The Kingdom’s Western Region is experiencing an unprecedented real estate boom, with billions of riyals earmarked for mega projects. Among the most important are the SR15 billion, mixed-use Prince...
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Yansab net profit drops 16.7% in Q1

DUBAI: Saudi Arabia's Yanbu National Petrochemical Co.

WTO raises outlook for global trade

GENEVA: Global commerce is set to grow by 4.7 percent this year, the World Trade Organization said, with recovery in rich economies expected to mitigate risks in developing nations.

Citigroup profits up 3.5% on lower costs, improved credit

NEW YORK: Citigroup reported slightly higher quarterly earnings on Monday, as lower expenses and credit losses helped offset revenue declines in mortgage finance and trading.

China buys Glencore copper mine for $6bn

LONDON: A Chinese consortium bought the Las Bambas copper mine in Peru from Glencore Xstrata for $6 billion, the high end of analysts’ forecasts in China’s biggest acquisition of a mine, showing t

Alstom wins $312m gas turbine contract

PARIS: French engineering group Alstom said it had won a contract worth 225 million euros ($312 million) to provide power generation equipment for the Al-Anbar gas-fired combined-cycle power plant bei

Kingdom ‘mindful of global recovery push’

Saudi Arabia plays a pivotal role in the IMF through its historic presence and works with its multiple partners, when needed, to promote global financial stability, said a senior Riyadh-based economis

Food fair to tap new Saudi opportunities

The Saudi food, hotel & hospitality Arabia Fair 2014 was opened on Sunday by Director General for Agriculture Affairs of Makkah Region Hassan bin Obaid Sangoof.

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