Monday 1 September 2014
 
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Saudi

Saudi cbank may cap consumer lending

Saudi Arabia's central bank has published new consumer lending regulations which give it the power to cap retail lending at individual banks and limit the fees that banks can charge. The rules could dent profit growth at banks

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Saudi Arabia to cut Oct crude prices to Asia

Top oil exporter Saudi Arabia is expected to cut October prices for all grades sold to Asia, reflecting weak demand and a stronger Oman price marker, trade sources said.   Flagship Arab Light may also see the big

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EMC named ‘best place to work in Saudi’

EMC, a leader in enabling businesses and service providers to transform their operations and deliver IT as a service, has been named ‘the best place to work in Saudi Arabia’ by the Great Place to World Institute. The g

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EMC named ‘best place to work in Saudi’

EMC, a leader in enabling businesses and service providers to transform their operations and deliver IT as a service, has been named ‘the best place to work in Saudi Arabia’ by the Great Place to World Institute. The g

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Saudi ACWA wins $100m equity investment

International Finance Corporation (IFC), a unit of the World Bank, has completed a SR375 million ($100 million) equity investment in Saudi Arabia-based water and power project developer ACWA Power. The investment will boost the am

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Saudi’s Eastern Province builders plan new firm

Contractors in Ihsa, in Saudi Arabia's Eastern Province, are planning to establish a joint-stock company to carry out mega projects in the kingdom, a report said. "We are currently conducting a study to establish a joint-

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Saudi homes without title deeds to get power supply

Saudi Municipal and Rural Affairs ministry in a major move has granted permission for the provision of power supply to even those houses which do not have title deeds. Minister Prince Mansour bin Miteb ordered municipalities acros

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Aramco seeks interest for unconventional gas work

Four companies have expressed interest in bidding for work on unconventional gas in Saudi Arabia as the world's top oil exporter pushes ahead with plans to develop challenging shale deposits, industry sources said. The compani

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Tadawul opening to foreign investors ‘a key milestone’

The Saudi Arabian index is the region’s most diverse capital market due to its size and maturity, and has been gearing up to welcome foreign investors for sometime now, said a report. Although foreign investors have been abl

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Iraq, Syria pose Saudi dilemma: failed states or Iran proxies

With militant Islamists gaining the upper hand in Syria's rebel movement and grabbing big tracts of Western Iraq, Saudi Arabia faces a dilemma. Saudi Arabia has long seen the conflicts in Iraq and Syria as a pivotal battle for

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