GCC Foreign Assets To Reach $1.9trn
Net foreign assets held by Gulf states are forecast to soar to $1.9 trillion in 2012 as a result of high oil…
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Saudi Arabia
Saudi’s NCB’s Net Profit Raise With 30%
Saudi Arabia's National Commercial Bank said on Friday that its first-quarter profit rose 30 percent from a year…
Kingdom Holding’s Net Profit Rises 11.3% in Q1
Saudi Arabia's Kingdom Holding, the investment firm of Prince Alwaleed bin Talal, said on Saturday its first…
WH Smith Expands in GGC
UK retail giant WH Smith has announced expansion plans in the Gulf region as it looks to offset weakness on…
Saudi Arabia May Buy Egyptian T-Bills
Saudi Arabia will provide Egypt with an aid package that may include a three-year deposit or the purchase of…
Kingdom Holding Seeks Financial support for World’s Tallest Tower
Kingdom Holding, Saudi Prince Alwaleed bin Talal’s investment company, is seeking a loan to help pay for the…
Mobily to Sell Surplus Capacity to Foreign MVNOs
Saudi Arabia Telecom Company “Mobily” is in talks to sell surplus network capacity to a number of foreign…
KSA Tops the List of Exporters to Arab Countries
Saudi Arabia topped the list of countries exporting to other Arab countries valued at $7.9 billion in 2011,…
Zain Nears Financial Deal of SR 9.75bln
Indebted telecoms operator Zain Saudi said it was finalizing the refinancing of a SR9.75 billion facility due in…
Mobily’s Net Income Increases by 21%
Saudi-based telecom operator, Etihad Etisalat (Mobily) has said its first-quarter net income rose 21% to SR1.21bn,…