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Saudi To Hike April Crude OSPs For Asia, Arab Light

Higher OSPs would come as a vote of confidence by the OPEC kingpin in oil demand recovery.

Saudi Aramco Sees Jizan Refinery’s First Units Starting Up In 2017

The 400,000 barrels per day refinery is part of a $20 billion plan to develop an industrial city in Jizan.

Oil Rises To $59 As Saudis Say Demand Growing

Oil fell on Tuesday after a bigger-than-anticipated rise in U.S. crude oil stocks.

Saudi Mobily Suffers 2014 Loss, Loan Covenant Breach

Mobily’s shares have fallen by 56 per cent since an accounting scandal first broke in November.

Saudi’s Naimi Says Oil Demand Is Growing As Prices Stabilise

The price of crude rebounded from a near six-year low to around $60 per barrel this month.

Saudi Regulator Suspends Mobily Shares After 2014 Results Revision

Mobily on Wednesday said it had swung to a full-year loss in 2014, according to audited results.

Saudi’s Mobily Set To Slash Dividends After Earnings Scandal

Tuesday’s price of SAR35.30 per share means around $13 billion has been wiped off Mobily’s market value since May.

Saudi Court Gives Death Penalty To Man Who Renounced His Muslim Faith

The man, in his 20s, reportedly posted an online video ripping up a copy of the Koran and hitting it with a shoe.

Saudi’s Mobily Says Chairman Quits, Appoints Replacement

Abdulaziz al-Saghyir quit due to health reasons, but will remain on Mobily’s board, the company said.

Saudi Fransi Capital CEO Resigns – Source

Yasir al-Rumayyan resigned from the bank last week after heading the business since the start of 2011.

UN Experts Warn Of “Critical Knowledge Gaps” On Saudi MERS Virus

The WHO says 1,026 confirmed cases – including at least 376 deaths – have been reported since MERS emerged in 2012.

Saudi Telecoms Regulator Cuts Call Connection Fees By 40%

The move is seen as mostly benefiting Zain Saudi, the smallest of the Kingdom’s three mobile network operators.

Saudi Aramco Extends Bidding For Unconventional Gas Work -Sources

The project will involve building processing facilities, wellheads and pipelines for gas in Turaif.

Saudi Ma’aden Restarts Ammonia Plant After Maintenance

Ma’aden shut the facility in Ras Al Khair from January 23 for about 30 days.

UAE’s Arabtec Wins $253m Of Saudi Oil And Gas Work

The projects include upgrading liquefied gas and refinery facilities for national oil firm Saudi Aramco, the company said.

UN Team Investigates Saudi Surge In Cases Of Deadly MERS Virus

The virus has infected close to a thousand people, killing some 360 of them – the vast majority in Saudi Arabia.

Stock News: Saudi Arabia Down, Egypt Firms As Oil Slides

Brent oil traded below $59 per barrel as U.S. crude inventories were expected to hit record highs.

Saudi Aramco Seeks $10bn Loan From Banks – Sources

Sources said the loan would be structured as a revolving credit facility, giving Aramco flexibility to opt when it wants to withdraw cash.

Saudi Crude Oil Exports Drop To 6.934m bpd In December

Exports fell by 362,000 barrels per day from 7.296 million bpd in November 2014.

Saudi Arabia Clamps Down On Visa Trading

The Ministry of Labour said that it will set a limit on the number of workers that each firm is permitted to transfer within a year of recruitment.

UAE, Saudi Arabia Control 74% Of GCC’s Private Wealth

Almost 44 per cent of the GCC’s private wealth is focused in Saudi Arabia, while the UAE controls around 30 per cent, a new study shows.

Hospitals on Alert As Saudi Arabia Finds Six New MERS Cases

Two people have died after being affected with MERS over the last two days, prompting fresh health warnings to prevent an outbreak.

Saudi Arabia Condemns Attacks In Copenhagen And North Carolina

Two civilians died in attacks in Copenhagen on Saturday and five police were wounded.

Saudi’s SABIC Says Appoints Yousef Al-Benyan As Acting CEO

Benyan replaces Mohammed Al Mady, who was appointed as the president of the country’s military industries corporation.

Saudi King Appoints SABIC CEO To Defence Industries Post

The statement did not make immediately clear whether al-Mady would be leaving his post at Saudi Basic Industries Corp.

Eleven People Linked To Philippines MERS Case Show Symptoms -WHO

The WHO is still trying to track down more than half the people who were on the same Saudia airline flight from Riyadh to Manila.

POSCO To Sell Stake In Construction Unit To Saudi Fund

POSCO signed the deal to sell a 38 per cent stake plus new shares of POSCO Engineering & Construction to Saudi’s PIF.

Saudi Builder Khodari Gets $170m Contract From Ma’aden Unit

Saudi Arabian builder Abdullah Abdul Mohsin al-Khodari and Sons said on Thursday it had been…

New Saudi King Shapes Contours Of Power For Future Rule

The Saudi king has created two new super-committees that give Mohammed bin Nayef and his son Mohammed bin Salman extensive control over most aspects of Saudi policy making.

Saudi’s Advanced Petrochemical To Shut Production For Maintenance

The plant in Jubail will go offline on March 1, the company said in a bourse statement,