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Last Updated: Wed, Jul 23 2014 | 4:10 PM |
Saudi state investment fund to set up new companies
Banking & Finance»

Saudi state investment fund to set up new companies

Wednesday, 23 July 2014 8:10 PM

Public Investment Fund eyes new firms in housing, petrochemicals and technology

Saudi Electricity says will get $400m payment from Aramco
Energy»

Saudi Electricity says will get $400m payment from Aramco

Wednesday, 23 July 2014 1:47 PM

Gulf's largest utility firm says payment will affect cash flow and reduce consumer receivables in the third quarter

Gulf banks in new lending bonanza as foreign banks falter
Banking & Finance»

Gulf banks in new lending bonanza as foreign banks falter

Tuesday, 22 July 2014 9:55 AM

"Local banks are more eager to lend today than at any time in the last five years"

Prince Alwaleed's Kingdom Holding Q2 net profit up 16.8%
Banking & Finance»

Prince Alwaleed's Kingdom Holding Q2 net profit up 16.8%

Monday, 21 July 2014 10:51 AM

Company cited higher income from investments, which include Citigroup, Rupert Murdoch's News Corp and microblogging site Twitter

Prince Alwaleed pays debts of 1,059 prisoners
Banking & Finance»

Prince Alwaleed pays debts of 1,059 prisoners

Sunday, 20 July 2014 10:14 AM

Move is part of the royal’s humanitarian and philanthropic activities during Ramadan

Jadwa sees shortfall in Saudi healthcare investment
Healthcare»

Jadwa sees shortfall in Saudi healthcare investment

Saturday, 19 July 2014 1:40 AM

New report says beds capacity of just 21 per 10,000 people in kingdom should drive more private funding

Saudi writes off $64.7m owed by 1,158 deceased citizens
Banking & Finance»

Saudi writes off $64.7m owed by 1,158 deceased citizens

Thursday, 17 July 2014 11:35 AM

Move is in line with an order issued by King Abdullah

Saudi's Aujan competes deal for Lebanese Coca-Cola firm
Banking & Finance»

Saudi's Aujan competes deal for Lebanese Coca-Cola firm

Monday, 14 July 2014 1:54 PM

Aujan Coca Cola Beverages Co buys majority stake in National Beverage Company

Saudi's NCB posts 22% jump in Q2 net profit
Banking & Finance»

Saudi's NCB posts 22% jump in Q2 net profit

Sunday, 13 July 2014 3:57 PM

National Commercial Bank is expected to list its shares in one of Saudi Arabia's largest initial public offers later this year

Saudi's Olayan buys 51% stake in Gulf Union Foods Co
Banking & Finance»

Saudi's Olayan buys 51% stake in Gulf Union Foods Co

Sunday, 13 July 2014 2:56 PM

Olayan Financing Co says it has acquired majority stake from group of investors including Jadwa

Saudi's largest lender posts fourth straight quarterly profit dip
Banking & Finance»

Saudi's largest lender posts fourth straight quarterly profit dip

Sunday, 13 July 2014 1:45 PM

Al Rajhi Bank cites increase in total operating expenses for the 8.2% drop in three months to June 30

1
Airbus confirms staff quizzed in Saudi corruption probe
Banking & Finance»

Airbus confirms staff quizzed in Saudi corruption probe

Wednesday, 9 July 2014 3:22 PM

Aerospace, defence firm says four former and current employees have been interviewed by Serious Fraud Office

M&S Saudi franchise holder in capital boost to fund growth
Banking & Finance»

M&S Saudi franchise holder in capital boost to fund growth

Wednesday, 9 July 2014 11:26 AM

Fawaz Abdulaziz Alhokair said it would convert reserves and retained earnings to new shares

World Bank unit to inject up to $100m in Saudi's ACWA Power
Banking & Finance»

World Bank unit to inject up to $100m in Saudi's ACWA Power

Tuesday, 8 July 2014 1:46 PM

International Finance Corp says it aims to boost funding for renewable energy scheme

IDB's infrastructure fund looks to build regional links
Banking & Finance»

IDB's infrastructure fund looks to build regional links

Monday, 7 July 2014 1:59 PM

Jeddah-based bank aims to help Gulf companies to expand into Asia and Africa


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