Saudi Business News


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Date Title
2007-09-27 Saudi Arabia: SR290bn Record Budget Surplus in 2006
Saudi Arabia yesterday announced a record budget surplus of SR290 billion ($77.5 billion) for 2006 thanks to high crude oil prices, the Saudi Press Agency reported, quoti...
2007-09-27 Zamil bags air cooling projects
Saudi-based Zamil Air Conditioners, the region's leading manufacturer of air conditioning systems, said it has won a group of new projects in the Kingdom's educational, c...
2007-09-27 Tadawul to adopt new system
The Saudi stock market (Tadawul) will adopt a new exchange system next month that can accommodate about two million deals daily, reported Arab News. The Capital Market Au...
2007-09-26 Saudi Arabia forms new direct mailing company
A new company called Shaher, specialising in direct mail, has been formed in Saudi Arabia. รข??Mail is an important form of communication among people. People often forget...
2007-09-26 Saudi Arabia opens up market
Saudi Arabia, home to the Middle East's largest stock market, is allowing citizens of neighbouring Gulf countries to buy and sell shares freely for the first time, repor...
2007-09-25 Ithmaar Bank invests in Saudi
Ithmaar Bank, a Bahrain-based investment bank with global reach, announced its intention to invest Saudi Riyals 23 million (US$6.1 million) in Ethraa Capital, an investme...
2007-09-25 Saudi Reaffirms Dollar Peg
The Saudi Arabian Monetary Agency Saudi Arabian Monetary Agency ( SAMA SAMA ) reaffirmed its determination to continue its dollar peg policy at the time when Kuwait disen...
2007-09-22 Riyal at 21 year high
Saudi Arabia's riyal hit a 21 year high against the US dollar on Thursday, as speculation it might ditch its peg to the greenback led to heavy buying, reported Reuters. A...
2007-09-22 3,808 factories in Saudi
The number of factories in Saudi Arabia reached 3,808 in Q1 according to a report by the Ministry of Commerce and Industry and cited by Arab News. The various facilities...
2007-09-22 MAF in Saudi expansion
MAF Fashion, part of the Majid Al Futtaim Group, is launching 11 new stores in Saudi Arabia, reported Arab News. The firm has opened a branch of Lucky Brand Jeans in Jed...
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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