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  • S&P reports assess economic and credit impact of rising tensions in the Gulf


    Rising tension between Iran and the West is increasing political and economic risks for sovereign and corporate issuers in the Middle East and focusing attention on the key role of the Strait of Hormuz in trade for the Gulf, says Standard & Poor's Ratings Services in a series of three new reports. Press Release - 14Feb 11:22GMT
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  • NEM secures mega assignment for PP10 conversion project in Saudi Arabia


    NEM has secured the order from Arabian Bemco Contracting Co. Ltd. in Jeddah, Saudi Arabia for forty (40) unfired dual pressure Heat Recovery Steam Generators (HRSGs) for the PP10 Combined Cycle Power Plant project. Press Release - 14Feb 11:19GMT
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  • Saudi Arabia to attract 15.8 million tourists by 2014


    The number of tourists heading to the Kingdom is expected to reach 15.8 million by 2014, up from around 13 million in 2010, according to international industry consultant Business Monitor International (BMI). Press Release - 14Feb 10:27GMT
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  • Saudi beheads two drug traffickers


    Saudi Arabia beheaded two men convicted of drug trafficking in the ultra-conservative kingdom, the interior ministry announced. AFP - 14Feb 10:07GMT
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  • IPO activity in GCC faces challenging year - Deloitte


    After a year of sluggish initial public offering, or IPO, activity, 2012 looks to be another challenging one in terms of expectations for new listings in the GCC region, accountancy firm Deloitte said. Khaleej Times - 14Feb 09:35GMT
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  • Another weak year for IPOs in the GCC - PwC


    Initial public offerings (IPO) in the six nation Gulf Corporation Council (GCC) markets continued spiralling downwards in the fourth quarter of 2011 summing up a difficult year for IPOs on the regional exchanges. Press Release - 14Feb 07:35GMT
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  • Saudi Arabia's new role in world finance


    Saudi Arabia will increasingly define the economic and security architecture of the Middle East as the US withdraws its combat troops from Iraq and the Israel-Palestine peace process degenerates into diplomatic deep freeze. Khaleej Times - 14Feb 07:26GMT
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  • Alwaleed meets with businessmen in US


    Prince Alwaleed Bin Talal, Chairman of Kingdom Holding Company (KHC), was on a trip to US, conducting business meetings with CEOs and chairmen of prominent international companies in which KHC is a major investor in most of them. He was accompanied by a delegation from KHC. The Saudi Gazette - 14Feb 07:25GMT
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  • Saudi banks' profits at 5-year high on lending


    Saudi banks, having the second largest asset base in the Arab region after UAE banks with their combined assets standing at SR1.54 trillion at the end of 2011, earned nearly SR30.9 billion in net last year on account of lower provisions for bad debt and growth in lending. The Saudi Gazette - 14Feb 07:23GMT
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  • Saudi Arabia, UAE, Qatar top places for employment


    Cities in Saudi Arabia, UAE and Qatar are the most vibrant places for employment opportunities in the Gulf, Konstantina Sakellariou, Partner, Marketing & Operations Director at Stanton Chase, was quoted as saying by 24/7 news website. The Saudi Gazette - 14Feb 07:23GMT
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Kuwaiti Bond Market - Development Bottlenecks
Capital Standards

The report “Kuwaiti Bond Market: Development Bottlenecks” issued by Capital Standards briefly enumerates the reasons for the anemic state of the bond market in Kuwait.



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Most trusted ME banks
Thirty-three Middle East banks are among 500 of the world's most trusted banks, according to a new study.
 
 
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Top GCC cities for job hunting
Cities in the UAE, Saudi Arabia and Qatar seem to be hotspots for hiring in the region. Overall hiring in the region may be a sluggish, but some cities in the region look more promising than other when it comes to increasing headcount in companies, say experts.
 
 
Steady outlook
Driven in part by state spending on infrastructure, housing and social development projects, Saudi Arabia's economy is set for a year of solid growth. Longer-term predictions, however, are factoring in the uncertain state of the global economy.
 
 
 
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 | No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 Saudi Basic Industries Corporation Saudi Arabia 75,994
2 Al Rajhi Bank Saudi Arabia 29,596
3 Saudi Telecom Company Saudi Arabia 19,464
4 Saudi Electricity Company Saudi Arabia 15,721
5 Saudi Arabian Fertilizer Company Saudi Arabia 11,932
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