Thursday 23 May 2013
 
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Saudi

Brocade appoints new country manager in Saudi

Brocade, a leading network solutions provider, has appointed networking veteran Dr Cherif Sleiman to the position of country manager in Saudi Arabia, as part of its business expansion in the Middle East. In this role, Dr Sleiman i

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Dar Al Arkan raises $450m from sukuk sale

Saudi Arabia's Dar Al Arkan Real Estate Development Company has announced the launch of a SR2.8 billion ($750 million) International Islamic Sukuk Programme, in multiple tranches over a twelve month period. The order book for the fi

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Dar Al Arkan raises $450m from sukuk sale

Saudi Arabia's Dar Al Arkan Real Estate Development Company has announced the launch of a SR2.8 billion ($750 million) International Islamic Sukuk Programme, in multiple tranches over a twelve month period. The order book for the fi

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Drake & Scull clinches $461m Saudi contract

Dubai-based Drake & Scull International (DSI) has won a construction contract worth SR1.73 billion ($461.2 million) from Lamar Investment and Real Estate Development Company to complete its upcoming tower project in Jeddah. Th

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Promoaction DDB wins Zain Saudi account

  Promoaction DDB (P DDB) has been awarded the entire advertising account for Zain in Saudi Arabia as the telecom operator readies for further growth in the Kingdom. “We have aggressive

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Saudi to allow expats with new work visas

The Saudi Arabian government has begun permitting companies to recruit expatriates who are in the process of rectifying their work status, said a report. Expats who leave the Kingdom on an exit visa can now return, the moment they

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Saudi dairy approves $26m dividends

Saudi Dairy and Foodstuff Company (Sadafco) has approved a board recommendation for distribution of dividends worth SR97.5 million ($26 million) at SR3 per share representing 30 per cent of the capital, for the first quarter, said a report.

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Saudi oil exports plunge in March

Saudi crude exports fell to 7.42 million barrels per day (bpd) in March, 34,000 bpd less than in February, as Saudi power sector oil use rose and output edged lower, official figures released via the Joint Oil Data Initiative (JODI) show.

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Saudi woman creates history by climbing Everest

Raha Moharrak, a 25-year-old Saudi woman, has made history by becoming the youngest Arab to reach the summit of the world's highest mountain Everest. She was part of a four-person expedition that also included the first Qatari

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Big demand for housing projects at KAEC

The huge influx of investments in business enterprises and industrial projects at King Abdullah Economic City (KAEC) have resulted in a surge in demand for residential accommodation for employees and workers, said a senior official. KAE

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