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Top Saudi Arabia Business News

RATES OF ARAB CURRENCIES Free services in Saudia-Online
Saudi British Bank goes online

June 10th, 2001- Saudi British Bank is to open its SABBNET Internet bank offering transfer of money between accounts, credit card information, bank statements, forex rates and personal loan applications, reported ITP.net. Managing director David Hodgkinson said the bank aimed to provide customers with a choice which meets their increasingly sophisticated requirements through a variety of channels.

Courier service to handle requests for traffic services

RIYADH, 2 June — The traffic department has authorized a courier service company to accept applications from Saudis and expatriates for various services. SNAS Worldwide Express will receive applications for renewal of driving license and registration card, transfer of car ownership and exchange of old number plates, and will take them to the concerned traffic office for processing.

Saudi lion’s share of Arab trade

May 30th, 2001-Oman, Saudi Arabia and the UAE shared 47.2 per cent of inter-Arab trade in 1999. An Egyptian Ministry of Energy and External Trade report said Saudi Arabia's exports to other Arab states were 53.2 per cent of total inter-Arab exports, with the UAE at 41.1 per cent and Oman at seven per cent. Saudi imported 15.4 per cent of total inter-Arab imports, the UAE 11.5 per cent and Oman 10.8 per cent.


Banks, USD25bn Saudi gas role

May 31st, 2001-Regional and international banks are queuing up for a role in the USD25bn foreign investment in the Saudi gas sector. Yesterday Saudi finance and economy minister Ibrahim Al Assaf told a conference in Riyadh that the gas initiative was having a tremendously positive impact on the economy. Bankers said the huge liquidity of Saudi banks would allow them to take an active role in funding the projects

New draft Saudi stock market law

May 31st, 2001-A draft law to regulate the Saudi stock market to enforce modern standards of disclosure and transparency could be issued before the end of the year, officials of the Saudi Monetary Authority told Reuters. They said the new law would assist the raising of capital for some of the major projects now underway in the Kingdom. Economists reckon Saudis hold up to USD1tn abroad, which could be repatriated for local investment.

NCB launches online brokerage

May 30th, 2001-The National Commercial Bank has launched an online brokerage service for international securities in partnership with the Pershing division of Donaldson, Lufkin and Jenrette which was acquired last year by Credit Suisse. The brokerage, www.alahli.com, also offers access to online research, news and stock quotes.

Saudi food merger

May 30th, 2001
-Saudi Arabia's Food Products Company approved an offer in principle from Ajwa Group of Food Industries to merge to form a regional food production and marketing company worth USD160m, Reuters reported. Food Products said its board had agreed to merge in order to boost the company's competitive edge.

Kingdom cuts import duties to 5 percent

JEDDAH, 28 May — Saudi Arabia yesterday slashed customs tariffs on imports from 12 to five percent in a move widely welcomed by businessmen as a major boost to the country’s economy that would strengthen the Kingdom’s competitive edge.   (full story).


 

A NEW PETROCHEMICAL COMPLEX IN JUBAIL
7th Jun 2001
CROWN PRINCE ABDULLAH MEETS GERMAN BUSINESSMEN

7th Jun 2001
Exxon wins lead role in South Ghawar, Shell gets Shaybah
3rd Jun 2001
French firm wins power plant deal
3rd Jun 2001

Foreign Ministers of GCC conclude their meeting

3rd Jun 2001
Kingdom to decide on Canada exhibition

2ed Jun 2001

Prince Saud holds press conference tomorrow-Saudi Gas Deals
2ed Jun 2001
Exxon, Shell Set to Win Saudi Gas Deals
2ed Jun 2001
GIA to expedite visas for foreign businessmen
31st May 2001
A draft income tax law is under consideration
30th May 2001
The Golden Sword Award 2001 Won by Kraft Foods
30th May 2001
Royal decree appointing prince Turki bin Sultan bin Abdulaziz as Assistance Minister of information
30th May 2001
Local Press Comments
30th May 2001
King Fahd orders disbursements to farmers
29th May 2001
Conference on Kingdom's economy opens
29th May 2001
Cases of Rift Valley Fever in Saudi Arabia
29th May 2001
Numbers of members of Senior Ulema Panel announced
29th May 2001
Latest figures on Foot and Mouth disease in Saudi Arabia
29th May 2001
The leaders of the gas project to be named by June 3

28th May 2001
OPEC Oil prices rise over 90 Cents
28th May 2001
“Saudi Arabia: Financing the Future” conference
28th May 2001
The first Islamic countries trade exhibition in Jeddah on June 9
28th May 2001
New U.S. Embassy Procedures for Nonimmigrant Visa Applications
28th May 2001

College of Tourism and Hotel Management to conduct various activities this summer
28th May 2001
Japanese to set up SR80m automobile institute in Jeddah
27th May 2001
customs fees on imported goods Slashed down from %12to % 5
27th May 2001
Saudi Chevron changes name after merger with Phillips
27th May 2001
Saudi Advanced Electronics Company signs deal
26th May 2001

Royal Decrees on senior governmental appointments issued
24th May 2001
King Fahd thanks members of Shoura Council
24th May 2001
Large quantities of white sand discovered in Tabuk region
23rd May 2001
The Kingdom of Saudi Arabia has been named as a member
of the executive council of the World Health Organization (WHO.)

