Saudi Arabia

In one of the biggest developments in the Gulf region's soft drinks industry for many years, Coca-Cola has reached an agreement to buy a 50% stake in Saudi Arabia's Aujan, one of the... 2011-12-14

FRiENDi Mobile, a leading mobile virtual network operator (MVNO) in the Middle East and North Africa (MENA), plans to launch an IPO in 18 to 24 months as well as win another four to... 2011-12-08

CFW View: We like Julphar's regional strategy, especially its diversified product portfolio with sales across the Middle East and North Africa (MENA). Their joint venture with Cigalah... 2011-11-24

The purchase of a 25% stake in Zain Saudi Arabia has failed to materialise, with the consortium of bidders pulling out as proposed terms were not met. The sale of the unit, part of... 2011-09-29

The development of a rail network in Saudi Arabia to cater for passengers and freight is continuing apace. A new partnership has been formed between two companies to bid for further... 2011-08-11

Fixed-line provider Atheeb Telecom has announced plans to raise capital through a rights issue. The company offers voice and data services over a WiMAX network but has reported mounting... 2011-08-09

Saudi Arabian alternative fixed-line and broadband operator Saudi Integrated Telecommunications Company (SITC) raised almost treble the amount it was expecting to receive from its long-awaited... 2011-05-12

BMI View: Drake & Scull International (DSI) has embarked on an acquisition strategy which has seen the company diversify outside its domestic market - the UAE. Following the Dubai... 2011-04-14

Etisalat, the UAE's leading integrated telecoms services provider, said on March 20 2011 that it is dropping six month long, US$12bn bid to acquire a 46% stake in Kuwait-based Zain... 2011-03-22

The board of Kuwait-based Zain Group has accepted a non-binding joint offer from Bahraini incumbent operator Batelco and Saudi investment firm Kingdom Holding to acquire its 25% stake... 2011-03-14