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Wednesday 23 January 2008 (14 Muharram 1429)

Lock, Stock and Barrel


 
JEDDAH, 23 January 2008 — Stock market turmoil swept around the world again yesterday, with the Gulf and Asian shares pummeled by fears of a US recession before hopes of international action helped... Full Story


Global Recession Likely WEF Topic

DAVOS, Switzerland, 23 January 2008 — As 2,500 world leaders gather today at the World Economic Forum (WEF) in this picturesque mountain village, stock indices are plummeting around the globe. Although... Full Story


Saudis Urged to Reform Mindset

RIYADH, 23 January 2008 — Saudis need to change their mindset and gradually change to a knowledge-based society in a way which would not affect the social structure of the country, Singaporean Minister... Full Story




‘Create Nationals for Jobs’

RIYADH, 23 January 2008 — Mohamed Ali Alabbar, director general of the Department of Economic Development and Chairman of Emaar Properties PJSC, urged the Arab world to “create citizens for jobs rather... Full Story


KHC Net Income Rises 25% to SR1.2bn in ’07

RIYADH, 23 January 2008 — Kingdom Holding Company (KHC), under the chairmanship of Prince Alwaleed bin Talal, recorded a SR1.2 billion net income in 2007, or a 25 percent increase over the preceding... Full Story


Compete in Service Quality, Insurance Firms Told

JEDDAH, 23 January 2008 — Health insurance companies, which are proliferating across Saudi Arabia, should compete not in terms of price but quality of service. This was the message given by... Full Story


Pfizer Invests $8.7bn Yearly in Health Care

RIYADH, 23 January 2008 — Jean-Michel Halfon, Pfizer’s area president for Canada, Latin America and Middle East, announced yesterday that the pharmaceutical company is investing more than $8.7 billion... Full Story


BMG Saudi Index Plummets

The BMG Saudi Index continued its negative performance in yesterday’s session, losing 55.7 points to reach 510.1 points and falling by 9.8%, a downturn unseen since July 15th 2006. The market turnover... Full Story


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