Saudi Arabian authorities will imprison anyone found guilty of harassing others in shopping centres, the Al-Watan daily reported on Saturday, a month after the kingdom eased restrictions on men entering malls alone.
April 22, 2012 10:34
The kingdom's second largest listed lender by market value said that its first quarter net profit increased by 2 percent year-on-year, due to a jump in operating income.
April 22, 2012 10:28
Saudi Arabian Mining Co (Maaden) is seeking a 7 billion riyal ($1.86 billion) loan from local banks, a Saudi banker told Reuters on Wednesday.
April 19, 2012 9:38
Saudi Electricity Co said on Wednesday its first quarter net loss narrowed by 25 percent, thanks to increased revenue, beating the market forecast.
April 19, 2012 9:32
Banque Saudi Fransi has established a $2 billion Islamic bond, or sukuk, programme, a regulatory filing on the London Stock Exchange showed.
April 18, 2012 4:24
Dubai-based private equity firm Abraaj Capital is looking at three to four investments in Saudi Arabia valued up to $150 million each, a senior executive said on Wednesday.
April 18, 2012 4:17
Saudi Aramco's Ras Tanura refinery, parts of which have been shut for maintenance since March, is expected to come back online in early May, three traders with knowledge of the plans said.
April 18, 2012 3:52
Zain Saudi said its first quarter loss narrowed by 21 percent from a year earlier due to lower operating costs, in line with analyst expectations.
April 17, 2012 3:38
Q1 profit 1.21 bln riyals vs 998 mln riyals a year earlier; 21 percent profit surge attributed to improved voice revenue Saudi Arabia's Etihad Etisalat (Mobily) on Monday reported a 21 percent rise in first-quarter net profit, just short of analysts' estimates, citing improved revenue from voice services and business customers
April 17, 2012 9:08
Saudi Arabia said it has no plans to acquire an arms factory from Sweden, weeks after the Swedish defence minister was forced to resign over reports Stockholm planned to help the conservative Muslim state build such a plant.
April 15, 2012 9:20
Saudi Arabian Fertilizers Co (Safco) reported a 5.5 percent fall in first-quarter net profit, missing forecasts.
April 15, 2012 9:11
IEA sees oil market supply fundamentals easing; Saudi Arabia says it is pumping 10 million bpd; U.S. crude stocks up 2.79 mln bbls; distillate, gasoline falls; Iran to offer new proposals at this weekend's nuclear talks
April 12, 2012 3:20
Saudi lender SABB posted a 13.7 percent rise in first-quarter net profit, the affiliate of HSBC said on Tuesday, beating analyst forecasts.
April 11, 2012 9:52
Bargain hunters may support Gulf markets on Tuesday as they target stocks sold off in early-week declines on regional bourses.
April 10, 2012 2:52
King Abdullah has ordered a crackdown on manipulation of Saudi Arabia's booming stock market, insisting action should be taken if necessary against improper trading by members of the royal family, the daily Alsharq newspaper reported on Monday.
April 9, 2012 5:00