Top Saudi Arabia News

Riyad Bank sets up SAR200 million insurance firm

(Arabic) A new SAR200 million insurance firm -The Global Company for Cooperative Insurance- is established in Saudi Arabia where Riyad Bank owns 30% of shares. Al-Arabiya - 07Jan 11:10GMT
Saudi Nama unit gets SAR210 million loan

(Arabic) Saudi Nama has got the Saudi Industrial Development Fund's approval to get a SAR210 million loan for its chemical unit JANA which will use it to boost its production capacity to 100%. Al-Arabiya - 07Jan 10:57GMT
Airlines in Saudi Arabia Cut Fares

A number of airline companies have cut their ticket fares by 10 to 20 percent in the wake of a decline in fuel prices. Saudi Arabian Airlines said it was reducing ticket charges on its international flights by 10 to 15 percent. Arab News - 07Jan 08:18GMT
KI Forecasts 100% Increase in GCC Turnover

One of America's largest office furniture manufacturing companies, Krueger International, (KI) is forecasting a 100 per cent increase in GCC turnover in the 2009 financial year. Khaleej Times - 07Jan 07:00GMT
Israeli terror in Gaza overshadows US-Gulf forum

Israeli terrorism and the blindly biased US policy in the Middle East overshadowed deliberations at a high-profile forum on US-Gulf relations, which opened here yesterday with a call to intensify global efforts to end the brutal attacks and to establish an immediate cease-fire. Arab News - 07Jan 06:36GMT
Labor Office in Saudi Arabia investigating catering firm

The Labor Office in Jeddah is investigating a major catering firm that supplies meals to over 30 airlines, including Saudi Arabian Airlines, after over 100 Saudi employees filed a case complaining of discrimination and slave-like work conditions. Arab News - 07Jan 06:35GMT
Listed firms 2nd best GCC performer

The net profits of UAE companies listed on its two stock exchanges are projected to have jumped by nearly 33 per cent in 2008 to turn the country into the second best stock performer in the region, according to a bank survey. Emirates Business 24/7 - 07Jan 06:23GMT
Oman's trade links with GCC on the rise

The amount of intra-Gulf Cooperation Council (GCC) trade stood at $46.6 billion in 2007 in terms of exports from the six GCC states to the other GCC states. Oman Daily Observer - 07Jan 06:18GMT
Saudi Stocks Surge Over 10% In 4 Days

The Saudi stock market continued its upward trend in the first four trading days of this year. The Tadawul All-Share Index (TASI), which closed at 4,802.99 points on Dec. 31, 2008, surged over 10 percent in four days. The index yesterday closed 109.38 points or 2.11 percent higher at 5,289.73 points. Arab News - 07Jan 04:47GMT
Huron Consulting Group Acquires Nextmove

Huron Consulting Group Inc. announced it has acquired Nextmove, a Riyadh, Saudi Arabia-based consulting firm, to expand the Company's Middle East presence to meet the increasing demand for health and education consulting services in the region. Press Release - 06Jan 14:08GMT

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Leading Fund

Fund	Amanah Saudi Industrial Companies Fund
Geographic Focus	Saudi Arabia
Fund Manager	HSBC Saudi Arabia
NAV	5.04 SAR \| 05Jan09
1-Month Return	+ 17.76%
Amanah Saudi Industrial Companies Fund is the leading fund in Saudi Arabia on the Funds Monitor in terms of 1-Month return.
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Video

Nama CEO Talks About Jubail Chemical Industries' Loan

Arabic language (4:10)
Abdulmohsen Al Ogaili says that loan of Nama's chemical unit Jubail Chemical Industries is a 10 year loan - 07Jan

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Companies

Fit for a King

Established by the Kingdom Holding Company in 1995, Kingdom City is a residential compound consisting of 333 units that accommodate 80,000 residents and 250,000 visitors. Kingdom City also offers heath, sports and recreational facilities.

» Profile | Officers | News

Research

How GCC Monetary Reforms can support US Economic Recovery
Special Contributions - Jan 2009

AlphaOmegaPi argues that reforming GCC monetary architecture, with appropriate policy actions, can be a key supporting factor to US economic recovery, while bringing about much needed local monetary empowerment in the region. The architecture that needs reform is well described by the fact that GCC central banks do not have any significant holdings of government bonds.

