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  • Dar-al-Arkan

    Dar al-Arkan repays $1 billion sukuk on Monday

    Saudi builder Dar al-Arkan Real Estate Co has transferred $1 billion to Deutsche Bank to repay its Islamic bond, or sukuk, the firm said in a bourse statement on Saturday.

    July 14, 2012 9:07
  • saudi-riyal-sukuk

    Saudi development fund to lend Tunisia $220 million

    The Saudi Fund for Development will extend a total of about $220 million to Tunisia in low-interest loans, Tunisia's Investment and International Cooperation Ministry said, as the North African country seeks to recover from last year's revolution.

    July 14, 2012 9:01

    Saudi Cement second quarter net profit jumps 36 percent

    Saudi Cement Co posted a net profit of 290.2 million riyals ($77.4 million) for the second quarter on Saturday, a rise of 36 percent from a year earlier.

    July 14, 2012 8:59
  • Saudi Arabia

    Olympics-Saudi women athletes to compete in London

    Judoka and runner will be first Saudi women to compete; All countries will now be sending female athletes; Follows other concessions to women in the country

    July 13, 2012 8:36
  • South Korea to halt Iran oil exports

    U.S. must tighten pressure on Iran

    Iran believes it is safe ahead of U.S. election – minister; Hezbollah will pay 'heavy price' if it attacks Israel ;Syria's Assad faces sure defeat, process being accelerated

    July 13, 2012 8:34
  • emaar-and-up-pander-to-buyers_small1

    Emaar sees demand for sukuk in boost for Dubai

    Sukuk prices at par with 6.4 pct profit rate – leads; Orders worth $4.65 bln placed, showing confidence in Dubai; Emaar shares up 2 pct

    July 13, 2012 8:31
  • UAE-says-sanctions-hurting-trade-with-Iran

    UAE frees American hunger striker on bail

    The United Arab Emirates has freed on bail an American businessman accused of embezzlement who has been in jail in the Gulf Arab state since 2008 and went on hunger strike in May, the U.S. embassy said on Friday.

    July 13, 2012 8:29