Saudi Business News


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Date Title
2007-10-08 Sabic set for record profit
The Saudi Basic Industries Corporation (Sabic) is likely to have achieved a fifth consecutive record profit in Q3, according to a survey conducted by Reuters. Three anal...
2007-10-08 Binzagr Lever announces name change to Binzagr Unilever
Unilever Arabia announced the change of name of its local subsidiary in Saudi Arabia from Binzagr Lever to Binzagr Unilever. ...
2007-10-08 AwalNet offers to double the subscription validity of its DSL services
AwalNet, the leading Internet Service Provider in Saudi Arabia, has today unveiled an interesting new offer to subscribe to its high-speed DSL-based internet services wi...
2007-10-07 King seeks inflation answers
Saudi Arabia's King Abdullah has summoned the kingdom's Interior Minister, Prince Nayef bin Abdul Aziz, and several provincial governors to discuss rising inflation, rep...
2007-10-07 Saudi insurance firms get final licence
07 October 2007 Saudi-based Arabian Shield Co-operative Insurance Company and seven others received the final licence from the country's central bank, Riyadh-based busine...
2007-10-07 Sama announces the milestone of 400,000 bookings
SAMA, the new low-fare carrier in Saudi Arabia, is pleased to announce that huge public demand for the low fares has resulted in Sama reaching the milestone of 400,000 b...
2007-10-06 Saudi set for five IPOs
Saudi Arabia's Capital Market Authority (CMA) has given approval to five firms to launch initial public offerings (IPO), with a total of around 38.9m shares on offer, re...
2007-10-06 Domestic losses hit Saudia
Saudi Arabian Airlines (Saudia) is losing around $482m each year on its domestic routes, reported the Saudi Gazette. Saudia's DG Khaled Al Milhem claimed the airline doe...
2007-10-06 Jadwa Investment obtains CMA approval for Global Sukuk Fund
Saudi Capital Market Authority has authorized Jadwa Investment to launch a Global Sukuk Fund. ...
2007-10-05 Saudi Arabia: Record Surplus
Saudi Arabia recently unveiled a record budget surplus for the fourth consecutive year. It achieved a surplus of $77.5bn for 2006 thanks to high oil prices....
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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