Saudi Arabia produced 9.871 million bpd crude in January, 61,000 bpd more than December, while exports rose more than twice as much to 7.507 million bpd, according to the Joint Data Initiative.
March 18, 2012 12:39
Saudi banks with significant exposure to the corporate sector may see their net interest margins shrink as competition increases, NCB Capital said, downgrading Saudi Investment Bank and Arab National Bank to "neutral" from "overweight."
March 14, 2012 1:59
Prominent African private equity firm Kingdom Zephyr is in talks with investors on the future of its $490 million fund after the departure of its rainmaker forced the closure of its South African office, according to sources familiar with the matter.
March 12, 2012 1:41
Saudi Crown Prince Nayef, a pivotal figure who supervises the daily affairs of the kingdom, is undergoing "routine tests" at the renowned Cleveland Clinic in Ohio, Saudi television and hospital sources said on Friday.
March 10, 2012 4:46