Thursday 30 October 2014
 
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Saudi Arabia

Kingdom Holding Q3 net profit rises 20.5pc

Saudi Arabia's Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 20.5 per cent rise in third-quarter net profit on Thursday, on the back of higher investment profits. Kingdom made a

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Saudi Arabia finds six new Mers cases

Saudi Arabia said it had detected six new cases of the deadly Middle East Respiratory Syndrome (Mers) in 24 hours, the biggest daily jump for months with officials blaming lax hospital procedures. The recent surge in cases, now nu

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Leading HVAC expo targets Saudi market

Saudi Arabia is the world's third biggest HVAC (heating, ventilating, and air-conditioning) market which is set to hit $1.4 billion in 2015, according to the organisers of Mostra Convegno Expocomfort (MCE). One of the world&rs

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UAE, Saudi Arabia consumer confidence up

Consumer confidence in the UAE and Saudi Arabia jumped in the third quarter and the two GCC countries were among the top 10 most bullish markets globally, a survey showed. India remained the most bullish consumer market, while Ita

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UAE, Saudi Arabia consumer confidence up

Consumer confidence in the UAE and Saudi Arabia jumped in the third quarter and the two GCC countries were among the top 10 most bullish markets globally, a survey showed. India remained the most bullish consumer market, while Ita

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Saudi Arabia's Wasit gas plant to start early next year

State oil giant Saudi Aramco is expected partially start up its new Wasit gas plant in the first quarter of 2015 despite some difficulties linked to construction, three industry sources said. Wasit will be one of the largest gas p

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Rotana to expand in Saudi Arabia

Rotana Hotels, a leading hotel management company in the Middle East, has announced its plans to expand across Saudi Arabia, with new projects in Riyadh, Jeddah, Al-Khobar and Dammam. Omer Kaddouri, chief executive officer of Rotana Hot

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Elaf Group to showcase developments at WTM

Elaf Group of Companies, a key player in Saudi Arabia’s tourism industry, will participate at this year’s edition of the World Travel Market (WTM) in London, UK. During the event, which will be held from November 3 to 6, the

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Saudi may see 18m cars on roads by year-end

Saudi Arabia will likely see the number of licensed vehicles on its roads rise to 18 million by the end of 2014, from 17 million last year, a report said. From 2011 to 2012, the number of licensed cars rose by 7 per cent to 15.9 m

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Saudi imports jump 19.6pc to $15bn in August

Saudi Arabia's imports jumped an annual 19.6 per cent in August, ending nine consecutive months of declines, while growth in non-oil exports accelerated to 22.2 per cent, data from the Central Department of Statistics and Information showed

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