Saudi Pharmaceutical Industries and Medical Appliance Company (Spimaco) sold products worth SR477 million ($128 million) to the public and private sectors in 1999.
This figure constituted a decline of about 0.8 per cent compared to the sales in 1998. A report by the company said the sales to the Health Ministry dropped 17 per cent.
nar on animal breeding
The Riyadh Chamber of Commerce and Industry (RCCI) is currently studying the problems facing the animal breeding industry in the Kingdom, according to an RCCI official.
ral entrepreneurs have quit the industry because of mounting losses caused by the rising cost of cattlefeed.
The RCCI plans to organise a seminar on the subject from October 22 to 23.
Japanese eye green industry
Leading Japanese companies are keen to invest in the Kingdom's environment industry, according to officials of the Japan Cooperation Center for the Middle East (JCCME).
A delegation of Japanese trading houses, engineering firms and financial institutions recently visited Saudi Arabia to look for investment opportunities in solid waste administration and wastewater management.
EPCCI to diversify activity
The Eastern Province Chamber of Commerce and Industry (EPCCI) is planning to diversify its activities to increase income.
EPCCI president Khalid Al Zamil said despite a deficit of SR1.4 million ($378,400) in its operating budget, the chamber has provided excellent services and support to businessmen.
nt prices may fall
Surplus stocks and failure by some manufacturers to comply with a recent agreement on pricing have led to a sharp fall in cement prices in Saudi Arabia, say market sources.
es fell by about 20 per cent per bag to SR8.5, covering both ordinary and rust-resistant varieties, according to local reports.
Ibn Rushd in loan deal
Arabian Industrial Fibres Company (Ibn Rushd) has reached agreement with regional and international banks to reschedule its $850 million debt, bankers said.
"The agreement revised the terms, pricing and other aspects of the loan. The rescheduling is expected to be signed in the next few days," one banker said.
He said some of the banks involved in the rescheduling included Riyad Bank, Gulf International Bank, J P Morgan and the Industrial Bank of Japan.