23rd May 2001

seminar on “business opportunities in Malaysia”
23rd May 2001
Stuttgart seminar to draw investors in big numbers
22ed May 2001
Incentives designed to boost Saudi investment in Malaysia
22ed May 2001
French trade mission arrives in Riyadh
21st May 2001
Saudi-Malaysian seminar opens
21st May 2001


Mining concessions granted

RIYADH, 22 May  — The Shoura Council yesterday decided to award the Tabuk Cement Company concession to exploit gypsum from the Raghafa Hills in Dhuba. It also endorsed a request from Saudi Arabian Mining Company (Maaden) for concession to exploit gold ore and associated metals in Balgha in Qassim. This was disclosed by Dr. Hamoud Al-Badr, secretary-general of the consultative body. The meeting was chaired by Shoura President Muhammad ibn Jubair.

Air-India launches direct flight to Calicut

The launch of the first nonstop flight from Jeddah to Calicut last night. Mr. Samir S. Maddah, deputy director general of the KAAIA, cut the ribbon to mark the formal launch of Air-India’s second nonstop flight from Jeddah to India in a span of five days.

Stone laid for Jizan technical college

JIZAN, 22 May  — Jizan Governor Prince Muhammad ibn Nasir laid the foundation stone for a SR78 million technical college here yesterday designed to provide education to 3,300 students annually. Muhammad ibn Suleiman Al-Dhalaan, governor of the General Organization for Technical Education and Vocational Training, said the college’s capacity could be increased to 6,000 students. He said in the initial stage the college would offer studies in general topics, mechanics and electronics. In the second phase, courses in electrical, chemical and construction engineering, trade and management will be offered.

$1b tourism project to be set up in Bahrain
20th May 2001

Only citizens can join labor unions
20th May 2001
Saudi businessman has denounced the French authorities
20th May 2001
Shoura Council to be revamped this week
20th May 2001
Kingdom’s first authorized Application Service Provider
20th May 2001
AEC, Lucent ink SR75m deal to produce electronic parts
20th May 2001
France keen to invest in manufacturing sector
20th May 2001
Officials expect tourism revenue to double this year
19th May 2001
Shoura Council approved the agreement between the Kingdom of Saudi Arabia and Syria.
19th May 2001
Companies to invest in Saudi gas sector approved
18th May 2001

Supply of jet fuel at cheaper rate to all airlines operating at KFIA
17th May 2001
Saudi Aramco plans major oil, gas development projects
17th May 2001
The Aqaba economic region conference
17th May 2001
Tunisian industry minister receives Saudi Business men delegation
17th May 2001
Joint giant Petrochemical plant in Alexandria province
17th May 2001
Saudi Arabia welcomed Yemeni workers

17th May 2001
Investments in new gas projects could boost diversification
16th May 2001

Saudi Arabia to participate in Algerian International Exhibition
16th May 2001
Prince Abdul Majeed opens tourism show
15th May 2001
Prince Abdul-Majeed opens jewellery show
15th May 2001
Army Dreams of Grunt of the Future
15th May 2001
Arabs R&D spending stands at 0.2%
15th May 2001
Shoura OKs bill to allow foreign investors in telecom sector
15th May 2001
Businessmen on 10-day Tunisia visit
15th May 2001

Mandatory car insurance discussed
15th May 2001


Passenger traffic at Saudi airports increases by 2.57 percent
12th May 2001
Security authorities in Saudi Arabia "Lead to bomb attack found"
11th May 2001
GCC Finance Ministers to hold meeting with IMF official
11th May 2001
Combined profits of Saudi cement companies rose 37.1 percent in the first quarter of 2001
11th May 2001
Dr. Al-Assaf arrives in Bahrain
11th May 2001
Al-Hujeilan arrives in Bahrain
11th May 2001
Saudi Minister of Finance meets IMF representative
10th May 2001
Saudi and Moroccan information cooperation program
10th May 2001
Saudi ambassador to UK opens Saudi exhibition
9th May 2001
Saudi oil minister honored in New York
8th May 2001
An Arab children website on the internet
8th May 2001
Foot-and-Mouth disease in Saudi Arabia: status report
8th May 2001
Banning imports of modified cars.
7th May 2001



Automatic customer service for mobile phone users
5th May 2001
Preparations for The e-commerce conference
5th May 2001
PRINCE SULTAN COLLEGE TO HOLD SYMPOSIUM
5th May 2001
FINANCIAL CONFERENCE TO BE HELD IN BAHRAIN
5th May 2001
PRINCE ABDUL
MAJEED INAUGURATES E-HEALTH CONFERENCE MAJEED INAUGURATES E-HEALTH CONFERENCE
5th May 2001
Islamic Development Bank money for Palestine
3rd May 2001
Prince Sultan bin Salman in UAE discusses tourism
3rd May 2001

Cooperative society for the Kingdom’s date producers and manufacturers

3rd May 2001
PRESS COMMENTS
3rd May 2001
E-commerce conference schedule announced
2ed May 2001
SABIC inks 3-year supply deal with Korean company
2ed May 2001
Official statement on letter-bomb blast
2ed May 2001


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