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COMMERCIAL NEWS

SABB 2017 net profit up 1.5pc to top $1bn

Feb 20, 2018 12:23 PM

The Saudi British Bank (SABB) recorded a net profit of SR3.955 billion ( 1.05 billion) for 2017 as against a net profit of SR3.895 billion for the previous year marking an increase of 1.5 per cent. SABB...

MORE COMMERCIAL NEWS

Huawei provides SuperCharge platforms at Saudi airports Feb 19, 2018 5:30 PM

Huawei Consumer Business Group has made SuperCharge platforms available...

Saudi central bank, Ripple in key blockchain deal Feb 15, 2018 12:22 PM

Saudi Arabian Monetary Authority (Sama) the country s central bank...

Saudi IT spend to hit $40bn in 2018: Microsoft Feb 6, 2018 9:53 AM

Saudi Arabia s IT spend in 2018 will reach the value of 40 billion...

Saudi non-oil sector sees slowdown in growth Feb 5, 2018 9:03 AM

Saudi Arabian non-oil private sector companies recorded a subdued...

Badir, STC partner to back tech start-ups Jan 28, 2018 11:48 AM

King Abdulaziz City for Science and Technology represented by Badir...

Data safety among top concerns for UAE, Saudi firms Feb 19, 2018 2:11 PM

Sixty per cent of respondents to a survey in Saudi Arabia and UAE...

Saudi real estate group set for $1bn debut sukuk issue Feb 13, 2018 11:13 AM

Salman Abdullah Bin Saedan Real Estate Group a leading developer...

Huawei to launch P Smart phone in Saudi Arabia Feb 5, 2018 10:33 AM

Huawei Business Consumer Group has announced the launch date of...

IMF raises Saudi economic growth forecasts Feb 1, 2018 12:14 PM

The IMF in its World Economic Outlook report has raised Saudi Arabia...

Saudi, Japan to explore joint work in entertainment sector Jan 15, 2018 9:56 AM

Saudi Arabia and Japan have signed a memorandum of understanding...

Saudi bourse announces key reforms to woo foreign investors Jan 10, 2018 6:34 PM

Saudi Stock Exchange (Tadawul) has announced a series of significant...

Saudi king orders extra pay to offset rising cost of living Jan 6, 2018 9:01 AM

King Salman has ordered extra pay for Saudi government workers and...

Saudi Arabia expects $9bn VAT revenue in first year Jan 2, 2018 7:08 AM

Saudi Arabia is expecting a total of SR35 billion ( 9.3 billion)...

Saudi eases foreign investor access to capital markets Jan 10, 2018 8:37 AM

The Saudi Arabia s Capital Market Authority (CMA) has amended rules...

Al Rajhi Capoital launches $431m REIT IPO Jan 2, 2018 5:56 PM

Al Rajhi Capital a leading financial services provider in Saudi...

Saudi firms may see tepid Q4 earnings: Al Rajhi Jan 1, 2018 8:37 AM

Earnings for Saudi equities (except financials) is expected to be...

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