Arabic

Saudi trade exhibition to address growing power demand

Saudi trade exhibition to address growing power demand

The power consumption in Saudi Arabia continues to grow at a steady rate. Over the last decade, it has witnessed an average annual increase in demand for electricity, with a significant rise in the number of subscribers.

UAE central bank expands Islamic banks access to its funds

UAE central bank expands Islamic banks access to its funds

The United Arab Emirates central bank said it was making it easier for Islamic banks to access its special lending facility by expanding the range of collateral they can use.

Al Jazeera close to acquiring Digiturk

Al Jazeera close to acquiring Digiturk

Qatari-based television network Al Jazeera is in advanced negotiations to buy Turkish satellite network Digiturk, according to media reports.

Dubai Investments, RED House JV to manage projects in KSA

Dubai Investments, RED House JV to manage projects in KSA

Dubai Investments (DI), a major investment company listed on the Dubai Financial Market, has announced a 50:50 joint venture (JV) partnership with RED House SAL, a Saudi-Lebanese joint stock company with expertise in real estate investments across MENA region, to manage projects and developments in the Kingdom.

Al-Naimi: We refuse that OPEC takes sole responsibility

Al-Naimi: We refuse that OPEC takes sole responsibility

Petroleum and Mineral Resources Minister Ali Al-Naimi said that OPEC would not take responsibility alone, referring to the current oil market situation.

10 Things about what economic meet meant for Cairo

10 Things about what economic meet meant for Cairo

The March 13-15 conference made the world sit and take note of Egypt that meant business. Ideas and projects rained down as did funds worth billions.

Sudan to boost oil output with new wells

Sudan to boost oil output with new wells

Sudan hopes to boost oil production by carrying out exploration and drilling wells in new areas including conflict-hit Darfur, its oil minister said on Thursday.

SRO signs contract for updating SRMP

SRO signs contract for updating SRMP

Saudi Railways Organization (SRO) President Mohammed bin Khalid Al-Suwaiket has signed a 6-month contract for SR2,840,000 million with Dornier Consulting Gmbh for providing consulting services for updating the Saudi Railways Master Plan (SRMP) project.

Daman Investments aims to launch IPO within weeks

Daman Investments aims to launch IPO within weeks

Daman Investments, a United Arab Emirates asset management firm, is in the final stages of obtaining regulatory approval for an initial public offer of shares and hopes to launch it in the next few weeks, a senior executive said on Tuesday.

Saudi oil exports fetch SR87 billion in 2 months

Saudi oil exports fetch SR87 billion in 2 months

Saudi Arabia exported nearly 466.6 million barrels of crude oil in the last two months of the current year with proceeds amounting to SR 87.5 billion, local media said quoting an economic expert.