Middle-east Arab News Opinion | Asharq Al-awsat

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File photo of Mohamed Alabbar, chairman of Emaar Properties PJSC, speaking during opening the ”Erbil Downtown” project in Arbil, the capital of Iraq’s autonomous Kurdistan region, about 350 km north of Baghdad, October 27 2013. REUTERS/Azad Lashkari

Public Investment Fund to Invest in Kuwait Food Co. Americana

by Asharq Al-Awsat | Nov 29, 2016 | Business

Riyadh- Saudi Public Investment Fund (PIF) plans to buy a 50% stake in Adeptio AD Holdings SPC Ltd. from Emirati businessman Mohamed Alabbar. According to the PIF, Adeptio acquired earlier 67% of Kuwait Food Co (Americana). “Following the acquisition of this...

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An investor monitors a screen displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia January 18, 2016. REUTERS/Faisal Al Nasser

Saudi Insurance Sector Earnings Jump to 100%

by Shuja Al-Baqmi | Nov 3, 2016 | Business

Riyadh – Over the last nine months, earnings of Saudi insurance companies have increased 100% in comparison to last year. The insurance sector is expected to be one of the most important sectors participating in the growth of the domestic economy, and consequently the...

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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

by Shuja Al-Baqmi | Oct 3, 2016 | Business

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...

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A shadow of a passerby is reflected on an electronic board displaying stock prices

Saudi Companies Seven Months apart from Liquidation

by Shuja Al-Baqmi | Sep 19, 2016 | Business

Riyadh- Saudi companies whose losses exceed 50% of their capital now have seven months only before being completely liquefied. Administrations of these companies are taking serious steps to enhance their financial conditions. Asharq al-Awsat newspaper was informed...

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A trader points up at a display on the floor of the New York Stock Exchange in this August 20, 2012, file photo. REUTERS/Brendan McDermid

Foreign Investors Show Interest in Saudi Shares Market after Ease of Restrictions

by Shuja Al-Baqmi | Aug 29, 2016 | Business

Riyadh- Some foreign investors have expressed interest in investing in the Saudi shares market after relaxing the restrictions and setting new rules for the market that will become effective soon. The rise of foreign investors’ requests is estimated as 100% in August...