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Credit Suisse raises stake in Saudi unit

ZURICH: Credit Suisse said yesterday it had taken a majority stake in its joint venture Saudi Swiss Securities, to be renamed Credit Suisse Saudi Arabia, and will offer a full range of services to Saudi clients.

Credit Suisse to Expand Operations in Saudi Arabia

ZURICH, (Reuters) - Credit Suisse said on Monday it had taken a majority stake in its joint venture Saudi Swiss Securities, to be renamed Credit Suisse Saudi Arabia, and will offer a full range of services to Saudi clients.

Cisco Under Scrutiny for Its Role in Saudi Surveillance

I recently finished writing a story on Net censorship in Saudi Arabia, as part of a larger package on Cisco’s ambitions in the world’s emerging markets. Throughout the process, my editor Peter Elstrom and I struggled with how to explain the link, if any, between what Cisco sells and what the Saudi Arabian government does. Cisco has always maintained that it just sells the routers—that what each customer chooses to do with them is their own business. I have a hard time with this explanation, if only because Cisco’s strategy in emerging markets is all about selling the e-services that make those routers useful. For example, it has designed a massive 250,000-camera surveillance system that will likely be deployed in the vast King Abdullah Economic City that is now under construction in Saudi Arabia.

Saudi bank boss tries to calm fears

SAUDI ARABIA. Saudi Arabia’s central bank yesterday moved to ease worries about the economy, saying no banks faced liquidity problems and the stock market rout was due to fear, not fundamentals.

UK, Saudi universities in pact on nanotechnology

SAUDI ARABIA. A British university has entered into a research collaboration with a Saudi Arabian institution.

Still struggling with religious taboos, Saudi art scene grows

RIYADH, Saudi Arabia - Saudis and foreigners crowded into a gallery at the French Embassy, checking out the paintings and sculptures of seven Saudi women artists, the latest opening in a growing art scene in the conservative kingdom.

Still struggling with religious taboos, Saudi art scene grows

RIYADH, Saudi Arabia - Saudis and foreigners crowded into a gallery at the French Embassy, checking out the paintings and sculptures of seven Saudi women artists, the latest opening in a growing art scene in the conservative kingdom.

Credit Suisse increases Gulf focus with Saudi Arabia deal

Credit Suisse has expanded its presence in Saudi Arabia after announcing it has taken a majority holding in their joint venture, Saudi Swiss Securities.

Credit Suisse Expands Its Business in Saudi Arabia

Credit Suisse announced Monday that it had acquired majority ownership of Saudi Swiss Securities, which will be renamed Credit Suisse Saudi Arabia.

Cisco Needs To Step Up To Reduce Net Censorship, Says Net Freedom Advocate

I recently finished writing a story on Net censorship in Saudi Arabia, as part of a larger package on Cisco’s ambitions in the world’s emerging markets. Throughout the process, my editor Peter Elstrom and I struggled with how to explain the link, if any, between what Cisco sells and what the Saudi Arabian government does. Cisco has always maintained that it just sells the routers—that what each customer chooses to do with them is their own business. I have a hard time with this explanation, if only because Cisco’s strategy in emerging markets is all about selling the e-services that make those routers useful. For example, it has designed a massive 250,000-camera surveillance system that will likely be deployed in the vast King Abdullah Economic City that is now under construction in Saudi Arabia.

Saudi c.bank cuts rates again to boost liquidity

RIYADH: Saudi Arabia's central bank slashed its benchmark lending rate by 100 basis points on Sunday, the second reduction in a month to keep credit markets moving and boost domestic liquidity after inflation receded.

Saudi central bank cuts key interest rate to boost liquidity

CAIRO, Egypt - Saudi Arabia's central bank Sunday cut its key interest rate by one percentage point, and reduced banks' cash reserve requirements in steps aimed at boosting liquidity during the global credit crisis.

Saudi prince increasing stake in Citigroup

NEW YORK - Saudi Prince Alwaleed bin Talal said Thursday he plans to increase his stake in Citigroup Inc. to five per cent, and expressed support of the bank's management.

Saudi c.bank cuts rates again to boost liquidity

RIYADH, Nov 23 - Saudi Arabia's central bank slashed its benchmark lending rate by 100 basis points on Sunday, the second reduction in a month to keep credit markets moving and boost domestic liquidity after inflation receded.

Saudi bank credit growth poised for slowdown

Credit growth in Saudi Arabia, which tripled in the last year, was likely to slow down, a top central banker said on Sunday, as private investors rethink borrowing plans during the global financial crisis.

Saudi c.bank confirms repo, reserve requirment cuts

RIYADH, Nov 23 (Reuters) - Saudi Arabia's central bank said on Sunday it slashed its benchmark repurchase rate by 100 basis points and reduced bank reserve requirements to boost domestic liquidity.

Saudi Arabia has ample warchest for spending - c.bank

DUBAI, Nov 16 (Reuters) - Saudi Arabia, which unveiled plans to launch a $400 billion development program, has ample funds for more investment spending over the next few years despite global financial turmoil, a central banker said on Sunday.

Saudi Arabia- Petrochem, banking sectors dent TASI

(MENAFN - Arab News) Saudi shares fluctuated last week in thin trading in response to ups and downs at world markets and the sharp decline in oil prices.

Saudi Prince Ups Ante In Citigroup to 5% As Shares Slump

The Wall Street Journal reported today that Saudi Prince Al-Waleed bin Talal will increase his holdings in Citigroup to 5% from his current level of less than 4% and said Al-Waleed supports Citi's management.

Saudi University Orders FEI Equipment for New Nanoscience Facility

FEI Company, a manufacturer of high-resolution imaging and analysis systems, today announced that King Abdullah University of Science and Technology of Saudi Arabia has ordered multiple FEI systems as part of its plan to build an international, graduate-level research university dedicated to inspiring a new age of scientific achievement. The order includes Titan

Breeders in Saudi Arabia hold first beauty pageant for locally raised sheep

BANBAN, Saudi Arabia - The contestants scampered down the runway, bleating at their admirers. Poets sang their praises in verse as the male-only audience appraised the competitors' physical beauty, right down to the length of their necks.

UPDATE 1-Saudi c.bank cuts rates again to boost liquidity

RIYADH, Nov 23 (Reuters) - Saudi Arabia's central bank slashed its benchmark lending rate by 100 basis points on Sunday, the second reduction in a month to keep credit markets moving and boost domestic liquidity after inflation receded.

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