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أدوات الموضوع | التقييم: | انواع عرض الموضوع |
#31
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Sauid Telecom selects JDSU monitoring solution
Saudi Telecom has selected US firm JDSU to provide a comprehensive IPTV end-to-end service assurance solution, giving STC the ability to detect and resolve service and network quality issues for its IPTV service 'InVision'. The solution selected is comprised of several products and services and consolidates all troubleshooting software and hardware elements, and offers an efficient view of key performance indicators (KPIs) to identify issues throughout the entire network. Source: Ame Info
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#32
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Alhokair to sell Burberry products in Saudi Arabia
An agreement has been signed by Saudi-based retailer Fawaz Abdulaziz Alhokair Co and Burberry to set up a joint venture to market and sell the British luxury good group's products, Reuters has reported. According to the deal, Alhokair will hold a 40% stake in the Riyadh-based company which is to sell Burberry goods in Saudi Arabia. Source: Reuters
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#33
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Saudi Arabia ups guarantee on loans to small firms
Saudi Arabia's government has raised its guarantee to banks offering loans to small and medium sized enterprises (SME) in a bid to increase funding to entrepreneurs. Dr Ibrahim Al Assaf, the Minister of Finance, has announced that the guarantee for SME loans will rise to 80 percent to the maximum of SR1.6m for a single enterprise. The maximum limit of total guarantees of sole proprietorships has also increased to SR5m, and for companies to SR10m. Al Assaf added that the definition of SMEs had also changed to a company whose annual sales do not exceed SR30m, instead of SR20m previously. The Finance Guarantee Programme (FGP) is one of the Saudi government's initiatives to support SMEs, the minister said, adding that they played a "pivotal role" in the economy. "Funding problems along with risk guarantee (a tangible security) are the most prominent obstacles in the face of SMEs progress," he said, adding that the changes would ease the problem. "Moreover, the Credit Guarantee Programme is one of the solutions which will contribute in prompting banks to provide credit facilities for a broader-spectrum of the economically viable enterprises to play their role in the national economy," he added. Source: Arabian Business
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#34
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UAE luxury watch market grows, Saudi slumps in Feb
The UAE was the eighth biggest market in the world for luxury Swiss made watches in February, according to the latest industry data. Figures released by the Federation of the Swiss Watch Industry, the country imported watches valued at 63.3 Swiss francs ($69.4m), up nearly five percent on the same month in 2010. Other Gulf nations also figured in the top 30 importers of Swiss watches last month although Saudi Arabia, ranked 15th, saw an 11.6 percent decline in the value of imports compared to last year. Qatar also saw imports slump last month with 15.2m Swiss francs worth of imports, more than 28 percent down on the same month last year. By contrast, both Oman and Kuwait saw Swiss watch imports rocket. The value of imports to Oman rose 271 percent to 8.7m Swiss francs while Kuwait imported watches worth 5.7m Swiss francs, a rise of 104 percent. Throughout the Middle East, the number of Swiss watches imported rose by more than 38 percent to nearly 248,000 units in February, the Federation data said. The largest market for Swiss watches in February was Hong Kong which was worth 273m Swiss francs, up 20.2 percent on the same month last year. Analysts have said some Middle East markets could be hit by lower tourist numbers in the wake of recent unrest. But in comments published by newswire Dow Jones, Swatch Group executive Walter von Kaenel, who is also president of Longines, said the UAE and Saudi Arabia were key markets for the company. "If I look at the figures this year, we have never had such a good February in Dubai as we had," he said. Saudi Arabia is a domestic market little affected by tourism and had a good start to the year, while Dubai had received a lot of Chinese and Russian tourists, he added. Source: Arabian Business
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#35
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Saudi consultative council resumes debate on draft mortgage law
Saudi Arabia’s Shoura Council started a fresh debate on a draft mortgage law on Sunday, according to a member of the consultative body. Saad Mariq, deputy chairman of the council’s financial committee, said in a phone interview he didn’t know how long it might take for the council to approve the law. The law, originally submitted about two years ago, aims to bring private lenders into the market by adopting a clearer set of rules. Saudi Arabia, the world’s largest oil exporter, needs 900 new houses a day completed over the next five years, according to a Jones Lang LaSalle report released on Sunday. Saudi King Abdullah must approve the mortgage law if it’s passed by the council. The king on March 18 ordered the construction of 500,000 houses for Saudis at a cost of SR250b ($67bn). The Saudi monarch also raised the value of mortgages provided to nationals by the country’s Real Estate Development Fund to SR500,000 from SR300,000. Source: Bloomberg
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#36
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Saudi Investment Bank hikes capital to $ 1.5 bn
Saudi Investment Bank said on Sunday it plans to increase its capital by 22 percent to SR 5.5bn ($1.5bn) by issuing 1 free share for each 4.5 shares. "This will involve the transfer of 1 billion riyals from the leftover profits as of 31, December, 2010," the firm said in a bourse statement on Sunday. In separate statements on Sunday, the Capital Market Authority (CMA) said it had added the bank's new shares, adding one share for each 4.5 shares, and that it will adjust the bank's share price to SR 20.15. Source: Reuters
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#37
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Saudi's Alhokair sings JV deal with British label Burberry
Fawaz Abdulaziz Alhokair & Co, the Saudi retail conglomerate, has established a joint venture with luxury British fashion label Burberry to sell its branded products in the kingdom. Alhokair will hold a 40 percent stake in the company, the retail firm said in a statement to the Saudi bourse Saturday. The value of the deal was not disclosed. Alhokair last year sold the Middle East franchise rights to the Fitness First chain of health clubs to UAE-based Landmark Group for an undisclosed sum. Source: Reuters
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#38
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Societe Generale give license to operate in Saudi Arabia
Saudi Arabia's Capital Market Authority (CMA) has granted Societe Generale Saudi Arabia, a subsidiary of Societe Generale, a license to operate in the kingdom, Saudi Gazette has reported. The subsidiary will initially focus on the development of corporate and investment banking activities. The license will allow the subsidiary to deal with all instruments defined as securities by the CMA. Source: Saudi Gazette
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#39
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Saudi to set up research centres at universities
Saudi higher education minister Khaled Al-Anqari has announced the approval of a number of research centres in various Saudi universities, Arab News has reported. The new research centres are to be set up at the colleges of sciences, medicine and engineering at Imam Muhammad bin Saud Islamic University in Riyadh and the college of dentistry, an institute of studies and consultancy services at Taiba University, a training and legal consultancy centre and a criminal studies centre at the colleges of law and political science at King Saud University. Source: Arab News
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#40
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Saudi hotel open new wing
Al Faisaliah Hotel, A Rosewood Hotel, owned by Saudi-based Al Khozama Management Co (AKMC), has announced the opening of its new South Wing. The $50m Al Faisaliah Hotel - South adds 106 deluxe rooms and suites, La Cucina restaurant and a ladies-only spa and a wellness centre slated to open later this year. Source: Ame Info
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