Saturday 29 November 2014
 
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Saudi Arabia

Saudi declares market share war with US shale oil

Saudi Arabia's oil minister told fellow Opec members they must combat the US shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers. Ali Al-A

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Saudi Arabia spending $30bn on ports infrastructure

Saudi Arabia is experiencing exponential growth in its ports and shipping sectors with infrastructure projects planned and currently in progress totalling more than $30 billion. Experts presented a series of papers to over 200 delegates

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Saudi shows the way home to runaway expats

Hundreds of expatriates classified as runaways in Saudi Arabia may now avoid jail and go back to their countries, benefiting from a recent concession announced by the government, a report said. The concession rules that the runawa

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Saudi Arabia sees oil market 'stabilising itself'

Opec leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output at the producer group's meeting this week, a day after Russia refused to cooperate in any production cut and threatened to unleash an oi

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Dammam steps up green drive with 23 parks

A total of 23 parks and public squares have been built in Dammam, Saudi Arabia during the past year, as part of an environmental drive launched by the Dammam Municipality, a report said. A number of public parks have been construc

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Swiss-Belhotel signs two new hotels in Riyadh

Swiss-Belhotel International chairman and president Gavin M Faull has signed an agreement with Al Jumaiah Group of Saudi Arabia to manage two hotels in Riyadh. Both hotels, Swiss-Belhotel Riyadh and Swiss-Belboutique Tahlia Riyadh, are

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Saudi builder Al Khodari proposes $133m capital hike

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons has proposed raising its capital by SR500 million ($133 million) through a rights issue and will use the money to expand its business, the builder said on Tuesday. The c

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Saudi builder Al Khodari proposes $133m capital hike

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons has proposed raising its capital by SR500 million ($133 million) through a rights issue and will use the money to expand its business, the builder said on Tuesday. The c

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Best Western launches hotel in Jizan

Best Western International has embarked on the latest stage of its expansion in Saudi Arabia with the launch of its first hotel in the port city of Jizan. The new Best Western Jazan Hotel becomes one of the first internationally-b

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$60bn worth petchem projects to boost Saudi Arabia

Over $60 billion worth petrochemical projects in pipeline are set to boost Saudi Arabia’s local sector, says a report.   Meed, the Middle East Business Intelligence, lists 26 projects worth $15 bil

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