Economy

JEDDAH: Saudi Arabia topped the list as foreign direct investment (FDI) into Arab states rose by 9.8 percent last year.

The subscriptions to IPOs (initial public offerings) in the Saudi stock market dropped drastically during the year, according to a recent economic study.

Kuwait Financial Centre (Markaz) recently published the executive summary of its report on GCC education sector.

Abdullah bin Mahfouz, president of the Saudi Egyptian Business Council, said a number of Saudi investors in Egypt will be forced to withdraw their investments from Egypt

The Tadawul All-Share Index (TASI) continued its upward march, marking another gain of 0.84 percent yesterday.

Established in 1979, the bank commenced commercial operations in February 1980 with one branch in Jeddah, having acquired the local operations of Arab Bank plc.

The Japan-Saudi Arabia Industrial Cooperation Joint Task Force is now engaged in a series of interviews with Saudi major companies.

ENNISKILLEN, United Kingdom: The European Union and the United States launched yesterday long-awaited formal negotiations on a vast trade pact.

The Saudi sukuk market will continue to grow over the next 12-18 months, a credit positive for Saudi banks, following a new record SR 25.2 billion ($ 6.7 billion) issuan