Saudi Business News


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Date Title
2007-09-02 Saudis seek weekend change
Saudi business figures have stressed the need for the kingdom to adopt a Friday-Saturday weekend in order to have a closer alignment to practices in western nations where...
2007-09-02 Sama launches routes
Saudi Arabian domestic carrier Sama has launched six new routes, reported Arab News. The airline will now offer services from Hail to Dammam, Arar, Tabuk, Rafha, Al Gura...
2007-09-02 Saudi scholarship approval
Saudi Arabia's Health Minister Dr Hamad Al Manie has said a scholarship programme under which 1,000 Saudi doctors and medical technicians would be sent abroad for further...
2007-09-01 Sabic, GE complete $11.6bn deal
The General Electric Company (GE) has now completed the sale of its plastics business to the Saudi Basic Industries Corporation (Sabic), for $11.6bn in cash plus the ass...
2007-09-01 Saudi builds 35,000 housing units
Saudi Arabia plans to build 35,000 housing units over the next two years aimed at low income groups, reported Arab News. The housing will be built in various locations w...
2007-09-01 Saudia seeks new planes
Khaled Al Mulhim, the DG of Saudi Arabian Airlines, has said the carrier is likely to buy a fleet of new aircraft as part of a ten year modernization plan, reported Arab...
2007-08-30 New Medicine Firm to Sell 30 Percent in IPO
The newly formed National Company for Unified Purchase of Medicines and Medical Appliances will have a capital of SR2 billion and will sell 30 percent of its shares in an...
2007-08-29 Saudi Arabia: Commercial Banks' Foreign Assets Increase 8.4% in Q2 (Zawya)
JEDDAH, 27 August 2007 -- Total foreign assets of commercial banks in Saudi Arabia rose by 8.4 percent to SR154.5 billion ($41.2 billion) during the second quarter of thi...
2007-08-29 Fitch upgrades SABIC to 'A+'; affirms SABIC Europe at 'A'
Fitch Ratings has today upgraded Saudi Basic Industries Corporation's ('SABIC') Long-term Issuer Default Rating ('IDR') to 'A+' from 'A' and affirmed its Short-term IDR ...
2007-08-29 Saudi Arabia to up protection of oil facilities
Saudi Arabia will set up a 35,000-strong special force to protect its oil facilities due to the increasing threats against al-Qaida, the Interior Ministry said....
Top 5 Saudi Businessmen

Al Walid bin Talal
Bakr BinLadin
Salih bin Abd al-Aziz al-Rajhi
Salih Kamil
Abd al-Aziz H. al-Qusaybi

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