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Tuesday 8 July 2008 (04 Rajab 1429)

‘Business registration in 24 hours’

JEDDAH: The Minister of Commerce and Industry Abdullah Zainal Alireza announced yesterday that it would take only 24 hours to issue a commercial registration for any Saudi who is interested in entering... Full Story


SAMA wins UN public service award

RIYADH: Saudi Arabian Monetary Agency (SAMA) has won the United Nations Public Service Award for the year 2008 for its service in the Sadad payment system. Announcing the award at a press conference... Full Story


STC launches new service

RIYADH: AlJawal yesterday announced the launch of its new “AlJawal Control” service to control incoming audio, video, sms, and mms communications. This new service is available to post-paid,... Full Story




Arcapita forges $2bn partnership

MANAMA: Bahrain-headquartered Arcapita Bank, a leading international investment firm, yesterday announced its maiden investment in China as the firm formed a joint venture partnership with Colossus... Full Story


African leaders tell G-8 to make good on aid promises

TOYAKO, Japan: Leaders of the world’s richest nations yesterday opened a summit aimed at battling skyrocketing oil and food prices, as pressure mounted on them to live up to their pledges to... Full Story


BADEA, ICD sign deal

JEDDAH: The Arab Bank for Economic Development in Africa (BADEA) signed a line of finance agreement with the Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic... Full Story


Oman kicks off telecom stake sale

DUBAI: Oman kicked off its planned sale of 25 percent in Oman Telecommunications Co. yesterday, inviting investors in a deal it hopes will boost the state-controlled firm’s competitiveness as... Full Story


CMA revokes license of Naeem Investment

JEDDAH: The Saudi Capital Market Authority (CMA) has revoked the license of Naeem Investment Company for violating the Capital Market Law and its regulations and deliberately giving false and misleading... Full Story


Dubai gold sales rise 17 percent in June

DUBAI: Dubai’s gold jewelry sales volume rose 17 percent in June after picking up in the second quarter on expatriate demand, a senior gold industry executive in the Gulf Arab emirate said yesterday. “After... Full Story


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