Economy



SR47.19m rail deal to ensure line safety

The Saudi Railways Organization (SRO) has signed a SR47.19 million contract with a national company with the aim to control traffic on both sides of the railway line through a fiber optic network proj






Yansab net profit falls 20% in Q3

DUBAI: Saudi Arabia's Yanbu National Petrochemical Co. (Yansab) reported a 20.1 percent drop in third-quarter net profit on Monday, in line with analysts' estimates, as sales volumes declined.






Aramex aiming for two acquisitions in 2015

ABU DHABI: Dubai-listed logistics firm Aramex is targeting at least two acquisitions in 2015 as part of the company growth strategy, its founder and vice-chairman said on Monday.

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