Tuesday 22 July 2014
 
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Saudi

HBMSU mulls exchange programs with Saudi varsities

The Dubai-based Hamdan Bin Mohammed Smart University (HBMSU) is considering launching academic and learner exchange programs with Saudi universities. Dr Mansoor Al Awar, chancellor, HBMSU, recently received Dr Saleh Bin Hamad Al S

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Saudi to open stock market to foreigners in early 2015

Saudi Arabia's Capital Market Authority plans to open the stock market to direct investment by foreign financial institutions in the first half of 2015, the regulator said on Tuesday. The CMA said it would publish next month d

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Saudi Arabia to open $530bn bourse to foreigners

Saudi Arabia's cabinet gave permission to the financial regulator to open the Arab World's biggest stock market to direct investment by foreign financial institutions. The opening of the Saudi market, capitalised at about

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Saudi economic growth forecast to hit 4.6pc

Saudi Arabia's economy is likely to grow 4.6 percent this year, more than previously estimated, helped by a robust performance of the private sector, the International Monetary Fund said. "Private sector growth is expecte

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Saudi to open stock market to foreign firms

Saudi Arabia's cabinet has given permission to the country's financial regulator, the Capital Market Authority (CMA), to open the stock market to direct investment by foreign financial institutions, the cabinet said in a statement on Tue

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Mobily Q2 profit hit by Atheeb deal provision

Etihad Etisalat (Mobily), Saudi Arabia's No 2 telecom operator, matched forecasts on Monday despite a 18.6 percent fall in second-quarter net profit caused by a provision against a scrapped network sharing deal with Atheeb Telecom.

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Rolta wins new deal from Sadara

Rolta, a top engineering and IT company, has won an additional scope of work to implement a comprehensive engineering information system within Sadara Chemical Company’s Jubail integrated chemical complex.

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Saudi banks offer $32.9bn real estate loans in Q1

Saudi banks provided loans totalling SR123.4 billion ($32.9 billion) to the real estate sector in the kingdom during the first quarter of this year, a report said. Real estate loans to individuals rose by 33 per cent in Q1 2014 to

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Sabic Q2 profit rises 7pc to $1.72 billion

Saudi Basic Industries Corp (Sabic), one of the world's largest petrochemicals groups and the Gulf's largest listed company, reported a 7 percent increase in second-quarter net income on Sunday, matching analysts' forecasts.

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42 Saudis firms seek agro investments abroad

As many as 42 Saudi Arabian investors have made requests to make agricultural investments in foreign countries, said a report.   Saad Khalil, director at the office of King A

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