Awal Bank extends bankruptcy process to U.S.
Bank files for Chapter 11 in New York; Awal controlled by Saad, Al-Sanea; More than $1 billion liabilities shown in petition.
October 23, 2010 12:38Distressed Saudi conglomerate Saad vows to pay banks
Reuters data suggests loans worth around $5.5 billion are due in 2012; More than 120 banks believed affected.
April 23, 2010 9:43
Exposed, and it hurts
Thirteen UAE banks, and seven foreign branches in the Emirates have a combined exposure of $2.9 billion to the Saad and Algosaibi groups, the Central Bank said on Wednesday. The bank insists everything is going to be ok. Is it?
November 19, 2009 4:19Mashreqbank has received “no settlement offer” from Saad and Algosaibi groups
AE-based Mashreqbank has not received a settlement offer from troubled Saudi firms Saad Group...
November 15, 2009 2:31
Over 90% of passwords vulnerable to hacking
Passwords in the Middle East - even ones deemed to be "strong" - are actually susceptible to infiltration.
May 23, 2013 8:51
'Renewable energy absolutely necessary' - Saudi
Oil saving win-win drives Saudi solar power boom...
May 23, 2013 4:56
Real cost of sending your child to a Dubai school
Ambareen Musa, founder of Souqalmal.com, reminds parents of the hidden and additional costs of education.
May 23, 2013 1:19
Gold iPad at Burj Al Arab
Device to be a “virtual concierge” for luxury hotel's guests.
May 22, 2013 12:04
Minimum wage 'unfair' for employers?
FNC member argues that minimum wage for domestic workers and maids is 'taking advantage' of employers.
May 20, 2013 4:24