Saudi Arabia
September 17, 2003
Saudis have come under fresh scrutiny lately by US and European investigators in Riyadh and in Israel for their political and financial support of the
Iraq's external debt is estimated between $100 and $120 billion, according to US Under Secretary for International Affairs, John Taylor. Paris Club members are owed roughly $40 billion, $21 billion in
Ahli United Bank has been named Bank of the Year in Bahrain by the Banker, a publication of the Financial Times. AUB's strong performance in 2002 and its successful ongoing expansion strategy were ke
Key shareholder in Lebanon’s Bank Al-Madina Ibrahim Abu Ayash has been arrested on account of involvement in a large-scale embezzlement scam. The scandal was disclosed this past July when Al-Madina ow
Bahrain Monetary Agency records show that 29 Bahrain-incorporated commercial, investment and offshore banks, both conventional and Islamic, posted profits of approximately $377 million for the first-h
September 16, 2003
Reliable Gulf-based sources have informed <i>Albawaba</i> that a significant number of those who died in Monday's Al-Hair prison fire, if not the majo
Magrabi Eye and Ear Centers have opened their latest branch in Dubai today, taking the total of Magrabi Eye and Ear locations in the Gulf Cooperation Council (GCC) and Egypt to 28. The Dubai Center i
Al-Montazahah Company, the owning company of the Equestrian Club of Jeddah, has appointed Hyatt International as Manager of the Equestrian Club including the Park Hyatt Jeddah. The Construction of the
Samsung Electronics aims to increase its revenues by 48 percent in the Middle East with the launch of its Twister System vacuum cleaners. Samsung further aspires to strengthen its leadership position
CHC Helicopters International has been awarded a two-year contract extension with the Kuwait Gulf Oil Company and Aramco Gulf Operations Company for the provision of one Bell 212 helicopter to be base
Oil prices are being kept stable during crises like the Iraq war thanks to the spare capacity maintained by OPEC producers, most notable Saudi Arabia, Kuwait and the UAE, said BP Middle East Economist
The Dubai Department of Economic Development in co-ordination with the Trade Commission at the Spanish Embassy has issued a cautionary statement warning people against dealing with spurious United Ara
September 15, 2003
Sixty-seven inmates died and twenty were injured Monday in a fire at the Al-Hair prison, which is the Saudi Kingdom's largest prison, situated on the
The Israeli government has not adopted a formal decision to kill Palestinian leader Yasser Arafat, Foreign Minister Silvan Shalom said Monday, in an a
A Pakistani man was beheaded in Riyadh on Monday after being convicted of smuggling heroin into Saudi Arabia, said a statement released by the Interio