of a probe into allegations of corruption in the country, the Financial Times reported on Tuesday, citing

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GIB launches new retail banking services in Saudi

Bahrain-based Gulf International Bank (GIB) has launched the trial phase of its retail banking services in Saudi Arabia under the brand name, ‘meem.’ The bank aims to provide services to the retail banking sector using

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Mortar bombs land in Saudi near Iraq border

Three mortar bombs landed inside Saudi Arabia on Monday close to its northern border with Iraq, where Islamist militants have grabbed land in a lightning advance, officials said. The mortars caused no casualties but will stoke sec

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