Saturday 4th July, 2009
Saudi Arabia- Investors keep eye on corporate results
MENAFNArab News) Saudi shares were volatile last week as the financial sector was negatively affected by hardships facing certain Saudi family businesses,...
Hospitality sector urged to absorb Saudis
MENAFNArab News) Labor Minister Ghazi Al-Gosaibi has urged owners of restaurants and coffee shops to create a conducive atmosphere to attract young Saudis to work in the sector. "Restaurants and...
Saudi Arabia shuts down 27 food stores over health concerns
Saudi Arabia News.NetTwenty seven retail food outlets in a Saudi Arabian city have been shut down by health authorities.
Accidents cost SR26b a year
MENAFNArab News) The growing number of road accidents in the Kingdom causes heavy human and economic losses to the country. According to one official, the annual costs of treating accident...
Nurse gunned down in Makkah hospital
MENAFNArab News) An on duty nurse at King Abdul Aziz Hospital in Makkah was shot dead early Friday morning by an unidentified gunman inside the hospital, said Maj. Abdul Mohsen Al-Maiman...
Arab world is hospitality industry's new center, says CEO of J/Brice Design International
AME InfoThe Arabian Gulf has established a luxury brand identity for the region that is as powerful as Bulgari, Ferragamo and Mont Blanc, Jeffrey Ornstein, CEO of J/Brice Design International told hotel...
Saudi to cut price of heavy crudes to Asia for August
Kuwait TimesPublished Date: 2009 SINGAPORE: Top oil exporter Saudi Arabia will cut or keep steady the official selling prices (OSPs) of most of its crudes to Asia for August as refining margins come...
Debts of two big Saudi groups exceed estimates
Gulf NewsAffiliates of Saad Group and Al Gosaibi Group - two family-owned Saudi companies that are restructuring their debts - owe at least $860 million (Dh3.1 billion) more than what were previously...
Girl killed in Gaza by Israeli fire
Al BawabaA 17-year-old Palestinian girl was killed and four others were hurt in Israeli tank fire in the Gaza Strip. According to locals, Hyam Ayash died after an Israeli tank fired a mortar toward a target...
Manitoba sends $1.2M in munitions to Saudi Arabia
National PostAccording to international-trade data available on the Industry Canada website, Manitoba exported a total of $3.1-million in “arms and ammunition” to foreign countries last year.
FBI chief defended Saudis
Asia TimesFederal Bureau of Investigation informer, Jamal al-Fadl, that he had nothing to do with it, Coleman says. As noted by the head of the bin Laden unit at the Central Intelligence Agency ...
EADS wins major border security deal with Saudi Arabia
Gulf NewsEuropean aerospace and defence contractor EADS NV has won a major contract with Saudi Arabia to supply a border security system covering 9,000 kilometers (5,600 miles) of the kingdom's land...
Saudi Arabia, Sweden team up to promote green diplomacy
MENAFNArab News) Saudi Arabia will be a partner of a major European initiative called Green Public Diplomacy, which calls for intensified efforts to create green environment, control pollution on...
UAE requests Saudi to increase Haj quota
MENAFNKhaleej Times) The General Authority for Islamic Affairs and Auqaf has submitted a request to Saudi Arabia to increase the UAE's quota of pilgrims from 6,228 to 16,000 for this year's Haj...
'Saudis block US push for normalization'
IMRA... www.jpost.com/servlet/Satellite?cid=1246443703546&pagename=JPArticle%2FShowFull There are no guarantees the...
Saudi Arabia to fence itself in
ABC AustraliaSaudi Arabia has signed a deal with a major European defence contractor to build a hi-tech security system including a fence around the whole of its 9,000 kilometre border. The country has been...
Mystery surrounds Manitoba's sale of $1.2 million in guns to Saudi Arabia
Vancouver SunWinnipeg — Manitoba exported a cache of guns worth $1.2 million to Saudi Arabia last year, but the federal government won't say who sold them, who bought them, or what they were used for.According...
Ahmadinejad no-show at African Union summit.Saudi to 'security fence' its borders July 02, 2009
IMRAAhmadinejad no-show at African Union summit.Saudi to 'security fence' its borders 2009 +++NAHARNET 2 July '09:"Iran's Ahmadinejad Cancels Libya Visit", Associated Press FULL...
Len Barrie in London negotiating sale of Bear Mountain development to Saudi Arabians
Times ColonistThe Saudi Arabian financiers behind a bid to buy the Bear Mountain development are raising money for the deal via an Islamic bond issue, or sukuk, but Victoria’s improving real estate market has...
Saudi regulator cracks whip for more transparency
Gulf NewsIt has happened twice. In and last October, millions of Saudis saw their savings evaporate overnight as the Saudi bourse, the Arab world's biggest, crashed. As the index...
