Corporate News

Free insurance coverage for Xpress Money remitters
Xpress Money, a popular money transfer brand, has launched the industry’s first free life insurance cover scheme for its Saudi remitters in partnership with Union Insurance. This monthly...
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Oil price drops $3 on recession fears

Thursday 18 August 2011
NEW YORK: Oil fell more than $3 a barrel as a raft of weak US economic data provided a fresh blow to shaky investor confidence, extending US crude’s losses to
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Biden tells China cooperation key for global economy

Thursday 18 August 2011
BEIJING: China and the US share a responsibility for boosting global market confidence, Chinese Vice President Xi Jinping told visiting US Vice President Joe Bid
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Repsol, Total in Syria naphtha deal: Traders

Wednesday 17 August 2011
LONDON: European oil companies are continuing multi-million dollar trade with Syria’s President Bashar Assad, providing his government with a key source of fun
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Gulf bourses mostly up in lackluster trade

Wednesday 17 August 2011
DUBAI: Egypt’s bourse ended higher on Wednesday as Mobinil rebounded from declines on talk of potential shareholding changes, while most Gulf markets gained in
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HP, Dell hammered as tech-spending outlook darkens

Wednesday 17 August 2011
BANGALORE/SAN FRANCISCO: Shares of Hewlett-Packard Co. and Dell Inc. fell on Wednesday as the outlook for US and European corporate government technology spendin
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Obama to outline economic package in new speech

Wednesday 17 August 2011
WASHINGTON: President Barack Obama said he will propose a plan in September to jump-start the US economy as he struggles to convince skeptical voters that he has
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Sasref, Al-Khonaini sign contract for infrastructure development

Wednesday 17 August 2011
JUBAIL: Saudi Aramco Shell Refinery Co. (Sasref) signed on Tuesday in Jubail Industrial City a major contract with Al-Khonaini International Contracting Co. Ltd.
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Tasnee, Evonik form JV

Wednesday 17 August 2011
JUBAIL: The National Industrialization Company (Tasnee) has announced that the Saudi Acrylic Acid Company Ltd. (SAAC), one of the subsidiaries of Tasnee, and Sah
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Golden chance for investors as prices surge by SR73,000 per kilo

Wednesday 17 August 2011
JEDDAH: Gold prices in the Kingdom have jumped by SR73,000 per kilo in a single year, a top industry official said and urged consumers in the Kingdom to invest i
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Apple may invest $1bn in Sharp LCD plant: Sources

Wednesday 17 August 2011
TOKYO: Apple plans to invest in a Sharp factory to secure a supply of LCD screens for iPhones and iPads, sources said, triggering expectations Apple may step up
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