The Saudi domestic economy is softening as oil prices head south. Can it cope with the crash?
In 2014, bourses in the UAE and Qatar were upgraded to emerging markets status. Could the opening of Saudi Arabia’s Tadawul see it follow?
The company did not specify where the shipment was headed to.
Qatar was the most expensive construction market in the Middle East region in 2014, according to a study by EC Harris.
The decrease was the sixth straight drop in quarterly profit posted by the bank.
The lender made a net profit of SAR1.83 billion($487.6 million) in the last quarter of 2014.
The company made a net profit of SAR269 million ($71.68 million) in the last quarter of 2014.
The bank made a profit of SAR969.4 million ($258.3 million) in the last quarter of 2014.
The minister’s comments suggested increasing political momentum for the tax, which could provide the government with additional revenues.
The official, however, did not specify the total number of airports in the Kingdom that will be privatised.
They discussed global oil markets and cooperation on energy and environmental issues, climate change and solar energy use.
The firm made a net profit of SAR617.8 million ($164.6 million) in the fourth quarter of 2014.
The entry brings the total number of founder nations intending to join the $50-billion bank to 26, officials said.
Walid Abu al-Khair, founder and director of watchdog group Monitor of Human Rights in Saudi Arabia (MHRSA), was sentenced last year to 10 years in jail.
The company has purchased plots in Dubai’s Umm Suqeim area and Riyadh’s King Fahed Road to develop its latest projects.
The bank attributed its increase in net profit to a rise in total operating income, which gained 13.4 per cent.
Banque Saudi Fransi made a net profit of SAR851 million ($226.8 million) in Q4 2014, up from SAR274 million in the same period a year earlier.
SAFCO did not provide a reason for the profit drop in the Enlgish results statement.
Quoting from Muslim scholars, Sheikh Munajjid argued that to build a snowman was to create an image of a human being, an action considered sinful under Islam.
Local media reported that the corporation is ready for the privatisation process and for listing on the Saudi stock exchange.
Several regional companies published positive fourth-quarter earnings.
Venezuela’s international reserves have deteriorated sharply due to the tumbling oil prices which hit new lows last week below $50 per barrel.
Omar al-Amoudi, executive vice president of shared services at Sabic and an existing Kayan board member, took over from Mutlaq al-Morished.
Operating income in the fourth quarter stood at SAR1.995 billion.
The bank cited an increase in operating income, which rose 20 per cent year-on-year, for the profit hike.
Rail projects across the GCC are expected to fuel intra-regional trade while helping reduce fuel consumption.
The airline is expecting to begin operations in the Kingdom in the next six to 18 months.
Called “Meem” – the letter M in Arabic – the new retail banking platform will offer personal finance products and credit cards in Saudi Arabia.
Raif Badawi, who set up the “Free Saudi Liberals” website, was arrested in June 2012 and prosecuted for offences including cyber crime and disobeying his father.
The government confirmed last week that three of the four attackers, who carried out a gun attack on the country’s border, were Saudi nationals.