Thursday 1 September 2016
 
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Saudi Arabia

Opec oil output hits record

Opec's oil output is likely in August to reach its highest in recent history, a Reuters survey found on Wednesday, as extra barrels from Saudi Arabia and other Gulf members make up for losses in Nigeria and Libya. Production i

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Aramco in advanced talks to build China refinery

Saudi Aramco is in advanced negotiations with China National Petroleum Corporation (CNPC) to build the Yunnan refinery in China, its chairman said on Al Arabiya TV on Wednesday. Khalid Al-Falih, who is also Saudi Arabia's ener

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Saudi doesn't target specific oil output level: Al-Falih

Saudi Arabian Energy Minister Khalid Al-Falih said the top crude exporter does not target a specific figure for its oil production and that its output is based on customers' needs. "We in the kingdom of Saudi Arabia do no

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Huawei wins licence to invest in Saudi Arabia

China-based Huawei, a leading global ICT solutions provider, today (August 31) received a commercial licence to invest in Saudi Arabia and establish a centre of innovation. The licence was issued even as Prince Muhammad bin Salman

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Huawei wins licence to invest in Saudi Arabia

China-based Huawei, a leading global ICT solutions provider, today (August 31) received a commercial licence to invest in Saudi Arabia and establish a centre of innovation. The licence was issued even as Prince Muhammad bin Salman

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Saudi Arabia signs 15 initial deals with China

Saudi Arabia signed 15 preliminary agreements with China on Tuesday in sectors from energy to housing on a trip headed by Deputy Crown Prince Mohammed bin Salman aimed at bolstering relations with a top energy customer and trade partner.

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Sedco Capital acquires stake in top Korean firm

Sedco Capital, a leading asset manager based in Saudi Arabia, has successfully completed the acquisition of a strategic minority stake in Nedec, one of the largest manufacturers of die-casting and machining products. Established i

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Sedco Capital acquires stake in top Korean firm

Sedco Capital, a leading asset manager based in Saudi Arabia, has successfully completed the acquisition of a strategic minority stake in Nedec, one of the largest manufacturers of die-casting and machining products. Established i

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Sany wins major mobile port machinery deal in Saudi Arabia

Sany Port Machinery, a company specialised in manufacturing port machinery, recently exported 31 mobile port machines, valued at almost $7.5 million, to King Abdul Aziz Port in Dammam, Saudi Arabia. This is the largest mobile port

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NMC Health expands in Saudi Arabia

NMC Health, a leading integrated private healthcare network operator in the UAE, has announced the addition of 260 beds spread across two Saudi Arabian assets in the key western and eastern regions of the kingdom. The move comes t

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