DEAD SEA, Jordan: King Abdullah Economic City (KAEC), a special economic zone on Saudi Arabia’s Red Sea coast near Jeddah, expects its inflow of new corporate tenants to speed up this year as the econ
RIYADH: Profits of the listed retail companies grew by 6.04 percent to SR789.4 million in the first quarter of the current year (2015) compared to SR744.4 million in the same period last year, accordi
JEDDAH: National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, has signed a deal to buy five very large crude tankers from ship builders Hyundai Heavy Industrie
JEDDAH: Saudi Arabia’s benchmark Tadawul All-Share Index ended Sunday’s trading in the red at 9,732.52 points, down 35.57 points or 0.36 percent from its previous day close.
DUBAI: Most Gulf stock markets slipped after oil prices fell, while Egyptian equities extended gains following the delay of an unpopular capital gains tax.
ALGIERS: Algeria’s state energy firm Sonatrach has picked a new chief executive to replace an interim head appointed less than a year ago and has also replaced more than 20 other managers in a major s
DUBAI: International AirFinance Corporation (IAFC) has picked two banks to arrange a $400 million Islamic loan to finance the provision of five aircraft, one of the arrangers of the facility said.
DUBAI: Oman’s Bank Sohar has invited banks to participate in a $250 million debut loan to fund its general business activities, with the marketing of the deal expected to close by end of June, the arr
ALGIERS: OPEC member Algeria recorded a trade deficit of $4.3 billion for the first four months of 2015, reversing a $3.4 billion surplus a year earlier, due to lower energy earnings as global oil pri
RIYADH: Google has launched here recently “Google Partners Academy” to help Saudi entrepreneurs and small and medium business (SMBs) to be online and digital experts to grow their businesses.
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