Infrastructure and construction major LarsenBSE 2.23 % & Toubro has surged nearly 10 per cent so far in March 2013, after brokerages upgraded the stock to 'buy'. The stock was beaten down badly in the recent past on concerns of slowdown on global economic activity and margins concerns.
Four Seasons Hotel Riyadh at Kingdom Centre has been recognized as the number one hotel in Riyadh for the Luxury, Best Service and Top Hotel categories in TripAdvisor's 2013 Travelers' Choice awards, the site's largest Travelers' Choice campaign to date with millions of reviews submitted for more than 600,000 hotels around the world.
Four international consortia have prequalified for a contract to build a metro network in Riyadh, the High Commission for the Development of Arriyadh announced on August 1. Bids were submitted by a total of 38 consortia.