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Saudi Says Men to Face Jail for Harassment in Malls

Saudi Says Men to Face Jail for Harassment in Malls

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
 
Saudi's Samba Posts 2 Percent Increase in Q1 Net Profit

Saudi's Samba Posts 2 Percent Increase in Q1 Net Profit

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
 
HSBC to Arrange $1.8 Bln Maaden Loan -Banker

HSBC to Arrange $1.8 Bln Maaden Loan -Banker

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 Loss Narrows, Revenue Higher

Saudi Electricity Loss Narrows, Revenue Higher

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 Sets Up $2 Billion Islamic Bond Programme

Banque Saudi Fransi Sets Up $2 Billion Islamic Bond Programme

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
 
Abraaj Eyes Investments in Saudi Arabia

Abraaj Eyes Investments in Saudi Arabia

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 Ras Tanura Refinery Units to Restart Early May-Sources

Saudi Ras Tanura Refinery Units to Restart Early May-Sources

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 Q1 Net Loss Narrows By 21 Percent

Zain Saudi Q1 Net Loss Narrows By 21 Percent

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
 
Saudi Mobily Q1 Profit Up 21 Percent

Saudi Mobily Q1 Profit Up 21 Percent

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 Denies Plan for Swedish-Built Arms Plant

Saudi Arabia Denies Plan for Swedish-Built Arms Plant

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's Safco Q1 Net 5.5 Percent Down; Below Estimates

Saudi's Safco Q1 Net 5.5 Percent Down; Below Estimates

Saudi Arabian Fertilizers Co (Safco) reported a 5.5 percent fall in first-quarter net profit, missing forecasts.

April 15, 2012 9:11
 
Oil around $120 As IEA Sees Fundamentals Easing

Oil around $120 As IEA Sees Fundamentals Easing

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's SABB Q1 Profit Up 13.7 Pct, Beats Forecasts

Saudi's SABB Q1 Profit Up 13.7 Pct, Beats Forecasts

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
 
Gulf Dip May Tempt Bargain Hunters

Gulf Dip May Tempt Bargain Hunters

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
 
Saudi King Slams Stock Market Manipulation -Report

Saudi King Slams Stock Market Manipulation -Report

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
 
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