Monday 8 February 2016
 
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Saudi

Saudi bourse uncertain on MSCI entry in 2017

Saudi Arabia's stock exchange (Tadawul) is not certain that it can join international index compiler MSCI's emerging markets index in 2017, the exchange's acting chief executive was quoted as saying. The kingdom opened

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Saudi, Venezuela discuss oil cooperation

Saudi Arabia's oil minister Ali Al-Naimi discussed cooperation between Opec members and other oil producers to stabilise the global oil market with his Venezuelan counterpart, state news agency SPA reported. Venezula's Oil

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Almajdouie stays steady in changing times

Almajdouie Logistics has said higher fuel costs will eat into margins but that the company will leverage its expertise and assets to fulfil its commitments. The Dammam-based company, which celebrated its golden jubilee in 2015, ha

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KAEC inks $65m infrastructure development contract

King Abdullah Economic City (KAEC), a special economic zone on Saudi Arabia's Red Sea coast, has awarded a SR244-million ($65 million) contract to Ruzaiq Abdullah Al Jadrawi Al Thubaiti and Company for the development of infrastructure and l

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Elaf Group plans budget hotels in India

Saudi-based Elaf Group has announced plans to expand its services in India, targeting the Indian tourism market and the Indian Haj and Umrah pilgrimage sector, said a report. The announcement was recently made at a press conference in J

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Saudi woman injured after fall from rollercoaster

A Saudi woman sustained severe head injuries when she fell off a fast-moving rollercoaster in a well-known shopping mall in the town of Jazan. The Civil Defence team took the woman to Jazan Hospital where she is reported to be in

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Saudi 'ready to join ground operations in Syria'

Saudi Arabia's Ministry of Defense said it is prepared to deploy ground forces in Syria to fight Daesh (ISIS), if the US-led interational coalition also deploys ground forces.   Brigadier General Ahmed Asseri

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Saudi currency devaluation would carry major political risk

A devaluation of Saudi Arabia's currency could cause such political instability that Riyadh has little choice but to stick to its promise to use vast foreign exchange reserves to defend the riyal's 30-year-old peg to the US dollar.

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Saudi population up 2.4pc to 31.52m

Saudi Arabia’s population increased 2.4 percent to 31.52 million last year from 30.77 million in 2014, a report quoting the Saudi Department of Statistics and Information. Saudi nationals made up two-thirds of the population

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Saudi foreign minister vows to defeat terrorism

Saudi Foreign Minister Adel bin Ahmed Al-Jubeir has reiterated the Kingdom's firm commitment to defeat terrorism in an op-ed published by Newsweek, titled "The Saudis Are Fighting Terrorism, Don't Believe Otherwise."

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