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Saudi’s Mobily Q2 net profit up 22%

The telecoms company said that it made a net profit of $379 million in the second quarter of the year.

New KSA Mortgage Laws Significant

Saudi Arabia’s announcement of five new laws will affect homeowners and businesses when they come into effect.

FDI Inflows To GCC Fall 35%

Foreign direct investments into the Middle East dropped 16 per cent to $49 billion in 2011, says UN report.

Dar al-Arkan Repays $1bn Sukuk

The Saudi-based property developer said that Sukuk account holders will receive the funds on Monday.

Saudi To Lend Tunisia $220m

The loans, extended by the Saudi Fund for Development, are repayable over 20 years at two per cent interest.

KSA Agrees To Send Female Athletes

Saudi Arabia will include two female competitors in its London 2012 Olympic team for the first time.

Mursi To Visit Saudi Arabia

Egypt’s new President will make his first official visit to the Kingdom this week to meet King Abdullah.

KSA’s Almarai And Dar Alarkan Up

Saudi Arabia’s dairy producer and property developer both reveal an increase in net profit for the second quarter.

IBM To Expand In The ME

The global technology firm plans to increase regional hiring and open more offices in a major expansion drive.

KSA Investors Move Quickly

Analysts are not revising share price forecasts following a surge in banking shares after mortgage law approval.

Qatar Airways Plans Saudi Carrier

Qatar Airways is keen to launch an airline in the Kingdom, but is worried about excessive fuel charges.

Saudi Approves Mortgage Law

The long-awaited mortgage law is expected to help solve the Kingdom’s critical housing problem, say experts.

GCC IPOs Pick Up In Q2 2012

Four IPOs, valued at over $1.1 billion were issued in the GCC during the second quarter of 2012.

Emirates Adds Saudi Flights For Ramadan

The airline will fly 73 extra flights to Jeddah and Medinah Al Munawarrah from July 20 to September 1.

Saudi Aramco To Sell Unit For $1.3bn

The oil giant signs agreement to sell its Vela marine unit to Saudi National Shipping Company.

Saudi Women To Enter Olympics

Women athletes from the Kingdom will be allowed for the first time to compete in the London Olympics.

Rents Rise In Riyadh and Jeddah

Residential rents rose between four to 13 per cent in the two Saudi Arabian cities, says a new study.

KSA IPOs Strong Despite Outlook

Although the stock market is down 14 per cent from this year’s high, investors are positive on earnings.

Top MENA Picks For Retailers

The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.

KSA Seeks Crown Prince Successor

Crown Prince Nayef’s funeral was attended by members of the al-Saud ruling family and heads of Arab states.

Saudi Crown Prince Nayef Dies

Heir to the throne Crown Prince Nayef bin Abdulaziz al-Saud has passed away outside the Kingdom.

Saudi Eyes Joint Grid With Turkey

The Kingdom’s cabinet has approved authorities to hold discussions with Turkey for a joint electricity grid.

Brent Prices Drop Below $97

Concerns about the Eurozone debt crisis pushed crude oil prices towards its lowest so far this year on Tuesday.

Kingdom Holding Picks Banks

Saudi Prince Alwaleed’s Kingdom Holding has reportedly chosen two banks to manage its debut bond.

Saudi Cuts Oil Output In May

The Kingdom pumped 9.8 million barrels per day last month, down 300,000 bpd from April.

Saudi Posts 5.9% Q1 GDP Growth

The Kingdom’s GDP growth during the first quarter of 2012 reduced slightly compared to the fourth quarter of last year.

Saudi Domestic Tourism To Grow

Official statistics reveal that local tourism in the Kingdom will grow five per cent during summer this year.

Saudi Plans SAR1bn Projects

The Kingdom has approved municipal projects worth SAR1 billion to be implemented across the country.

Saudi Unlikely To Cut Oil Supply

Despite oil prices falling below $100 a barrel, Saudi Arabia will not cut supplies anytime soon, say experts.

Top 10 IPOs In The GCC

Gulf Business rounds up the top IPOs issued in the region in terms of capital raised, as revealed by Ernst and Young.