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What are the Saudi tourists abroad doing?
Filed under NewsSep 3SO, what news of our tourists abroad? It has so happened that in recent times Ive had the chance to go to a fair few of the countries and cities popular with Saudi tourists, particularly in Europe, so, if youll permit me, Id like to offer you the following report on what they are getting up to in three popular locations in Europe.
In Paris:
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Asian factory growth outstrips EU
Filed under NewsSep 3Workers from Indonesias state utility firm PT Perusahaan Listrik Negara (PLN) maintain a power plant station in Jakarta on Wednesday. Indonesia is looking into infrastructure and green bonds, a senior advisor to the government said on Thursday, as the biggest economy in Southeast Asia is in need of billions of dollars for the sectors development. Indonesia will need $140 billion over the next five years in infrastructure development ranging from paving roads and highways to providing more power and water supplies nationwide. – AFP
LONDON/BEIJING – Manufacturing in China, India and Russia powered ahead in August while growth slowed in European factories, emphasizing a growing divide in the pace of recovery between the rich and emerging worlds.
Tagged as: Australia;, Beijing, blocs manufacturing sector overall expanding, Brazil, Britain;, chief economist, chief economist for China, China;, European Union;, France;, Germany;, HSBC, India;, Indonesia;, Italy;, Jakarta;, Japan, LONDON;, manufacturing, manufacturing sector, manufacturing surveys, PT Perusahaan Listrik Negara, Qu Hongbin, Reuters;, Russia;, senior advisor, Silvio Peruzzo, Southeast Asia;, Spain;, United States;, USD; -
Aramco Rowan ink contracts for two US Gulf rigs
Filed under NewsSep 3BANGALORE/NEW YORK – Rowan Cos Inc signed contracts with Saudi Aramco for two of its Gulf of Mexico-based rigs for higher dayrates, on track with its plans to move those rigs overseas, sending its shares up 9 percent.
In July, the offshore rig contractor said it was in talks to move two high-end shallow-water rigs out of the Gulf of Mexico due to demand elsewhere.
Tagged as: analyst, Bangalore;, Bob Palmer, cent, David Wilson, Gulf of Mexico, Gulf of Mexico-based, Howard Weil, LONDON;, manufacturing, MIddle East;, natural gas;, New York Stock Exchange, New York;, offshore rig contractor, oil prices;, oil;, Ralph Coffman, Rowan Cos Inc, Saudi Aramco, United States;, US-Gulf, USD; -
Sep 2
JEDDAH – Nabatt, an exhibition of over 130 works by 23 Saudi contemporary artists will be held from Sept. 11 to Oct. 31 in Shanghai sponsored by the Saudi Arabian Pavilion at Shanghai 2010, the King Abdulaziz Center for World Culture at Saudi Aramco and supported by the Saudi Ministry of Culture and Information.
The grand opening of the exhibition will be held on Sept. 10 at the Shanghai Duolun Museum of Modern Art, the first professional modern museum of contemporary art in China, which serves as a platform for the international exchange of contemporary art.
Tagged as: Abdulaziz Ashour, Abdullatif A. Al-Shaikh, Ahmad Al-Mayman, and cultural mediator, Arabian Peninsula, art consultant, artist, Asia;, Ayman Yossri Daydban, Aziz Dia, Bakr Shaykhoon, Bandar Al-Rumaih, British Museum, Brunei Gallery, China;, Cube Arts, curator, exhibition coordinator, Fahad Al-Gethami, Fahad Al-Hajailan, Farouk Kondakji, independent curator, JEDDAH, King Abdulaziz Center for World Culture, lecturer, LONDON;, Lulwah Al-Homoud, Maha Malluh, Mohammad Al-Ajlan, Mohammad Al-Ghamdi, Mohammad Farea, Mohammad Wasil, Mustapha Al-Arab, Nasser Al-Turki, Noha Al-Sharif, Princess, Raja Alem, Reem Al-Faisal, Saudi Arabia, Saudi Arabian Pavilion, Saudi Gazette, Saudi Ministry of Culture and Information, SEOUL, Shadia Alem, Shanghai, Shanghai Duolun Museum of Modern Art -
Saudi Bangla firms planning oil refinery JV
Filed under NewsAug 31DHAKA – Beximco, the largest private sector industrial conglomerate in Bangladesh, said it has set up a joint venture with a Saudi firm to invest nearly $1 billion for upgradation of Bangladeshs sole oil refinery.
