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Saudi Crown Prince Assures Cabinet On King’s Health

The royal court previously said that King Abudullah was suffering from pneumonia and temporarily needed help to breathe through a tube.

Three Saudi Guards Killed In Attack On Iraq Frontier

The guards were killed in a slight border skirmish when attackers shot at the patrol near Arar.

Saudi’s SAFCO Halves Dividend For H2 2014

The figure is down from the SAR6 per share that the company paid for the corresponding period of 2013.

Saudi Arabia To Create 300,000 Private Sector Jobs For Locals

The official did not reveal a specific timeline in which the government is aiming to make this quota possible.

Saudi Arabia To Reopen Baghdad Embassy After 25-year Chill

Saudi Arabia closed its Baghdad embassy in 1990 after the late Iraqi dictator Saddam Hussein invaded Kuwait.

Saudi King Needed Help Breathing Due To Pneumonia

A Saudi source familiar with the affairs of the royal family said the king would most likely stay in hospital for another week.

Saudi Arabia Captures Shi’ites Suspected Of Instigating Unrest

The man was one of 23 men wanted by Saudi authorities, who accuse them of serving the agenda of a foreign power.

Saudi Aramco Halts Ras Tanura Clean Fuels Project

The energy project appears to be one of the first suspended in Saudi Arabia in response to the halving of the oil price in the last six months.

Saudi King Undergoing Medical Tests In Riyadh Hospital

The monarch, who took power in 2005 after the death of King Fahd, has undergone surgery in the past few years related to a herniated disc.

Saudi Sipchem Starts Testing $40m Ethylene-Vinyl Acetate Plant

The start-up phase will involve testing equipment at the plant, which has annual production capacity of 4,000 tonnes, a statement said.

Saudi Arabia Denies Rumours About Public Wage Cuts

Unnamed government official denies comments on social media about the government mulling a reduction in public expenditure.

Saudi’s Riyad Bank Recommends H2 2014 Dividend

The bank said that it will give a dividend of 35 halalas per share, down from 80 halalas from the same period last year.

Sipchem’s New Chemicals Plant To Start Operating In First Quarter

The facility is located in Saudi Arabia’s Jubail Industrial City.

LuLu Group To Invest Dhs783m In Major Saudi Expansion

The retailer plans to open eight new stores in the Kingdom over the next 24 months, the company’s managing director said.

Saudi 2015 Budget Based On Oil Price Around $60 – Analysts

For the 2015 budget, announced on Thursday, four analysts’ oil price estimates are in a range of $55 to $63.

Saudi Arabia Said To Plan Bourse Opening To Foreigners In April

An official said that the regulator continues to expect the market to open to foreign investors in the first half of next year, though no specific date has been set.

Saudi’s Takween Says Negotiating Price In Savola Packaging Unit Buy

Implementation of the deal would depend on approval by related government agencies.

Saudi’s SAFCO Completes Work On Urea Plant

The plant was originally scheduled to start up in the third quarter of 2014, but was delayed due to construction delays.

Saudi Samba Financial Group Proposes H2 Dividend

The proposed figure is marginally higher than the SAR0.64 per share which the bank paid for the corresponding period of 2013.

Saudi Finance Minister Says No Need To Create Sovereign Wealth Fund

At present, the surplus petrodollars of the world’s top oil exporter are mostly invested abroad by its central bank.

Saudi Ministry To Discuss Deficit Financing With Central Bank

A ministry statement said the government could cover the deficit with its huge fiscal reserves, but Alassaf told media that borrowing might also be used.

Saudi Finance Minister Says Can Endure Low Oil Prices Over Medium Term

Alassaf said everybody expected prices to rise eventually but there was a difference over when.

Saudi British Bank Recommends Bonus Share Issue To Boost Capital 50%

One bonus share would be issued for each two shares held, increasing the number of the bank’s outstanding shares to 1.5 billion from 1 billion.

Saudi’s MMG Given Go-Ahead To Sell Suspended Shares Over The Counter

Shares in the company have not traded since July 2012, when they were suspended by the regulator after breaching rules relating to accumulated losses.

Saudi Telecom To Book $166m Gain On Land Transfer To Government

The company originally announced in June that the government had seized a 1.05 million square metre plot in the Al Faisaliah district of Riyadh with a book value of SAR105.3 million.

Saudi 2015 Budget Expected To Raise Spending Marginally

Saudi Arabia will continue spending actively on major strategic projects such as housing, transport and the construction of industrial cities, a newspaper said.

Oil Slides As Saudi Naimi Tells Market To Forget OPEC Cuts

Naimi also said the Saudis might boost output instead to grow their market share and that oil “may not” trade at $100 again.

Saudis Counting On $745 Billion To Defend Riyal Peg: Currencies

The country’s current-account surplus will remain the world’s fourth-largest by the end of 2014 even after oil’s decline, economists say.

Saudi’s Naimi Says OPEC Will Not Cut Output However Far Oil Falls

OPEC met on November 27 and declined to cut production despite a slide in prices, marking a shift in strategy towards defending market share rather than supporting prices.

Saudi Budget To Be Released Later This Week

The budget is anxiously awaited by financial markets.