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Talat Zaki Hafiz
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Islamic investments foresee immense opportunity for international growth
JEDDAH — In spite of the recent credit crunch and widespread global economic slowdown, the prospects for growth in Islamic securities markets are likely to be positive, said Abdul Rahman Al Baker, Executive Director of Financial Institutions Supervision, Central Bank of ...
GCC foreign assets at all-time high as confidence firms up
JEDDAH — Net foreign assets in the GCC grew by $456 billion to reach an all time high last year, mainly due to vigorous oil prices, the Institute for International Finance (IFF) said.Hydrocarbon exports are expected to experience the ...
Saudi stocks rebound
JEDDAH — Saudi Arabian stocks rebounded from Saturday’s three-month closing low Sunday as buyers came into the market following the index’s fall below a key resistance level.The stock benchmark Tadawul All Share Index rose 0.19 percent to 6,979.55 points, after dropping ...
Gulf airport project contracts reach $2b in 5 months
JEDDAH — Airports bagged the bulk of transportation contracts awarded in the first five months of 2012 with $2 billion worth of projects throughout the GCC, MEED said Sunday in a new research.Road construction came in second with $1.6 billion ...
KSA demand for ACs rises amid construction boom
JEDDAH — With a size of about SR4.4 billion, the Saudi air conditioning market is one of the biggest in the MENA region, Al Rajhi Capital said in a report Sunday."We expect this market to continue to grow at a healthy ...
Mobily adopts Ericsson’s EPC solution
MOBILY has signed an agreement with Ericsson — the world’s leading provider of communications technology and services — for the supply of an Evolved Packet Core (EPC) solution that supports 2G, 3G and 4G communications.Evolved Packed Core is a flat, ...
Prince Khaled Al-Faisal applauds STC Group
PRINCE Khaled Al-Faisal, Emir of Makkah Province, has honored STC Group for its outstanding role as the strategic partner of the 2nd Annual Makkah Prize of Excellence aimed at increasing competitiveness and creativity by giving recognition in selected fields, such ...
Pronamel protects teeth from acid wear
With dental problems on the rise in Saudi Arabia, GlaxoSmithKline — a British multinational pharmaceutical and consumer healthcare company — is introducing in the Saudi market a toothpaste brand that is an effective tooth protection against acid wear. Pronamel, ...
UMA launches all-new Chevrolet Malibu 2013
UNIVERSAL Motors Agencies (UMA), Saudi Arabia’s leading General Motors dealer, has launched the new Chevrolet Malibu 2013 in all its showrooms across the Kingdom. The new Malibu aims to satisfy all family sedan lovers in the Saudi market. "The new ...
Barclays widens banking offering in Middle East
BARCLAYS Bank PLC said Sunday that it is continuing to expand its corporate banking offering through the expansion of debt finance origination capabilities in the GCC. Alexander Harrison has been appointed as head of Debt Finance, UAE and GCC. He ...
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