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Last Updated: Tue, Apr 15 2014 | 9:33 AM |
Saudi banking major posts 7% rise in Q1 net profit
Banking & Finance»

Saudi banking major posts 7% rise in Q1 net profit

Tuesday, 15 April 2014 1:33 PM

Samba Financial Group, Saudi Arabia's third-largest bank, attributes rise to a drop in operating expenses

Abraaj, TPG bid favourite to buy stake in Saudi's Kudu
Banking & Finance»

Abraaj, TPG bid favourite to buy stake in Saudi's Kudu

Thursday, 10 April 2014 6:36 PM

Joint bid is said to be favourite to acquire majority stake in fast-food chain

Saudi British Bank posts 14% rise in Q1 net profit
Banking & Finance»

Saudi British Bank posts 14% rise in Q1 net profit

Wednesday, 9 April 2014 1:49 PM

Saudi Arabia's fourth-largest listed lender makes nearly $290m net profit in three months to March 31

Second-in-line to Saudi throne said to denounce banks
Banking & Finance»

Second-in-line to Saudi throne said to denounce banks

Wednesday, 9 April 2014 1:49 PM

Deputy Crown Prince Muqrin bin Abdulaziz reportedly says they have contributed too little to society compared to what they take

Global investors “suspicious” of GCC countries: report
Banking & Finance»

Global investors “suspicious” of GCC countries: report

Saturday, 5 April 2014 3:05 PM

GCC states are giving a mixed welcome to investors, The Economist Intelligence Unit report says

Saudi’s Prince Alwaleed meets with Goldman Sachs chairman
Banking & Finance»

Saudi’s Prince Alwaleed meets with Goldman Sachs chairman

Thursday, 3 April 2014 9:39 AM

The US investment bank managed Twitter's 2013 IPO, which earned the prince nearly $900m

Saudi's biggest bank plans $1.3bn capital boost
Banking & Finance»

Saudi's biggest bank plans $1.3bn capital boost

Tuesday, 1 April 2014 4:02 PM

National Commercial Bank's announcement comes one month after gov't says it plans to float 15% of bank

Leaders»

World's 100 Most Powerful Arabs - Leaders

Monday, 31 March 2014 8:54 AM

Welcome to the 2014 Arabian Business Power List, our guide to the planet’s 100 most influential Arabs

Saudi Hanco consortium buys rental firm Byrne
Banking & Finance»

Saudi Hanco consortium buys rental firm Byrne

Tuesday, 25 March 2014 4:43 PM

Saudi, Bahrain firms ink $163m agreement to buy equipment leasing company

Saudi Arabia approves new fund to invest in manufacturing
Banking & Finance»

Saudi Arabia approves new fund to invest in manufacturing

Monday, 24 March 2014 6:23 PM

Move is part of Gulf kingdom's efforts to diversify its economy away from oil dependency

Saudi, Malaysia tee-up to boost their Islamic finance markets
Banking & Finance»

Saudi, Malaysia tee-up to boost their Islamic finance markets

Sunday, 23 March 2014 1:51 PM

Saudi Arabia’s Tadawul & Bursa Malaysia agreement expected to boost growth in both bourses

Banking & Finance»

Saudi banks cut off dealings with Sudan

Sunday, 23 March 2014 12:14 PM

Two of Saudi Arabia’s major banks have joined western financial institutions in cutting off dealings with Sudan. Al Rajhi and Ahly banks are the latest to stop doing business with the African state, following the lead of the US which imposed economic sanctions on the country in 1997 over charges of terrorism and human rights abuses.

Saudi Electricity Co gets $13.2bn gov't loan
Banking & Finance»

Saudi Electricity Co gets $13.2bn gov't loan

Friday, 21 March 2014 10:37 AM

State-owned utility is granted interest-free loan to help fund power generation projects

Saudi Arabia gives Pakistan $1.5bn 'gift' for Syria support
Banking & Finance»

Saudi Arabia gives Pakistan $1.5bn 'gift' for Syria support

Tuesday, 18 March 2014 12:32 PM

Pakistan accepts $1.5bn grant on condition it won’t sell arms to Syria or other countries in civil war

Electronics giant inks $235m deal to buy Saudi firm stake
Banking & Finance»

Electronics giant inks $235m deal to buy Saudi firm stake

Monday, 17 March 2014 1:54 PM

Royal Philips says it has signed agreement to buy 51% stake in General Lighting Company


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