http://www.zawya.com/middle-east/financial-markets/saudi-arabia/en-usCopyright 2012 Zawya Ltd. All rights reserved.Tue, 14 Feb 2012 03:32:00 GMT2114476http://www.zawya.com/middle-east/financial-markets/saudi-arabia/http://www.zawya.com/images/newsletter_zawya_logo.gifhttp://www.zawya.com/story.cfm/sidZAWYA20120214033205/Insurance_sector_dominates_Tadawul_trading_index_rises The Tadawul All-Share Index (TASI) closed at 6,831.56 points on Monday, up 28.62 points at a growth rate of 0.42 percent over the close of the previous day. On an YTD basis TASI registered a positive return of 6.45 percent. Tue, 14 Feb 2012 06:48:28 GMTArab News ZAWYA20120214033205Openhttp://www.zawya.com/story.cfm/sidpdf_130212075730/OAB_Al_Arabi_GCC_Virtual_Portfolio_13Feb12This is a PDF report. Mon, 13 Feb 2012 07:55:00 GMTOman Arab Bank SAOC pdf_130212075730Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20120213014902/SR10bn_Mobily_loan_deal_to_boost_data_services_revenuesEtihad Etisalat (Mobily) signed a SR10 billion loan agreement with seven local banks to boost its revenues and invest in its broadband and data services business.Mon, 13 Feb 2012 07:48:43 GMTArab News ZAWYA20120213014902Openhttp://www.zawya.com/story.cfm/sidpdf_130212070044/Markaz_Greenish_Beginning_to_the_Year__UAE_and_Saudi_lead_GCC_gains_Feb12This is a PDF report. Mon, 13 Feb 2012 06:57:00 GMTKuwait Financial Centre pdf_130212070044Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20120213014615/TASI_falls_slightly_turnover_at_SR87bnThe Saudi stock market (Tadawul) retreated to 6,802.94 on Sunday, which was roughly where it started the day. The Tadawul All-Share Index (TASI) lost about 28 points during the day but bounced up and down to close at 6,802.94 levels, just 1.09 points down. General perception of the investors remained negative and Saudi stocks declined a little from earlier levels.Mon, 13 Feb 2012 06:25:25 GMTArab News ZAWYA20120213014615Openhttp://www.zawya.com/story.cfm/sidZAWYA20120213015503/Reliable_and_continuous_power_supply_is_our_aim_says_Saudi_Electricity_chiefSaudi Electricity Company President and CEO Ali S. Al-Barrak estimates that more than SR450 billion ($120 billion) of capital investment will be required over the next 10 years.Mon, 13 Feb 2012 06:15:03 GMTArab News ZAWYA20120213015503Openhttp://www.zawya.com/story.cfm/sidZW20120212000023/SABICSinopec_in_talks_with_Trinidad_to_build_53b_methanol_complexSaudi Basic Industries Corp., or Sabic, and China Petrochemical and Chemical Corp., or Sinopec, have agreed to start negotiations with Trinidad and Tobago to possibly build a $5.3 billion methanol complex in that country, according to the world's largest petrochemical maker by market value.Sun, 12 Feb 2012 12:16:40 GMTZawya Dow Jones News ZW20120212000023Openhttp://www.zawya.com/story.cfm/sidZAWYA20120212034015/Tadawul_up_further_volume_improvesThe Tadawul All-Share Index (TASI) gained nominal 6.94 points and closed at 6,804.03 points on Saturday.Sun, 12 Feb 2012 06:33:48 GMTArab News ZAWYA20120212034015Openhttp://www.zawya.com/story.cfm/sidZAWYA20120211035301/Tadawul_behavior_not_matching_economic_boom_in_KSAA Saudi expert specialized in stock market has called on the Ministry of Finance and the Saudi Arabian Monetary Agency (SAMA), in addition to the local commercial banks, to restore confidence to the local stock market in light of the decline of the market value which does not meet with the firm and strong status of the Saudi economy.Sat, 11 Feb 2012 07:35:41 GMTThe Saudi Gazette ZAWYA20120211035301Openhttp://www.zawya.com/story.cfm/sidpdf_100212120101/BMI_Saudi_Arabia_Oil__Gas_Report_Nov11BMI View: As OPEC?s price enforcer and the holder of most of the cartel?s spare oil production capacity, we expect Saudi Arabia to keep a tight rein on output over the next ten years, with no apparent movement on oft-stated plans to boost productive capacity to 14-15mn b/d from the current 12mn b/d. The Kingdom is boosting exploration work in areas including offshore, gas and unconventionals, and we see continued expansion in the refining and petrochemicals segments, although gas price reform could deter foreign investment in the latter.- BMI expects Saudi oil production to cross 12mn barrels per day (b/d) by 2021, with the relatively slow increase explained by a desire to control prices and maintain relative market tightness.