Jeddah / TNS The Kingdom ranked 33rd among 139 countries in the technology sector to be classified by the World Economic Forum as “top movers” in the field of information and communication technology. The Kingdom is trying to enter the club of top seven in the ICT world. The Ministry of Telecommunication and Information Technology said in a statement recently ...

  REUTERS Saudi Arabia’s National Commercial Bank (NCB), the kingdom’s listed largest lender, reported a 3.2 percent rise in second-quarter net profit on Sunday, at the low end of analysts’ forecasts. The bank made a net profit of 2.44 billion riyals ($665 million) in the three months to June 30, up from 2.36 billion riyals in the same period of ...

  REUTERS National Shipping Company of Saudi Arabia (Bahri) said on Sunday it signed a deal with Arab Petroleum Investments Corp. (APICORP) to launch a $1.5 billion investment fund that could buy up to 15 very large crude carriers (VLCCs). The fund will be seeded with $500 million on three occasions, subject to conditions, Bahri said in a bourse statement, ...