Monday 20 October 2014
 
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Saudi

Saudi Arabians pump $879m into Dubai real estate

Saudi Arabians have emerged the second biggest investors in Dubai's property sector among the GCC states pumping Dh3.3 billion ($879 million) into the emirate's real estate during the first half, said an expert. The UAE na

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Saudi Arabians pump $879m into Dubai real estate

Saudi Arabians have emerged the second biggest investors in Dubai's property sector among the GCC states pumping Dh3.3 billion ($879 million) into the emirate's real estate during the first half, said an expert. The UAE na

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MMG's recovery plan gets board approval

Saudi contractor Mohammad Al Mojil Group's (MMG) board had approved a recovery plan that use most of its existing capital base to pay off debts and new cash raised through a share issue, it said on Sunday. The firm, which got

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Saudi oil pipeline briefly set alight after shots fired at patrol

A "limited fire" broke out on a subsidiary oil pipeline in eastern Saudi Arabia after assailants fired shots at a security patrol, the state news agency SPA said.   An industry source told

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Era of blacklists over, says Saudi credit chief

Factual credit information leads the way in assessing consumers’ creditworthiness which will effectively see the end of blacklists, said a top official of Saudi Credit Bureau (Simah). A recent study on payment behaviour cond

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Elaf to open up new opportunities for Saudi tourism

The Elaf Group of Companies is looking to increase awareness of Saudi Arabia’s potential as a premier tourist destination at a top forum in Casablanca, Morocco. The company will take part in the Arab International Forum, to

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Sinking oil prices may curb US output too slowly for Saudis

Saudi Arabia effectively started a global oil price war this month aimed at quickly denting US oil output. Slowing a US drilling boom, however, could take more than a year.   Many observers expect a downward spir

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Saudi Arabian property prices 'may fall 40pc next year'

Saudi Arabia could see a 30 to 40 per cent drop in property prices in 2015 following the recent government decision to impose fees on vacant lands and cancel all bogus land deeds, said a report. The government must take additional measu

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Ruckus appoints Al Jammaz as distributor for Saudi

Ruckus Wireless, a global supplier of advanced wireless systems for the rapidly expanding mobile Internet infrastructure market, has appointed Al Jammaz as its value added distributor (VAD) for Saudi Arabia. Al Jammaz is a leading

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Hilal Computer's Saudi unit wins Dell awards

IT solutions and technical services provider Hilal Computer, Saudi Arabia, an authorised reseller for US computer technology multinational Dell, has won two prestigious awards at a major Dell partner conference in Brussels, Belgium.

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