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Last Updated: Thu, Jul 28 2016 | 8:01 PM |
Saudi central bank's foreign assets slump $11bn in June
Banking & Finance»

Saudi central bank's foreign assets slump $11bn in June

Friday, 29 July 2016 12:01 AM

Assets shrink 15.9% from a year earlier to their lowest level since early 2012

Saudi's Kingdom Holding Q2 net profit falls 22%
Banking & Finance»

Saudi's Kingdom Holding Q2 net profit falls 22%

Thursday, 28 July 2016 5:18 PM

Kingdom attributed fall in profit to lower income from associates, JVs and other income sources, in addition to a decrease in dividends income, and a rise in finance charges

India's Sahara dismisses $1.3bn UK-Gulf bid for luxury hotels
Travel & Hospitality»

India's Sahara dismisses $1.3bn UK-Gulf bid for luxury hotels

Thursday, 28 July 2016 1:28 PM

Embattled company describes bid as 'baseless'; says it values prime assets in London, New York under market value

Saudi, UK consortium launches $1.3bn bid for Grosvenor House and Plaza hotels
Travel & Hospitality»

Saudi, UK consortium launches $1.3bn bid for Grosvenor House and Plaza hotels

Wednesday, 27 July 2016 10:34 AM

UK family office 3 Associates and Saudi family that runs a private wealth fund in Dubai launch rival bid for Sahara's hospitality empire

Expat Pakistanis remit $10bn from UAE, Saudi in past year
Banking & Finance»

Expat Pakistanis remit $10bn from UAE, Saudi in past year

Monday, 25 July 2016 2:02 PM

Saudi Arabia contributed 30% of total remittances from overseas Pakistanis

$15.5bn in Saudi electronic deals recorded during Ramadan
Retail»

$15.5bn in Saudi electronic deals recorded during Ramadan

Monday, 25 July 2016 2:02 PM

5 million transactions with a gross value of $867m were recorded on a single day

Gulf retreats as oil's fall outweighs Q2 earnings
Markets»

Gulf retreats as oil's fall outweighs Q2 earnings

Sunday, 24 July 2016 6:51 PM

Riyadh's stock index fell 1.2 percent as losses accelerated in the final hour of trade, with 80% of traded stocks declining

Are the troubles easing for Saudi construction giant Binladin?
Construction»

Are the troubles easing for Saudi construction giant Binladin?

Tuesday, 19 July 2016 4:22 PM

Gulf kingdom's biggest builder appears to have pulled back from the brink of a financial crisis that risked damaging the wider economy

Saudi mining giant sees plummeting Q2 net profit
Banking & Finance»

Saudi mining giant sees plummeting Q2 net profit

Monday, 18 July 2016 7:53 PM

Saudi Arabian Mining Co posts 51% slump as sales revenues declined on low commodity prices

Germany's Hapag-Lloyd seals merger with Gulf-backed UASC
Transport»

Germany's Hapag-Lloyd seals merger with Gulf-backed UASC

Monday, 18 July 2016 1:48 PM

Agreement between Hapag-Lloyd and UASC is expected to be completed by the end of 2016

Saudi Binladin seeks loan extension after Grand Mosque payment delay
Construction»

Saudi Binladin seeks loan extension after Grand Mosque payment delay

Monday, 18 July 2016 12:52 PM

Request to delay the payment was because the Saudi government had yet to reimburse the construction firm for works carried out on Islam's holiest location, according to sources

Private wealth in Saudi Arabia forecast to rise to $2trn by 2020
Banking & Finance»

Private wealth in Saudi Arabia forecast to rise to $2trn by 2020

Saturday, 16 July 2016 12:40 AM

New report also says total number of millionaire households in Gulf kingdom is set to grow by 1.3% by end of decade

UAE, Saudi firms review staff benefits levels as slowdown bites
Banking & Finance»

UAE, Saudi firms review staff benefits levels as slowdown bites

Friday, 15 July 2016 12:27 AM

Aon Hewitt survey reveals 2016 increase in allowances, benefits is a third of that seen in previous years

Embattled Saudi builder repays $266.7m Islamic bond
Banking & Finance»

Embattled Saudi builder repays $266.7m Islamic bond

Friday, 15 July 2016 12:25 AM

Banking sources say delayed payment is sign of modestly easing pressure on struggling contracting giant

Saudi firms close $1.825bn refinancing for Rabigh 1 power project
Banking & Finance»

Saudi firms close $1.825bn refinancing for Rabigh 1 power project

Wednesday, 13 July 2016 2:40 PM

Consortium of electricity companies complete deal for 1240 MW fuel oil-fired plant on the western coast of Saudi Arabia


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