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Friday 8 April 2005 (29 Safar 1426)

Saudis to Receive ‘Distinguished Friend of India’ Award Annually

JEDDAH, 8 April 2005 — The newly established Saudi-Indian Business Network (SIBN) has decided to institute a “Distinguished Friend of India Award” to the Saudi entrepreneur annually. The award... Full Story


EMAAR Nets $360 Million Profit for Q1

DUBAI, 8 April 2005 — EMAAR Properties, which is building what is projected to be the world’s tallest skyscraper, announced yesterday record first quarter net profits of 1.32 billion UAE dirhams ($360... Full Story


Shopping Frenzy Marks Opening of Geant

ALKHOBAR/RIYADH, 8 April 2005 — Traffic jams, 45-minute checkout queues and a mad shopping frenzy marked the opening on Wednesday of Geant, the French hyper store at the Dhahran Mall. The opening... Full Story




Dollar Remains Weak as US Bond Yields Fall

LONDON, 8 April 2005 — The dollar remained weak against major currencies yesterday as its recent rally ran out of steam, with US bond yields turning lower and concerns over the size of the US current... Full Story


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