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Saudi Inflation Pressure to Continue In Second Quarter

Saudi Inflation Pressure to Continue In Second Quarter

Inflationary pressures are likely to continue in Saudi Arabia in the second quarter, the central bank said in a report published on its website;"The available data points to an expectation of continued inflationary pressure... during the second quarter of 2012," said a quarterly inflation report issued by the Saudi Arabian Monetary Agency (SAMA).

May 13, 2012 3:57
 
Aldar Says No Financial Help Needed From Abu Dhabi

Aldar Says No Financial Help Needed From Abu Dhabi

Abu Dhabi's Aldar Properties , currently in merger talks with rival Sorouh Real Estate, says it is committed to repay its huge pile of debt and sees further consolidation in the emirate's battered property market.

April 23, 2012 9:07
 
Banque Saudi Fransi Q1 Net Profit Up 10 Percent

Banque Saudi Fransi Q1 Net Profit Up 10 Percent

Q1 2012 net profit 789 mln riyals vs 717 mln in 2011; Bank cites increased operating income for profit rise; Loans and advances up 15.5 percent on same time last year

April 11, 2012 9:54
 
Saudi Hollandi Bank Posts 22 Percent Q1 Net Profit Rise

Saudi Hollandi Bank Posts 22 Percent Q1 Net Profit Rise

Saudi Hollandi Bank posted a 21.9 percent rise in first-quarter net profit on higher operating income and lower expenses, but missed analysts' expectations for the first three months of the year

April 11, 2012 9:50
 
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