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Saudi firm delays Sudan deal over dollar curbsA Saudi firm will hold off its planned project in Sudan to produce wheat and other basic food items until the government eases a ban to repatriate profits, its head said on Monday. Sudan, prized for its fertile land and easy acces More… |
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MMG appoints advisor for debt restructuringSaudi contractor Mohammad Al Mojil Group (MMG) said on Monday it had appointed the investment banking arm of Gulf International Bank to advise it on a restructuring of its debts. No value of the amount of debt being restructured w More… |
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Dar Al Arkan to sell benchmark-sized sukukSaudi Arabia's Dar Al Arkan Real Estate Development Company is aiming to sell a benchmark-sized Islamic bond, or sukuk, this week after announcing initial price thoughts for the dollar-denomin More… |
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Kerzner signs Jeddah One&Only dealAl Khozama Management Company, a top Saudi developer, has signed an agreement with Kerzner International Holdings, a major operator of luxury hotels, in partnership with Saudi Oger, to develop and operate a new One&Only resort in Jeddah. More… |
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Saudi diesel import set to hit record levelsSaudi Arabia will import near record high diesel volumes this summer, as it gears up to beat the sweltering heat and meet rising travel needs during the fasting month of Ramadan, trade sources sai More… |
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Bahrain, Saudi hospitals in transplant tie-upBahrain’s Salmaniya Medical Complex (SMC) is tying up with the King Fahad Hospital in Saudi Arabia to create a cross-border transplant programme for patients needing a new kidney, liver or pancreas. Organs donated in Bahrain More… |
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Patient-to-nurse spread of SARS-like virus reportedTwo health workers in Saudi Arabia have become infected with a potentially fatal new SARS-like virus after catching it from patients in their care - the first evidence of such transmission within More… |
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Mobily denies asking help for spyingSaudi Arabia's No 2 telecom operator Mobily denied claims by a software engineer that the company had asked him to build surveillance tools to intercept customers' messages on Twitter and other services. Matthew Rosenfield More… |
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Mobily picks Ericsson smart services routerEtihad Etisalat (Mobily), the leading telecom services provider in Saudi Arabia, has selected Ericsson to provide Evolved Packet Core networks in the western region of the kingdom. As a result of the new solution, Mobily subscribe More… |
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Arrest of Saudi with pressure cooker 'overzealous'The attorney for a Saudi Arabian man arrested at the Detroit airport over the weekend carrying a pressure cooker in his luggage said his client is the victim of a misunderstanding by overzealous US customs agents. Hussain Al Khawa More… |
