• SABIC backs ‘Olympics for Scientific Creativity’


     
     
    RIYADH – The Saudi Basic Industries Corporation (SABIC) was honored for its strategic sponsorship of the "National Olympics for Scientific Creativity," organized by King Abdulaziz and his Companions Foundation for Giftedness and Creativity and the Ministry of Education, …

  • Saudi Arabia OK’s $138m water, sewage contracts


     
     
    RIYADH – Saudi Minister of Water and Electricity Abdullah Al-Hussayen has signed 29 contracts worth SR519 million ($138 million) to implement water and sewage projects in various regions of the Kingdom. The contracts were part of the ministry’s …

  • Manila gets investment mark


     
     
    MANILA — The Philippines won its first investment-grade credit rating Wednesday in a move President Benigno Aquino hailed as proof his country was no longer Asia’s economic backwater.

    Fitch Ratings cited political and economic reforms by Aquino’s nearly …

  • Kuwait budget surplus soars on oil prices

    KUWAIT CITY – Kuwait posted a record provisional budget surplus of 17.2 billion dinars ($60.2 billion) in the first 10 months of the fiscal year on high oil price, government data showed Wednesday.

    The surplus up to the end of …

  • Demand for foreign currency remains high in Syria: Poll

     
     
    AMMAN – A pledge by Syria’s central bank on Sunday to take action to support the pound is already looking hollow, raising speculation the authorities may no longer be willing to burn up reserves defending the currency.

    The …

  • nasair CEO bags Best CEO award in KSA aviation sector


     
     
    The Chief Executive Officer of nasair Francois Bouteiller has been named by CEO Middle East Magazine the Best Chief Executive Officer in the aviation sector in Saudi Arabia for his distinctive direction and leadership of the company which …

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