Sunday 21 September 2014
 
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Saudi Arabia

Saudi bourse to close on Tuesday for public holiday

Saudi Arabia's bourse will be closed on Tuesday, September 23 to mark the kingdom's National Day. Trading will resume on Wednesday, according to a statement from the stock exchange. – Reuters

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Oil market ‘long term fundamentals robust’

Long term oil market fundamentals are robust and short-term price moves have little meaning for Saudi Arabia, the kingdom's deputy oil minister, Prince Abdulaziz Bin Salman Bin Abdulaziz, was quoted as saying by the Saudi Press Agency.

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L&T wins Saudi Arabia power deal

Leading Indian construction conglomerate Larsen & Toubro (L&T) said it has won a contract from Saudi Electricity Company (SEC) for setting up a high-voltage double circuit transmission line in eastern Saudi Arabia. The tur

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L&T wins Saudi Arabia power deal

Leading Indian construction conglomerate Larsen & Toubro (L&T) said it has won a contract from Saudi Electricity Company (SEC) for setting up a high-voltage double circuit transmission line in eastern Saudi Arabia. The tur

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Saudi Arabia implementing 80 megaprojects

More than 80 megaprojects, each worth at least $1 billion, are under way or planned for completion by 2030 in Saudi Arabia, according to a new report. This makes the kingdom the Middle East’s largest megaproject market by a wide m

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Saudi Arabia implementing 80 megaprojects

More than 80 megaprojects, each worth at least $1 billion, are under way or planned for completion by 2030 in Saudi Arabia, according to a new report. This makes the kingdom the Middle East’s largest megaproject market by a wide m

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80 mega-projects coming up in Saudi Arabia

More than 80 mega-projects, each worth at least $1 billion, are under way or planned for completion by 2030 in Saudi Arabia, according to a new report. This makes the kingdom the Middle East’s largest mega-project market by a wide

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Saudi Arabian fund to buy Posco unit stake

South Korean steelmaker Posco is considering selling part of a stake in its construction unit Posco Engineering & Construction (Posco E&C) to an unidentified Saudi Arabian fund in a deal worth nearly 1 trillion won ($966.28 million), sai

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Saudi Arabian fund to buy Posco unit stake

South Korean steelmaker Posco is considering selling part of a stake in its construction unit Posco Engineering & Construction (Posco E&C) to an unidentified Saudi Arabian fund in a deal worth nearly 1 trillion won ($966.28 million), sai

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Saudi industries receive $269bn loans

Saudi Arabia’s state-run financing agencies have so far distributed industrial loans worth SR1.01 trillion ($269 billion) to 6,751 firms in the kingdom, according to local news reports. The loans were distributed under 23 industri

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