“Beximco and Marasel Company of Saudi Arabia will jointly submit interest for funding an upgradation project of the Eastern Refinery Limited,” a statement from Beximco said.
Tagged as: Abdul Aziz Al-Saud, Bangladesh Petroleum Corporation, Bangladesh;, Beximco Ltd, Beximco Pharmaceuticals, Chittagong port, DHAKA, Eastern Refinery Limited, energy sector, energy;, local private airline, LONDON;, Marasel Company, oil refinery, oil;, pharmaceuticals, Prince, private bank, private sector industrial conglomerate, refinery JV DHAKA, Reuters;, Salman Bin Sultan Bin Abdul, Saudi Arabia, senior executive, senior official, USD; -
Saudi shares rally on oil Feds move
Filed under NewsAug 29JEDDAH – Saudi Arabian shares rose the most in a month, after US and European markets advanced and oil prices rallied on a pledge by Fed Chairman Ben S. Bernanke to maintain the US economic recovery.
The stock benchmark Tadawul All Share Index rose 0.9 percent to close at 6,055.54 points on Saturday, biggest gain since July 27.
Tagged as: Ajeej Capital, Al-Rajhi Bank;, Anas Kassem, bank;, Ben S. Bernanke, CAC 40, chairman, DAX 30, Dow 30, Etihad Etisalat Co., FTSE 100, investment analyst, JEDDAH, LONDON;, mobile phone operator, NASDAQ composite, Nikkei 225, oil prices;, oil;, Paris;, Riyadh, Saudi Basic Industries Corp.;, Saudi Electricity, traded lender, United States;, US Federal Reserve -
Aug 29
LONDON – Chinese investors are expected to replace Russian buyers as major players in the prime central London property market as the number of super-wealthy individuals continues to grow rapidly in the country, new research from CB Richard Ellis showed.
Buyers with foreign currency are still enjoying attractive discounts on prime central London property as Sterling continues to remain weak.
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Asian dollar Sukuk yield slumps
Filed under NewsAug 28KUALA LUMPUR – Yields on Asias dollar Islamic bonds have slumped to the lowest levels in three months relative to local-currency debt on evidence that the US economic recovery is flagging as growth accelerates across the region.
The difference between the yield on the Malaysian governments 3.928 percent five-year dollar Sukuk and the similar-maturity 3.86 percent ringgit Islamic note widened five basis points this month to 67, prices from Bursa Malaysia and Royal Bank of Scotland Group Plc show. The gap grew 52 basis points in July and reached 76 on Aug. 19, the most since the dollar bonds were sold in May.
Tagged as: Abdul Aziz Al-Hinai, analyst, Ben Eeh, Bloomberg, Bursa Malaysia, director general at the finance ministrys debt management office, Dubai;, Esther Teo, finance ministrys debt management office, head of the Islamic unit, Hj A Rahman, HSBC, HwangDBS Investment Management Bhd., Indonesia;, Islamic Development Bank, JPMorgan Chase & Co., Kuala Lumpur;, Kumpulan Wang Persaraan, LONDON;, Malaysia;, Malaysias government, Mohd Noor Hj, money manager, multilateral lender, MYR, NASDAQ Dubai Sukuk, Nasdaq Dubai US Dollar Sukuk, OSK-UOB Unit Trust Management Bhd., Rahmat Waluyanto, Royal Bank of Scotland Group PLC, Saudi Arabia, Southeast Asia;, United States;, USD;, vice president -
OPEC seen to cut exports
Filed under NewsAug 28LONDON – The Organization of Petroleum Exporting Countries will reduce crude shipments by 0.3 percent to the middle of next month as refiners cut imports while they conduct maintenance, tanker-tracker Oil Movements said.
OPEC, which supplies about 40 percent of the worlds crude oil, will ship 23.38 million barrels a day in the four weeks to Sept. 11, down from 23.45 million barrels a day in the month to Aug. 14, the Halifax, England-based consultant said on Friday in a report. The data exclude Ecuador and Angola.
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UK growth at 9-year high in Q2
Filed under NewsAug 28LONDON – Britains economy grew at its fastest pace for nine years in the second quarter, an unexpected revision to official data showed on Friday, but economists said a sharp slowdown was still on the cards.
Strong construction activity caused the Office for National Statistics to boost its initial estimate of 1.1 percent GDP growth for the three months to June to 1.2 percent, against expectations for an unchanged reading.
Tagged as: Europe;, LONDON;, Office for National Statistics, retail, Reuters;, Samuel Tombs, United Kingdom;, United States;


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