| Kuwaiti firm takes over Saudi retailer Al-Sawani
Congoo
Kuwaits Global Investment House has bought a 60 percent stake in Saudi retail chain Al-Sawani Food and Industrial Supply Company, Global said yesterday. The controlling stake was purchased by...
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| * Morgan Stanley and Deutsche Bank offer swaps in Saudi stocks
Congoo
Morgan Stanley and Deutsche Bank have become the first investment banks to enter into swap agreements on stocks listed on the Saudi Arabian stock market (Tadawul). The announcement follows recent...
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| Saudi woman on Emirates flight initiated the fight
Congoo
An Emirati daily has denied reports by Saudi papers that a Saudi woman on board an Emirates flight from Frankfurt to Dubai was hit by an Emirati man. According to the Arabic paper Al- Emarat...
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| Idl Offers Diamond-grading Training Program In Saudi Arabia
Congoo
Dubai's International Diamond Laboratories is currently holding a six-day diamond-grading training program in Saudi Arabia, at the Jeddah Chamber of Commerce and Industry (JCCI). The current...
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| Global banks begin trading under new Saudi rules
Congoo
Major investment banks said yesterday that they have begun trading under new rules by Saudi Arabia that allow foreigners their first-ever access to individual stocks listed on the kingdom's...
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| Global buys 60% stake in Saudi retailer Sawani
Congoo
Kuwait's Global Investment House has bought a 60 percent stake in Saudi retail chain Al-Sawani Food and Industrial Supply Company, Global said yesterday. The controlling stake was purchased...
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| Saudi oil facility likely in next few days
Congoo
Saudi authorities have assured Pakistan delegation that Saudi oil facility against deferred payment will be started very soon, according to well-placed official sources. Saudi Foreign Minister Saud...
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| GCC Ministerial Meeting in Jeddah
Congoo
Gcc Ministerial Session in Jeddah Foreign Ministers of the Gulf Cooperation Council are to hold their 108th ministerial session on Tuesday, in the Saudi Arabian city of Jeddah. The...
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| Nth Air Launches WiMAX Service in Colorado Using Airspan
Congoo
Airspan Networks Inc. (NASDAQ: AIRN), a leading provider of WiMAX-based broadband wireless access networks, today announced the launch of the Nth Air wireless broadband solution across Denver for...
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| Dalian refinery receives Saudi crude
Congoo
Processing David N. NakamuraRefining/Petrochemical Editor - PetroChina's recently expanded refinery in Dalian received its first cargo of Saudi Arabian crude on Aug. 26. Saudi...
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| Saudi who died in Lanka buried in Jeddah
Congoo
The 28-year-old Saudi man, who died of heart attack in Sri Lanka on Friday, was buried on Tuesday evening in Jeddah soon after his body arrived from Colombo. The body of Thameer Saeed...
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| ‘Saudi woman on Emirates flight initiated the fight’
Arab News
Shadiah Abdullah I Arab News DUBAI: An Emirati daily has denied reports by Saudi papers that a Saudi woman on board an Emirates flight from Frankfurt to Dubai was hit by an Emirati man.According to...
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| Keralite dies in Riyadh
Congoo
A Keralite and a native of Tamil Nadu were killed in an accident that happened on the King Fahad Highway in the city. The Keralite has been identified as M R Baiju (23) of Madappallil House...
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| Opec may not support Saudi move
Congoo
Saudi Arabia, the worlds top oil exporter, may come under pressure from within Opec ranks to reduce supplies to prevent a further fall in crude prices when the group meets on...
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| Kuwaiti investment bank global acquires Saudi-based retail chain Al Sawani
Congoo
The private equity group of Kuwaiti investment bank Global Investment House has acquired a controlling stake in Saudi-based retailer Al Sawani Food and Industrial Supply Company. Financial terms of...
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| Saudi faces calls to restart oil rally
7 Days
Saudi Arabia may come under pressure from within OPEC to reduce supplies and prevent a further fall in crude prices when the group meets early next month.While OPEC is unlikely to change its official...
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| Ericsson wins broadband order in Saudi Arabia
Congoo
Telecom equipment maker Ericsson said on Wednesday it had signed a broadband deal in Saudi Arabia. A spokeswoman for Ericsson (nasdaq: ERIC - news - people ), the...
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| Jinggoy to meet with Saudi envoy, visit jailed Pinoys in KSA
Congoo
Senate President Pro Tempore Jinggoy Ejercito Estrada will soon meet with the Kingdom of Saudi Arabia's ambassador to the Philippines Mohammed Ameen Wali to discuss his proposed bilateral labor pact...
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| Saudi Human Rights Commission seeks end to child marriages
Congoo
Riyadh, (Arab News): The Saudi Human Rights Commission has called on government agencies to take necessary steps to end the practice of child marriages by adopting a clear and unambiguous...
