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Investcorp buys stake in Saudi energy firmBahrain-based Investcorp has bought a 38 per cent stake in a Saudi oil and gas services company and expects to complete up to three more deals via its $1 billion Gulf fund in 2013, an executive at the firm said. Investcorp is buyi More… |
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Investcorp buys stake in Saudi energy firmBahrain-based Investcorp has bought a 38 per cent stake in a Saudi oil and gas services company and expects to complete up to three more deals via its $1 billion Gulf fund in 2013, an executive at the firm said. Investcorp is buyi More… |
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SARS-like virus kills four more in SaudiFour more people have died and three more have fallen ill in Saudi Arabia from the new SARS-like coronavirus MERS-CoV, the Saudi Health Ministry said on Monday. The ministr More… |
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Drake & Scull mulls dual listing in SaudiDubai contractor Drake and Scull may consider an additional listing of its shares on Saudi Arabia's Taduwal bourse though the firm does not have any imminent plans for it, its chief executive said on Monday. Tadawul is the lar More… |
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Saudi non oil exports hit $4.74bn in AprilSaudi Arabia's non-oil exports surged about 3.3 per cent in April to hit SR17.8 billion ($4.74 billion) when compared to SR17.2 billion last year, showed official data from the world's largest oil exporte More… |
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Aramco-Dow JV raises funding for $19bn projectSadara Chemical Co, a joint venture between Saudi Aramco and Dow Chemical , has signed a fundraising package for the $19.3 billion petrochemical complex it is building in the east of the kingdom, three banking sources said. The fi More… |
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Saudi AAGH group tops Forbes rankingAbdullatif Alissa Group Holding Company (AAGH), the pioneer of automotive sales, service, financing and leasing in Saudi Arabia, has been named 10th in the ‘Top 100 Making an Impact in the Arab World’ More… |
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Sipchem unit secures loan for new projectSaudi International Petrochemical Company (Sipchem) said its affiliate, International Polymers Company (IPC), has signed a SR704 million ($188 million) loan deal with the Public Investment Bank (PIF) to fund its More… |
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Lockheed Martin JV wins $90m Saudi contractThe Longbow Limited Liability Company, a joint venture between Lockheed Martin and Northrop Grumman Corporation, has won a $90.6 million contract to provide Saudi Arabia with Longbow Fire Control Radars (FCRs) for the AH-64 Apache Attack Helicop More… |
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Saudi stocks plunge 5pc on ME tensionsSaudi Arabia's stock market plunged 4.6 per cent to a 13-month low on Saturday, with its biggest listed companies losing value, after King Abdullah cut short a holiday abroad because of regional tensions. Only one of the 156 c More… |
