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BEMCO deal

Saudi BEMCO wins $1.3 billion deal for Riyadh plant

Arabian Bemco Contracting Co (Bemco) has won a 4.7 billion riyals ($1.25 billion) contract from Saudi Electricity Co (SEC) to…

May 20, 2012 9:46
 
SGF

Saudi Gulf Union plan stumbles as wary leaders seek detail

Saudi Arabia’s thrust for a Gulf Union, driven by fear of Arab Spring contagion and spreading Iranian influence, has stumbled…

May 20, 2012 9:37
 
Saudi Arabia

UK envoy hopes Saudi woman will compete at Olympics

In April the head of the kingdom's sporting body said no female athletes would be part of Saudi Arabia's official Olympic team, but he left the door open to Saudi women participating in London independently

May 20, 2012 9:23
 
riyadh power plant

Saudi electricity signs $1.3 billion deal for Riyadh plant

Saudi Electricity Co (SEC) signed a contract worth 4.7 billion riyals ($1.25 billion) on Wednesday to build a power plant outside the capital Riyadh, the company said.

May 17, 2012 12:24
 
Al Tayyar

Saudi travel firm Al-Tayyar IPO seen pricing at top end

To raise up to 1.37 bln riyals from 30 pct IPO sale; Institutional portion oversubscribed nearly 5 times; Share price range set at 45-57 riyals; Listing seen early June; Saudi IPO sector showing signs of revival

May 17, 2012 12:19
 
http://www.dreamstime.com/-image21552325

Banque Saudi Fransi launches $750 million Sukuk

Launch spread at 185 bps over midswaps; Pricing tightened 15 bps from initial guidance; Sukuk to price Tuesday; first under new $2 billion programme

May 17, 2012 11:11
 
Gulf Leaders Expected to Announce Unity Plan

Gulf Leaders Expected to Announce Unity Plan

Gulf Arab leaders meeting on Monday are expected to announce closer political union, starting with two or three countries including Saudi Arabia and Bahrain, a government minister in Bahrain said.

May 13, 2012 3:57
 
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
 
Saudi Says $100 per Barrel Great Price for Oil

Saudi Says $100 per Barrel Great Price for Oil

Top crude exporter Saudi Arabia wants an oil price of around $100 a barrel and would like to see global inventories rise before demand picks up in the second half of the year, Oil Minister Ali al-Naimi said on Sunday.

May 13, 2012 9:20
 
South Korea says UAE, Saudi promise more oil

South Korea says UAE, Saudi promise more oil

The United Arab Emirates and Saudi Arabia have promised to fill any gap in South Korea's oil imports if supplies from Iran are disrupted, South Korean Minister of Strategy and Finance Bahk Jae-wan said on Monday.

May 7, 2012 3:34
 
Banque Saudi Fransi Eyes Debut Dollar Sukuk

Banque Saudi Fransi Eyes Debut Dollar Sukuk

Bank eyes Islamic bond of at least $500 million; Sukuk to be issued depending on market conditions; Issue will fall under new $2 billion bond programme; Roadshows planned between May 7 - May 11

May 2, 2012 3:22
 
Saudi Airlines Expects Catering IPO Approval in May

Saudi Airlines Expects Catering IPO Approval in May

Saudi catering unit IPO likely next month; Saudi considering purchase of 35-50 aircraft – official; Plane orders will help meet domestic demand

May 1, 2012 10:08
 
Fitch Says Saudi Mobile Market Still Offers Growth

Fitch Says Saudi Mobile Market Still Offers Growth

At nearly 200 percent mobile penetration, the Saudi mobile market should be close to maturity, but surprisingly it is still growing, despite possible slowing in H212

May 1, 2012 10:05
 
Saudi Aramco Sets May Propane at $810/T, Down $180

Saudi Aramco Sets May Propane at $810/T, Down $180

State-run Saudi Aramco has set its May contract price for propane at $810 a tonne, down $180 from the April level, an industry source said on Tuesday.

May 1, 2012 9:37
 
Saudi's Tasnee Eyes Debut Riyal Sukuk

Saudi's Tasnee Eyes Debut Riyal Sukuk

Saudi Arabia's National Industrialization Company (Tasnee) will begin meeting investors next week ahead of a potential debut Islamic bond, or sukuk, the petrochemicals firm said in a regulatory filing.

May 1, 2012 9:33
 
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