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U.S., Saudi Arabia Hit Militant Targets In Syria -U.S. Military

Strikes destroyed a machine gun firing position, a militant unit, damaged a staging location and several buildings.

Banque Saudi Fransi Q3 Net Profit Jumps 35%

The bank said it made SAR926 million ($246.9 million) in the three months ending September 30, compared with SAR685 million in the same period a year earlier.

Privately, Saudis Tell Oil Market: Get Used To Lower Prices

The Saudis now appear to be betting that a period of lower prices will be necessary to pave the way for higher revenue in the medium term.

Accor Announces Three Jeddah Properties

Today’s trio takes the French Group’s Middle East portfolio to 100 hotels

Stock News: Saudi Arabia Shares Tumble, Dubai Extends Drop

Dubai plunged 6.7 per cent, Abu Dhabi slid 2.1 per cent and Qatar dropped 2.7 per cent.

Saudi Arabia’s Almarai Q3 Profit Rises 13.4%

Almarai made a profit of SAR539.4 million ($143.8 million) in the three months to Sept. 30, up from SAR475.6 million in the year-earlier period

Saudi Arabia Tells OPEC It Raised Output In Sept Despite Oil Drop

The lack of a Saudi cut could add to perceptions of traders and analysts that the Kingdom is looking to defend market share, not prices.

US Vice President Apologises To Saudi Over His Comments On Islamic State

Biden earlier apologised to Turkey and the UAE for saying that regional US allies were partly to blame for the rise of IS in Syria.

Saudi Billionaire Prince Alwaleed Plans Meeting With Indian PM Modi

Prince Alwaleed said he was “impressed” by Narendra Modi’s speech when he was in the US.

Saudi September Non-Oil Business Growth Fastest In Over 3 Years

The SABB HSBC Saudi Arabia Purchasing Managers’ Index climbed to a seasonally adjusted 61.8 points in September, its highest level since June 2011.

Saudi Arabia Clerics Step Up Anti-Islamic State Drive At Haj

About three million Muslims, among them 1.4 million from abroad, are expected to perform haj this year.

Saudi Arabia Fears Yemeni Tumult May Boost Its Main Foe Iran

The capture of Yemen’s capital Sanaa by Houthi fighters, who have ties with Iran, has jolted Saudi Arabia.

Saudi’s National Commercial Bank Says To Raise $6bn In IPO

The bank will sell 300 million shares to Saudi individual investors and 200 million shares to the state-run Public Pension Agency at a price of SAR45 per share.

Saudi Cuts Official Crude Oil Prices In Battle For Market Share

The move comes amid calls from some within the OPEC for action to shore up prices, as international benchmark Brent crude oil has slumped to a two-year low.

Gunmen Wound Saudi Policeman In Shi’ite Muslim Stronghold

The policeman was shot and wounded by unknown assailants while stationed at a checkpoint at the entrance to the town of al-Awamiya late on Monday night.

Saudi Electricity Signs $682.5m Deals For Riyadh Metro

The seven contracts are to build stations and lay cables for the rail system in the Saudi capital.

Virgin Mobile Launches Services In Saudi Arabia

The two brands being launched by Virgin Mobile Middle East and Africa are Virgin Mobile, aimed at the youth market, and Friendi Mobile, targeting Saudi’s expatriate workers.

Austria Reports First MERS Case In Saudi National

The Saudi Arabian national is being treated in an isolation ward in a hospital while all people she had been in contact with would be checked for symptoms, a health ministry official said.

Funds To Slow Saudi Stock Buying, Bullish On UAE -Survey

Bullishness towards Saudi Arabia, which peaked in the July survey due to the announcement of stock market opening to foreign investment, has been declining.

Saudi Telecom’s Bahrain Unit Bets On Data To Boost Revenue

Viva said the launch of its next-generation mobile network – which allows web download speeds several times faster than its predecessor 3G – will help boost its revenues.

Saudi Sipchem Says Affiliate Restarts Butanediol Plant

The International Diol Co plant, which has an annual capacity of 75,000 tonnes, was shut from Aug. 29 to improve the efficiency of operations.

Saudi’s Sedco Capital Launches First In-House Managed Islamic Fund

The Gulf equities fund, domiciled in Luxembourg, has an intial $30 million in assets.

Saudi Tasnee To Pay $480m To Up Stake In Cristal Subsidiary

Tasnee has submitted an offer to the Gulf Investment Corporation to buy the additional stake in Cristal subsidiary , thus raising its overall holding to 79 per cent.

Saudi Shi’ite Dissident Dies After Clash With Police – Media

Saudi Interior Ministry spokesman General Mansour Turki said that security forces shot and wounded Bassem Ali al-Qudaihi during an exchange of fire when they tried to arrest him.

Saudi Arabia Warns Yemen Violence Could Threaten Global Security

Yemen has faced multiple challenges, including regular attacks by al Qaeda and its affiliate, Ansar al-Sharia, as well as protests by southern separatists demanding secession from the country.

Saudi Oil Output Seen Steady On Expected Rise In Demand

Oil prices have slid on ample supplies and concern about weakening demand on slowing economic growth in Europe and China.

Saudi’s Fawaz Alhokair Sign $200m Islamic Loan With SocGen

Alhokair said on Thursday the facility will fund the acquisition and other expansion by the company.

Saudi Could See Budget Deficit Next Year – IMF

The fund warned the Kingdom to rein in public spending, which has risen 52 per cent annually since 2010 and reached SAR994.7 billion in 2013.

Saudi Arabia Sent $3bn Worth Of Fuel To Egypt Since April

The total value of oil aid to Egypt from Saudi Arabia since July 2013 through September of this year amounted to $5 billion.

Saudi GDP Growth Falls To 3.8% In Q2 As Oil Sector Slows

On a quarter-on-quarter basis, GDP dropped 3.1 per cent in the second quarter, the biggest fall since the quarterly data series began in 2010.