Thursday 3 September 2015
 
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Saudi

Saudi, Egypt rise alongside global markets

Stock markets in Saudi Arabia and Egypt rose in early trade on Thursday, tracking global bourses as oil prices, which had moved Middle Eastern equities earlier in the week, were relatively stable. The main Saudi equity index gaine

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Saudi, US near deal for two Lockheed warships

Saudi Arabia is in advanced discussions with the US government about buying two frigates based on a coastal warship that Lockheed Martin Corp is building for the US Navy, and could reach agreement by the end of the year, according to sources fam

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Saudi groups plan $320m shopping complex

Saudi-based Raj Real Estate company, a subsidiary of Al-Rajhi United, and Baseel property company, have announced plans to develop a SR1.2 billion ($320 million) shopping complex - The Riyadh Walk. The project, which boasts of off

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Saudi groups plan $320m shopping complex

Saudi-based Raj Real Estate company, a subsidiary of Al-Rajhi United, and Baseel property company, have announced plans to develop a SR1.2 billion ($320 million) shopping complex - The Riyadh Walk. The project, which boasts of off

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Jabal Omar cancels $426m Makkah contract

Jabal Omar Development Company, the largest listed real estate developer in Saudi Arabia by market capitalisation, said it has canceled a SR1.6 billion ($426 million) contract awarded to Ruwad Civil Construction. Ruwad was awarded

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Saudi sinks after oil's plunge, Egypt also soft

Saudi Arabia's stock market dropped sharply in early trade on Wednesday after oil prices plunged again, while Egypt's bourse was also weak, tracking global emerging markets. The main Saudi equity index fell 2.7 per cent an

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Saudi Khurais oilfield expansion delayed

The expansion of Saudi Arabia's Khurais oilfield is expected to be delayed from the originally planned timeframe of 2017 and the start-up date is now unclear, industry sources said. The sources said authorities had not given r

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Saudi Khurais oilfield expansion delayed

The expansion of Saudi Arabia's Khurais oilfield is expected to be delayed from the originally planned timeframe of 2017 and the start-up date is now unclear, industry sources said. The sources said authorities had not given r

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Saudi Telecom to spend $1bn to cope with data traffic

Saudi Telecom Company (STC) expects to spend another $1 billion in the second half of 2015 on enhancing its networks as it tries to meet surging demand for web-based services, its chief executive said on Tuesday. The SR3.9 billion

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Dubai developer signs up 'Desert Pele' as ambassador

Dubai-based property developer, The First Group, has signed up Saudi Arabian football legend Majed Abdullah as its new brand ambassador for its operations in the Middle East and North Africa (Mena) region. The former striker for S

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