Business & Management

Saudi eyeing greater foreign investment

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Saudi Arabia has attracted nearly US$147 billion in foreign direct investment (FDI), Amr Al-Dabbagh, Governor of the Saudi Arabian General Investment Authority (SAGIA), said.

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Industrial exports in Lebanon rise to US$3.3 bn in 2010

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Lebanon's industrial exports increased by 8.26 per cent in 2010 to reach US$3.3 billion but the balance of trade deficit widened further.

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Drake & Scull International net profits rise 2010

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Drake & Scull International (DSI), reported net profit of US$4.1mn for the fiscal year ended December 31, 2010 and recorded US$503mn in revenue for the same period.

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SESCO sees an upturn in the market in 2011

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Saudi Electric Supply Company (SESCO) is looking to strengthen its presence in the GCC and the company’s general manager believes markets in the region will see an upturn this year.

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Jordan revises its 2011 budget plan

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Jordan revised its 2011 budget which saw state spending increase to US$8.9 billion to cover higher welfare costs.

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