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Suspect In Saudi Gun Attack Killed In Clashes With Security Forces -TV

The clashes in al-Qassim province north of Riyadh happened less than 24 hours after gunmen shot dead five people in eastern al-Ahsa district.

Gunmen Kill Five In Saudi Arabia, Six Suspects Arrested – SPA

Three masked men opened fire at a group of citizens belonging to the Shi’ite muslim sect as they were leaving a building, state news agency SPA reported.

Saudi October Non-Oil Business Growth Slows But Still High

Competitive pressures and signs of moderating demand slowed growth.

Saudi Arabia Mobilises Clergy And Media Against Jihadi Recruitment

Informed by its previous experience, the Kingdom is using an array of tools against jihadi recruitment apart from the media.

Saudi Regulator Starts Probe Into Telco Mobily After Earnings Revision

Mobily asked for its shares to be suspended on Thursday, seeking more time to review unspecified “significant matters” in its financial statements.

Saudi Sipchem Says Unit To Shut Methanol Plant For Maintenance

The shutdown, which will start on Wednesday, will boost efficiency and production, Sipchem said in a bourse filing.

Saudi Telco Mobily Q3 Net Profit Plunges 71%

The firm took extra provisions of SAR207 million for bad debts, slow-moving inventory and goodwill impairments on its investments.

Saudi Bank NCB’s $6bn IPO 16 times Subscribed On Retail Side

The retail portion comprises 15 per cent of its stock, amounting to 300 million shares.

Strong Dubai, Weak Oil Demand Puts Saudi Arabia In Dilemma

The Kindgom is expected to raise the December prices for most of the crude grades it sells to Asia.

Egypt Signs $350m Oil, Power Financing Deals With Saudi

The total value of Saudi oil aid since July 2013 has amounted to about $5 billion.

Saudi Arabia’s Sedco Capital Eyes More European Investments

The Islamic investment firm will also distribute its Luxembourg fund range via two European investment firms.

Saudi Bank NCB Set To Defy Global Slowdown With $6bn Flotation

NCB is offering 300 million shares to Saudi individuals and 200 million shares to the state-run Public Pension Agency.

Funds Positive On Gulf Equity Markets Despite Oil Price Slide

Survey finds 47 per cent of fund managers intend to raise their overall equity allocation to the Middle East in the next three months.

Saudi Arabia Finds Six New MERS Cases As Outbreak Grows

The recent surge in cases, now numbering 32 since the start of October, has been focused in Riyadh and the western city of Taif, authorities said.

Saudi Telco Mobily Says Audit Committee Meeting Over Results, Shares Halted

The suspension was requested because its audit committee was meeting to consider “significant matters relating to its financial statements”, a statement said.

Saudi Arabia’s Kingdom Holding Q3 Net Profit Rises 20.5%

Kingdom made a net profit of SAR265 million ($70.6 million) in the three months ended Sept. 30, compared to SAR219.9 million in the same period a year earlier.

Barclays Sued By Saudi Developer For $10bn

Jadawel International, a unit of London-based MBI International Holdings Inc., claims Barclays “hatched a fraudulent scheme” to secure the rare Saudi banking license, selling out Jadawel in the process.

Major New Saudi-Sinopec Refinery To Export In December

Yanbu Aramco Sinopec Refining Co (Yasref) refinery started trial runs in September and originally planned its first exports by November.

UAE Consumer Confidence Up, Ranks 5th Most Bullish Globally In Q3 – Nielson

Consumers are mainly upbeat about future job prospects, the Nielson survey found.

Saudi Budget Carrier Flynas Suspends Long-Haul Services

The airline’s chief executive said that flynas would now focus on expanding its short-haul services, and might look at a different model for long-haul flights at a later date.

Saudi Riyal Market Calms After Jolt Due To Capital Outflow

Last Wedesday, the riyal tumbled unusually far beyond its peg of 3.75 against the U.S. dollar in the spot market, to as low as 3.7530.

Telco Zain Saudi Q3 Net Loss Narrows, Meets Estimates

Zain Saudi made a net loss of SAR316 million ($84.23 million) in the three months to Sept. 30.

Rise In MERS Cases Prompts Saudi Warning To Residents

The Health Ministry has announced a total of 23 confirmed new cases this month of the virus.

Saudi’s Dar Al Arkan Q3 Profit Tumbles As Costs Rise

The company made a net profit of SAR89.9 million ($24.0 million) in the three months to Sept. 30.

Saudi Arabia Jails Three Lawyers For Tweets Criticising Judiciary

The three lawyers were convicted of prejudicing public order through tweets which contained opinions against the ruler, and expressed contempt for the judiciary, SPA reported.

Saudi Telecom Beats Estimates With Flat Q3 Profit

The company made a net profit of SAR3.37 billion ($898 million) in the three months to Sept. 30.

Delayed Saudi Wasit Gas Plant To Start Partially Early 2015

Wasit will be one of the largest gas plants not linked to oil wells ever built by Saudi Aramco.

Saudi’s Tasnee Q3 Profit Rises 7.6%

Tasnee made a net profit of SAR243.7 million ($65 million) in the three months ending Sept. 30, up from SAR226.4 million a year ago.

Saudi Electricity Q3 Net Profit Drops, Misses Analyst Forecast

The company made SAR2.67 billion during the third quarter, compared to SAR2.85 billion during the same period of the previous year

Saudi SABIC’s CEO Says Oil Price Decline Is Temporary

SABIC chief executive Mohamed al-Mady said that population growth will push up consumption and oil prices.