- THE DETERMINANTS OF BANK PROFITABILITY OF A PETROLEUM ECONOMY: THE CASE OF SAUDI ARABIA*
Measured in terms of return on equity and return on total assets, Saudi commercial banks continue to generate some of the highest returns found among the financial institutions in the Gulf Cooperation Council (GCC) region and developed world. (Middle East Economics Digest 2002, p. 5). Third quarter 2003 results for ......
- Samba. after merger, posts record profits
HEADNOTE Saudi American Bank has consolidated its leadership in the Saudi financial-services market following a merger that has made it the third-largest bank in the Middle East. Saudi American Bank (Samba) celebrated its 20th anniversary in 2000 by consolidating its dominant role in Saudi Arabia's financial system, with record profits ......
- News in Brief
- Down in South Africa, the country's state-controlled and biggest mobile operator, Vodacom, has its own problems. It plans to take industry regulator ICASA to court after it denied the firm access to the higher capacity 1800MHz frequency. Vodacom's court plans are the latest in a complex web of legal ......
- SAUDI ARABIA - The Supreme Council of Petroleum and
Mineral Resources.
The Supreme Council of Petroleum and Mineral Resources, chaired by King Abdullah, was formed in early 2000. In early October 2000 then King Fahd decreed that the council take over the management of Saudi Aramco. King Fahd died on Aug. 1, 2005, and was succeeded by Abdullah who made his ......
- SAUDI ARABIA - The Ssangyong
Partnership.
Saudi Aramco's first move into East Asia was made in 1991, when it bought 35% in the Ssangyong Oil Refining Co. of South Korea for $400m. In the subsequent years, Ssangyong implemented a $1 bn expansion programme and now its refining capacity at Onsan is 525,000 b/d. Its oil storage ......
- International News
Saudi Aramco closes deal with Conoco; UK's BestWay enters fray.
- SAUDI ARABIA - The Power Sector.
Demand for electricity is to jump from 26,600 MW now to more than 60,000 MW by 2020. There is a shortage of power generation, in view of high demand, particularly during the long summer season in this hot desert country. There were power cuts during the last three summers, with ......