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Wednesday 19 December 2007 (09 Dhul Hijjah 1428)

Saudi Stock Market Correction Seen

JEDDAH, 19 December 2007 — The “law of round numbers” will prevail in 2008 for the Saudi stock market, whereby the Tadawul All-Share Index (TASI) will spend much of the year testing the psychological... Full Story


NSCSA Unit Secures Loan for Expansion

JEDDAH, 19 December 2007 — Saudi Arabia’s National Shipping Company (NSCSA) said on Monday one of its units had secured $250 million in Islamic financing to fund fleet expansion. National Chemical... Full Story


Hyundai Engineering Unit Clinches $210m Deal in Saudi Arabia

JEDDAH, 19 December 2007 — South Korea’s Hyundai Engineering Co. Ltd. (HEDC) said yesterday it had won an order to build a petrochemical plant in Saudi Arabia for about $210 million. Under the... Full Story




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