Royal News

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Date	Title
2008-04-28	Saudi inflation near 10% Inflation in Saudi Arabia neared 10% in March, driven by the peg to the weak dollar, the Saudi Press Agency has reported. The cost of living rose for the tenth consecuti...
2008-04-28	GE unveils state of the art Saudi centre GE Energy has announced the development of a state of the art technology service centre in Dammam, Saudi Arabia. The $75m facility is scheduled to open in 2010 and will ...
2008-04-29	Business Confidence Remains Robust in Saudi Arabia Mounting inflationary pressures and increasing business costs are having a negative impact on businesses in Saudi Arabia....
2008-04-29	UP to shun Air India for Haj The Haj Committee of Uttar Pradesh in India has decided to exclusively use the services of Saudi Airlines to send Haj pilgrims to Jeddah, following complaints of poor se...
2008-04-29	Saudi to launch $5bn SWF Saudi Arabia is set to launch its first sovereign wealth fund with an initial capital base of 20 billion riyals ($5.3bn), reported the UK's Financial Times. Saudi offici...
2008-04-29	Prince Saud al-Faysal Denies Rift in Relations With Syria Foreign Minister Prince Saud bin Faysal bin Abd al-Aziz said yesterday that the Kingdom and Syria were in direct contact with each other and denied that relations had com...
2008-04-30	Inflation hits Saudi business confidence Business confidence in Saudi Arabia has been badly affected by rising inflation and business costs, according to a SABB survey....
2008-04-30	New Islamic bank plans Q4 launch A new Islamic bank, Imaar International Bank, plans to start operations in Saudi Arabia in the fourth quarter once it raises funds for its $11bn paid-up capital, reporte...
2008-04-30	SABIC launches its third Sukuk issue The Saudi Basic Industries Corporation (SABIC), after having obtained the Saudi Capital Market Authority approvals yesterday, will embark on issuing its third Shariah Co...
2008-04-30	Huntsman, Al-Zamil joint venture Huntsman Corporation and Saudi-based Al-Zamil Group announced that their joint venture, Arabian Amines Company, has broken ground on its world-scale ethyleneamines proj...