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Wednesday 19 September 2007 (07 Ramadan 1428)

Oil Hits New High Over $82

NEW YORK, 19 September 2007 — Oil surged to a peak over $82 a barrel yesterday, the fifth record in as many trading days, on concerns of a winter supply squeeze in the world’s top energy consumer the... Full Story


Saudi Stocks Rise Slightly

Khalil Hanware Arab News JEDDAH — The Saudi stock market rose slightly yesterday. The Tadawul All-Share Index (TASI) closed 48.30 points higher at 7,873.33. In the banking sector,... Full Story


Blue City Project to Become Oman’s New Landmark

JEDDAH, 19 September 2007 — A multibillion metropolitan residential development project will soon rise in Oman, its developer Al-Sawadi Investment and Tourism (ASIT) said yesterday. In a statement,... Full Story




Nas Air Widens Routes, Offers Rock-Bottom Prices

JEDDAH, 19 September 2007 — Nas Air, the first budget carrier to fly in the Kingdom, had reached an agreement with Saudi Arabian Airlines to take over several public service obligation routes from... Full Story


Hedge Fund Summit to Focus on Middle East

MANAMA, 19 September 2007 — A major hedge fund conference will take place here on Nov. 5-7 at the Ritz-Carlton Hotel, the London-based Hedge Funds Review publication said yesterday in a statement. The... Full Story


MAF Fashion Set to Open 11 New Stores

JEDDAH, 19 September 2007 — MAF Fashion announced yesterday its expansion in Saudi Arabia with the launch of 11 new stores. A member of Majid Al-Futtaim Group — a prominent property developer... Full Story


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