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Saudi Networks Company and ARABSAT Signed an Agreement

Saudi Arabia : 06 March

The Saudi Networks Company signed an agreement with the Arab Satellite Telecommunications Organizations (ARABSAT) under which ARABSAT will provide two channels at the new ARAB satellite (5A) due to be launched next month to the Saudi Networks Company.

The new satellite will have coverage of Arab countries as well as African continent.

The Executive President of ARABSAT, Eng. Khalid Balkhuyour repeated the dedication of ARABSAT on providing outstanding services to its customers.

Andrew Reid, Staff Writer, Gulf Jobs Market News

06 March

Issue 2 Development Bonds

To repay two maturing bond issues this year, Muscat Oman, through the Central Bank of Oman, will probably propose 2 development bonds worth 1.15 billion Dirham, informed by CBO Executive President, Hamoud Bin Sangour Al Zadjali.
Hamoud Bin Sangour Al Zadjali said that due to maturity of two development bonds this year, there will be some [...]

04 March

20% Decrease in Incomes of Saudi Arabian Banks

Due to tight lending position prompted by international monetary crisis as well as debt non-payment by two local companies, Saudi Arabian banks suffered reduction of net income by over 20% in January.
Saudi Arabian Monetary Agency (Sama) informed that the net profits of the kingdom’s twelve commercial banks dropped from 3.58 billion Saudi Riyal in January, [...]

04 March

New Mobile Operator in Bahrain

A new company named “Viva Bahrain” has been launched by the Saudi Telecom Company (STC), to become the third mobile operator in Bahrain.
Muhammad Al-Jasser, Chairman of STC said the launching of the Saudi company signifies excellent relationship between Saudi Arabia and Bahrain.
Chief Executive Officer of the STC, Saud Al-Dawees said that the company is serving [...]

03 March

Expansion Plans of NEC in the Middle East

The NEC Corporation of Japan, an international provider of enterprise business solutions, broadband network and internet services, announced today that they plan to be to one of the top 3 retail solutions providers in the Middle East by 2012, according to a joint statement issued through NEC India Private Limited and its recently appointed associate, [...]