Monday 25 July 2016
 
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Saudi Arabia

Mobily launches new submarine cable

Etihad Etisalat (Mobily), a leading telecom service provider in Saudi Arabia, has announced the success of dropping a high-capacity submarine cable (Asia - Africa - Europe - I) in Jeddah. The 25,000 km cable will connect Far East

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US warns of potential threat to citizens in Jeddah

The US Embassy in Saudi Arabia said on Thursday it had received reports of a "potential, imminent threat" against US citizens in areas of the city of Jeddah frequented by Westerners. The notice on the embassy's websi

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Saudi denies issuing new fatwa against Pokemon

Saudi Arabia denied on Thursday that the kingdom's top clerical body had renewed a 15-year-old edict declaring that the Pokemon game was un-Islamic. Saudi media reports said on Wednesday the General Secretariat of the Council

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Saudi Arabia regains top ranking in China crude supply

Saudi Arabia, the world's biggest oil exporter, regained its position as China's top crude supplier in June, after losing out to Russia over the previous three months, customs data showed.   China importe

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Yansab Q2 net profit more than trebles

Saudi Arabia's Yanbu National Petrochemical Company (Yansab) beat analysts' forecasts on Wednesday as its second-quarter net profit trebled due to higher production and sales. The firm, a subsidiary of Saudi Basic Industri

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Yansab Q2 net profit more than trebles

Saudi Arabia's Yanbu National Petrochemical Company (Yansab) beat analysts' forecasts on Wednesday as its second-quarter net profit trebled due to higher production and sales. The firm, a subsidiary of Saudi Basic Industri

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Aramco signs deals for $13bn Fadhili gas project

State oil giant Saudi Aramco signed four major engineering contracts related to its Fadhili gas processing project, the company has announced. Saudi Aramco president and CEO Amin H Nasser today presided over a signing ceremony, marking

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Saudi Arabian residential market softens in Q1

The residential market in Riyadh and Jeddah softened over the first quarter with the sales and rental rates predominantly reporting marginal decreases both through quarter-on-quarter and year-on-year indicators across the villa and apartment seg

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Al Rajhi proposes higher cash dividend for H1

Saudi Arabia's Al Rajhi Bank, the second-largest lender in the kingdom by assets, said its board has proposed paying a cash dividend of 0.75 riyals ($0.20) per share for the first half of 2016. This is up from the 0.50 riyals

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Iraq undercuts Saudi Arabia to grab top spot in India oil market

Iraq overtook Saudi Arabia for the first time to become India's top oil supplier in the June quarter, helped by sales of discounted heavy crude that refiners have also been using to make bitumen to build roads in the world's No 3 oil c

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