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Tuesday 3 November 2009 (16 Dhul Qa`dah 1430)

Mizuho opens securities unit

RIYADH: A major Japanese financial and banking giant, Mizuho Financial Group Inc., announced the establishment of a major securities subsidiary and opened its doors to customers in Riyadh on Monday.... Full Story


SAMA keeps rates on hold

RIYADH: The Saudi Arabian Monetary Agency (SAMA) kept interest rates unchanged in the third quarter, it said on Monday, viewing a further rate cut as unlikely to spur lending while a rate hike was... Full Story


Abdulaziz signs lab deal

RIYADH: One of Germany’s largest private clinical laboratory service providers has started an expansion drive in the Arab World. Synlab GmbH recently bought Saudi owned United Medical Lab Riyadh to... Full Story




Global family businesses worth $500b

MANAMA: The old family businesses in the Gulf are part and parcel of the global $500 billion estimated family businesses and need to adopt the dynamics of a rapidly changing business world, a leading... Full Story


All-new Mazda CX-7 SUV family car debuts

JEDDAH: An automobile leader on Monday highlighted the high and increasing demand for new car models. “The people are now increasingly looking for durability as well as enhanced safety and environmentally-friendly... Full Story


Jeddah’s motor show rekindles hope in industry

JEDDAH: Saudi Arabia’s 31st International event for Motor Vehicles and Sports Utility Vehicles (SUVs) labeled as sims’09, which ended here over the weekend, has given a new hope to industry in general... Full Story


SABB voted best cash manager for second year

RIYADH: In a poll of thousands of cash managers, treasurers and financial officers worldwide carried out by Euromoney Magazine, the financial experts were asked to rate the country’s cash management... Full Story


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