5.6 MILLIONS, IS THE SAUDI ARABIAN LABOR FORCE!

The Ministry of Economy and Planning said that the Saudi labor force reached 5.6 million workers in 2014; 4.4 million of them are males approximately 79%, while female workers reached 21 percent of the labor force in the Kingdom. According to the annual report for 2014 published by the Saudi Arabian newspaper Al-Youm, that ministry […]

DECLINES IN THE GULF STOCK MARKET AFTER RELUCTANCE OF INVESTORS TO PARTICIPATE IN RAMADAN

The Gulf stock markets witnessed a decline on Thursday’s session despite the high oil prices due to reluctance of some local individual investors to participate in with the beginning of Ramadan. The main index of the Saudi market declined by 0.4 percent and Al Rajhi Bank stock has declined by one percent, causing a huge pressure on […]

SAUDI BANKS RECORDED 3 BILLION DOLLARS PROFITS IN THE FIRST QUARTER OF THIS YEAR ACCORDING TO ANADOLU AGENCY STATISTICS

In a new statistical carried out by Anadolu Agency, Saudi banks profits rose by 5% from last year. total profits of Saudi banks recorded about 12 billion Riyals (About 3 Billion Dollars). Saudi Hollandi Bank and Arab National Bank has finally declare the final profit making number of Saudi banks registered in the stock exchange, […]

DO YOU NEED A CORPORATE BANK ACCOUNT?

Question: Do I need a corporate bank account? Answer: Yes. Opening a corporate bank account is one of the first things you should do when starting a business. A corporate bank account is crucial for keeping your business and personal expenses and income separate and getting your new business’s record keeping off to a good start. Business Credibility Having […]

OIL SOURCES: CONTRACTUAL DISAGREEMENTS BETWEEN ARAMCO AND KOREAN COMPANY POSTPONE THE ESTABLISHMENT OF JAZAN REFINERY

Sources in oil industry sector said that contractual differences between Saudi Aramco and Korean SK for Engineering & Construction led to the postponement of the establishment of an oil refinery with capacity of 400 thousand barrels per day in Jazan. The sources said in Saudi Arabia that despite the controversy that revolves around compensation claims […]

DECLINES IN THE GULF STOCK MARKET AFTER RELUCTANCE OF INVESTORS TO PARTICIPATE IN RAMADAN

The Gulf stock markets witnessed a decline on Thursday’s session despite the high oil prices due to reluctance of some local individual investors to participate in with the beginning of Ramadan. The main index of the Saudi market declined by 0.4 percent and Al Rajhi Bank stock has declined by one percent, causing a huge pressure on […]

33% INCREASE IN PROFITS OF COMMERCIAL BANK OF KUWAIT !

According to statistics published in Al-maal economical newspaper; Quarterly earnings of Commercial Bank of Kuwait (CBK) increased by 33% compared to the same period last year, recording 13.3 Million Dinar, what equals about 25.36 Million Dollar. And according to the statement which Al-maal newspaper received a copy of it, operating profits of the bank reached 53 Million Dinar in an […]

SAUDI ARABIA’S STOCK LOSES 12 BILLION DOLLARS IN ONE WEEK!

Compared to last week, their’s an obvious declining in Saudi Arabia’s stock market this week due to the  renewal negative impact of falling in oil prices, moreover the reluctance of some consumers from buying shares fearing of loss. By the middle of the week,the prices of the shares went higher due to the improvements in […]