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Tuesday 16 June 2009 (22 Jumada al-Thani 1430)

Jeddah projects prominent among Cityscape awards

JEDDAH: King Abdullah Economic City, Al-Andalus Mall and the architectural design excellence of Jeddah’s redevelopment master plan were among the projects honored at Cityscape Saudi Arabia Real... Full Story


Gulf bankers warn of more exposure from Saad Group and Al-Gosaibi

ABU DHABI: Gulf Arab banks have more exposure to two struggling Saudi family groups than previously thought, two central bankers said yesterday, the latest setback for lenders recovering from a regional... Full Story


Emaar weighs Dubai down; TASI dips

JEDDAH/DUBAI: Emaar Properties hammered Dubai’s index yesterday after clarifying its role in a Saudi project to build the world’s tallest tower, while most Gulf markets fell partly on declining... Full Story




Work on Abu Dhabi aviation plant set to start

ABU DHABI: The construction of the Abu Dhabi Composites plant will start within two weeks, said Mubadala Development Co. (Mubadala), the investment arm of Abu Dhabi. It added that the plant would be... Full Story


World stocks slide

LONDON: World stocks slid yesterday as the strength of the dollar depressed commodity prices and weak US manufacturing data reined in hopes of a speedy turnaround in the world’s largest economy. In... Full Story


News in brief: Al-Jasser at Riyadh forum

RIYADH: Saudi Arabian Monetary Agency Gov. Muhammad Al-Jasser will address the future of monetary policy in Saudi Arabia at the inaugural Economist Conferences’ Financial Leaders Forum at Four... Full Story


Corporate News

AKMC After achieving contracts for hotel management in Makkah, Madinah and projects in Jeddah and Riyadh, AKMC Chairman Prince Bandar bin Saud bin Khalid, said in Riyadh that negotiations were... Full Story


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