Top Saudi Arabia News

GCC's Share Of Global Aluminium To Double By 2010

14 October 2008 Dubai: The GCC's share of global aluminium production is expected to increase by 150 per cent in 2010 due toÂ significant investments in capacity expansion and ongoing construction of several new aluminium smelters. Gulf News - 14Oct 10:30GMT
SABIC establishes 'SABIC Capital Ltd.' in the Netherlands

The Saudi Basic Industries Corporation (SABIC) has announced the establishment of a new wholly-owned company with a paid up capital of Euro 18,000. The company, SABIC Capital Ltd., is based in the Netherlands. Press Release - 14Oct 11:23GMT
SABIC Capital Launches New Company In Holland

(Arabic) Saudi Basic Industries Corporation has announced the establishment of SABIC Capital ltd. in Holland. Al-Arabiya - 14Oct 10:24GMT
Saudi Dar Al Arkan To Raise Cap 33%; Issue Sukuk

(Arabic) Dar Al Arkan has decided in the EGM and AGM to raise capital to SAR7.2 billion through issuance of bonus share for every three shares. Al-Arabiya - 14Oct 10:23GMT
Saudi stocks shoot up 6% at opening

The Saudi stock market, the largest Arab bourse, shot up by 6.2 percent at the opening of trading on Tuesday, following in the footsteps of other oil-rich Arab markets in the Gulf. AFP - 14Oct 08:54GMT
Gulf seeks bidders for projects worth $120 billion

In spite of fears that the global credit crunch and economic slowdown could impact the Arabian Gulf, latest analysis shows there are still more than 250 major civil construction projects in the bidding phase across the region worth nearly $120 billion. Press Release - 14Oct 08:25GMT
Gulf Stocks Surge For Second Straight Day

Stocks in oil-rich Gulf states surged on Tuesday for the second straight day, bolstered by government action to shore up the banking sector and a spectacular global market rally. AFP - 14Oct 07:22GMT
Dubai Leads Gulf Stocks Surge

Stocks in the booming Gulf emirate of Dubai leapt nine percent at the opening of trade on Tuesday, leading gains in the oil-rich Gulf as global markets made a spectacular surge. AFP - 14Oct 06:46GMT
Biggest 1-day gain for stocks in 20 years

Global stock markets staged spectacular gains yesterday as governments pumped billions of dollars into banks crippled by the credit crunch, coaxing newly confident investors into buying shares. Arab News - 14Oct 06:37GMT
Lebanon offers privileged facilities to Saudi investors

Lebanon will offer privileged investment facilities to Saudi investors and set up a committee to determine the losses suffered by Saudi investors during political and security crises over the past few years. Arab News - 14Oct 06:37GMT

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Companies

The Sky's the Limit

When it entered Turkey, Oger Telecom found one of the most promising sources of wealth a telecom could hope for. With Turk Telecom, the world’s 13th largest fixed-line operator (2005), in its corner, Oger increased its fixed-line and mobile subscribers from 19 million to 28 million in just under three years.

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Video

Maaden Delays Aluminum Project Because Of Crisis

Arabic language (0:29)
Saudi Maaden has delayed the implementation of its aluminum project - 14Oct

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Research

Saudi Arabian Fertilizer Company (SAFCO)
TAIB Securities WLL - 13 Oct 2008

TAIB issues an OVERWEIGHT investment opinion on SAFCO with a target price of SAR 211.68, representing a 49.5% upside potential to the current market price of SAR 141.5. The company achieved H1-08 net profit of SAR 1.914 billion, compared to SAR 0.85 billion for H1-07. The stock is trading at a PE of 9.24x for FY08E.

