Economy

DUBAI: Saudi crude exports fell to 7.42 million barrels per day (bpd) in March, 34,000 bpd less than in February, as Saudi power sector oil use rose and output edged lower, official figures released...
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Isuzu facility in Dammam makes rapid progress

Tuesday 14 May 2013
Isuzu Motors has set up in the Kingdom “its first production plant in the Middle East.’ Located in the Industrial City of Dammam II, the Saudi-Japanese joint
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Council of Saudi Chambers highlights economic gains

Tuesday 14 May 2013
Despite an unfavorable climate in the regional and world economic situation, all indicators showed that the Saudi economy has been in excellent shape, according to a rep
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Dollar hits 4-1/2-year highs vs. yen

Tuesday 14 May 2013
NEW YORK: The dollar strengthened against the yen and other major currencies after the Group of Seven backed Japan’s efforts to spur growth through aggressive asse
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Kuwait trade surplus to shrink 10.3% to $ 88.3 bn

Tuesday 14 May 2013
Kuwait GDP is estimated to grow by 1.1 percent in 2013 as oil prices and production stabilizes, exports remain subdued, and government expenditure slows down, according
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Kafalah’s role focus of Riyadh conference

Tuesday 14 May 2013
The vital role of Saudi banks is one of the main themes to be discussed at the Saudi International SME Forum, which will be held with the support of Finance Minister Ibr
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Air Arabia Q1 net profit rises 20% to AED 59 m

Tuesday 14 May 2013
Air Arabia, the first and largest low-cost carrier in the Middle East and North Africa, has announced its financial results for the three months ending March 31, 2013, d
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Malaysia trade team plans key talks in Jeddah and Madinah

Tuesday 14 May 2013
A Malaysian trade delegation is touring Jeddah and Madinah from May 19 to 23.
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Real estate development stocks gain strength

Tuesday 14 May 2013
The Tadawul All-Share Index (TASI) passed through a lean session yesterday, shedding more than 36 points.
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HSBC CEO to deliver strategy update

Tuesday 14 May 2013
LONDON: HSBC’s recent ale of a stake in a Korean insurer was made with little fanfare, just one of 52 deals struck or businesses closed in the last two years by CE
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Residential construction industry ‘very competitive’

Tuesday 14 May 2013
Actual demand for housing in the Kingdom is huge and the supply doesn’t meet the demand.
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