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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.

Saudi Telecom Sets Up $1.33bn Sukuk Programme

The operator did not say when it would issue the sukuk.

Saudi King On Holiday, Crown Prince In Charge – Royal Court

King Abdullah departed the Red Sea port city of Jeddah for Morocco.

Saudi’s Dar Al Arkan Plans Benchmark Five-Year Dollar Sukuk

The developer said on Monday it would talk with international investors on Tuesday ahead of a potential sukuk.

Saudi Arabia Approves $21bn Five-Year Education Plan

The plan includes building 1,500 nurseries and providing training for about 25,000 teachers.

Saudi Arabia Closes Embassy In Libya Due To Security Concerns

Heavily armed gunmen stormed Libya’s parliament on Sunday demanding its suspension.

Sony Xperia Z2 Launches In UAE, Saudi

The waterproof smartphone is priced at Dhs2,699 in the UAE.

Dow Awards Construction Contract For Reverse Osmosis Plant In Saudi

Fluor Corporation has won the engineering, procurement and construction contract for the facility.

Banque Saudi Fransi Plans $533m Sukuk By End-June

The sukuk will enhance the bank’s Tier 2, or supplementary, capital.