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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Savola Group Q1 profit rises 43%

JEDDAH: Saudi Arabia’s Savola Group posted a 43 percent rise in first-quarter profit, beating analysts’ estimates as the food producer expanded its market share in the retail sector, revenue rose



Saudi Energy to showcase fresh technologies, new equipment

Arrangements are being made for Saudi Energy 2014, a major show on electricity, power generation, alternative energy, water technology and lighting, being held in Riyadh on May 26.



SABIC expansion abroad vital, says CEO

RIYADH: Saudi Basic Industries Corp.



Western Region attracts billions in realty projects

The Kingdom’s Western Region is experiencing an unprecedented real estate boom, with billions of riyals earmarked for mega projects.



Kuwait Finance House net profit rises 13%

KUWAIT: Kuwait Finance House (KFH), the country's biggest Islamic lender, reported a 13 percent rise in first quarter net profi, missing analyst estimates.




Questions on bubble as tech momentum fades

WASHINGTON: After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.



Kingdom imports 80% of food products

Saudi Arabia is importing 80 percent of its food requirements from foreign countries while the remaining 20 percent of foods are locally produced, local media said quoting a report released by the Wor



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