UAE Banks in Talks with Saudi Debtors
Business TimesUae banks that are owed money by two cash-strapped Saudi business groups have begun debt-restructuring talks with the borrowers and were awaiting advice from the UAE Central Bank about how...
Find God, win a trip to Mecca
The Guardian... in Turkish), to be broadcast by the Kanal T station. Four spiritual guides from the different religions will seek to convert at least one of the 10 atheists in each programme to their faith.Those...
Over one million passengers travelled through Al-Ghuwaifat boarder crossing between UAE and Saudi Arabia in five months
WAM... total number of passengers, who arrived through the Al-Ghuwaifat boarder crossing between UAE and Saudi Arabia during the first five...
Suzuki Saudia opens first-of-its-kind service center in Jeddah
AME InfoSuzuki Saudia has recently inaugurated a spacious fully-equipped service center on Palestine Street, Jeddah, in line with its strategy to maximize customer satisfaction through after-sales services.
European aerospace group EADS $ 2.3bn contract to help boost Saudi border security
IMRA02 July, 2009 www.gulfinthemedia.com/index.php?id=477694&news_type=Economy&lang=en European aerospace group EADS said yesterday it won a five-year...
Hilton Garden Inn blossoms in Saudi Arabia
AME InfoHilton Hotels Corporation opens its first Hilton Garden Inn property in the Middle East and Africa today with the Hilton Garden Inn Riyadh Olaya in the Kingdom of Saudi Arabia.
Missha opens Saudi stores
AME InfoSouth Korea-based cosmetics retail chain Missha has opened its first seven stores in Saudi Arabia, in Riyadh, Jeddah, Dahran, Medina and Yanbu. The stores offer a portfolio of over 800 products...
Algerian Jews recognized by government for first time
Al BawabaThe minister of Religious Affairs and Endowment in Algeria, Abu Abdullah Ghulam Allah, has announced that for the first time, the Algerian government will adopt formal representation of the Jewish...
Saud visits injured students in UAQ hospital
WAM2009 - 02:52 - - H. H. Sheikh Saud bin Rashid Al Mu'alla, Supreme Council member and ruler of Umm al-Qaiwain, got assured today of health conditions of...
Saudi Arabia- Almarai to acquire Hadco for $253m
MENAFNMenafn Saudi Arabia-based Almarai Co, the Gulf's largest dairy firm, offered to take over Hail Agricultural Development Co (Hadco) for $253.2 million, giving it an entry into the lucrative Saudi...
UAE banks have $3bn exposure to Saudi firms - paper
Arabian Business... the paper said....
MoneyGram International and NCB Quickpay launch most convenient remittance service in the kingdom
AME InfoThe National Commercial Bank of Saudi Arabia, the largest bank in the Arab World, and MoneyGram International, the second largest and fastest growing global remittance service, have launched a...
Al Rajhi Bank recognizes 228 achievers across the Kingdom
AME InfoAl Rajhi Bank represented by its Female Branches Department recently recognized 228 top female students who excelled scholastically across the Kingdom.
Mayor of Amman Meets Saudi Ambassador
24 / 7 Press Release... /24-7PressRelease/ -- The Mayor of Amman, Engineer Omar Maani, received in his office today the Saudi ambassador to Jordan, Fahed Abdul Muhsen Al Zaid. Eng. Maani...
Jeddah's new container port finally takes shape
MENAFNArab News) The arrival of ten Rubber Tyred Gantries (RTGs) at the Red Sea Gate Terminal recently stamped the seal of authenticity on Jeddah's new container handling terminal. At a dockside...
IPA, Hadaf forge deal to train Saudi job seekers
MENAFNArab News) The Human Resources Development Fund (Hadaf) and the Institute of Public Administration signed an agreement on Monday that will see 175 students provided with training in fields...
Saudi Labor Minister lauds ALJ efforts to end unemployment
MENAFNAbdul Latif Jameel Community Services Programs, in creating job opportunities for Saudis and urged other Saudi businessmen to emulate his example to end the unemployment problem in the...
Health inspectors shut 27 food retailers in Saudi city
Arabian BusinessInspectors carried out a series of random checks on a number of retailers in different parts of the city as part of an on going Muhammad Al Mukhrij, Taif Municipality chairman, told Arab News...
Healthcare reforms throughout the GCC set to trigger massive investment
AME InfoNcb Capital believes that the concerted reforms underway in each country to achieve and sustain international standards of healthcare delivery will provide a catalyst for expenditure to boom...
Saudi stock exchange delivers 16% boost in H1
Arabian BusinessThe best performing stock, Al Sagr Company for Cooperative Insurance, increased more than three-fold in value.Fears that global financial turmoil has spread to the Kingdom weighed on banks, with...
Camel burgers a big hit in Saudi Arabia
KSDKIt's the newest culinary rage in Saudi Arabia: camel burgers. Three Saudi brothers introduced the new burger to the desert kingdom and they say it's been a hit since day one. It's not unusual...
