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AME Info, Abu Dhabi, United Arab Emirates Knight Ridder/Tribune Business News
Jan. 20--SABIC PROFITS SURGE 113PC: Saudi Basic Industries Corporation has announced that annual profits jumped by 113 per cent to USD3.8 billion in 2004, while Q4 profits stood at USD1.6 billion. Vice Chairman and CEO Mohamed Al-Mady said the record profits followed continuous focus on production, technology, costs and improved marketing and customer development.
ALWALEED BUYS LONDON SAVOY: Legendary Saudi investor Prince Alwaleed bin Talal and HBOS have bought the London Savoy Hotel from a group of Irish investors for an undisclosed sum, reported Bloomberg. Fairmont hotels …