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Saudi Arabia: Middle East
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Recent oil price increases have triggered a second oil boom, pushing Saudi Arabia's budget surplus to $28 billion (110SR billion) in 2005. Tadawul (the Saudi stock market Index) finished 2004 with a massive 76.23% to close at 4437.58 points. Market capitalization was up 110.14% from a year earlier to stand at $157.3 billion (589.93SR billion), which makes it the biggest stock market in the Middle East.
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"This agreement is the result of a successful partnership with Saudi Arabian Airlines in bringing the best products and services to one of the leading companies in the Middle East," said Essam Enany, president, SAP Arabia. "It highlights our company's efforts to extend its offerings by expanding its products and services to further develop the SAP market in the Middle East."
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Canadian firm Research in Motion (RIM), which produces the BlackBerry, signed the deal yesterday in Saudi Arabia with Mobily. RIM is working with Middle East partner EMS, a Dubai-based mobile systems integration firm.
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Each country of the Middle East can be very different than the next, so go prepared and have a great time in Saudi Arabia. Map Town carries an excellent selection of maps for the whole region and each individual country.
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