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Hospitals on Alert As Saudi Arabia Finds Six New MERS Cases

Two people have died after being affected with MERS over the last two days, prompting fresh health warnings to prevent an outbreak.

Saudi Arabia Condemns Attacks In Copenhagen And North Carolina

Two civilians died in attacks in Copenhagen on Saturday and five police were wounded.

Saudi’s SABIC Says Appoints Yousef Al-Benyan As Acting CEO

Benyan replaces Mohammed Al Mady, who was appointed as the president of the country’s military industries corporation.

Saudi King Appoints SABIC CEO To Defence Industries Post

The statement did not make immediately clear whether al-Mady would be leaving his post at Saudi Basic Industries Corp.

Eleven People Linked To Philippines MERS Case Show Symptoms -WHO

The WHO is still trying to track down more than half the people who were on the same Saudia airline flight from Riyadh to Manila.

POSCO To Sell Stake In Construction Unit To Saudi Fund

POSCO signed the deal to sell a 38 per cent stake plus new shares of POSCO Engineering & Construction to Saudi’s PIF.

Saudi Builder Khodari Gets $170m Contract From Ma’aden Unit

Saudi Arabian builder Abdullah Abdul Mohsin al-Khodari and Sons said on Thursday it had been…

New Saudi King Shapes Contours Of Power For Future Rule

The Saudi king has created two new super-committees that give Mohammed bin Nayef and his son Mohammed bin Salman extensive control over most aspects of Saudi policy making.

Saudi’s Advanced Petrochemical To Shut Production For Maintenance

The plant in Jubail will go offline on March 1, the company said in a bourse statement,

Saudi Hollandi Bank Proposes 20% Capital Hike To Support Growth

It plans to increase its capital to SAR5.72 billion from SAR4.76 billion by issuing one bonus share for every five held.

Saudi Oil Minister Discusses OPEC With Russian, Algerian Officials

Under Saudi guidance, OPEC decided last November not to cut output, allowing oil prices to plunge.

Filipino Nurse From Saudi Arabia Tests Positive For MERS Virus

A health official said that said that the female nurse was undergoing treatment at the Research Institute for Tropical Medicine.

Shuaa Capital Unit Eyes Saudi Leasing Market With New Licence

The licence will allow the firm to fund small businesses and help finance cross-border deals between Saudi and the UAE.

Saudi Central Bank Chief Calls For Energy Subsidy Reform

Fahad al-Mubarak gave no indication that the government actually planned concrete action.

Saudi Mobily’s Acting CEO Says To Stay At Least Until March-End

Okandan, who is also CFO of Mobily’s biggest shareholder, UAE-based Etisalat, took temporary charge in late November.

Saudi Arabia’s Flynas Aims For Profit On Lower Costs, Higher Demand

The airline carried 6.5 million passengers in 2014, almost double the 3.3 million which it carried in 2013.

Prince Charles To Tell Saudi King To Halt Blogger’s Flogging – Report

Charles embarked on a six-day tour of the Middle East this weekend.

Spot Saudi Riyal Back Near Peg After Equities Rebound

Traders attributed the spot market volatility to the plunge of the Saudi stock market, which sank more than 35 per cent between September and mid-December.

Aujan Coca-Cola To Invest $500m In MENA

The company, which manufactures beverage brands such as Rani and Barbican, said that it achieved double-digit growth last year.

Saudi Kayan Gets More Gas For Making Ethylene

The Saudi oil ministry has allocated an extra 10 million cubic feed a day (scfd) of ethane from July 1, Kayan said.

Saudi Cement’s Board Recommends Smaller Dividend For H2 2014

Saudi Cement, the Kingdom’s largest cement company by market value, reported an 8.9 per cent rise in Q4 net profit.

Qatar’s Embattled Brotherhood Exiles See Hope In New Saudi King

King Salman is more sympathetic to religious conservatives than his predecessor Abdullah and is seen as less hostile to the group.

Saudi Ranks 5th For Consumer Confidence Among Emerging Markets

India topped the survey conducted by Credit Suisse, which included nine global economies.

Saudi Supermarket Chain Al Raya Put Up For Sale – Sources

Dubai-based Levant Capital and Citi Venture Capital International originally bought the stake in Al Raya in 2012 for $100 million.

Saudi’s GASCO Says To Solve Gas Shortage Soon

The shortage of gas cylinders, used for cooking, in Jeddah and nearby cities has pushed up prices to SAR100 in the black market from SAR15.

Saudi King Calls Pilot’s Killing “Heinous” Violation Of Islam

His message offered condolences to the Jordanian people and King Abdullah of Jordan.

Abraaj And TPG Sign Deal For Saudi Fast-Food Chain Kudu – Sources

The deal is a first in the region for TPG, which manages about $65 billion of capital according to its website.

Yasref Refinery In Saudi Arabia To Load First Gasoline Cargoes

On Feb. 6, the 400,000 barrels per day refinery will load a 60,000 tonne cargo of gasoline on the Serengeti.

Saudi Prince Alwaleed’s Kingdom Holding Sells 5.6% Stake In News Corp

Kingdom’s stake decreased from approximately 6.6 per cent ownership to roughly one per cent ownership.

Saudi Non-Oil Business Growth Almost Unchanged In January

The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index was 57.8 points in January against 57.9 in December.