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Stock News: Conservative Ownership Rules May Slow Saudi Uptrend

The Capital Market Authority proposed limiting total foreign ownership of the market’s value to 10 per cent.

Saudi Arabia’s Grand Mufti Denounces Iraq’s Islamic State Group

Sheikh Abdulaziz Al al-Sheikh said the militant groups Islamic State and al Qaeda were “enemy number one of Islam”.

Saudi Court Sentences One To Death, 30 To Jail For Militant Attacks

The men were sentenced for their part in a series of militant attacks against government and foreign targets last decade.

Saudi’s Savola Says Had Initial Talks With Americana Shareholder

Kuwait’s Americana issued a statement earlier this week saying it had no knowledge of any talks with Savola on a possible acquisition.

Two Suspected Ebola Patients Flee Hospital in Saudi Arabia

The two men ran away from a rural health center in the Al Madinah province in Saudi Arabia, according to reports.

Saudis To Impose 20% Foreign Ownership Limit On Stocks

The Kingdom’s bourse is expected to open to direct investment by foreign institutions in the first half of next year.

Saudi Arabia Executes Four For Drug Possession

The four men were from Najran on the Kingdom’s southern border with Yemen.

Saudi’s Labour Ministry Says Needs $4bn Per Year For Reforms

The Kingdom is currently undertaking an aggressive plan to reduce unemployment among Saudi nationals.

Saudi Prince’s Convoy Robbed Of 250,000 Euros In Paris

The convoy had been heading for Le Bourget airport north of the city on Sunday night.

Stock News: Saudi Arabia The Main Attraction Amid Summer Lull

The Kingdom’s benchmark rose for the 13th time in 15 sessions on Sunday to reach a new six-year peak.

Kuwait’s Americana Says No Knowledge Of Savola Acquisition Talks

It said a recent meeting between the two companies was intended only to discuss the possibility of joint cooperation in certain fields and markets.

Saudi Arabia, Kuwait To Abide By UN Blacklisting Of Citizens

The Islamic State has long been blacklisted by the Security Council, while al Qaeda’s Syrian wing Nusra Front was added earlier this year.

Lashes For Saudi Woman Who Called Morality Police Liars

The appeals court in Mecca upheld the sentence, passed by a district court in Jeddah.

Jeddah Airport’s Expansion Project To Begin Operations In 2016 – Official

The first phase of the project is expected to boost the airport’s capacity from 13 to 30 million annual passengers.

As Saudi Bourse Opens, Foreigners Face Clash Of Investment Cultures

The Kingdom’s regulator announced last month that it open the $580 billion Saudi market to international institutions.

GCC States Plan Unified Stance To Tackle Ebola

Health ministers from the six Gulf states have chalked out a common strategy to defend the region from the deadly virus.

Saudi’s Savola Says Started Initial Talks On Acquiring Kuwait’s Americana

Savola said in a bourse filing that talks have not yet reached a stage that would require disclosure.

Glad To Be Rid Of Maliki, Saudi Arabia Congratulates New Iraq PM

In a message sent to Haider al-Abadi, King Abdullah wished him success in “in restoring cohesion” among the Iraqi people.

Saudi Arabia Tells Israel Only Peace Can Ensure Its Survival

Saudi Foreign Minister Prince Saud al-Faisal also called for support from Egypt to end the fighting.

Egypt, Saudis Seek United Front Against Militant Islam

Saudi Arabia and Egypt see the recent success of militants in Iraq as a threat to their stability and undermining security in the region.

UAE-Based ACC Wins Construction Contract For Emaar Square In Jeddah

Hand-over of the first offices to customers in Emaar Square, a commercial development in Jeddah, is scheduled for 2016.

Saudi PetroRabigh Says Restarting Units After Saturday Shutdown

The disruption will cause PetroRabigh’s third-quarter profit to fall by nearly SAR30 million ($8 million), the company said.

Saudi Man, Suspected Of Dying From Ebola, Tests Negative For Virus

The Saudi citizen, who displayed symptoms of the virus, died last week after returning from a business trip to Sierra Leone.

Saudisation Conditions Force Closure Of 200,000 Companies

Limitations on hiring imposed by the Nitiqat nationalisation programme led to the closures.

Saudi Arabian Man Being Tested For Ebola Virus Dies

The ministry said it was working to trace the man’s route of travel and identify people he was in contact with.

Saudi Arabia Provides $1bn Aid To Lebanon’s Army

Lebanon has been buffeted by violence linked to the Syrian conflict, including rocket attacks, suicide bombings and gun battles.

Lenovo Reveals September UAE Launch For New VIBE Z2 Pro Smartphone

The new device comes with a 6-inch screen and a 16MP rear camera and offers several photography features.

Saudi Says Tests Man Suspected Of Contracting Ebola In Sierra Leone

The man, aged 40, was admitted in a hospital in Jeddah, the health ministry said.

Saudi July Non-Oil Business Growth Fastest Since September 2012

The Kingdom’s non-oil business sector was boosted by strong output and new orders, a survey showed.

Saudi Ministry Asks For $4bn Annually To Spend On Labour Reform

The goal of labour policy is full employment of the Saudi workforce, a report from the labour ministry said.