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Friday 16 October 2009 (26 Shawwal 1430)

Saudia to offer catering unit IPO in 2010

JEDDAH: Saudi Arabian Airlines will offer 30 percent of it’s catering unit through an initial public offering in nine months as part of the national carrier’s latest efforts to privatize, its top executive... Full Story


Kingdom forecast to spend 20% more in 2010

DUBAI: Saudi Arabia will spend over a fifth more than was projected in its budget this year, while a pick-up in lending will spur its economy to grow 4 percent in 2010, Banque Saudi Fransi (BSF) said... Full Story


Shun fake Chinese firms, Saudis told

BEIJING: Saudi Commercial Attaché Office in Beijing has warned against Chinese fake companies and factories that are not registered in China, sell by the Internet, and do not meet obligations to customers. The... Full Story




Dubai World completes revamp, hopes to save $800m

DUBAI: Global holding company Dubai World said on Thursday that it has largely completed its organizational restructuring, which would help save $800 million in operating costs over the next three... Full Story


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