JEDDAH, 25 November 2004 — Fitch Ratings, the international rating agency, yesterday assigned Saudi Arabia Long-term foreign currency and local currency ratings of ‘A’ with stable outlook and short-term
MANAMA, 25 November 2004 — A Bahraini official said yesterday that the recent reports claiming that the Gulf nations were angered about the Bahrain-US free trade allegations is “untrue”. “Bahrain has
ISTANBUL, 25 November 2004 — Of the 55 member states of the Organization of the Islamic Conference (OIC) only five are classified as high income group while 21 members belong to the middle group. The
A rare conjunction of political events, economic undercurrents and climatic exigencies contributed to oil touching a record $55 a barrel in recent weeks. Political strife in Venezuela, ethnic troubles
KUWAIT CITY, 25 November 2004 — Kuwait’s Equate Petrochemicals Company has secured a $600-million syndicated loan to build a second olefins plant in the country, the National Bank of Kuwait (NBK) announced
JEDDAH, 25 November 2004 — Al-Rajhi Banking & Investment Corporation recently launched its first model branch at Al-Hamra District in Riyadh. The new branch, which was opened by Abdullah Suleiman Al-Rajhi,
LONDON, 25 November 2004 — The dollar trawled record depths against the euro yesterday, hit by signs that central banks in Russia and elsewhere could step up sales of the ailing US currency to buy
