GDF Suez is highly considering taking an active role in a French bid GDF Suez is considering taking an active role in the French bid for the nuclear reactor project in Saudi Arabia.
Tags: Saudi Arabia
Saudi king initiates mega investments
King Abdullah bin Abdul Aziz of Saudi Arabia launched mega investments to create jobs. King Abdullah bin Abdul Aziz of Saudi Arabia launched different development projects amounting to SR327 billion or US$81 billion on Thursday.
Chinese Huawei penetrates Saudi Arabia
Huawei launched their first product on Saudi Arabia in a Riyadh conference last night. Chinese mobile phone manufacturer Huawei formally entered the Saudi Arabian market, vying for a place in the hotly contested smartphone industry sales race.
Sovereign wealth fund from Saudi Arabia along with Korean firm to establish venture firm in West Africa
The Islamic Corporation for the Development of the Private Sector and Kolon Group from South Korea has signed an agreement to invest in a pharmaceutical plant in Côte d'Ivoire.
Ramadan revives food sector as Muslim countries spend more
The Islamic holy month of Ramadan would unite 1.6 billion believers and would directly result to the recovery of markets particularly in the food sector.
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Zain Saudi has entered into an agreement with the Saudi Arabian Ministry of Finance to defer payment of mobile phone license fees to 2021.
Dar Al Arkan prepares for benchmark sized sukuk issue. Dar Al Arkan Real Estate Development Company of Saudi Arabia is in the midst of preparations to sell a benchmark sized Islamic bond or sukuk.
Saudi Arabian shares increase led by property and petrochemical companies. The majority of the increases in the benchmark stock index of Saudi Arabia was attained in the last four months.
General Lighting Co would be doing IPO at Saudi Arabian bourse. General Lighting Co is planning to sell off shares in the Saudi Arabian stock market. The company is a Saudi Arabian firm partly owned by the Carlyle Group and the sale would be the way that the private equity firm would be exiting its shareholdings in the firm.
Five telecom firms bid for Saudi Arabian mobile virtual network operator licenses. Applications for virtual telecommunications licenses in Saudi Arabia have been submitted by five companies, amongst them Virgin Mobile Middle East & Africa.
Kingdom Holding obtains refinancing for its Savoy Hotel purchase loan. In an announcement, Saudi Arabia's Kingdom Holding Co agreed to enter into a refinancing agreement on the debt it had used to purchase the Savoy Hotel in London.
In a move to help local Saudis, unused residential and military lands may be confiscated for that purpose.
SABIC makes job cuts and closes plants in Europe. Saudi Basic Industries Corp, currently the world's largest petrochemicals group is now reviewing its global expansion outlook.
The Dabbagh Group is preparing to buy out Gulf Oil from JV Petromin. The Dabbagh Group is the firm of the Saudi Arabian royal family that is now in discussion to buy out the stake of its Indian partner in a lubrican venture in Saudi Arabia.
