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Saudi Arabia

FEATURED REPORT...
Posted: 09-03-2008
INTERNATIONAL. Arabian Gulf policymakers and chambers of commerce officials will meet in Bahrain on 23-24 March to discuss how to tackle inflation at near-record highs. States across the world's biggest oil-exporting region are struggling to contain inflation that hit a 27-year peak of 7% in Saudi Arabia in January and a 19-year high of 9.3% in the United Arab Emirates in 2006. The conference, entitled 'The Phenomenon of Price Rises in Gulf states: Causes and Future Directions', will include speakers from the IMF and European Union, according to the conference agenda, which did not name the
Posted: November 20, 2009
INTERNATIONAL. Pegging a planned new Gulf currency to a basket of currencies is one option on the table although there is no perfect solution, Saudi Arabia's top monetary official, Muhammad al-Jasser, said
Posted: November 19, 2009
UAE. The private sector's holidays in the UAE will be from 26th November to 28th November, while the UAE National Day holiday will fall on Wednesday the 2nd of December.
Posted: November 19, 2009
UAE. The Central Bank of the UAE said Thursday that 20 banks operating in the country have a combined exposure of US$2.9 billion to two troubled Saudi Arabian business groups.
Posted: November 19, 2009
GCC. Despite the enormous wealth at its disposal, the Gulf has proved more vulnerable to global recession than many other emerging markets, according to HSBC Global Research.
Posted: November 18, 2009
SAUDI ARABIA. IBM and King Abdul Aziz City for Science and Technology has announced a multi-year agreement to collaborate on advancing machine translation technologies.
Posted: November 18, 2009
SAUDI ARABIA. Pratt & Whitney and Saudi Arabian Airlines signed an agreement expanding Pratt & Whitney's EcoPower engine wash service network in the Middle East and North Africa.
Posted: November 18, 2009
QATAR. Emaar Middle East is highlighting its Saudi Arabian projects at a Qatar roadshow being held on 19 November 2009, Seasons Hotel in Doha.
Posted: November 16, 2009
SAUDI ARABIA. The three funds will take a conservative approach to investment and will focus on listed Shariah compliant and conventional Saudi stocks as well as IPOs.
Posted: November 15, 2009
SAUDI ARABIA. Saudi inflation slowed to its slowest pace in more than two years according to the central department of statistics.
Posted: November 15, 2009
INTERNATIONAL. The profound demographic and social changes that have transformed the GCC are set to continue over the next decade, raising significant questions related to labour and immigration policies.
Posted: November 15, 2009
INTERNATIONAL. The recovery in oil prices is set to accelerate Gulf Arab economic growth to as much as 6.2% in 2010 compared to a projected contraction of 0.9% in 2009, EFG Hermes said.
Posted: November 15, 2009
UAE. Growing population and economic stability trigger increase in demand for new vehicles and auto parts and services.
Posted: November 14, 2009
INTERNATIONAL. Share sales in the Gulf are likely to rebound as family-owned companies seek to fund expansion.
Posted: November 14, 2009
INTERNATIONAL. Arab stocks recorded mixed performances this week despite gains in global markets, oil prices hovering around US$80 per barrel for most of the week and an overall better feeling about the strenght of the global recovery.
Posted: November 12, 2009
SAUDI ARABIA. Etisalat today announced it has made it affordable for its customers to keep in touch with their loved ones when conducting their pilgrimage to the Holy Land.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 19, 2009
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.
date:Posted: November 19, 2009
INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn't responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.
date:Posted: November 18, 2009
INTERNATIONAL. The global health industry is worth around US$4.2 trillion. As GCC countries continue to develop world class healthcare systems, they must avoid pitfalls of the developed markets, according to AT Kearney.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
INTERNATIONAL. This situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects - Louis' 'best of the best' - waiting in the wings for the market's next big leg down.