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As a result, The Kingdom’s eighth and latest five-year economic development plan (2005-2009) is more ambitious and long-term oriented than previous plans.
Saudi Arabia’s projected investment over the next 20 years amounts to $600 billion …Read full article » Saudi Arabia: Tuesday, June 27 - 2006 @ 08:09
Deutsche Bank’s entry to the Kingdom follows on from its provision of a $1 billion Islamic financing vehicle for SABIC as well as its recent mandate from the King Faisal Foundation to advise on the …Read full article » Saudi Arabia: Sunday, June 04 - 2006 @ 09:05
The secretary-general of the Supreme Economic Council, Abdul Rahman Al-Tuwaijeri, has been made acting head of the Capital Market Authority. Expatriate residents are now permitted to invest in the stock market though not as yet …Read full article » Saudi Arabia: Saturday, May 20 - 2006 @ 08:44
Clearly something rather special is happening in the Kingdom of Saudi Arabia. In short, economic reforms, particularly for foreign inward investment, that have followed after accession to the World Trade Organization are bringing early fruit. …Read full article » Saudi Arabia: Wednesday, May 10 - 2006 @ 08:32
The move comes at a time when global demand for aluminium is rising fast. Analysts predict an eight million tonnes-year deficit in aluminium supplies by 2010 if recent levels of world economic growth continue.
Current Gulf …Read full article » Saudi Arabia: Wednesday, April 12 - 2006 @ 09:04
With rising population rates, more than fifty percent of inhabitants categorised as ‘young’, rising labour market expectations and a booming economy, the Saudi government has recently increased funding for overseas study and announced that foreign …Read full article » Saudi Arabia: Thursday, March 30 - 2006 @ 08:37
For this latest venture a coalition of 32 American universities under the umbrella of the Texas International Education Consortium will help set up and run the new university for two years after it opens. The …Read full article » Saudi Arabia: Thursday, March 30 - 2006 @ 07:58
The precipitate fall in share values belies underlying financial conditions in Saudi Arabia. The country’s finances are at their healthiest in more than 20 years. The Saudi economy, which grew 6.5 percent in 2005, recorded …Read full article » Saudi Arabia: Monday, March 20 - 2006 @ 09:30
Bolstered by a surging economy, initial public offerings, new listings and a fast developing capital market, the Saudi stock market is growing at an unprecedented rate. Last year the Tadawul All-Share Index more than doubled …Read full article » Saudi Arabia: Saturday, February 18 - 2006 @ 10:56
Accompanied by a high-powered delegation, comprising 11 ministers, 13 members of the royal family and a large number of businessmen, the Asian itinerary also indicates a new focus in Saudi foreign relations.
The late King …Read full article » Saudi Arabia: Wednesday, February 01 - 2006 @ 09:36