Riyad Bank

UPDATE 2: Banks have yet to disclose exposure to troubled local groups Saad and AHAB.

Downgrade in response to fears of weakening asset quality in banking sector.

Mohammed bin Ibrahim bin Mohammed al-Issa still denies original insider trading charge.

Higher provisions have led to three of Saudi Arabia's largest banks posting lower Q4 profits.

Riyad Bank’s first foray into operational risk management took three years and nearly a million dollars to complete – but it now claims to have one of the most sophisticated IT infrastructures in the Middle East. ACN reports.

Q2 earnings top forecasts economies benefit from high oil prices and low rates.

Kingdom Holding leads losses as investors limit exposure to US financial sector crisis.

Saudi Arabia's fourth largest lender sees Q3 net income increase 10% through aggressive lending.

An introduction to the financing method which provides the cash for new capacities.

Finalising the ten CIOs and IT managers worthy of gracing the pages of ACN’s annual Top Ten IT Managers feature is never an easy task. It took hours of debate and a few heated verbal exchanges. Over the next seven pages we profile ten of the best IT managers in the region – individuals that have excelled in their profession and truly harnessed the power of IT to deliver tangible business benefits during 2006.