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Saudi Arabia Condemns Deadly Attack On Paris Satirical Magazine

Saudi Arabia said in a statement via its official news agency that it denounces this “cowardly terrorist act”.

Banque Saudi Fransi Says Recommends Cash Dividend For H2 2014

The bank said that it recommended a cash dividend of SAR0.5 per share ($0.13) for the second half of 2014.

Saudi British Bank Gets Nod For 50% Bonus Share Issue

The Capital Market Authority said that Saudi British Bank could issue one bonus share for every two shares held.

Saudi Retailer Jarir Posts 25.5% Q4 Net Profit Jump

The company made a net profit of SAR200.8 million($53.5 million) in the fourth quarter.

King Says Saudi Arabia To Deal With Weak Oil Challenge With ‘Firm Will’

King Abdullah said that lower prices were primarily caused by weakness in the global economy.

Saudi’s Jabal Omar Signs SAR4bn Loan Refinancing For Mecca Project

It did not give the details of the previous loan but said it was signed with six banks in June 2012.

Saudi December Non-Oil Business Growth Accelerates Slightly

The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index rose to 57.9 points in December from 57.6 in the previous month.

UAE’s Al Jaber Group Wins Contract To Build New Airport in Saudi Arabia

The project will include a new passenger terminal covering an area of 86,000 square metres and will be built to accommodate around five million passengers annually.

Saudi Crown Prince Assures Cabinet On King’s Health

The royal court previously said that King Abudullah was suffering from pneumonia and temporarily needed help to breathe through a tube.

Three Saudi Guards Killed In Attack On Iraq Frontier

The guards were killed in a slight border skirmish when attackers shot at the patrol near Arar.

Saudi’s SAFCO Halves Dividend For H2 2014

The figure is down from the SAR6 per share that the company paid for the corresponding period of 2013.

Saudi Arabia To Create 300,000 Private Sector Jobs For Locals

The official did not reveal a specific timeline in which the government is aiming to make this quota possible.

Saudi Arabia To Reopen Baghdad Embassy After 25-year Chill

Saudi Arabia closed its Baghdad embassy in 1990 after the late Iraqi dictator Saddam Hussein invaded Kuwait.

Saudi King Needed Help Breathing Due To Pneumonia

A Saudi source familiar with the affairs of the royal family said the king would most likely stay in hospital for another week.

Saudi Arabia Captures Shi’ites Suspected Of Instigating Unrest

The man was one of 23 men wanted by Saudi authorities, who accuse them of serving the agenda of a foreign power.

Saudi Aramco Halts Ras Tanura Clean Fuels Project

The energy project appears to be one of the first suspended in Saudi Arabia in response to the halving of the oil price in the last six months.

Saudi King Undergoing Medical Tests In Riyadh Hospital

The monarch, who took power in 2005 after the death of King Fahd, has undergone surgery in the past few years related to a herniated disc.

Saudi Sipchem Starts Testing $40m Ethylene-Vinyl Acetate Plant

The start-up phase will involve testing equipment at the plant, which has annual production capacity of 4,000 tonnes, a statement said.

Saudi Arabia Denies Rumours About Public Wage Cuts

Unnamed government official denies comments on social media about the government mulling a reduction in public expenditure.

Saudi’s Riyad Bank Recommends H2 2014 Dividend

The bank said that it will give a dividend of 35 halalas per share, down from 80 halalas from the same period last year.

Sipchem’s New Chemicals Plant To Start Operating In First Quarter

The facility is located in Saudi Arabia’s Jubail Industrial City.

LuLu Group To Invest Dhs783m In Major Saudi Expansion

The retailer plans to open eight new stores in the Kingdom over the next 24 months, the company’s managing director said.

Saudi 2015 Budget Based On Oil Price Around $60 – Analysts

For the 2015 budget, announced on Thursday, four analysts’ oil price estimates are in a range of $55 to $63.

Saudi Arabia Said To Plan Bourse Opening To Foreigners In April

An official said that the regulator continues to expect the market to open to foreign investors in the first half of next year, though no specific date has been set.

Saudi’s Takween Says Negotiating Price In Savola Packaging Unit Buy

Implementation of the deal would depend on approval by related government agencies.

Saudi’s SAFCO Completes Work On Urea Plant

The plant was originally scheduled to start up in the third quarter of 2014, but was delayed due to construction delays.

Saudi Samba Financial Group Proposes H2 Dividend

The proposed figure is marginally higher than the SAR0.64 per share which the bank paid for the corresponding period of 2013.

Saudi Finance Minister Says No Need To Create Sovereign Wealth Fund

At present, the surplus petrodollars of the world’s top oil exporter are mostly invested abroad by its central bank.

Saudi Ministry To Discuss Deficit Financing With Central Bank

A ministry statement said the government could cover the deficit with its huge fiscal reserves, but Alassaf told media that borrowing might also be used.

Saudi Finance Minister Says Can Endure Low Oil Prices Over Medium Term

Alassaf said everybody expected prices to rise eventually but there was a difference over when.