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Radio

Gulf Salaries

Yasser Hatami, Managing Director of GulfTalent.com, goes through the results of his company's Gulf Compensation Trends 2008 survey. The results show that while pay scales have increased, inflation is staying just one step ahead.
Dubai Eye - 13 Oct 2008

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Funds

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Leading Fund

Fund	AlAhli Diversified US Dollar Trade Fund
Geographic Focus	Saudi Arabia
Fund Manager	NCB Capital
NAV	1.19 USD \| 28Sep08
YTD Returns	+ 2.88%
AlAhli Diversified US Dollar Trade Fund is the leading trade finance fund on the Funds Monitor in terms of YTD returns.
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Community Buzz

Stories in Saudi Arabia

Most read stories by Community in the last 24 hrs

1	Prince Waleed To Build 1,000-Metre Tower in Jeddah
2	Gulf Bourses Rebound After Govt Action
3	Deutsche Bank Expands Equities Platform In Mideast
4	Nissan Gulf Begins Operations In The Middle East
5	ACC Wins SR2 Billion Lamar Construction Contract
6	GCC Buyers Urged To Invest In US Realty
7	Gulf Stocks Surge For Second Straight Day
8	Saudi Shares Close Up 9.5%
9	Dubai Airports to welcome passengers to Emirates Terminal 3 tomorrow
10	Mega power project in the works in Saudi Arabia

Companies in Saudi Arabia

Most viewed companies by Community in the last 24 hrs

Company Name	Country	Industry
Saudi Binladin Group	Saudi Arabia	Construction and Design
Kingdom Holding Company	Saudi Arabia	Multi-line
Saudi Telecom	Saudi Arabia	Telecommunications Services
Al Marai Company	Saudi Arabia	Food
Al Rajhi Investment Group	Saudi Arabia	Investment Firms and Funds
Abdul Latif Jameel Group	Saudi Arabia	Multi-line
Saudi Electricity Company	Saudi Arabia	Electric Utilities
Al Rajhi Bank	Saudi Arabia	Banking
Saudi Arabian Oil Company	Saudi Arabia	Oil
Saudi Basic Industries Corporation	Saudi Arabia	Petrochemicals

Projects

Most viewed projects by Community in the last 24 hrs

Project Name	Country	Sector
Dubai RTA - Dubai Metro - Purple Line	UAE	Infrastructure
IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP)	UAE	Oil and Gas
Qatar Foundation - Sidra Hospital	Qatar	Real Estate
Nakheel - Dubai Waterfront	UAE	Real Estate
KNPC - Al Zour Refinery	Kuwait	Oil and Gas
Nakheel - Dubai Waterfront - Veneto	UAE	Real Estate
Takreer - Ruwais Refinery Expansion	UAE	Oil and Gas
Khalifa Port and Industrial Zone (KPIZ)	UAE	Infrastructure
Emirates Aluminium (EMAL) - Smelter Complex	UAE	Industry
ADCO - SAS Field Development	UAE	Oil and Gas

Blogs

Most read blogs by Community in the last 24 hrs

1	A SWOT Analysis On Real Estate
2	Lessons Learned from the Current Crisis
3	Vertigo \| Memai
4	The Myth of Islamic Finance
5	Chicken Licken and the American financial crisis

Construction
Shifting East
A shortage of skilled manpower in the GCC construction industry is attracting civil engineers and architects from countries where unemployment is growing.

Saudi SE
Sama Inaction?
Saudi investors are criticising the Saudi Monetary Agency's inaction during this week's Tadwaul freefall.

Construction
Easing Prices?
One of the biggest stories in the real estate sector worldwide this year has been the escalating cost of raw material. But that may be about to ease.

Company Ranking

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

	Company	Country	Market Capital ($mil)
1	Saudi Basic Industries Corporation	Saudi Arabia	78,601
2	Saudi Telecom	Saudi Arabia	34,081
3	Al Rajhi Bank	Saudi Arabia	30,511
4	Samba Financial Group	Saudi Arabia	16,912
5	Saudi Electricity Company	Saudi Arabia	11,618
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Related Information

EIU Forecast For Saudi Arabia

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