Posts Tagged ‘ saudi arabia ’

UAE leads GCC e-commerce push with $2bn sales

New study by Visa shows sales in UAE nearly four times that of Saudi Arabia in 2010 (read on here…) Related items Business : $10b UAE-Turkey trade seen UAE tops GCC in online spending UAE- New welfare plans for expats mulled Business : Tourists’ Visa card spend crosses $3b mark in UAE UAE to...

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Big Saudi retailer pulls out of Dubai

previous photo Saudi Arabia's biggest retailer is pulling out of Dubai after complaining of rising rents in the emirate's most popular malls. Retail Group Gulf, which is majority owned … (read more here…) Related items Dubai launches first road lit by solar energy Dubai trading activity surges 23% Sharjah approves 2012 general budget Abu...

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Exclusive: Saudi Arabia won’t tap reserves, mulls project bonds

ABU DHABI (Reuters) – Saudi Arabia will not need to tap into its reserves this year to finance additional budget spending but it is considering whether to issue Islamic or conventional bonds to help fund specific projects, the country’s Finance Minister Ibrahim Alassaf told Reuters. (read more…) Related items Exclusive – Saudi Arabia won’t...

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Exclusive – Saudi Arabia won’t tap reserves, mulls project bonds

ABU DHABI (Reuters) – Saudi Arabia will not need to tap into its reserves this year to finance additional budget spending but it is considering whether to issue Islamic or conventional bonds to help fund specific projects, the country’s Finance Minister Ibrahim Alassaf told Reuters. (read more…) People who looked at this item also...

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Saudi Arabia prepares for funeral of Crown Prince

DUBAI (Reuters) – Saudi Arabia is preparing for the funeral of Crown Prince Sultan as attention inside the kingdom and abroad turns to his successor and the likely appointment of a new defense minister. (more…) Related items Al Ahli lose patience with Czech coach Hasek OBITUARY – Prince Sultan, the man behind Saudi defence...

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Egypt shares slump to a 19-month low

Egypt’s benchmark slumped to a 19-month low after clashes between military police and Coptic Christians in Cairo left 24 people dead and more than 200 injured, while Saudi Arabia’s index rose for a fourth session. (read more here…) Related items Egypt slumps to 19-month low, Saudi index gains Insurance, petchems weigh on Saudi Arabia’s...

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Business : Abu Dhabi oil up on Saudi hike concerns

SINGAPORE – Oil from Abu Dhabi for sale to Asia rose against its benchmark amid speculation Saudi Arabia may raise export prices, making alternative crude more attractive. (read the story…) Related items Saudi Arabia UAE’s top trading partner in Gulf Dubai Stocks Advance to Three-Month High on Earnings Optimism Business : Dubai Group committed...

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Saudi Arabia UAE’s top trading partner in Gulf

DUBAI – UAE non-oil foreign trade has risen for Q1 2011 compared to the same quarter of the last year. Federal Customs Authority Federal Customs Authority ( FCA FCA ) preliminary statistics showed that UAE non-oil foreign trade has grown for the said period by 25 percent compared to the same period of the...

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Saudi presses forward with plans to build world’s tallest tower, outdoing neighbour Dubai

— Saudi Arabia took a key step forward Tuesday in its plan to build the world’s tallest tower and outdo Gulf neighbour Dubai, which inaugurated its own record-breaking skyscraper less than two years ago. (more…) Related items Saudi takes step to build world’s tallest tower Business : DIFC, Luxembourg for Finance to develop financial...

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Saudi takes step to build world’s tallest tower

Saudi Arabia took a key step forward Tuesday in its plan to build the world’s tallest tower and outdo Gulf neighbor Dubai, which inaugurated its own record-breaking skyscraper less than two years ago. (more…) Related items Saudi presses forward with plans to build world’s tallest tower, outdoing neighbour Dubai One World Trade Center, The...

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