Economy

JEDDAH, 31 August 2005 — After flirting with 15,000 mark, the Saudi stock index suffered 66.54 points fall yesterday.

JEDDAH, 31 August 2005 — Saudi businesswomen members of the Jeddah Chamber of Commerce & Industry (JCCI) will be voting directly for the first time in the forthcoming elections for the chamber�

SHARJAH, 31 August 2005 — Petrol and diesel prices will go up by an average of 31.2 percent throughout the UAE with effect from tomorrow, the Emirates News Agency (WAM) reported.

MAKKAH, 31 August 2005 — Prices continued to increase in Makkah over a range of products by 3 to 10 percent, Madinah newspaper reported.

RIYADH, 31 August 2005 — Saudi Arabian Monetary Agency (SAMA) is currently studying the project to connect foreign and Gulf bank with “Fast System”, Al-Eqtisadiah newspaper reported.

DUBAI, 31 August 2005 — Aramex, part of Arab International Logistics (AIL) and listed on the Dubai Financial Market, confirmed that it is in final negotiations with Liban Post for the acquisition o

NEW YORK, 31 August 2005 — Oil struck a high near $71 yesterday as oil companies raced to check their abandoned oil platforms and refineries for damage after Hurricane Katrina’s rampage through th

JEDDAH, 30 August 2005 — Saudi Arabia yesterday announced its readiness to increase crude oil production to 11 million bpd if world market faces any shortage in oil supplies as a result of Hurrican

JEDDAH, 30 August 2005 — Following a string of bogus and unlicensed activities by individuals alleging to be financial investors and collecting millions of riyals from unsuspecting people, the Capi

JEDDAH, 30 August 2005 — Saudi Railway Organization (SRO) will start tomorrow receiving prequalification offers from national and international companies to carry out the multi-billion dollar landb