» Read Report

Community Buzz

Stories in Saudi Arabia

Most read stories by Community in the last 24 hrs

1 Saudi Banks Buck Global Trend

2 Five New Oil Fields Found In Saudi Arabia

3 UAE Banks Top Realty Exposure

4 Oil Prices Rise As OPEC 'Eyes' Special Meeting

5 Tanmiyat Group Weathering Economic Storm

6 KSA: Aramco, Dow Seek Cost Cuts

7 Surge in production capacity may depress saudi cement prices

8 Saudi Arabia announces discovery of eight new fields of oil, gas

9 GCC: Shortage Of Qualified Employees, Inflation Raise Concerns

10 Saudi Brokerages Lay Off 300 Employees On Fincl Crisis

Companies in Saudi Arabia

Most viewed companies by Community in the last 24 hrs

Company Name Country Industry

Kingdom City Saudi Arabia Lodging

Al Rajhi Investment Group Saudi Arabia Investment Firms and Funds

King Fahad Medical City Saudi Arabia Health Care Services

Zuhair Fayez Partnership Saudi Arabia Construction and Design

Emaar the Economic City Saudi Arabia Landlords and Developers

Saudi Basic Industries Corporation Saudi Arabia Petrochemicals

Saudi Telecom Saudi Arabia Telecommunications Services

Abdulhadi Al Qahtani and Partners for Marine and Oil Field Services Saudi Arabia Oil and Gas Field Services

Saudi Arabian Oil Company Saudi Arabia Oil

Aujan Industries Company Saudi Arabia Beverages

Posted on 07Jan
Comments

Re: When God wants to destroy the Ants

“With regards to your comments on residential units in the mid income sector in KSA, it is true that data points towards mismatch between supply/demand in the future. Unlike Dubai, the demand is very real & the domestic market is indeed present. The recent turn of events does not change that fact; yet people have become cautious & so have banks.....”

R AK on The Wings of the Ant ( the future of investment firms in the GCC )

Projects

Most viewed projects by Community in the last 24 hrs

Project Name Country Sector

Ras Tanura Integrated Refinery and Petrochemicals Complex Saudi Arabia Oil and Gas

QP - Al Shaheen Refinery Qatar Oil and Gas

Qatalum Aluminum Smelter Qatar Industry

KNPC - Al Zour Refinery Kuwait Oil and Gas

Dubai RTA - Dubai Metro - Purple Line UAE Infrastructure

WDEPC - Abu Qir Power Plant Expansion - Civil Works Egypt Power and Water

Qatar Foundation - Sidra Hospital Qatar Real Estate

ADCO - SAS Field Development UAE Oil and Gas

Saadiyat Island Development - Saadiyat Resort and Beach Residences (Phase 1) UAE Real Estate

IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP) UAE Oil and Gas

Blogs

Most read blogs by Community in the last 24 hrs

1 Job Losses Become Part of Life

2 The Wings of the Ant ( the future of investment firms in the GCC )

3 Hot Properties Cool Off-Damac & Other Developers

4 Wow! This Recession is Staggering

5 The Myth of Islamic Finance

» Read More Blogs From Other Contributors

Company Name	Country	Industry
Kingdom City	Saudi Arabia	Lodging
Al Rajhi Investment Group	Saudi Arabia	Investment Firms and Funds
King Fahad Medical City	Saudi Arabia	Health Care Services
Zuhair Fayez Partnership	Saudi Arabia	Construction and Design
Emaar the Economic City	Saudi Arabia	Landlords and Developers
Saudi Basic Industries Corporation	Saudi Arabia	Petrochemicals
Saudi Telecom	Saudi Arabia	Telecommunications Services
Abdulhadi Al Qahtani and Partners for Marine and Oil Field Services	Saudi Arabia	Oil and Gas Field Services
Saudi Arabian Oil Company	Saudi Arabia	Oil
Aujan Industries Company	Saudi Arabia	Beverages

Project Name	Country	Sector
Ras Tanura Integrated Refinery and Petrochemicals Complex	Saudi Arabia	Oil and Gas
QP - Al Shaheen Refinery	Qatar	Oil and Gas
Qatalum Aluminum Smelter	Qatar	Industry
KNPC - Al Zour Refinery	Kuwait	Oil and Gas
Dubai RTA - Dubai Metro - Purple Line	UAE	Infrastructure
WDEPC - Abu Qir Power Plant Expansion - Civil Works	Egypt	Power and Water
Qatar Foundation - Sidra Hospital	Qatar	Real Estate
ADCO - SAS Field Development	UAE	Oil and Gas
Saadiyat Island Development - Saadiyat Resort and Beach Residences (Phase 1)	UAE	Real Estate
IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP)	UAE	Oil and Gas

ZawyaSelect

Selected comments and analysis that reflect our
angle into current business issues in the region.

