Monday 1 September 2014
 
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Saudi Arabia

French President meets Alwaleed in Paris

French President François Hollande and Prince Alwaleed Bin Talal, chairman of Kingdom Holding Company (KHC) of Saudi Arabia, recently discussed bilateral investment issues at a meeting in Paris. The two leaders met at the F

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FMP releases new Galaxy S5 Duos in Saudi market

Future for Modern Products (FMP), a major distributor in Saudi Arabia of Samsung Electronics mobiles, and a subsidiary of United Matbouli Group (UMG), has introduced the new Galaxy S5 Duos into the Saudi market. Building on the su

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Saudi market opening 'set to attract growth capital'

As Saudi Arabia moves ahead with plans to open up the domestic capital markets to global investors, it is very likely that the kingdom will be seriously considered for an inclusion in various emerging markets indices, said an industry expert.

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600,000 Saudis eligible for housing aid

More than 600,000 Saudi Arabian families have been found eligible for housing aid under a new scheme designed to ease a shortage of homes which has depressed living standards and is politically sensitive for the government. Out of

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600,000 Saudis eligible for housing aid

More than 600,000 Saudi Arabian families have been found eligible for housing aid under a new scheme designed to ease a shortage of homes which has depressed living standards and is politically sensitive for the government. Out of

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Saudi Arabia's oil usage tops economic growth

Saudi Arabia’s annual rate of energy consumption has grown to an average of 3.8 million oil barrels per day, marking an increase of more than 5 per cent while the economic growth rate reached 4 per cent, a report said. The r

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Saudi jails 23 more men for militancy

A Saudi Arabian court sentenced 23 men to jail terms of up to 22 years for their role in militant attacks, state media said on Wednesday, part of a security crackdown in which scores of people have been imprisoned over the past week.

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Saudi oil output ‘can’t fill in for major losses’

The world is currently trailing four million barrels per day (bpd) in terms of oil supply disruptions, and with 2.4 million bpd in untested spare capacity, Saudi Arabia may not be able to accommodate the loss of Southern Iraq or another major co

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Saudi nationalisation defaulters face big action

More than 17,000 firms in Saudi Arabia that are in the "red zone" of the Nitaqat nationalization scheme for not employing a single national, are under the spotlight of a major campaign to be launched by Labour Ministry, a report said.

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Saudi nationalisation defaulters face big action

More than 17,000 firms in Saudi Arabia that are in the "red zone" of the Nitaqat nationalization scheme for not employing a single national, are under the spotlight of a major campaign to be launched by Labour Ministry, a report said.

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