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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.

Drake and Scull Unit Wins Dhs189m Contract In Saudi Arabia

As per the contract, Drake and Scull will undertake the mechanical, electrical and plumbing works for Al Dara Hospital in Riyadh.

Saudi Sipchem Starts Plastics Plant With South Korea’s Hanwha Chemical

The plant, with an annual production capacity of 1,000 tonnes of plastic moulds, cost around $29.3 million to build.

Saudi Emaar Economic City Signs SAR2bn Loan With SABB

The company will use the loan to build residential and infrastructure projects in King Abdullah Economic City

Stock News: Saudi Bourse May Remain Under Pressure Ahead Of Eid Break

The main Saudi index fell 1.2 per cent on Monday, its biggest decline in three months.

UAE, Saudi, Bahrain Confirm Role In Strikes Against Islamic State In Syria

A sources said said the Saudis had sent four F-16 fighter jets, the UAE contributed four warplanes, Bahrain two and Qatar a Mirage jet.

Iran’s Rouhani Says Ties With Saudis Deserve To Be Warmer

Rouhani said that he had no plans to meet with U.S. President Barack Obama while in New York this week.

Security, Rival Operators Delay Mobile Newcomers’ Entry To Saudi

Saudi has 1.8 mobile subscriptions per person, which means the new firms must likely woo customers from existing operators and that threat could explain their apparent reluctance to cooperate.

Saudi Banks In Strong Health – Central Bank Chief

The combined capital adequacy ratio of all banks was 17.8 per cent at the end of the second quarter this year, well above the eight per cent minimum specified by Basel standards.

Saudi Oil Minister Plays Down Concerns About Falling Crude Prices

Oil prices in Europe have declined since June as geopolitical concerns wane and key producers pump large amounts into the market.

Saudi And UAE Join US In Launching First Strikes In Syria

The United States has been building a coalition to combat Islamic State, which has seized large areas in Iraq and Syria.

Saudi’s Ma’aden Gets Regulator Approval For $1.5bn Rights Issue

Ma’aden earlier said it would seek capital to fund the expansion of its phosphate and gold operations.

Saudi’s National Commercial Bank To Start IPO Next Month

The IPO is expected to be one of the largest ever in the Gulf region.

Saudi Offers Cautious Support To US In Battle Against Islamic State

The Saudi leadership remains mistrustful of U.S. President Barack Obama after a series of disagreements following the Arab Spring.

Saudi Bourse Opening To Attract More Investments To The GCC

Saudi Tadawul Index liberalisation will usher in a new era of GCC investment, experts say.

Saudi Fighter With Islamic State Urges Fighters To Wage Jihad In Kingdom

The man called on his countrymen to attack not only the ruling family and Westerners in Saudi Arabia, but also the Kingdom’s senior Muslim clergy.

Saudi Utility To Spend $80bn By 2025 To Raise Water Production

SWCC, also Saudi Arabia’s second largest power producer, now produces 3.6 million cubic meters per day of desalinated water.