Economy

RIYADH, 17 July 2005 — Mobily, the second mobile service provider in the Kingdom, launched a campaign yesterday to attract new subscribers.

RIYADH, 17 July 2005 — Pipeline manufacture Saudi Arabian Amiantit lost SR16.6 million ($4.4 million) in the first half of the year but said a company restructuring brought it into profit in the se

RIYADH, 17 July 2005 — Saudi Arabia’s National Industrialization Company’s second quarter net profits tripled to SR120 million ($32 million) from SR40 million in the same period last year, the f

RIYADH, 17 July 2005 — Saudi Cement Company’s first-half year net profit rose 24 percent to SR248.9 million ($66.4 million) the company said yesterday.

RIYADH, 17 July 2005 — Saudi Arabian Fertilizer Co.

DUBAI, 17 July 2005 — Dubai-based Mashreqbank Group said yesterday its first-half net profit more than doubled to 676.6 million dirhams ($184.2 million) from 338.1 million dirhams a year ago.

JEDDAH, 16 July 2005 — The Saudi stock market continued its downward trend for the third consecutive week as the Tadawul All Shares Index (TASI) closed on Thursday at 12,538.87, losing 90.19 points

RIYADH, 16 July 2005 — Saudi Telecommunications Co. (STC) said on Thursday that its first-half net profit rose 15 percent to SR5.91 billion ($1.58 billion).

JEDDAH, 16 July 2005 — Saudi Arabia’s International Trading Co. (ITC) has won the agency of Korean firm Tempia Corporation for all its products in the Middle East, Africa and Europe.

RIYADH, 16 July 2005 — The initial public offering of Saudi Almarai dairy and food products company was oversubscribed four times, reaching SR9.23 billion ($2.46 billion), the company said yesterda