- Oil consumption is expected to rise by about 1mn b/d over the period 2011-21, with much of the increase driven by the rising utilisation of crude oil for power generation.- We expect Saudi Arabia to remain self-sufficient in natural gas, with production and consumption rising from an estimated 87bn cubic metres (bcm) in 2011 to 120bcm by 2021. Greater exploration in the Red Sea and the prospect of tight gas production could bode well for gas reserves.- The advancement of refinery projects could turn Saudi Arabia into a gasoline exporter, while petrochemicals projects continue to take advantage of cheap feedstock (gas, naphtha).- Although still largely closed to foreign investment, international companies have found opportunities in the Neutral Zone, gas exploration, refining and in the case of service companies, technical assistance on tight gas drilling.Saudi Arabia?s dependence on oil prices leads to high volatility in the country?s export revenues. Our assumptions which take into account slower growth in China, a faltering recovery in the US and a worsening eurozone debt crisis, clearly pose a threat to global oil demand. We assume OPEC basket oil prices will fall from US$101.90 per barrel (bbl) in 2011 to US$99.38/bbl in 2012, thus Fri, 10 Feb 2012 11:55:00 GMTBusiness Monitor International Limited pdf_100212120101Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20120209042048/Saudi_MCI_reassures_shareholders_of_Joharat_AlSharq_GroupThe Minister of Commerce and Industry and Chairman of the Committee of Real Estate Shareholdings, Dr. Tawfiq bin Fawzan Al-Rabiah re-assured all shareholders of Joharat Al-Sharq Group located in Khobar City that their rights are preserved and no party can infringe or seize them.Thu, 09 Feb 2012 08:05:10 GMTSaudi Press Agency ZAWYA20120209042048Openhttp://www.zawya.com/story.cfm/sidZAWYA20120209033714/Jarir_Board_of_Directors_approved_distributing_sash_dividends_of_SR_96_m_for_Q4__2011The CEO of Jarir Marketing Company, Mr. Abdulkarim Al Agil, announced that the Board of Directors, on their meeting held on Feb. 07, 2012 , approved distributing of cash dividends amounted to SR 96 million (SR 1.6 per share) to the Share Holders representing profit distribution for the fourth quarter of year 2011. Thu, 09 Feb 2012 07:14:56 GMTTadawul ZAWYA20120209033714Openhttp://www.zawya.com/story.cfm/sidZAWYA20120209033726/Saudi_Cement_Company_announces_financial_results_for_2011Saudi cement company announces its financial results for the year ended 31 December 2011 as follows.Thu, 09 Feb 2012 07:14:18 GMTTadawul ZAWYA20120209033726Openhttp://www.zawya.com/story.cfm/sidZAWYA20120209033831/Medgulf_announces_the_annual_financial_results_for_2011The Mediterranean & Gulf Cooperative Insurance & Re-insurance company (Medgulf) announces the annual financial results for the period ended 31/12/2011 as follows. Thu, 09 Feb 2012 07:04:03 GMTTadawul ZAWYA20120209033831Openhttp://www.zawya.com/story.cfm/sidZAWYA20120209035231/Jarir_announces_its_audited_consolidated_financial_results_for_2011Jarir Marketing Company (JMC) announces its audited consolidated financial results for this year ended 31st December 2011 as follows.Thu, 09 Feb 2012 07:02:39 GMTTadawul ZAWYA20120209035231Openhttp://www.zawya.com/story.cfm/sidZAWYA20120209032925/Tadawul_rises_to_21month_highSaudi Stock market rose to the highest level in almost 21 months, led by Kingdom Holding Co. and Amana Insurance, both jumped to 9.80 percent to close at SR11.2 and SR44.80 respectively. Thu, 09 Feb 2012 06:32:02 GMTArab News ZAWYA20120209032925Openhttp://www.zawya.com/story.cfm/sidZAWYA20120208041538/ASLAK_announces_its_audited_financial_results_for_2011United Wire Factories Company (ASLAK) announces its audited financial results for the year ended December 31, 2011 Wed, 08 Feb 2012 09:54:49 GMTTadawul ZAWYA20120208041538Openhttp://www.zawya.com/story.cfm/sidZAWYA20120208032310/Tadawul_rebounds_values_reaches_SR835_billionThe Tadawul All-Share Index (TASI) ended in the green on Tuesday at 6,743.55, up 4.64 points or 0.07 percent, from its previous day's close at 6,738.91 points. Wed, 08 Feb 2012 06:49:49 GMTArab News ZAWYA20120208032310Openhttp://www.zawya.com/story.cfm/sidZAWYA20120208032348/SRMG_net_profit_rises_188_to_SR1003m Saudi Research & Marketing Group (SRMG) said its net profit rose by 18.8 percent to SR100.3 million last year from SR84.4 million in 2010. Wed, 08 Feb 2012 06:47:15 GMTArab News ZAWYA20120208032348Open