Wednesday 6 May 2015
 
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Saudi aviation ground handler wins approval for IPO

Saudi Arabia's stock market regulator said on Wednesday it had approved an initial public offer of shares in an aviation ground handler, which is set to be the third flotation this year in the kingdom. Saudi Ground Services Co

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Bahri hopes to issue $1bn sukuk this quarter

National Shipping Company of Saudi Arabia (Bahri) plans to make a debut sukuk issue worth up to SR3.9 billion ($1.04 billion) this quarter, the company's vice chief executive officer for finance Mohammad Alotaibi said. "H

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France, Saudi seeking to seal big deals quickly

France is in talks to agree billions of euros worth of contracts in Saudi Arabia that could be completed quickly, ranging from defence to civil aviation, transport and energy, the French government said on Tuesday. Speaking after

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France, Saudi seeking to seal big deals quickly

France is in talks to agree billions of euros worth of contracts in Saudi Arabia that could be completed quickly, ranging from defence to civil aviation, transport and energy, the French government said on Tuesday. Speaking after

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Saudi privatisations 'may accelerate'

A new government policy-making council in Saudi Arabia may accelerate privatisations of state-owned companies, Saudi Stock Exchange chief executive Adel Al-Ghamdi said on Tuesday. The Council of Economic and Development Affairs, c

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Zamil unit wins $11m deal for Jazan refinery project

Zamil Structural Steel Company, a subsidiary of Zamil Industrial Investment Company, has won a SR43.8-million ($11.7 million) deal from SK Engineering and Construction Company to supply various structural products for Package 9 of the Jazan Refi

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Oil slips on Saudi plan halt to Yemen bombing

Brent crude oil futures slipped towards $66 a barrel on Tuesday, falling from a 2015 high, as Saudi Arabia considered halting bombing in Yemen to allow the delivery of aid, which eased concerns about oil supply from the Middle East.

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Hyatt to open 9 new hotels across GCC

Leading hospitality company Hyatt said its continues to spotlight the burgeoning Gulf Cooperative Council (GCC) market with new hotels across several of its brands, with atleast nine new hotels expected open across the region by 2017.

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Hospitality industry convenes at Hotel Show Saudi

Thousands of hospitality professionals from Saudi Arabia and beyond are taking part in the third annual Hotel Show Saudi Arabia 2015 in Jeddah. The three-day event, which will conclude tomorrow (May 5), is being held at the Jeddah

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Heavy clashes in Aden airport

Local fighters battling the rebel Houthi militia in Yemen's port of Aden stormed areas around the airport on Sunday in an operation supervised by the Saudi-led coalition, which also provided air support, the group's spokesman said.

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