Sunday 26 October 2014
 
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Saudi

Saudi Al Tayyar Q3 net profit up 13.5pc

Al Tayyar Travel Group, a leading travel and tourism company in Saudi Arabia, has posted a 13.5 per cent rise in its third-quarter net profit, slightly below analysts' forecasts, as sales increased. The company made a net prof

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Masked men burn 2 Saudi consulate cars in Egypt

Masked men set fire to two cars belonging to the consulate of Saudi Arabia in the Egyptian city of Suez on Friday morning, local security sources and the state news agency reported. Security sources who spoke on condition of anony

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Samsung wins $600m Turkey power plant deal

Samsung C&T Corp has won a 630 billion won ($597 million) order to build a power plant in Turkey from Saudi Arabia's ACWA Power International. The South Korean builder said in a statement the construction of the gas combin

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Samsung wins $600m Turkey power plant deal

Samsung C&T Corp has won a 630 billion won ($597 million) order to build a power plant in Turkey from Saudi Arabia's ACWA Power International. The South Korean builder said in a statement the construction of the gas combin

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Savola to pay $0.2 per share dividend for Q3

Saudi Arabia's Savola Group said it would distribute a third-quarter dividend of SR0.75 ($0.2) per share. The dividend was split between a SR0.5 a share ordinary dividend and a SR0.25 a share exceptional dividend after the com

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Saudi supplies less oil in Sept despite output rise

Saudi Arabia supplied less crude oil to the market in September than a month earlier, an industry source said on Thursday, at a time when some Opec members are calling on the top oil exporter to cut back output to lift prices. Bre

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Saudi warns women against driving protest

Saudi Arabia's Interior Ministry on Thursday issued a warning to women not to get behind the wheel in defiance of the kingdom's men-only road rules after a renewed social media campaign to challenge the law by driving in public.

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Ma'aden Q3 net profit falls 66pc, beats forecasts

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, beat analyst forecasts as it reported a 66 per cent fall in third-quarter net profit after a one-off gain was not repeated. The company's net profit in

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Oil analyst Horsnell sees no Saudi price war

Standard Chartered Bank oil analyst Paul Horsnell, renowned for having called the market's long rally a decade ago, is back, and sticking with a more bullish bias even as prices slump to four-year lows.   Hor

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Saudi developer to invest in stocks

Jazan Development Company (Jazadco), a leading Saudi company specialising in agricultural activity, said it has won approval from the company's board, to invest SR20 million ($5.3 million) in Tadawul-listed shares. Jazadco sai

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