Top Saudi Arabia News

Siemens In Talks With Gulf And Russian SWFs

Siemens, Europe's biggest engineering group, has held talks with sovereign wealth funds from the Gulf, Russia and other regions in an attempt to expand its long-term investor base. Financial Times - 28Aug 07:17GMT
Sharia initiatives worth $10bn launched

Three of the Gulf's biggest financial house has teamed up to launch three investment vehicles worth $10 billion (Dh36.7bn). Emirates Business 24/7 - 28Aug 05:31GMT
Honda launches Pilot 'grand comfort cruiser' in Saudi Arabia

Abdullah Hashim Company Ltd., the exclusive distributor of Honda cars in Saudi Arabia, has launched on Tuesday the all-new Pilot cruiser, which is aptly dubbed as the "Grand Comfort Cruiser" due to its superb qualities. The Saudi Gazette - 28Aug 05:23GMT
Saudis to get prepaid electricity cards

The Saudi Electricity Company will introduce prepaid electricity cards in about six months, Engineer Ali Al Barak, Executive President of the company, said. Gulf News - 28Aug 05:12GMT
NIB Deputy CEO talks about Dubai Group's $1.5 billion facility: Part I

(Arabic) Ahmad Al Janahi, Deputy CEO in Noor Islamic Bank says there's liquidity in the region's markets and many banks are still interested in financing deals. Al-Arabiya - 27Aug 12:38GMT
GCC tourists in Sir Lanka increased 30% in 2008

Sri Lanka's Deputy Minister of Tourism Faizer Musthapha said on Wednesday that Gulf Cooperation Council (GCC) tourists to Sir Lanka increased 30 percent in 2008, marking a noticeable improvement. KUNA (Kuwait News Agency) - 27Aug 11:37GMT
KSA Issues Directive On Steel Consumption

(Arabic) Saudi Ministry of Municipal and Rural Affairs has announced its directions to guide consumption of steel in buildings. Al-Arabiya - 27Aug 11:00GMT
GCC Ad Spend Crosses $3 Billion

The advertising expenditure in the GCC has shown a robust growth during the first six months of 2008 reaching $3.77 billion compared to $3.05 billion for the same period of 2007. Bahrain Tribune - 27Aug 09:57GMT
Saudi inflation rate growth might decelerate

(Arabic) SAMA expects Saudi inflation rate growth to slow in Q3. Al-Arabiya - 27Aug 09:21GMT
Air Arabia to introduce daily flights to Riyadh and Jeddah

Air Arabia announced on Tuesday that it will fly daily to Riyadh and Jeddah from the carrier's primary hub in Sharjah, starting on September 16.Â Â Air Arabia currentlyÂ flies six times a week to Riyadh and four times to Jeddah. Gulf News - 27Aug 06:56GMT

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Tasi Opens The Door
KSA has been under pressure by market participants and WTO to open up and, led by the reformist CMA, has taken tentative steps.

STC Plays Ball
The STC-Man U deal is the latest example of how Gulf companies are turning to high-level sports as a means to reach global audiences.

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Saudi Arabia Of Solar Energy
In the wake of the first Gulf War, the U.S. Army assessed Saudi Arabia's solar energy resource potential in a classified effort to determine how oil fires had affected the region.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Saudi Basic Industries Corporation	Saudi Arabia	105,383
2	Al Rajhi Bank	Saudi Arabia	35,794
3	Saudi Telecom	Saudi Arabia	35,194
4	Samba Financial Group	Saudi Arabia	18,597
5	Saudi Arabian Fertilizer Company	Saudi Arabia	14,914
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