Saturday 5 September 2015
 
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Saudi

Emerson opens new factory in Saudi

Emerson Climate Technologies has opened a new facility at the Second Industrial Zone of the Saudi Industrial Property Authority (Modon) in Dammam, Saudi Arabia, according to a report.   The 3,000-sq-m facility ha

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Saudi security forces kill ‘terrorist’ in Abqaiq

Saudi Arabian security forces killed what they called ‘a terrorist’ who attempted to attack a security facility in the country's oil-producing Eastern Province, state television reported on Friday.  

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Saudi king to meet Obama amid Gulf concerns over Iran deal

Saudi King Salman will meet with US President Barack Obama in Washington on Friday to seek more support in countering Iran, as the Obama administration aims to use the visit to shore up relations after a period of tensions.  

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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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