Economy

ALKHOBAR, 24 May 2005 — An economist gave business leaders an overview of the serious challenges that lay ahead for Saudi Arabia but expressed optimism that the Kingdom was making the right moves t

JEDDAH, 24 May 2005 — Saudi Arabia’s landmark railway expansion received a shot in the arm recently when specialized US companies expressed their keen desire to take part in the project linking th

RIYADH, 24 May 2005 — Buoyed up by a strong economy, new listings, initial public offerings (IPOs) and recent developments within the capital market, the Saudi stock market is growing as never befo

JEDDAH, 24 May 2005 — The $1 billion Royal Metropolis project in Jordan, which will transform the Amman skyline and provide the necessary office and housing accommodation to allow the Jordanian cap

KUWAIT, 24 May 2005 — Kuwait will allow a limited number of international banks and five Gulf Arab banks to open branches under a plan to open up its banking sector, the Central Bank of Kuwait gove

KUWAIT, 24 May 2005 — State-run Kuwait Oil Company (KOC) signed a 360 million dinar ($1.23 billion) oil sites upgrade deal yesterday with South Korea’s SK Engineering & Construction Co.

JEDDAH, 23 May 2005 — Madinah Governor Prince Muqrin will open the new acetic acid factory at the Arabian Industrial Fibers Company (Ibn Rushd) in Yanbu on May 24.

JEDDAH, 23 May 2005 — The Makkah Chamber of Commerce and Industry will organize a visit of businessmen to the vocational training center in the city today.

DEAD SEA, Jordan, 23 May 2005 — The World Economic Forum’s third attempt to come to grips with the economic and political intricacies of the Middle East and North Africa ended yesterday with a sur

JEDDAH, 23 May 2005 — The Dubai Summer Surprises (DSS) being held in Dubai from June 22 to Sept. 2, is poised to register 10 percent growth in the number of visitors.