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A sign marks the Microsoft office in Cambridge, Massachusetts, U.S. January 25, 2017. REUTERS/Brian Snyder – RTSXCIW
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A view of the headquarters of Saudi Basic Industries Corp (SABIC) in Riyadh January 20, 2009. REUTERS/Fahad Shadeed
Reducing Expenditures is Common among Saudi Companies
Riyadh – Saudi stock market companies continued to announce fiscal results of 2016 one after another. Saudi Basic Industries Corp (SABIC), one of the world’s largest petrochemicals groups, announced a 4.5% drop of net profit in 2016. Saudi Telecom Company...Caption:
Saudi Arabia Permits Four Telecom Companies to Extend Licenses’ Period
Riyadh- The Communications and Information Technology Commission (CITC) announced that four telecom companies were permitted to extend licenses’ period were unified licenses got issued for this purpose by virtue of the royal decree number 61534 dated 30/12/1437....Caption:
A pedestrian passes a Vodafone store on Oxford Street in central London, November 10, 2009. REUTERS/Kevin Coombs
Saudi Arabia Extends Zain License for 15 Years
Riyadh- In a remarkable step, the Capital Market Authority (CMA) announced on Sunday extending Zain Saudi Arabia’s license in the kingdom for 15 years, saying it would also take five percent of the firm’s annual net income. This is a notable step in the...Caption:
An HTC smartphone, right, and an Apple iPhone (Reuters/Nicky Loh/files)