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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.

Saudi Arabia Has Helped Save British Lives – PM Cameron Says

Cameron said that Saudi is a valuable partner of the West in the region and has helped in the fight against terrorism.

New Sugar Refinery To Start Operations In Saudi Arabia By End-2017

At full capacity, Al Reef is expected to refine 3,000 tonnes of sugar a day, and plans to export two thirds of its production.

Saudi Electricity To Pay $149m In Bonuses After King’s Order

The company added that the bonus paid to each staff member would not exceed SAR50,000.

Saudi Prince Alwaleed-Backed Alarab News Channel Launches

The 24-hour Arabic language news channel, based in Bahrain, will have a specific focus on Saudi affairs.

Saudi Aramco Stops Red Sea Deepwater Exploration Work

Aramco has put on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs, sources said.

Stock News: Dubai Surges On Stronger Oil, Dividends, Saudi Payout

The Dubai benchmark jumped 4.5 per cent to close at 3,840 points, its biggest daily gain in six weeks.

Saudi Kayan To Shut Several Units For Maintenance

The company, an affiliate of Saudi Basic Industries Corp (SABIC), will shut its olefins plant from Feb. 1 for almost five weeks, it said.

New Saudi Regulator Says Market-Opening Plan On Track

Mohammed Al-Jadaan was named head of the Capital Market Authority in a cabinet resuffle by King Salman last week.

Saudi’s Almarai Chief Executive Resigns, New CEO Appointed

Georges Schorderet, previously the company’s chief operating officer, is taking over from Abdulrahman Al Fadley, a statement said.

Lavish Freebies From Saudi King To Buoy Economy, Markets

Salman’s announcement suggested that the government remained willing to spend heavily despite the hit to its oil revenues from low prices.

Crisis Veteran Naimi Stays To Hold Line On Saudi Oil Policy

The 79-year-old Naimi has seen at least three price crashes during his two decades as oil minister.

U.S. Man Shot And Wounded In Eastern Saudi Arabia

The wounded man was taken to hospital and was in a stable condition, state news agency said.