Tuesday 23 October 2018
 
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Al Rajhi

Saudi Arabia sees sharp fall in H1 fiscal deficit

Saudi Arabia has reported a sharp improvement in fiscal deficit in the first half (H1) of the year, coming in at SR41.7 billion ($11.1 billion), much lower than 50 per cent of SR195 billion projected for the full year by the government, a report

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Saudi Arabia’s GDP expands in Q1: report

Saudi Arabian economy has started to recover in the first quarter (Q1) of 2018 after contracting for four consecutive quarters, backed by the rise in non-oil sector, led by the manufacturing and government and financial services, said a report.

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Saudi cement firms 'may see revenue drop in Q2'

Saudi Arabia’s cement sector is expected to witness a drop in revenue in the second quarter (Q2) of the year, according to a report released by Al Rajhi Capital, a leading financial services provider in the kingdom. The comp

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Saudi cement firms 'may see revenue drop in Q2'

Saudi Arabia’s cement sector is expected to witness a drop in revenue in the second quarter (Q2) of the year, according to a report released by Al Rajhi Capital, a leading financial services provider in the kingdom. The comp

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Saudi cement sector likely to see revenue drop in Q2

Saudi Arabia’s cement sector is expected to witness a drop in revenue in the second quarter (Q2) of the year, according to a report released by Al Rajhi Capital, a leading financial services provider in the kingdom. The comp

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Saudi cement sales weakness persists

Saudi Arabia’s total cement sales for Q1 2018 stood at 11.8 million tons, down 11 per cent year-on-year (y-o-y) and one per cent quarter-on-quarter (q-o-q) as a result of the continued slowdown in construction activity, a report said.

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Saudi cement sales weakness persists

Saudi Arabia’s total cement sales for Q1 2018 stood at 11.8 million tons, down 11 per cent year-on-year (y-o-y) and one per cent quarter-on-quarter (q-o-q) as a result of the continued slowdown in construction activity, a report said.

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Saudi Arabia’s credit to private sector edges up

Saudi Arabia’s credit to the private sector rose on a monthly basis for the first time in five months in January 2018 reflecting a 0.2 per cent increase month-on-month (m-o-m), said Al Rajhi Capital, a top financial services provider.

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Global oil usage ‘likely to top 100 mbpd in 2018’

Average global consumption was 93.6 million barrels per day (b/d) in 2014, and is likely to increase to 100.1 million b/d in 2018 and 101.8 million b/d in 2019, said a report. The optimal level of inventories to meet surge in dema

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Saudi Al Rajhi REIT fund raises $197m in IPO

Al Rajhi Capital, one of the leading providers of financial services in Saudi Arabia, said it had successfully closed the initial public offering (IPO) of its REIT (real estate investment trust) fund raising SR740 million ($197.2 million).

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