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| Air Arabia to launch daily service to Riyadh and Jeddah
Congoo
Currently, Air Arabia flies six times a week to Riyadh and four times to Jeddah. The airline currently serves the Saudi Arabian market with flights to Jeddah, Riyadh and Dammam. AK Nizar, head of...
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| Banks start Saudi trades that give foreigners first access to individual stocks
Congoo
Major investment banks said on Wednesday that they have begun trading under new rules by Saudi Arabia that allow foreigners their first-ever access to individual...
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| Saudi activists want end to arrests of reformers
Khaleej Times
Saudi intellectuals have called on the government to end arrests of and restrictions imposed on pro-reform and human rights activists in the conservative Islamic monarchy.
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| Solidarity Group sets up takaful insurer
Congoo
Riyadh, Saudi Arabia â??Solidarity Group will establish a new takaful insurer in Saudi Arabia capitalized at 555 million Saudi riyals ($148 million). The Saudi Arabia Monetary Authority has given...
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| Saudi to buy land abroad for food
Congoo
Dubai, Saudi Arabia is planning to set up a new investment fund to buy agricultural land overseas in an effort to meet rising food demand in the Middle East's largest economy. 'The Saudi...
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| India-GCC FTA talks to resume soon
Congoo
Abu DHABI:Ministers from India and the Gulf Cooperation Council will meet in Riyadh in the next two months to resume their stalled talks over a free trade agreement, a local newspaper has quoted an...
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| Saudi Arabia opens its stockmarket, at last, to foreign investors
The Economist
The gradual process of opening the Saudi stockmarket to foreign investors has taken a significant step forward with the announcement that non-residents will be entitled to trade in local stocks...
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| President Hospitalised In a Saudi Hospital
Congoo
Daily Champion (Lagos) There are strong indications yesterday that President Umar Musa Yar'Adua who is on an official trip outside the country, may have taken ill, as he has been admitted in a Saudi...
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| Saudi Binladin Group to build Dubai aquatic centre
Congoo
Aquatic DEAL: Jeddah-based Saudi Binladin Group will build an aquatic centre in Dubai. () Construction conglomerate Saudi Binladin Group has reportedly won an estimated $300 million design and build...
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| SABB wins two awards in Internet banking
AME Info
Sabb has won two awards in the World's Best Internet banks competition in the regional sub-category consumer banking prizes awarded by the prestigious international publication, Global Finance, in...
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| Abdullah Hashim launches the
AME Info
Speaking on the occasion, Khalid Abdullah Hashim, Member of the Board of Directors of Abdullah Hashim Company Ltd., said that the company has always made it its priority to offer its customers top...
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| At least 11 die in blaze
Al Bawaba
A Dubai police official said that a fire in a building packed with foreign laborers has killed 11 people. India's consul in Dubai, Venu Rajamony, told...
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| GCC ad spend crosses $3b
Congoo
Bahrain Tribune) The advertising expenditure in the GCC has shown a robust growth during the first six months of 2008 reaching $3.77 billion compared to $3.05 billion for the same period of...
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| Yemen seeks to set up economic zones with Saudi Arabia, Oman
Congoo
Yemen. Yemen seeks to establish two economic free zones with Saudi Arabia and an economic zone with Oman, the official news agency Saba said quoting a report from 26sep.net. The Director General of...
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| Zain launches commercial services in Saudi Arabia
Congoo
With the launch, Saudi Arabia joins and connects to One Network, the group's borderless mobile service for over 45 million Zain customers in 16 countries. The company's coverage area will account for...
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| Saudi cbank sees inflation rising in Q3
Congoo
Saudi Arabia's central bank has said that inflation, which hit a 30-year high of 10.6 percent in June, would continue to rise in the third quarter, but at a slower pace. However the Saudi Arabian...
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| Saudi-Kingdom trade to bolster
Congoo
Bahrain Tribune) Bahrain to reap huge benefits from Zain's KSA entryZain Telecom's fifth phase of One Network, linking Saudi Arabia with 16 countries including Bahrain, will usher in a new...
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| Saudi Arabian Delegation In Turkey
Congoo
Balghunaym met with Turkish Agriculture & Rural Affairs Minister Mehmet Mehdi Eker in Ankara. Saudi minister was briefed on opportunities of investments in Turkish agriculture sector and on...
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| Saudis top Yemen tourist arrivals
Congoo
Yemen. Saudi Arabia ranked number one in terms of tourists visiting Yemen in the first half of 2007, the Yemeni Ministry of Tourism said. The report pointed out that revenues from tourism from...
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| Four Seasons Hotel Riyadh names Domenico Acampora as new Italian chef at Quattro
AME Info
With an abiding passion for cooking and extensive experience in the field, Acampora is perfectly poised to showcase his native cuisine in the Quattro kitchen. Prior to his appointment at Four...
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| Saudi Council Calls To Moon Sight Ramadhan On Saturday
Bahrain News Agency
Riyadh, Aug. 27 (bna) -- Saudi Supreme Judiciary Council Called Today Muslims In The Saudi Kingdom To Moon Sight The Crescent Of Ramadhan Month On Saturday.
