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Tuesday 20 November 2007 (10 Dhul Qa`dah 1428)

Cabinet Decision Sends Saudi Stocks Soaring

JEDDAH, 20 November 2007 — The Saudi stock market rebounded yesterday after the news that the Cabinet had appointed a new nine-member board of directors for Tadawul, the joint stock firm which is responsible... Full Story


E-Trading Project for Young on the Anvil

JEDDAH, 20 November 2007 — BMG Financial Advisors, a leading provider of financial services in the Kingdom, has signed an Memorandum of Understanding (MOU) with Coffee Bean and Tea Leaf (CBTL) to explore... Full Story


Alwaleed Recipient of Coveted MEBA Award

DUBAI — Prince Alwaleed Bin Talal has been named as the recipient of first IIR Middle East Business Achievement Lifetime Award for Outstanding International Contribution by a Middle East Business... Full Story




A Passion for Designing Artistic Interiors

JEDDAH, 20 November 2007 — Samuele Mazza is a visual designer and stylist of artistic interiors. Mazza, based in Milan, Italy, who began his career as a fashion designer, is today recognized... Full Story


Saudi Riyal Touches 21-Year High

DUBAI, 20 November 2007 — Gulf currencies rallied yesterday after United Arab Emirates policymakers called for a regionwide review of dollar-pegged exchange rates. The Saudi Arabian riyal hit... Full Story


NCB Capital Introduces Global Real Estate Fund

JEDDAH, 20 November 2007 — An open-ended Shariah complaint AlAhli Global Real Estate Fund, described as the world’s first, was introduced by NCB Capital here yesterday. The fund seeks to generate... Full Story


MENA Shows Signs of Joining Emerging Markets Mainstream

MANAMA, 20 November 2007 — The GCC countries have produced about 32 billion barrels of oil since 2004 equivalent to worth about $2 trillion at spot prices. Based on every dollar per barrel of... Full Story


Fittings, ARIG in Deal to Set Up Plant in Jubail

RIYADH, 20 November 2007 — As part of common expansion strategies, Erne Fittings GmbH, Austria and Al-Rajhi Investment Group (ARIG) have signed an agreement to establish a joint company in Jubail Industrial... Full Story


Diversification Key to Sustain Growth: ABC

CAIRO, 20 November 2007 — The Arab Business Council of the World Economic Forum (ABC) concluded its fourth annual two-day meeting here yesterday in which business and political leaders discussed the... Full Story


First Phase of New KAIA Development Plan Begins

JEDDAH, 20 November 2007 — The General Authority of Civil Aviation (GACA) launched the first phase of the new King Abdul Aziz International Airport (KAIA) Development Project in a conference on Sunday... Full Story


Assaudia Names Adviser for Project

JEDDAH, 20 November 2007 — Assaudia Real Estate Development, a wholly owned subsidiary of the Omar K. Al-Esayi Group (OKAG), has appointed AlKhabeer Financial Consultants to provide financial advisory... Full Story


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