Saturday 1 November 2014
 
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Saudi

Mobily delays earnings to review financial statements

Saudi Arabia's Mobily asked for its shares to be suspended and postponed publication of its quarterly earnings, seeking more time to review unspecified "significant matters" in its financial statements. Mobily, 28 pe

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NCB to defy global slowdown with $6bn flotation

Saudi Arabia is still expected to chalk up the region's biggest ever listing when National Commercial Bank's SR22.5 billion ($6 billion) offering closes on November 2, bucking a broader market slowdown. The initial public

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Saudi plans to improve services for umrah pilgrims

Saudi Arabia’s Ministry of Haj has unveiled plans to strengthen the electronic regulations to improve the services as well as streamline the arrival and departure of pilgrims with the umrah season set to begin on November 23.

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Blucher wins Jeddah airport pipe supply contract

Blucher, one of Europe's leading producers of stainless steel drainage systems, said its regional office in Dubai, UAE, will supply its 200-mm pipes for Phase One expansion of King Abdul Aziz International Airport (KAAIA) in Jeddah, Saudi Ar

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Shapoorji Pallonji starts Saudi tower work

Designer-contractor Shapoorji Pallonji Mideast, the regional arm of the Indian business conglomerate Shapoorji Pallonji Group, has begun substructure work on the 150-m-tall Al Abdulkarim Tower (AKH Tower) in Dammam, Saudi Arabia.

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Funds positive on Gulf equity markets despite oil price slide

Funds are positive on many Gulf stock markets despite the recent slide in oil prices, after sharp pull-backs in the markets improved valuations, the latest monthly Reuters survey of regional asset managers found. The oil price dro

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Saudi Arabia to create 300,000 hospitality jobs for nationals

The Saudi Arabia aims to provide around 300,000 jobs in the hospitality sector to its nationals - both men and women - in the kingdom as part of its nationalisation drive, said a report. The Ministry of Labour is co-ordinating wit

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Saudi Arabia to create 300,000 hospitality jobs for nationals

The Saudi Arabia aims to provide around 300,000 jobs in the hospitality sector to its nationals - both men and women - in the kingdom as part of its nationalisation drive, said a report. The Ministry of Labour is co-ordinating wit

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Saudi construction group unveils new brand identity

Saudi-based Abdulaziz Alsaghyir Holding Company (AAHC), a specialist in contracting, building materials and real estate development, celebrated its 40th anniversary by launching its new brand identity that reflects the company’s success an

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Saudi to claim $9bn in cloud-based govt services

Saudi Arabia is set to claim $9 billion worth of cloud-based government services, according to a recent report. Riyadh-based Technology Control Company (TCC) and SAP said managed cloud as a service (MCaaS) will enable service prov

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