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| Hijacker of Sudanese plane ready to free women and children
Al Bawaba
Negotiations have started between Libyan authorities and the hijacker of a Sudanese plane that has been forced to land in Libya, the airline's manager said on Wednesday, according...
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| Inflation set to rise at slower pace in Saudi
Gulf Daily News
Saudi Arabia's central bank said yesterday inflation, which hit a 30-year high of 10.6 per cent in June, would continue to rise in the third quarter, but at a slower pace. However the Saudi...
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| Pakistani team holds talks with Saudi authorities
Congoo
A top-level official delegation, headed by Petroleum and Foreign Minister, Shah Mahmood Qureshi, has air-dashed to Saudi Arabia to negotiate modalities with the Saudi authorities for a 5 to 6...
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| Morgan Stanley Saudi Arabia completes first equity Swap Agreement in the Kingdom
AME Info
Morgan Stanley announced that Morgan Stanley Saudi Arabia has become the first investment bank to enter into a Swap Agreement with a non-resident foreign investor for a single stock, as...
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| Mobile phone crackdown on drivers
Congoo
Police across Scotland have launched a one-day crackdown on motorists driving while using hand-held mobile phones. They reminded drivers that they face a �£60 fine and three penalty points on...
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| Female doctor writes of life in Saudi Arabia
Congoo
... to accept a job practicing intensive care medicine at the King Fahad National Guard Hospital in...
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| Saudi woman attacked on board a plane
Congoo
An Emirati man attacked a Saudi woman on board an Emirates flight from Frankfurt to Dubai, a report in Al-Eqtisadiah daily said yesterday. The incident took place because of seating problems....
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| Peshawar flood victims get relief goods from Saudi Arabia
Congoo
Bureau report PESHAWAR: Saudi Relief Committee for Afghanistan distributed relief goods to flood-affected of Peshawar at a ceremony held here Tuesday.District Nazim Ghulam Ali was the chief guest...
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| Qureshi meets Saudi counterpart
Congoo
Foreign Minister of Pakistan Makhdoom Shah Mahmood Qureshi called on Saudi Foreign Minister Prince Saud Al Faisal on Tuesday. He was accompanied by Chairman NRB Dr. Asim Hussain and...
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| Property market set to remain stale as banks remain vigilant
Congoo
Banks will be asking potential buyers of new and newly renovated properties what incentives they were offered by the housebuilders, in an attempt to understand more and more about their mortgage...
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| Saudis seek control amid easier foreign stock rules
Congoo
Saudi Arabia imposed no limits on access for foreign investors to its stock exchange under complex regulations unveiled last week but has set out tight guidelines on how those investments are...
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| The Sakinah Campaign and Internet Counter-Radicalization in Saudi Arabia
Congoo
The prominent role of the internet in propagating and perpetuating violent Islamist ideology is well known. The speed, anonymity and connectivity of the web have contributed to its emergence as a...
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| Saudi Arabia issues travel advisory to stay out of Lebanon
Congoo
Saudi ARABIA. Saudi Arabia, in a rare move, issued a travel restriction advisory on Monday urging its citizens to avoid Lebanon due to 'unstable political and security conditions.' The Saudi Press...
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| Real estate investments in Saudi Arab to
Congoo
... reach USD 410 billion Khaleej Times reported that total real estate investments in Saudi Arabia which represents the largest construction market in the Middle East are estimated at USD 270 billion...
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| Saudi money supply growth eases again in July
Congoo
Annual growth in Saudi money supply, an indicator of future inflation, eased for the second consecutive month to 20.85 percent in July from 21.34 per cent in June, the central bank said on Tuesday....
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| Summer glow at Riyadh
Congoo
Saudi ARABIA. Riyadh�s landmark luxury hotel, which continues to be a big favourite with visitors to the city, has announced attractive Summer room rates. From 16 July to 10 October...
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| Aeroports de Paris signed for redevelopment of Jeddah
Congoo
Saudi ARABIA. Pierre Graff, Chairman and CEO of A�©roports de Paris Group and HRH Prince Sultan Bin Abdul Aziz Al Saoud Crown Prince, Deputy Premier and Minister of Defence and Aviation and...
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| Saudi projects and vision becoming bigger and bigger
Congoo
... on foot, on bicycles and in buses - streamed in...
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| Saudi cleric declares widely popular Turkish soap
Congoo
Saudi ARABIA. Saudi Arabia's highest religious authority slammed Turkish soap operas, now hugely popular in the Middle East, as being 'evil' and 'un-Islamic', a local newspaper reported on Monday.The...
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| UPDATE 1-No new oil, gas find for Shell Saudi JV-sources
Congoo
A Royal Dutch Shell (RDSa.L: Quote, Profile, Research) and Saudi Aramco joint venture has made no new oil or gas discovery in the kingdom's Empty Quarter, industry sources...
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