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.
Saudi Arabia news
Tadawul dips 0.34%
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.- » Al Mazaya sells Saudi property
- » Saudi to regulate internet news sites
- » Tadawul nudges higher
- » Tourist arrival in Saudi to grow 5% annually
- » Saudi bank to open 90 new branches
- » Saudi Fransi booked highest loan loss impairment in Q4
- » Tadawul holds level
- » Mobily launches internet roaming
- » GE, Al Tamimi in heat exchanger JV
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Saudi Arabia press releases
ABB opens turbocharging service station in Jubail
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.- » Al Rabie outlines 2010 strategy for sales growth and market expansion at annual meeting
- » Lovells' associated firm in Saudi Arabia opens in Jeddah
- » eSense launches its Saudi Arabian front, eSense Arabia
- » National Commercial Bank Economic sponsor of JEF 2010
- » Women's participation in global computer literacy programs rises to 35% in KSA
- » Hadya Abdulateef Jameel Ltd begins hand over of commercial units in Jameel Square Project
- » Sasref starts commissioning of Ultra - Low Sulphur Diesel project
- » Mobily launches WiFi internet roaming
- » Saudi Readymix among Saudi's 100 fastest growing businesses for second year in a row
Analysis
Saudi Arabia announces the largest budget in its history
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.- » Saudi businesswomen leave SR50bn of assets unused
- » Saudi unemployment figures total 416,000
- » Saudi real estate sector to exceed $400bn in 2010
- » Saudi Arabia: Public debt reduced to SR237bn
- » Saudi Arabia tops regional foreign investment
- » Saudi gold consumption tops SR16.5bn
- » Saudi housing market facing mid-income unit shortfall
- » Apple can't save Saudi billionaire
- » Saudi 2008 tourism revenues hit SR 78.5bn
Basic country information
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