Ghawar's Black Gold
Straddling over an area bigger than Qatar and housing more than six per cent of the world's oil wealth, Saudi Arabia's Ghawar is yet to be fully explored though it has been pumping crude for more than half a century.

Economy & Politics
GCC-Singapore FTA Offers Hope
As 2008 ended on a low amid a global financial crisis, the FTA between the GCC and Singapore formalized in December came as a whiff of fresh air.

Economy & Politics
Progressive Taxation
Although a pan-GCC "progressive" tax structure is inevitable, it will take months of preparation before individuals in the region begin to shell out a part of their monthly income to the government coffers.

Contribute to Zawya Select» More Selections

Company Ranking

Ranked by Market Cap
Based on yesterday's close
| No. of Employees | Total revenue

Company Country Market
Capital
($mil)

1 Saudi Basic Industries Corporation Saudi Arabia 47,390

2 Saudi Telecom Saudi Arabia 27,994

3 Al Rajhi Bank Saudi Arabia 25,095

4 Samba Financial Group Saudi Arabia 12,777

5 Saudi Electricity Company Saudi Arabia 10,609

» View Full List

Related Information

IPOs in Saudi Arabia

Recent & Upcoming Sukuk in Saudi Arabia

Mutual Funds Focused on Saudi Arabia

Major Projects in Saudi Arabia

Research on Companies in Saudi Arabia

Macroeconomic Research on Saudi Arabia

Oxford Business Group Reports On Saudi Economy

Companies in Saudi Arabia

Select from 2028 companies

EIU Research On Saudi Arabia Economy & Sectors

Key Developments17Dec08

Business Outlook16Jul08

Background:

Country Fact Sheet17Dec08

Political Structure17Dec08

Social Indicators & Living Standards16Jul08

Demographic Profile16Jul08

Economy:

Economic Background25Sep08

Country Risk Summary17Dec08

Country Outlook10Dec08

Economic Structure17Dec08

Quaterly Economic Indicators17Dec08

5-Year Forecast Summary 17Dec08

Ten-year Growth Outlook16Jul08

Market Opportunities16Jul08

Manufacturing25Sep08

Regulations:

Licensing and Intellectual Property10Jun08

Investment Regulations10Jun08

Competition and Price Regulations10Jun08

Operating Risk:

Overview16Oct08

Forecast Data08Feb07

Industry Forecasts:
Automotive 27Aug08

Consumer Goods And Retail 29Aug08

Energy And Electricity 29Aug08

Food, Beverages And Tobacco 13Feb08

Financial Services 29Aug08

Healthcare And Pharmaceuticals 28Aug08

Telecoms And Technology 29Aug08

Travel And Tourism 28Aug08

» View Full Report

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1	Saudi Banks Buck Global Trend
2	Five New Oil Fields Found In Saudi Arabia
3	UAE Banks Top Realty Exposure
4	Oil Prices Rise As OPEC 'Eyes' Special Meeting
5	Tanmiyat Group Weathering Economic Storm
6	KSA: Aramco, Dow Seek Cost Cuts
7	Surge in production capacity may depress saudi cement prices
8	Saudi Arabia announces discovery of eight new fields of oil, gas
9	GCC: Shortage Of Qualified Employees, Inflation Raise Concerns
10	Saudi Brokerages Lay Off 300 Employees On Fincl Crisis

1	Job Losses Become Part of Life
2	The Wings of the Ant ( the future of investment firms in the GCC )
3	Hot Properties Cool Off-Damac & Other Developers
4	Wow! This Recession is Staggering
5	The Myth of Islamic Finance

	Company	Country	Market Capital ($mil)
1	Saudi Basic Industries Corporation	Saudi Arabia	47,390
2	Saudi Telecom	Saudi Arabia	27,994
3	Al Rajhi Bank	Saudi Arabia	25,095
4	Samba Financial Group	Saudi Arabia	12,777
5	Saudi Electricity Company	Saudi Arabia	10,609
» View Full List

Funds

Video

Companies

Research

Stories in Saudi Arabia

Companies in Saudi Arabia

Posted on 07Jan Comments

Projects

Blogs

Posted on 07Jan
Comments