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Gulf Business gears up for debut Saudi summit on 3 September

The discussions will cover key themes relevant to any business aiming to operate or expand within Saudi Arabia

Saudi’s Illegal Immigrants Draw Fear Of “Infiltrators”

Many illegal immigrants have now lived in the Kingdom for decades, prompting government officials to speak of a “humanitarian crisis”

UAE Man 11th Victim Of New Virus, Says WHO

Seventeen cases have been announced since the WHO issued an alert for the “novel Coronavirus” in September last year.

Saudi Customs Thwart Big Fuel Smuggling Bid From Gulf Port

Smugglers were aiming to ship over 3,260 metric tonnes of refined petroleum products out of the country.

Saudi Telecom Appoints Chairman As Acting CEO – Sources

Abdulaziz al-Sugair will take the helm following the imminent departure of CEO Khaled al-Ghoneim.

Saudi Aramco Says Committed To China Refinery Project

Aramco Overseas signed a deal in March 2011 with oil firm PetroChina to build a 200,000 bpd refinery.

Around $100 Per Barrel Is Good Price For Oil – Saudi’s Naimi

Current oil prices will not deter economic growth, says Saudi’s oil minister.

Saudi Electricity Sets Initial Price Guidance For Sukuk

Meetings with fixed income investors are scheduled to conclude in London on Monday, having taken place in the United States last week.

Saudi Mulls Banning WhatsApp, Skype

The Kingdom is reportedly in talks with application operators to ensure that they adhere to regulatory requirements.

Banks To Sign $2bn Saudi Rabigh 2 Loan By End-March

A coalition of seven banks will back the dual-tranche, long-term loan, say sources.

Around 10 Million Saudis Stay In Rented Houses

A mixture of issues including the right type and price of housing, in the right locations, is causing a problem in the Kingdom, says report.

New Chairman For Telecoms Provider Zain Saudi

Fahd bin Ibrahim al-Dughaither has been named the new head of the struggling telecoms operator.

US Imports Of Saudi Crude Oil Up Nearly 300,000 bpd Last Week

Shipments to the US from OPEC’s top producer had dipped earlier in the year.

Fitch Says Saudi Upgrade Likely, Outlook Positive

The country could get a one-notch upgrade if it makes more progress tackling unemployment and diversifying the economy.

YouTube Users In MENA Can Now Monetise Original Content

The video-sharing website has started its partner programme in Saudi Arabia, UAE and Egypt.

Saudi Labour Reforms Add 600,000 Private Sector Jobs

Unemployment among men last year dropped to 6.1 per cent, the lowest figure since 2000.

US Fertilizer Firm Enters Phosphate Joint Venture In Saudi Arabia

US-based Mosaic Co plans to invest up to $1 billion in a joint venture with Saudi firms Ma’aden and SABIC.

Drake And Scull Wins Saudi, UAE Contracts Worth $100m

The contracts include Dhs287 million worth of work awarded by Al Rajhi Bank to construct facilities in Riyadh.

Current Oil Prices Will Not Deter Asia Growth – Saudi’s Naimi

Naimi’s comments follow recent warnings that weak economic growth could hobble global oil demand this year.

Saudi Shipper Bahri Eyeing Debut Islamic Bond

HSBC’s Saudi Arabian unit, JP Morgan Chase and Samba Financial Group are frontrunners to manage the sukuk sale.

Saudi Telecom CEO Khaled al-Ghoneim Resigns

Ghoneim, who was appointed CEO in June 2012 is the latest STC senior management executive to quit.

Saudi Electricity Picks Banks For Dollar Sukuk Sale

Saudi Electric last tapped the international bond market in March 2012 with a $1.75 billion two-part Sukuk.

Saudi Aramco, Dow Petchem JV Launches Islamic Bond Offering

The Sukuk forms part of a $12.5 billion debt package currently being raised to fund the construction of a $20 billion petrochemical complex.

Saudi Cleric Issues Rare Warning In Call For Reform

Sheikh Salman al-Awdah has expressed his concerns in an open letter on Twitter.

Saudi Executes Seven For Armed Robbery

The seven men were sentenced to death in 2009 for a crime committed in 2006.

15th Case Of Deadly New Virus Confirmed In Saudi Arabia

NCoV is from the same family of viruses as SARS, which first emerged in Asia in 2003.

Saudi Binladin Group Meets Investors Ahead Of Sukuk Sale

The size and pricing of the sukuk will be decided during roadshows taking place over the next fortnight.

GCC Tourists Spend Dhs2,440 Per Head In The UK

Visitors from Qatar and Kuwait were found to be the biggest spenders.

Saudi Aramco Confirms Leasing UAE Fuel Storage Space

Securing storage space at the key fuel hub outside the Strait of Hormuz helps traders ensure swift and flexible supplies to buyers.

REVEALED: Top 10 Salaries In Saudi Arabia

The 2013 Gulf Business Salary Survey reveals the best-paid jobs in the Kingdom.

Saudi Arabia Jails Two Prominent Rights Activists For 10 Years

Mohammed Fahd al-Qahtani and Abdullah Hamad are founding members of the banned Saudi Civil and Political Rights Association.