Click on icons for more stories

 

Wednesday 17 August 2005 (12 Rajab 1426)

Power Grid Decision Upsets Firms

JEDDAH, 17 August 2005 — The Saudi private sector was disappointed at the decision by the GCC power Grid committee to prevent Saudi and Gulf companies from competing for this project. The project... Full Story


Cabinet Approves Water Company

JEDDAH, 17 August 2005 — The Cabinet approved on Monday the establishment of the first privately owned company for the production of water and electricity. It thus becomes the second in the country.... Full Story


IMF Urges Iraq to Pursue Reforms

WASHINGTON, 17 August 2005 — The IMF, issuing its first review of Iraq in 25 years, urged leaders yesterday to adopt an elusive constitution and to pursue hard-hitting reforms to get the war-torn economy... Full Story




SR2 Billion Company to Set Up Universities

JEDDAH, 17 August 2005 — In a significant first, a group of Saudi investors plan to establish a joint stock company with a capital of SR2 billion ($533 million) in order to set up advanced private... Full Story


Kingdom, India to Finalize DTA Agreement

RIYADH, 17 August 2005 — The next round of talks for finalizing the Double Taxation Avoidance (DTA) agreement will be held in Riyadh from Sept. 11 to 14 following the previous ones that took place... Full Story


Saudi Stock Index Falls 86.32 Points

JEDDAH, 17 August 2005 — The Saudi stock market continued its downward trend yesterday. The Tadawul All Share Index (TASI) closed 86.32 points or 0.61 percent lower at 14,169.21 points. The index was... Full Story


- Business
- Home