Business
Saudi Arabia
RIYADH, Sept 21- The Saudi government is lifting a ban on calls made through online apps such as Skype and WhatsApp on Thursday as part of its economic reforms, but a spokesman said it will monitor and censor such calls. All online voice and video call services- such as Microsoft's Skype, Facebook's WhatsApp and Messenger, and Rakuten's Viber- that satisfy the...
*Qatar up for third straight day. *UAE, Egypt, Kuwait, Bahrain shut for Islamic New Year. DUBAI, Sept 21- An overnight rise in crude oil prices to a fresh five-month peak helped to push the Riyadh stock index slightly higher on Thursday while Qatar secured its third straight day of gains.
*Saudi also making efforts to grow China market share. BEIJING/ MOSCOW, Sept 21- Chinese oil refineries are gearing up to receive more Russian oil transported through an expanded Siberian pipeline network from January, likely cementing Russia's position as China's largest oil supplier in a close race with Saudi Arabia. The planned ramp-up in pipeline supplies...
RIYADH, Sept 20- Saudi Arabia will lift a ban on internet phone calls, a government spokesman said, part of efforts to attract more business to the country. All online voice and video call services such as Microsoft's Skype and Facebook's WhatsApp that satisfy regulatory requirements will become accessible at midnight, Adel Abu Hameed, spokesman for the...
DUBAI, Sept 19- The Toronto Stock Exchange, which is vying to host Saudi Aramco's overseas listing, is exploring partnerships with bourses in the Gulf to help it tap into energy privatisations there. The exchange, the global leader for oil and gas listings, expects that such collaborations would encourage parallel listings of Middle East companies, said Monica...
Ivanka wants to help women entrepreneurs in emerging countries through the We-Fi fund, but President Trump is championing nationalism.
According to Qatar's economy and trade minister, the state's finances are faring "better than ever."
FALLS CHURCH, Va.— Northrop Grumman is buying Orbital ATK for about $7.8 billion, with a backdrop of rising global tensions accelerating big deals in the defense sector. The U.S. military on Monday flew advanced bombers and stealth jets over the Korean Peninsula and near Japan, three days after North Korea fired a missile over Japan. Orbital ATK shareholders will...
Snap was asked by Saudi Arabia to remove the Al Jazeera Discover Publisher Channel in that country because it violated local laws.
Saudi activists have circulated lists of 30 or more people they say have been detained, N.Y. Times reports.
Qatar has the resources to adapt to a diplomatic spat that snapped ties with key Gulf countries led by Saudi Arabia and may find new opportunities, says Ali Ahmed Al-Kuwari, CEO of Qatar National Bank.
Countries that started a regional blockade against Qatar are actually dependent on trade with the gas-rich state, Qatar National Bank said.
*Sukuk holders propose settlement to Dana Gas. *Orascom Construction up after JV signs $320 mln deal. DUBAI, Sept 14- Telecommunications shares weighed on the Saudi Arabian stock market on Thursday after authorities moved to remove the ban on voice and video calls over the Internet, while Qatar continued to fall as foreign buyers intensified their selling.
Sept 14- Saudi Aramco's planned initial public offering remains on track, the company said on Thursday, after Bloomberg reported that the oil company is preparing contingency plans for a possible delay by a few months into 2019.. Saudi authorities are aiming to list up to 5 percent of the world's largest oil producer on both the Saudi stock exchange in Riyadh, the...
*Plans to expand in Europe and Gulf. ABU DHABI, Sept 14- NMC Health, the United Arab Emirates- based healthcare provider, plans to expand in Europe and the Gulf to retain its recently won place in London's FTSE 100 blue chip index. Manghat said that NMC, which listed in London in 2012, would strengthen its position with further investment, using $500 million in cash and...
LONDON, Sept 14- Disappointing Chinese data weighed on emerging market assets on Thursday, capping stocks and dragging on some currencies, while Turkey's lira touched a two-week low ahead of a central bank rate decision. Bourses across Asia painted a mixed picture with China mainland stocks and Hong Kong down 0.4 percent in the wake of China's rare data miss.
Saudi Aramco's planned IPO may be delayed from late 2018 to sometime in 2019, but such date changes are not unexpected from such a complex offering, says Matt Smith, director of Commodity Research, Clipper Data.
Sept 13- Saudi Arabia is preparing contingency plans for a possible delay to the planned initial public share offering of Saudi Aramco by a few months into 2019, Bloomberg reported on Wednesday, citing people familiar with the matter. The government is still aiming for the IPO of the state-owned oil giant in the second half of 2018, but that timetable is...
*Dana Gas buoyant again in Abu Dhabi. *Egypt's El Sewedy Electric up on new contracts, dividend. DUBAI, Sept 13- Shares of Saudi Arabia's top food producers, Savola and Almarai, fell on Wednesday after Savola said it was selling a small stake in the dairy maker, while Qatar's bourse closed at a 52- month low as foreign funds continued to exit.
*Kingdom Holding rises on news of deal. DUBAI, Sept 12- Qatar's stock market slid to a 52- month closing low on Tuesday as foreign investors sold, while Banque Saudi Fransi fell in Riyadh after France's Credit Agricole agreed to sell a 16.2 percent stake in it to local investor Kingdom Holding. Qatar's economy has been hit by an embargo imposed in June by...
