RATES OF ARAB CURRENCIES
STC New
Financial Guarantee System for expatriates ...
The STC will introduce shortly financial
guarantee system for fixed and mobile telephone subscribers. The director
general of sales and customer services of the STC, Abdullah Al-Sayer, told
the Al-Watan that the new system which would replace the Saudi guarantor
system would be applied to a number of categories including expatriates and
foreign companies and establishments.
According to him the financial guarantee
will be as follows:
1. For fixed telephone services, the guarantee will be SR500 for local
calls, SR1,000 for national calls and SR2,500 for international calls.
2. For mobile telephone the guarantee amount will be SR1,000, SR2,500 and
SR5,000.
STC
urged to launch free Internet service
DAMMAM — The Saudi Telecom
Company (STC), who monopolizes the Internet service in the Kingdom, gets
SR540 million from this service every month, according to the Internet
expert. Internet users in the Kingdom are 600,000 while subscribers are only
300,000. The expert, who requested anonymity, told the Abha-based Al-Watan
Arabic newspaper that the number of Internet dial-up users stands as 400,000
with an average use of two hours per one subscriber daily. He urged STC to
launch free Internet service as a number of countries started offering this
service.
GITEX Saudia 2002 exhibition In April
RIYADH —— Prince Saud
Al-Abdullah Al-Faisal, chairman, board of administration of the Riyadh
Exhibition Co. Ltd (REC) will hold a press conference on November 26 at
hotel Intercontinental to announce the holding of GITEX Saudia 2002
exhibition in Riyadh. The exhibition will be held on April 21-25, 2002. This
is the first time that such an exhibition on GITEX computers and related
subject will be held in the Kingdom.
The press conference will also be attended by deputy minister of commerce
for technical affairs Dr. Fawaz bin Abdul Sattar Al Alami, Riyadh Chamber of
Commerce and Industry chairman Abdul Rahman Al-Jeraisy and Dubai World Trade
Center director general Waheed Ata Allah.
New member named to
SAMBA board
RIYADH, 26 November — The Saudi American Bank has announced that Eisa ibn
Mohammed Al-Eisa has been appointed as a member of the board of directors of
SAMBA. He replaces Dr. Khalil Kurdi, who resigned from the board recently
after a 16-year tenure. Al-Eisa, a prominent banker with vast expertise, is
currently the deputy managing director at SAMBA, where he has been working
for the last 20 years.
Plan for dry port in
Madinah
MADINAH, 26 November — Madinah Governor Prince Muqrin on Saturday
underscored the importance of the proposed railway expansion project linking
various parts of the Kingdom and said it would facilitate transportation of
pilgrims and goods. Opening the 44th meeting of the Council of Saudi
Chambers of Commerce and Industry here, the governor also revealed the plan
to establish a dry port in Madinah. Referring to domestic tourism, he said
there are about 4,000 religious, historical and tourist places in the
Kingdom, of which nearly 1,000 are in Madinah. (SPA)
Saudia to transport 830,000 pilgrims
JEDDAH, 26 November — Saudi Arabian Airlines signed an agreement in
Jakarta on Saturday for the transportation of 151,000 Indonesian pilgrims.
The agreement was signed by Dr. Khaled Bakr, director general of the
airline, and Dr. Saeed Oqail, Indonesian minister of religious affairs.
Saudia has signed another accord with Kuala Lumpur to transport 50,000
Malaysian pilgrims. A press statement said the airline will transport about
830,000 pilgrims from 57 stations around the world this year. (SPA)
Saudis to sue for
damages
RIYADH, 26 November — A Saudi attorney is currently studying the legal
options to sue for damages and defend the Saudi citizens charged with making
terrorist attacks in the United States on Sept. 11 and listed among the
suspected terrorists while they were outside the United States at that time.
He said he received a brief from a Saudi to take legal action against
listing his name among the terrorists.
Tihama posts
SR18.4m profits
JEDDAH, 22 November — Tihama Advertising
and Public Relations Company said it has posted profits of SR18.4 million
for the financial year ending March 31 and that it will distribute SR9
million in dividends among its shareholders at the rate of SR3 per share.
