Saudi to set up index fund for foreigners (AP via Yahoo! Finance)
The head of Saudi Arabia's market regulatory agency says the country will launch a stock market index fund by the end of March into which foreigners can invest.
Driving Miss Saudi (New York Times)
Young women in Riyadh try to balance Islam and modernity as the stunted desert kingdom makes progress in “Saudi Time.”
Saudi Bourse Plans to Start ETF in March, Eqtisadiya Reports (Bloomberg)
March 14 (Bloomberg) -- Saudi Arabia’s bourse plans to start its first exchange-traded fund at the end of March and will allow non-resident foreign investors to trade in it, al- Eqtisadiya reported, citing the head of the market regulator Abdulrahman al Tuwaijri.
Xtreme Coil Awarded Saudi Arabia Contract for Two Rigs (Marketwire)
CALGARY, ALBERTA--(Marketwire - March 14, 2010) - Xtreme Coil Drilling Corp. (TSX:XDC) ("Xtreme Coil", the "Company") announces entry into the Middle East following the award of a long-term contract for two XTC 200DTR(PLUS) drilling rigs to operate in the Kingdom of Saudi Arabia ("Saudi Arabia"). O
Saudi ex-Gitmo prisoners get suspended jail terms: report (AFP via Yahoo! News)
A Saudi court gave suspended prison sentences to 10 former Saudi Guantanamo detainees who had completed a rehabilitation programme, Al-Hayat newspaper reported on Saturday.
Mirwaiz welcomes Saudi mediation to improve Pak-India ties (Business Recorder)
ISLAMABAD : All Parties Hurriyat Conference leader Mirwaiz Umar Farooq has welcomed the statement made in Riyadh by India’s Minister of State for Foreign Affairs in which he said Saudi Arabia could be a ‘valuable interlocutor’ in improving ties between ....
Saudi stock regulator revokes E&Y licence (Gulf Times)
Zawya Dow Jones/Reuters/Dubai/Jeddah Saudi Arabia’s Capital Market Authority yesterday said it had revoked the securities business licence of Ernst & Young because of “several violations” of the kingdom’s capital market law and implementing regulations.
Saudi to launch index funds for foreigners-report (Reuters via Yahoo! Asia News)
RIYADH, March 14 (Reuters) - Saudi Arabia plans to launch stock market index funds accessible to foreigners by the end of March in a bid to open up the Arab world's biggest bourse, the market regulator's chief said in remarks published on Sunday.
(AFX UK Focus) 2010-03-14 15:01 Saudi needs to invest more in power, water-bank (Interactive Investor)
KHOBAR, Saudi Arabia, March 14 (Reuters) - Saudi Arabia needs to raise its investments in its power and water supply industries by a third to at least 1 trillion riyals ($266.7 billion) through 2025 to meet rising domestic demand, Banque Saudi Fransi said. Demand for water and power is growing around 8 percent annually in the most-populous Gulf Arab country of 25 million. The kingdom, which ...
Saudi Arabia to launch new stock index fund (MENAFN)
Saudi Arabia to launch new stock index fund