Thursday 31 July 2014
 
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Saudi

Move to promote Bahrain as 'boutique destination'

Bahrain's Culture Ministry intends to reinvent the kingdom as a 'boutique destination' - celebrating the rich cultural heritage of the country in order to increase tourism's contribution to the economy, a report said.

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Saudi opens the door to major inflows to market

Saudi Arabia’s decision to open up its stock market to foreign financial institutions (FIIs) in the first half of next year is a long-awaited step towards its inclusion in the MSCI emerging markets (EM) index, which could mean active net i

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Saudi market 'could see $35bn foreign inflow'

Saudi capital market, the largest in the Middle East and North Africa (Mena) region, could draw up to $35 billion once it is opened to direct foreign investments, an analyst has said. The long-awaited move, approved by the cabinet

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Sama issues new currency worth $266m

The Saudi Arabian Monetary Agency (Sama) has issued new Saudi riyal currencies worth SR1 billion ($266.6 million) to meet growing demand during Eid Al-Fitr, said a report.  

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Foundation laid for massive Madinah city

Work on the massive King Abdullah City for Pilgrims was launched in Madinah recently with the laying of the foundation for the project. Attending the ceremony were Minister of Finance Dr Ibrahim Al-Assaf and Minister of Haj Dr Ban

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Saudi state fund plans housing firms

Saudi Arabia's Public Investment Fund (PIF) aims to establish companies in areas including housing, petrochemicals and technology as it expands its investments locally and overseas, Finance Minister Ibrahim Al-Assaf said. His

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Saudi state investment fund to set up new firms

Saudi Arabia's Public Investment Fund (PIF) aims to establish companies in areas including housing, petrochemicals and technology as it expands its investments locally and overseas, Finance Minister Ibrahim Al-Assaf said. His

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Saudi 'will become 7th largest emerging capital market'

Emerging capital markets will double their global index share by 2030, with Saudi Arabia expected to emerge as the seventh largest emerging capital market by 2030, says a report. Saudi Arabia will account for the second largest sh

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Savola in talks to sell packaging unit to Takween

Saudi Arabia's Savola Group has signed a non-binding agreement to sell its packaging business to Takween Advanced Industries, as it moves to focus on its core sectors of food and retailing, it said on Wednesday. Savola, which

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Saudi opening will put Mideast on global investor map

The opening of Saudi Arabia's $530 billion stock market to foreigners will finally put the Middle East on the investor map. Foreigners will be allowed direct access to the stock market from next year under reforms announced on

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