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Petchem boosts Saudi market; banks weigh on Abu DhabiPetrochemical and small-cap stocks turned around Saudi Arabia's index after early declines on Monday while blue-chip companies dragged other Middle Eastern bourses lower. The Saudi benchmark swung in volatile trade, dipping be More… |
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Low-risk Saudi market to lure foreign investorsSaudi Arabia has been ranked 14th among low-risk credit markets on a list of 76 countries published by a global ratings agency, which would help attract more foreign investors, said a top economist. The kingdom holds 15th position More… |
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Q1 earnings likely to propel Saudi stocksSaudi Arabia's bourse has underperformed most of its Gulf peers so far this year but the release of first-quarter corporate earnings, expected in the next few weeks, may give the market a leg up. More… |
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Saudi extends decline amid probe reportSaudi Arabia's shares extended their sharp decline amid a negative global backdrop, while a local press report saying the king has called for an investigation into market violations added downward pressure. The index dipped 0.6 percen More… |
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Motorola launches Android smartphones in SaudiMotorola, a global leader in mobile telecom, has introduced its Android smartphones Milestone and Milestone XT720 handsets to the Saudi market. “Consumers in Saudi Arabia are demanding ‘media on the go’ and Motorola is responding to this n More… |
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Saudi regulator approves two IPOs for 2010Saudi Arabia's stock market regulator said on Sunday it approved two initial public offerings (IPOs) to be completed before the end of the year. Al Jouf Cement Co will offer 50 percent of its shares to the public, or 65 million shares at 1 More… |
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Al Islami Foods enters Saudi marketAl Islami Foods, a leading halal food producer in the Middle East, has announced its entry into Saudi Arabia with a strategic distribution agreement with Arabian Trading Supplies, a leading distributor in the Kingdom. Under the distributi More… |