Democracy falls by wayside as US looks to foster ties with Saudi Arabia
The Daily StarUs President Barack Obama wants to foster the historic US relationship with Saudi Arabia and defend trade links from competition, without raising questions about democracy in the Gulf Arab...
Irena a victory for all Arab and Muslim countries, Saudi MP says
Gulf NewsA host of prominent Saudi figures, including senior government officials, parliamentarians and economic experts, congratulated the UAE on winning the bid to host the headquarters of the...
Saudi Almarai, Hadco agree on takeover terms
Arabian BusinessSaudi-based Almarai Co on Wednesday offered to take over Hail Agricultural Development Co (Hadco) for $253.2 million, giving it an entry into the lucrative Saudi poultry business.
SABB Takaful extends gains at Tadawul market
AME InfoSabb Takaful extends gains at Tadawul market Nasdaq Dubai: Depa up, Damas down Kuwait exchange gains 0.23% Abu Dhabi market loses insignificantly Nasdaq Dubai extends short selling...
Saudi Arabian bourse feels watchdog’s bite
Financial TimesIt has happened twice. In and last October, millions of Saudis saw their savings evaporate overnight as the Saudi bourse, the Arab world’s biggest, crashed.As the index plummeted...
Saudi Electricity plans $28b expansion through 2012
MENAFNMenafn The Chief Executive Officer at state-run Saudi Electricity Co. said that the company plans to spend $28 billion in the next three years to meet rising demand in the Arab world's largest...
Saudi electricity to spend $28bn to meet rising demand
AME InfoSaudi electricity to spend $28bn to meet rising ... Abu Dhabi National Energy Company terminates ... Manazel and Techem join forces Hosting Irena is a national responsibility, ... Bapco...
Black box from plane found
Al BawabaOne of the black boxes from a Yemeni plane has been located, a Yemeni official said Wednesday, a day after the Yemenia Air's plane crashed into the Indian Ocean off the Republic of Comoros.
Saudi Arabia to have own military aircraft industry
IMRASaudi Arabia to have own aircraft industry Arab News - 01 July, 2009 www.gulfinthemedia.com/index.php?id=477536&news_type=Economy&lang=en An aeronautics industry will be developed in the Kingdom...
Missha launches in Saudi Arabia
AME InfoMissha, the leading South Korea-based cosmetics retail chain, has recently opened its first seven stores in Saudi Arabia -- in Riyadh, Jeddah, Dahran, Medina and Yanbu.
Saudi tourism income surges
AME InfoSaudi Arabia's total tourism income in 2008 was SR78.5 billion, of which the food services sector had the largest portion of this income, of 42.4%, Saudi Gazette has reported. The kingdom's transport...
Saudis to review Canadian teen's death sentence, again
National PostMohmed Kohail, of Montreal, was living temporarily in Saudi Arabia when he was sentenced to death by public decapitation after being convicted of killing an 18-year-old student in a brawl in Jeddah...
One dead, 29 missing as ship sinks
Al BawabaTwenty people died and more than 1,000 detained in the post election protests last month, Iran's police chief said Wednesday. "No policeman was killed in the Tehran riots but 20 rioters were killed,"...
Hamas, Fatah delay agreements in Cairo
Al BawabaPalestinian rivals Hamas and Fatah have ended their latest round of talks in Cairo without reaching a deal. The meeting between Hamas and Fatah along with the mediator, Egyptian intelligence chief...
Barak and Mitchell meetbuf fail to agree on settlement freeze
Al BawabaIsraeli Defense Minister Ehud Barak and United States special envoy to the Middle East George Mitchell met in New York yesterday to talk about the Middle East peace process and mainly the American...
President Peres addresses Interfaith Conference in Kazakhstan - calls for King of Saudi Arabia to visit Israel
IMRAPresident Peres addresses Interfaith Conference in Kazakhstan 2009 Ministry of Foreign Affairs The President of the Republic of Kazakhstan, His Excellency Nursultan Nazarbayev, Religious...
MoneyGram International and Saudi Arabia's National Commercial Bank announce strategic relationship
AME InfoMoneygram International and National Commercial Bank announced an agreement to offer MoneyGram's international money transfer service at NCB's 1,400 ATM locations, creating one of the largest...
New Saudi TV channel to focus on children's rights
AME InfoBarwa Media launches two world-wide advertising ... Waseet launches its newest creation, Waseet TV New Saudi TV channel to focus on children's rights World View selects Mediastow to manage its...
Rubber plant starts output in Saudi
AME InfoPeie to organize Smart Manufacturing Conference 2009 Rubber plant starts output in Saudi Borouge strengthens its commitment to Indian ... Gulf Industry Fair 2010 dates confirmed Case study:...
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