Zain Saudi to repay debts with rights issue cash
Loss-making Zain Saudi , Saudi Arabia's No.3 telecoms company, launched a $1.6 billion rights issue on Tuesday to boost its balance sheet and help it fight back against rivals.
July 11, 2012 11:46-
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Big Saudi banks post upbeat second quarterly results
Four major Saudi banks reported upbeat quarterly results on Tuesday, topping or meeting estimates, boosted by rising loan demand.
July 11, 2012 11:30 -
Saudi Hollandi second quarter net profit jumps 26.2 percent
Saudi Hollandi Q2 net profit 332.3 mln riyals vs 263.3 mln yr-ago; Profit jump on higher operating income, lower costs; Deposits up 21.9 pct year-on-year, loans up 20.1 pct
July 11, 2012 11:20
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Saudi British bank second quarter profit up 7.4 percent, beats estimates
SABB Q2 2012 net profit 915 mln riyals vs 852 mln yr-ago; Profit up on increased operating income, decreased costs; Loans and advances up 18.7 pct, deposits up 18.6 pct
July 11, 2012 11:00 -
Saudi Al Rajhi second quarter net profit up 13.6 percent
Saudi Arabia's Al Rajhi Bank posted a 13.6 percent rise in its second quarter net profit, helped by a 12.3 percent jump in operating income, it said in a statement posted on the bourse website on Tuesday.
July 11, 2012 10:40 -
Samba Financial second quarter net profit edges higher
Samba Q2 profit up 5.1 pct on higher operating income; Q2 profit 1.16 bln riyals vs 1.1 bln riyals yr-ago; Operating income up 6.7 pct year-on-year
July 11, 2012 10:33
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Qatar sets price guidance for benchmark sukuk
The Gulf state set initial guidance of 135 basis points over mid-swaps for the five-year tranche, and 175 bps over for the 10-year tranche.
July 10, 2012 12:40 -
Brent slips below $99 on weak china data, Norway strike halt
China June crude imports down 15 pct on year; Norway govt halts strike, prevent full output shutdown; Coming Up: API weekly petroleum data
July 10, 2012 12:19 -
US lawmaker asks Tuvalu to stop reflagging Iran oil tankers
A prominent U.S. lawmaker has asked the small South Pacific island nation Tuvalu to stop reflagging Iranian oil tankers and warned its government of the risks of running afoul of U.S. sanctions.
July 10, 2012 12:08
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Syrians should choose leader in 2014 vote
Salehi says foreign action "aggravates" Syria crisis; Doesn't believe Iran will ever close Strait of Hormuz; Accuses world powers of obstructing nuclear talks
July 10, 2012 11:56 -
EU, Iran diplomats to meet for nuclear talks in July
EU, Iranian diplomats to meet on July 24; Negotiations downgraded amid deep divisions in atom row
July 10, 2012 11:46 -
RBS, others quit Dubai group debt talks
RBS, two other banks quit talks, threaten legal action; Concessions offered to end banks' dissension – sources; Legal action threat may be negotiating tactic - analyst
July 10, 2012 11:36
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Valentino in exclusive talks with Qatar
London-based private equity fund Permira is in exclusive talks with the Qatari royal family over the sale of Italian fashion house Valentino and a decision is expected by the end of the month, four sources close to the talks said on Monday.
July 10, 2012 11:16 -
BP not ruled out of Abu Dhabi concessions
BP Plc has not been ruled out of tendering for Abu Dhabi's upcoming renewal of oil and gas concessions, contrary to one media report, industry sources close to the situation said on Monday.
July 10, 2012 11:06 -
Oman sentences writer, poet, for defaming sultan
Oman, a Western-allied, small oil exporter that flanks a major crude shipping route out of the Gulf, has detained more than 30 people in the past few weeks over protests that erupted after strikes at petroleum plants over pay and pension issues.
July 10, 2012 11:02
