Business Blog

Specialized Marine Services Company (SMS), a joint venture between Ports Development Company and National Port Services, signed a murabaha and ijara financial loan agreement totaling SR121.5 million with Saudi Hollandi Bank (SHB).

* Crude oil prices fall further, Brent at near 4-year low* Dollar retreats on global growth concern, Fed views* Wall Street stocks tumble for third straight session(Updates to U.S. market close)By Rodrigo CamposNEW YORK, Oct 13 (Reuters) - Stocks on Wall Street tumbled in late selling on Monday as the technical picture soured for the S&P 500, while the U.S. dollar posted its worst day in a year af

* Crude oil prices continue to fall, Brent near 4-year low* Dollar retreats on global growth concern, Fed views* Trade data eases worries over China slowdown(Updates prices, adds comment)By Rodrigo CamposNEW YORK, Oct 13 (Reuters) - The U.S. dollar weakened on Monday after comments from Federal Reserve officials hinted that interest rate hikes could be delayed, lifting pressure off metals prices,

Strong economic growth across the GCC is boosting the Islamic banking assets and profit growth in the region, despite some margin compression experienced by the banking sector due to soft interest rate environment, according to global credit rating agency Standard & Poor's.

* Crude oil prices continue to fall, Brent near 4-year low* Dollar retreats on global growth concern, Fed views* Trade data eases worries over China slowdown(Updates prices, changes comment)By Rodrigo CamposNEW YORK, Oct 13 (Reuters) - The U.S. dollar weakened on Monday after comments from Federal Reserve officials drove views that interest rate hikes could be delayed, lifting pressure off metals

* Crude oil prices continue to fall * Dollar retreats broadly on global growth concern, Fed views * Trade data ease worries over China slowdown (Updates prices, changes dateline from previous LONDON) By Rodrigo Campos NEW YORK, Oct 13 (Reuters) - The...