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Wednesday, February 10 - 2010

Saudi Arabia

The latest business news, company announcements and analysis from Saudi Arabia. Keep abreast of the most up-to-date developments in the oil industry in the Kingdom, the progress in infrastructure and real estate projects, such as the King Abdullah Economic City, and investments in the Arab world's largest economy, and see how these will affect you and your business.

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Saudi Arabia news

Tadawul dips 0.34%

Saudi Arabia: 10 hours, 13 minutes ago
Saudi Arabia's Tadawul All Share Index fell 0.34% to 6,200, with 100 stocks falling and 24 rising. All sectors ended lower except real estate development and agriculture and food industries. Market heavyweight Alinma Bank dipped 0.40 to SR12.55.

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Saudi Arabia press releases

ABB management officially inaugurate the Jubail service station.

ABB opens turbocharging service station in Jubail

Saudi Arabia: 11 hours, 17 minutes ago
ABB, the leading power and automation technology group, has opened its first turbocharging service station in the industrial city of Jubail. The service station will provide round-the-clock servicing and spare parts availability to customers of ABB's Switzerland-based turbocharging unit from the shipping, railway, power generation and mining sectors operating in and around Bahrain, Kuwait and the Eastern region of Saudi Arabia.

Analysis

Saudi Arabia has announced the largest budget in its history

Saudi Arabia announces the largest budget in its history

Saudi Arabia: Tuesday, January 12 - 2010 at 11:17
Saudi Arabia has announced its 2010 budget, the largest in its history, with SR540bn for public spending from predicted revenues of SR470bn added to a deficit of SR70bn. The kingdom's actual income in 2009 stood at SR505bn, which, with record spending of SR550bn, left a deficit of SR45bn. King Abdullah bin Abdul Aziz has directed the government to expedite the completion of the budget.

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