Economy

Naim Ibrahim Al-Naim, director of King Abdulaziz Port, has inaugurated its locally manufactured Zamil 602 vessel at its shipyard at King Abdulaziz Port in Dammam. The Zamil 602 was manufactured at...
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US banking giants see mixed results

US banking giant Goldman Sachs reported a drop in net earnings while Morgan Stanley saw an increase in profits.



GE Q1 earnings fall, outlook strong

NEW YORK: General Electric posted lower first-quarter net income than a year ago because last year’s results included the sale of NBC Universal.






KSA inflation: Upside risks may emerge in H2

Saudi CPI inflation fell for the fourth consecutive month in March, reaching 2.6 percent year-on-year (y-o-y) in March compared with 2.8 percent in February, according to a report released on Wednesda




SMEs versus small overseas enterprises

The small and medium enterprises (SMEs) issue in the Kingdom has been debated heavily in the last few years.



Profits of Saudi banks rise 6% to SR10.6bn in Q1

Profits of all Saudi banks grew by 6 percent to SR10.6 billion in the first quarter of 2014 compared to SR10 billion in the same period last year, local media said.



Sahara Q1 net profit drops 20.3%

JEDDAH: Saudi Arabia’s Sahara Petrochemical, currently in talks with Sipchem over a possible merger, posted a 20.3 percent drop in first-quarter net profit, citing lower sales for the decline.

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