"Saudi Arabia is open to business and is welcoming international business activities in terms of investments, partnerships and technology supply", said Mr. Abdallah Y. Mouallimi during a breakfast session at TiE Nordic PE Congress 2009. He further added that the Gulf Cooperation Council (“GCC”) generates GDP output of cUS$800 bill

Profitability in the Saudi banking sector is now at a cyclical low with expectations of increased momentum in 2010 and 2011 as per a report on the sector by Deutsche Bank. The report suggests that net income margins are close to bottom and banks will improve margins as they switch into riskier and longer-dated assets.

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The Privatization Commission (PC) of Pakistan in association with JP Morgan is in discussions with the investors from the Middle East to divest government stakes in the country's largest lender and biggest oil and gas producer reported Mr. Sarmad Khan of The National. The central aim is to reduce the debt burden of the country which currently

Saudi Arabia's retail sector is predicted to grow by 21% with sales rising from c. $76 billion in 2008 to $97 billion by 2013 as per Business Monitor International's fourth quarter retail report on the Kingdom. The growth is fuelled by strong unde

Saudi Arabia's budget released on the 14^th of December projects a 14% increase in government expenditure next year to a record level of SR540 billion (US$144 billion) according to a report by Banque Saudi Fransi. The intention is to stimulate the economy with particular emphasis on education and infrastructure which are budgeted to rise by 13% and 30% respectively.