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Saudi Retailer Alhokair Signs $267m Islamic Loan

The amount will be used to help repay loans and fund expansion.

Kone To Provide “World’s Fastest” Elevators For Saudi’s Kingdom Tower

The firm will provide the world’s highest double decker elevators, which will travel at a speed of over 10 metres per second.

Trading In Saudi’s Etihad Atheeb Halted Pending More Info On STC Deal

The Capital Market Authority (CMA) has suspended trading in Atheeb shares until the company provides more details.

Saudi Telecom Co And Landline Firm Atheeb Sign Network Deal

The so-called Indefeasible Rights of Use (IRU) agreement gives Atheeb access to 30,000 STC data connections for 15 years.

Saudi Study Strengthens Case Against Camels In MERS Outbreak

MERS has infected 691 people and killed at least 284 of them in Saudi Arabia alone since it first emerged in 2012.

Saudi’s Shoura Council Seeks Probe Into Haramain Rail Project Delays

The project is now also costlier by $2 billion, according to the Saudi government.

Saudi Airman Convicted In Rape Of Boy In Las Vegas Seeks New Trial

Prosecutors say the official, who was visiting Las Vegas while temporarily stationed at Lackland Air Force Base in Texas, lured the boy to a room and sexually assaulted him.

Saudi King Invites Countries To Attend Donor Conference For Egypt

The monarch said any country that did not contribute to Egypt’s future despite having the ability to do so would “have no future place among us”.

Saudi MERS Data Review Shows Big Jump In Number Of Deaths

The sharp increase in deaths now attributed to MERS means the mortality rate from the virus in Saudi Arabia is now 41 per cent, instead of the 33 per cent previously thought.

Saudi Arabia Sacks Deputy Health Minister Over Handling Of MERS

Ziad Memish has been criticised by some international scientists for his handling of the MERS virus that has infected 575 people in the Kingdom.

Saudi Business Activity Growth Slows In May

While output growth continued to accelerate, growth in new orders dropped sharply.

Saudi Mobily Cuts Profit By $90m After Rival Etihad Atheeb Scraps Tie-up

Atheeb said it wants to cancel the deal with Mobily “due to some technical and logistical difficulties”.

Dubai’s Al Futtaim Group Signs Deal To Build $1.6bn Saudi Mall

The super regional mall will be anchored by an IKEA store and will have a gross leasable area of 250,000 square metres.

Iranian Foreign Minister Says He Cannot Visit Saudi Arabia

Mohammad Javad Zarif’s visit would have been the first by a senior Iranian official since President Hassan Rouhani took power.

Saudi Mall Owner Othaim Plans Debut Local Currency Sukuk

The transaction is likely to be worth between SAR500 million and SAR1 billion, sources said.

Saudi To Fine Employers Holding Back Domestic Workers’ Pay

New regulations will come into effect within 60 days to protect the rights of domestic workers in the Kingdom, a labour ministry official said.

Saudi Cement Recommends H1 Dividend Of SAR3.5 Per Share

Shareholders owning the company’s stock at the end of trading on July 1 will qualify for the dividend, the company said in a statement.

Saudi Telcoms Firm Mobily Ends Talks To Buy Stake In Smaller Rival

Analysts say the main attraction for Mobily, an affiliate of the UAE’ Etisalat, was to acquire Atheeb’s landline licence.

Prince Alwaleed Sees 130% Investment Hike After Chinese Firm JD.com Listing

The Saudi businessman and his Kingdom Holding Company invested $250 million for a combined stake of 2.5 per cent in the Chinese online retailer.

Funds To Cut UAE, Qatar Exposure After MSCI Upgrade – Survey

Only 20 per cent of the funds surveyed expect to increase their allocations to UAE equities in the next three months.

Saudi Health Minister Says Working With WHO To Fight MERS

MERS was identified in 2012 in Saudi Arabia, and has infected a total of 565 people in the Kingdom.

Hunt For MERS Source Should Look Beyond Camels – Veterinary Officials

The deadly new virus has killed 186 people in Saudi Arabia.

Saudi Court Sentences Man To Death For Sedition

This is the second time in a week that the death penalty has been imposed on a man involved in unrest in Qatif.

Pace Of New MERS Infections In Saudi Arabia Slows To Four A Day

In the first two weeks of the month, the daily number of new cases in Saudi Arabia averaged nearly 11, but since May 14 the average number of new infections has slowed.

Saudi’s Ma’aden Appoints HSBC As Advisor For SAR5.6bn Rights Issue

Ma’aden had earlier this month said it was seeking shareholder approval for a capital increase.

Saudi’s CPC Acquires Egypt’s Sphinx Glass For $190m

The Jeddah headquartered company aims to increase Sphinx’s revenues to $63.2 million this year from $55 million in 2013.

Accor Expands Adagio Brand In KSA

Second Aparthotel targeting mid and long-stay guests confirmed for Jeddah

Saudi Savola Sells Kazakhstan Edible Oil Unit For $28.5m

Savola said it has made a capital gain of SAR17 million from the sale.

Saudi Arabian Interests Buy About 600,000 T Feed Barley

It was priced between $250 and $255 a tonne, traders said.

Saudi’s Dar Al Arkan Raises $400m From Sukuk Issue

The developer attracted a final order book of more than $1 billion for its five year sukuk.