Prince Abdul Aziz ibn Ahmad ibn Abdul Aziz told a shareholders’ meeting in
Jeddah that Tihama will undertake important activities over the coming year
to generate more profits. He said the advertising market is faced with a lot
of challenges as a result of the Sept. 11 attacks on the United States and
this requires more effort from the part of the company for its business
activities to under the prevailing circumstances. The prince said
negotiations are continuing with a number of parties engaged in satellite
television in order to pave the way for Tihama to enter into this sector.
Non-oil exports
drop 18 percent
RIYADH, 20 November — Non-oil exports from the Kingdom dropped 18.2
percent in September compared to the previous month, according to a report
released yesterday.
Official statistics showed that the value of exports, including
agricultural, animal, industrial and petrochemical products, dropped to $720
million in September from $880 million in August.
No reason was given for the decline, but it is believed that the Sept. 11
terror attacks in the United States has adversely affected Saudi exports,
especially of petrochemical products. The value of oil exports, estimated at
$50 billion for 2001, does not figure in the statistics.
Saudi Arabia is the world’s largest oil producer and exporter with a
daily output of eight million barrels.
The statistics also showed that Saudi Arabia imported goods worth $1.2
billion in September, taking to $10.9 billion total imports for the first
nine months of the year.
Domestic tourism set to
grow 20%
JEDDAH, 20 November — Hasan Saqr, director general of the Tourism Resorts
and Real Estate Company Ltd., says he anticipates that domestic tourism will
grow by 20 percent next year thanks largely to the expanding infrastructure
in the sector and the difficulties experienced by Saudi tourists following
the Sept. 11 attacks. He added that his own company has also been
undertaking marketing research with Sheraton hotels in Jeddah, Makkah, and
Madinah, and various tourist resorts and villages, during the past three
years, and it aims to open new tourist projects in the Kingdom soon.
News Headlines.....
SABIC to
export 45,000 MT of MTBE to Egypt
28th Nov, 2001
Riyadh
Gears up for the biggest IT event
28th Nov, 2001
Petroleum prices Market watch
28th Nov, 2001
SAMA highlights
Saudi economic growth
27th Nov, 2001
King Fahd receives SAMA
Annual Report
27th Nov, 2001
Crude oil fell more than 3 percent
26th Nov, 2001
The Italian ambassador has
reverted to Islam
26th Nov, 2001
FBI smells
anthrax in biryani
26th Nov, 2001
OPEC Chief Calls on Oil Producers to Avert Price
`Catastrophe'
24th Nov, 2001
Saudi Arabia Closes
Bank Accounts as Part of Inquiry
24th Nov, 2001
Umrah firms
closed down for reneging on promises
22nd Nov, 2001
Saudi Sees No bin Laden-Iraq Link
22nd Nov, 2001
U.S. Police chiefs Are Split on
Questioning of Mideast Men
22nd Nov, 2001
Oil, gas field discovered near
Ghawar
21st Nov, 2001
GIF to sell stakes in seven
joint venture companies to the private sector.
21st Nov, 2001
Move on to bring all expats under
social security system
20th Nov, 2001
Saudi Telecom yet to decide share
floating
20th Nov, 2001
Saudi Arabia's economy may slip
into recession
20th Nov, 2001
Companies Compete to Provide Saudi Internet
Veil
19th Nov, 2001
The
inaugural ceremony of a seminar on the future of cities
11th Nov, 2001
Saudi
flight makes emergency landing in Cairo
8th Nov, 2001
Investment Conference in London
7th Nov, 2001
Minister inaugurates oil conference in Riyadh
6th Nov, 2001
Saudi, Syrian and Jordanian Ministers signs on Railway project
5th Nov, 2001
Financing
institutions provide more than SR274 Billion to help finance citizens' projects
5th Nov, 2001
Saudi Arabia
Freeze Funds of 66 individuals on U.S. List
3rd Nov, 2001
SR 285
Billion the total Saudi assistance to the Developing countries from 1973 to 2000
3rd Nov, 2001
300,000 Palestinians jobless, More than 1
million Palestinians are now living under the poverty line of $2.10 a day.
1st Nov, 2001
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