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Friday 26 August 2005 (21 Rajab 1426)

Annual Wage Increase in Kingdom Put at SR15bn

RIAYDH, 26 August 2005 — An economic expert has estimated that the increase in wages is estimated at SR15 billion to government employees over a total base salary of SR100 billion yearly. Dr. Saad... Full Story


Oger Telecom Signs Accord in Turkey

RIYADH, 26 August 2005 — A major contract for the sale of a 55 percent stake in fixed-line operator Turk Telekom was signed in Turkey yesterday. Oger Telecom, part of the Riyadh-based Saudi Oger group... Full Story


Stock Market Experts Warn Small-Time Investors

RIYADH, 26 August 2005 — Experts in the stock market have warned small- and middle-income group people from rushing into the stock market. They warned the small-time investors from getting into the... Full Story




Albilad Bank to Invest in Kuwait

RIYADH, 26 August 2005 — Saudi Albilad Bank has begun negotiations with a big investment company in Kuwait to discuss the bank investment in Kuwait money market, the Al-Riyadh newspaper reported. Sources... Full Story


Jazadco to Invest in 4m sqm in Jizan Valley

JIZAN, 26 August 2005 — The Jizan Company for Agricultural Development, Jazadco, has reached an agreement with landowners in Jizan valley to invest in 4 million square meters of their agricultural... Full Story


SR48 Billion Total Loans Approved

RIYADH, 26 August 2005 — The total loans that were approved by the industrial development fund since its inception have reached SR48.1 billion with a total of 2,650 loans awarded to citizens. These... Full Story


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