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Saudi’s SABIC Q1 Net Profit Falls 39%, Beats Forecasts

SABIC made a net profit of SAR3.93 billion in the first quarter, down from SAR6.44 billion in the year-earlier period.

Obama Calls Saudi King Salman To Discuss Yemen -White House

Obama and King Salman also reportedly agreed that a negotiated political solution was necessary to achieving lasting stability in Yemen.

Saudi Hardware Retailer SACO To Raise $134 m From Float – Lead

The price means the retail and wholesale tools superstore will raise around 504 million riyals from its flotation.

Saudi Arabia To Open Stock Market To Foreigners On June 15

Final rules covering the opening of the market will be published on May 4.

Yemeni VP Hopes Arab Coalition Will Not Deploy Ground Forces

Bahah also called on the armed forces to support the “legitimate” government in exile.

Speculation Over Saudi-India Oil Deal As Talks Drag On

Saudi Aramco and India’s Reliance Industries have not yet concluded a term contract to import diesel and gasoline.

Saudi Kayan Swings To Q1 Net Loss As Shutdown Hits Production

Saudi Kayan made a net loss of SAR591.6 million ($157.8 million) in the first quarter of 2015.

Saudi Firm, Bunge To Buy Majority Stake In Canadian Grain Handler

G3 Global Grain Group, a joint venture of Bunge and Saudi Agricultural and Livestock Investment Co (SALIC), said that it will buy a 50.1 per cent stake in CWB for $201 million.

Saudi’s Bahri Says Q1 Net Profit More Than Doubles On Year-Ago

The company’s net profit for the three months to March 31 was SAR398.4 million.

Saudi Hollandi Bank Q1 Net Profit Up 29.3%, Beats Estimates

The bank attributed its increase in net profit to higher total operating income.

Saudi Aramco Starts Testing Parts Of Wasit Gas Programme

Wasit will be one of the largest gas plants not linked to oil wells ever built by Saudi Aramco.

Saudi Begins Investigation Of Officers Accused Of Molesting Iranian Pilgrims

The guards are accused of allegedly sexually assaulting two teenage boys while conducting a security search in Jeddah airport.

Saudi Oil Minister Discusses Oil Markets With Russia, Brunei

Naimi met the representatives and exchanged views about recent oil market developments as well as ways to develop oil cooperation.

Saudi Stock Market Tadawul Says 2014 Profit Up 74% On Trading Income

The company made a net profit of SAR265 million in 2014, according to a statement posted on the bourse website.

Saudi Bank NCB Q1 Profit Rises 2.8% On Higher Operating Income

The lender made a net profit of SAR2.61 billion ($696 million) in the first quarter of 2015.

Deputy Minister Says Saudi Should Consider Water, Power Price Reform

Water and power use in Saudi Arabia are growing about eight per cent annually, putting a pressure on the government.

Saudi SAFCO Q1 Net Profit Slumps 30%, Misses Forecasts

It is the seventh quarter in the last eight in which the firm has posted decreasing profits.

Egypt And Saudi Arabia Discuss Manoeuvres As Yemen Battles Rage

The statement from the Egyptian presidency appeared to be a sign that the Arab coalition may carry through on threats to eventually launch a ground intervention.

Saudi Arabia’s Ras Tanura Port Reopens After Shutdown

The port was shut on Monday because of poor visibility and strong winds.

Russia’s Lukoil Last To Leave Saudi Arabia’s Search For Gas

Lukoil was the last company left active in the consortia of international oil firms Saudi Arabia invited in 2003-2004 to search for gas.

Saudi’s Yansab Q1 Net Profit Slumps 48.7%, Misses Forecast

The firm made a net profit of 285.1 million riyals ($76 million) in the first quarter of 2015.

Saudi British Bank Q1 Net Profit Up 3.2%, Beats Forecasts

The bank, an affiliate of HSBC Holdings, said it made SAR1.12 billion in the three months ending March 31.

Saudi Bank Samba Sees 3.1% Q1 Net Profit Gain

The bank attributed its increase in net profit to higher total operating income.

Saudi Repeats Would Need Cooperation To Improve Oil Prices

The Saudi cabinet also affirmed that the Kingdom is not in competition with shale or other high-cost oil supplies.

Bad Weather Shuts Saudi Arabia’s Ras Tanura Port

Ras Tanura port is a major oil operations centre for Saudi Aramco.

Iran Suspends Saudi Arabia Pilgrimage Over Sexual Assault Allegations

The suspension comes as two Iranian teenagers were allegedly assaulted by Saudi security officers during their pilgrimage.

Cayan Group Reveals Property Projects Worth Dhs3.1bn In Dubai, Saudi

The company’s latest portfolio of projects includes residential properties in Riyadh and Dubai and a commercial tower in Riyadh.

Saudi Regulator Lifts Suspension On PetroRabigh shares

Trading in PetroRabigh was suspended by the Capital Market Authority on Sunday after the company did not commit to listing rules.

Saudi’s PetroRabigh Says Plans $1.9bn Rights Issue

The company said that it will use the money raised to help fund its expansion.

Saudi Arabia Trims Oil Supply To Some Asian Buyers -Sources

For the past two months, the Kingdom had informed some customers that they would receive full contracted volumes, only to trim supply later.