Wednesday 16 April 2014
 
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Saudi

Samba Q1 profit rises 7pc as costs drop

Samba Financial Group, Saudi Arabia's third-largest bank by market value, posted a 7.1 percent rise in first-quarter net profit on Tuesday, beating analyst forecasts as operating expenses fell. The bank said it made a profit o

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Saudi imposes fines, jail terms for visa lapses

Saudi Arabia will punish people who employ foreigners illegally or break the terms of their visas, in an effort to encourage local employment. Punishment ranging from fines and jail terms to confiscation of assets and deportation

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Good growth seen in UAE, Saudi Arabia

The UAE and Saudi Arabia are expected to enjoy good economic growth this year, according to a Crédit Agricole Private Banking research report. The ‘Macro Comment – Eastern Promises: Mena Update’ said Arab

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Saudi jails 13 for aiding overseas fighters

A Saudi Arabian court on Sunday jailed 13 men to sentences ranging from one to 10 years for aiding and financing militants fighting abroad, conspiring inside Saudi Arabia and harbouring wanted suspects, state news agency SPA reported.

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Yansab Q1 net profit drops 16.7pc

Saudi Arabia's Yanbu National Petrochemical Co (Yansab) missed the average forecast of analysts as it posted a 16.7 percent decline in first-quarter net profit on Monday, citing lower prices for some of its products. The firm,

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Golden Sands eyes Saudi partnerships

Dubai's Golden Sands Hotel Apartments, a pioneer in the concept of hotel apartments in the region, hopes to establish fruitful business relationship with new partners within the Saudi Arabian market during its participation at the 6th editio

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Bahrain Cabinet moves to tackle trucks chaos

Massive truck bottlenecks on King Fahad Causeway were yesterday the focus of a Cabinet session in Bahrain chaired by His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa.   They pose a serious t

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Saudi seizes drugs worth $267m; 6 held

Saudi Arabian police have arrested six people and seized illegal drugs worth 1 billion riyals ($267 million) that were being smuggled into the country from neighbouring Bahrain, the Interior Ministry said on Sunday. Spokesman Majo

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Saudi among top 5 countries in e-services

Saudi Arabia has ranked fifth among the world’s top 10 countries in e-government services and online government-citizen interactivity, said a report.   A comparative study conducted by Accenture Internation

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Saudi may close shops early to boost jobs

Saudi Arabia is expected to make shops close at 9 pm instead of midnight later this year, Saudi Gazette reported on Sunday, in a move aimed at encouraging employment by making sales jobs more attractive. The policy, first announce

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