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Talat Zaki Hafiz
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More funds flow toward corporate assets in GCC
JEDDAH — Strong corporate returns are driving the flow of year-on-year capital within family offices in the Gulf Cooperation Council (GCC) from personal assets to corporate (family business) assets, the third annual Invesco Middle East Asset Management Study said Monday.The study ...
ALJ recalls some 2007, 2008 Toyota Fortuner vehicles
Abdul Latif Jameel Company (ALJ) has recalled certain units of 2007 and 2008 Toyota Fortuner vehicles, based on the regulation number 2397 issued by the Ministry of Commerce and Industry. The recall was based on Toyota announcement that the rear ...
Turkmenistan near deal on trans-Afghan gas pipeline
Turkmenistan plans this week to sign a long-awaited agreement to supply natural gas to Pakistan and India through an ambitious US-backed pipeline that would cross Afghanistan, a source in the Central Asian country’s government told Reuters Monday.Turkmenistan, which holds more ...
GITEX Saudi Arabia 2012 opens amid robust ICT market
IT spending in Kingdom set to hit $5.7b by end-2014Per capita IT spending to reach $200RIYADH — GITEX Saudi Arabia 2012, a four-day premier business-to-business networking event and leading consumer information and communication technology (ICT) exhibition, kicked off Monday against a ...
Euromoney Saudi Conference tackles oil price fluctuations
RIYADH — The Euromoney Saudi Arabia Conference 2012 opened under the patronage of Saudi Arabia’s Minister of Finance Dr. Ibrahim Al-Assaf, who inaugurated the event at the Al Faisaliah Hotel. Now in its seventh consecutive year, the highly anticipated event ...
Gulf markets rise on bargain-hunting
JEDDAH — Most Gulf markets rose Monday as investors bought stocks oversold in recent days on euro zone fears, while a rise in oil prices helped improve local sentiment.The Saudi index closed above a key psychological level as buyers sought bargains ...
Pakistan trade mission seeks Saudi tie-ups
JEDDAH — A high-profile trade delegation from the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) arrived in Riyadh Monday, a statement from the Consulate General of Pakistan, Jeddah, said.The FPCCI delegation, headed by its President Haji Fazal Kadir Khan, ...
Sinopec Yanbu refinery due online in 2014
JEDDAH — Yanbu Aramco Sinopec Refining Company’s (Yasreef) 400,000 barrels per day (bpd) refinery, a joint Saudi Aramco and Sinopec venture, is expected to be working by November 2014, CEO Fahad Al-Helal said Monday.“The refinery will come onstream October-November 2014 ... ...
Sony announces winners of its 7th Creative Science Award ’12
From left: Dr. Khaled Taher, Supervisor General, Prince Salman Science Oasis; Afnan Al-Amr; Prince Mohammed Bin Khaled Al Abdullah Al Faisal, President & CEO, Al Faisaliah Group; and Bader Al Swailem, Managing Director, MECL/Sony.Under the patronage of Prince Mohamed ...
SABB, HAACO mark 50 years of flourishing partnership
From right: SABB’s Board members Sheikh Khalid Al Molhem, Sheikh Fouad Bahrawi, Sheikh Mohammed Alireza, CEO, HAACO, David Dew, MD, SABB, and Ghassan Alamoudi, Head of Corporate and Commercial Banking, SABB, WP.RIYADH — The Saudi British Bank (SABB) and Haji ...
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