• Tasnee seeks SR4b syndicated loan

    Sultan Al-Sughair
    Saudi Gazette

    JUBAIL – The National Industrialization Company (Tasnee) is approaching Saudi banks to raise a SR4 billion eight-year loan deal to finance investments in its subsidiaries. A local banker said that Tasnee launched the deal on May …

  • Trend Micro, Interpol form alliance against cybercrime

    JEDDAH – Trend Micro Inc. a global leader in security software and solutions, announced Monday its collaboration with Interpol to support global law enforcement programs against cybercrime.

    Today’s cyber threats are becoming increasingly more targeted and sophisticated with criminal networks …

  • Oil swells on Egypt concern

    NEW YORK – The price of oil briefly rose above $98 a barrel Monday on concerns about protests in Egypt and their possible effect on Middle East oil supplies. Also, a report showing a pickup in US manufacturing offset data …

  • Saudi foreign assets growth set to slow

    RIYADH – Saudi Arabia’s foreign assets are forecast to grow at a slower pace in the coming months after a rapid increase through 2012 mainly because of lower oil prices and infrastructure development spending.

    A study by Jadwa Investments put …

  • CGM launches new website amid vibrant KSA healthcare

    RIYADH – Addressing the growing need for specialized and localized services, CompuGroup Medical (CGM) has recently launched a new website as part of CGM’s expansion strategy in Saudi Arabia. The new website www.cgm.com/sa aims to provide clients and partners better …

  • Alfanar bags SR1.5b projects in H1


    Sabah Al Mutlaq (second from left), Vice Chairman of Alfanar Construction, and Ali Al Barrak, CEO of Saudi Electricity Company, sign the contract in the presence of Abdullah Al-Hamad (left), President, Alfanar Construction, and other officials.

    Alfanar Construction, a leading …

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