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Houston Exhibit Shows Antiquities From Saudi Arabia

Roads of Arabia, which runs through March 9, features tools, steles, incense burners, statues and other pieces from the Kingdom.

Saudi’s SEC Signs $366m Japanese-Backed Loan For Jeddah Power Plant

The facility, funded by Bank of Tokyo-Mitsubishi UFJ and Mizuho Financial Group, is part of a wider $2 billion finance package for the Jeddah South project.

Saudi British Bank Prices SAR1.5bn Capital-Boosting Sukuk

The Islamic bond has a lifespan of seven years, with a clause allowing the bank to redeem the paper after five years.

Saudi Minister Says Nitaqat Hiked Nationalisation By 15%

Around 723,000 Saudi nationals have been employed through the Nitaqat system.

Two Saudis Back From Guantanamo Face ‘Rehab’ For Militants

Muhammad Husayn Qahtani and Hamood Abdulla Hamood were repatriated after spending 11 years in Guantanamo.

Surging Saudi Fuel Use A Bigger Threat Than US Shale Oil

The growing domestic demand for hydrocarbons, exacerbated by low prices, is the key long-term challenge faced by the Kingdom, said Jadwa Bank.

Saudi Hollandi Bank Plans Bonus Share Issue

The lender plans to boost its share capital to SAR4.76 billion to help support its growth and capital base.

Saudi Developer ACWA Signs $472m Bridge-To-Sukuk Financing

The loan will act as a bridge financing until the company launches a sukuk issue in 2014.

Saudi Activist Sentenced To Lashes And Prison – Rights Group

Omar al-Saeed is reportedly the fourth member of the Saudi Civil and Political Rights Association (ACPRA) to be jailed this year.

Saudi PetroRabigh Says Marketing Fee Deal To Boost Revenue

The petrochemical company is a joint venture between oil giant Saudi Aramco and Sumitomo Chemical.

ADCB, Emaar Among UAE’s Favourite Stocks

MubasherTrade report forecasts low-to-mid-single digit economic growth rates in the Middle East in 2014.

Ethiopian Workers Return From Saudi Arabia Telling of Abuse

Over 100,000 Ethiopians repatriated from Saudi Arabia since the Kingdom began deporting illegal migrants in November.

Saudi Religious Leader Condemns Suicide Attacks

Saudi Arabia’s Grand Mufti condemned suicide bombings as grave crimes.

Saudi Online Consumer Habits Increase Risks For Banks

Despite experiencing cyber attacks, the majority of Saudi Arabian consumers have not installed anti-virus software on their systems.

Saudi Aramco Said to Supply Full January Crude Volume to Europe

Aramco has the option to reduce monthly sales volumes to term buyers.

Saudi Group Eyes Stake Sale In Petromin After Partner Buyout

Dabbagh Group is planning to sell a 19 per cent stake in its lubricant business, say sources.

Saudi’s Alkhabeer Buys Majority Stake In UAE Packaging Firm

Jeddah-based Alkhabeer Capital did not disclose financial details of its purchase into Dubai’s Express Group.

Iran, Saudi Strategists Spar, Swap Ideas, Over Gulf Security

A meeting of military officers, diplomats and analysts took place during a security conference in Bahrain last weekend.

Saudi Arabia Nov Output Steady, Pumps 9.745m Bpd

The Kingdom cut production in October after pumping at record rates of around 10 million bpd for three months.

Saudi Minister Says 250,000 Saudis Employed After Amnesty

Saudi Arabia has been repatriating illegal expats with the hopes of stemming unemployment among locals.

Saudi Arabia Bank Loans Cooling to ‘Healthy Levels’: Arab Credit

Bank loan growth to the private sector was 13 per cent in October, the slowest rate of expansion since May last year.

Saudi Q3 Economic Growth Picks Up As Oil Output Rebounds

The Kingdom’s economy expanded at an annual rate of 3.1 per cent in the third quarter of this year.

OPEC Seen Keeping Oil Cap; Naimi Says Market in Best Shape

The current 30 million barrel-a-day target for the 12-nation group adequately matches demand, say officials.

Officials Deny Single Gulf Currency Launch

The Gulf Monetary Council has dismissed media reports of four GCC countries launching a common currency.

Russia’s Putin, Saudi Prince Bandar Discuss Syria, Iran

The Kremlin said Putin and Prince Bandar discussed plans for a long-delayed international peace conference on Syria.

Saudi Must Boost Private Sector To Meet Surge In Jobseekers – IMF

Currently, more than one million Saudis work in the private sector.

Saudis Have Few Options As They Push Tougher Foreign Policy

Upset with the US, senior Saudis are considering strategic relations with other world powers.

Iran Says Seeks Better Cooperation With Saudi Arabia

Iran’s foreign minister said that the nuclear deal reached in Geneva on Nov. 24 should not be seen as a threat.

Prince Alwaleed’s CFO To Leave Kingdom Holding – Sources

Shadi Sadeek Sanbar has worked with the firm for over eight years and is seen as a close aide of the Saudi billionaire.

ACWA-Led Consortium To Finance, Build Saudi Rabigh 2 Power Plant

The project will deliver 2060 megawatts of electricity to SEC under a 20-year agreement