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Saudi crude production has reached 9.7 million barrels-per-day (bpd) in July.
By the end of 2009, sustainable capacity is due to be increased to 12. 5 million bpd.
Peter Burnett chief executive of UBS Investment bank …Read full article » Saudi Arabia: Sunday, July 13 - 2008 @ 13:02
King Abdullah called on the World Bank to organise a meeting for donor nations to discuss the initiative and help bring it online.
In his opening speech to conference delegates, King Abdullah also called on …Read full article » Saudi Arabia: Wednesday, July 02 - 2008 @ 11:10
Over a period of 20 years up to 60,000 jobs could be generated within an expanded tourism sector.
This would cater not just for pilgrimage visitors, but also the meetings and conferences market in the Middle …Read full article » Saudi Arabia: Sunday, June 29 - 2008 @ 12:41
Saudi Arabia has introduced measures to make it easier to do business.
These have seen its position on the World Bank’s Ease of Doing Business Index rise to number 23, and it is first among …Read full article » Saudi Arabia: Sunday, June 22 - 2008 @ 13:02
The move, which will unbundle SEC’s generation and distribution business, is designed to facilitate competition and has already been approved by the kingdom’s Electricity & Cogeneration Regulatory Authority (ECRA).
ECRA’s governor Fareed Zedan says the …Read full article » Saudi Arabia: Thursday, June 19 - 2008 @ 13:06
Following a brief slowdown, loan growth is on the rebound as high government spending coupled with rising domestic demand is leading to substantial increases across the industrial spectrum.
According to a study by EFG Hermes, …Read full article » Saudi Arabia: Sunday, June 08 - 2008 @ 12:27
Saudi Aramco is the world’s largest oil company by production and reserves, manages more than 100 oil and gas fields in the kingdom and is a vital international energy provider.
The company’s global role was …Read full article » Saudi Arabia: Sunday, May 25 - 2008 @ 11:55
The issue of 462.5 million $5.50 shares is half of Maaden’s stock and values the company at $4.9bn.
The IPO is expected to raise $2.47bn and will provide the last link in the financing arrangements …Read full article » Saudi Arabia: Thursday, May 22 - 2008 @ 17:23
They represent the launch of new industries and businesses comprising the most ambitious long-term investments the kingdom has ever undertaken.
As well as stimulating a huge expansion of the kingdom’s growing non-oil economy they …Read full article » Saudi Arabia: Sunday, April 20 - 2008 @ 12:31
The move is likely to lead to a multi-billion dollar industry. A mortgage market would vastly extend home ownership for both low and middle income Saudis.
There is a pressing need. Housing is a big …Read full article » Saudi Arabia: Sunday, March 30 - 2008 @ 15:34