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Saudi Man, Suspected Of Dying From Ebola, Tests Negative For Virus

The Saudi citizen, who displayed symptoms of the virus, died last week after returning from a business trip to Sierra Leone.

Saudisation Conditions Force Closure Of 200,000 Companies

Limitations on hiring imposed by the Nitiqat nationalisation programme led to the closures.

Saudi Arabian Man Being Tested For Ebola Virus Dies

The ministry said it was working to trace the man’s route of travel and identify people he was in contact with.

Saudi Arabia Provides $1bn Aid To Lebanon’s Army

Lebanon has been buffeted by violence linked to the Syrian conflict, including rocket attacks, suicide bombings and gun battles.

Lenovo Reveals September UAE Launch For New VIBE Z2 Pro Smartphone

The new device comes with a 6-inch screen and a 16MP rear camera and offers several photography features.

Saudi Says Tests Man Suspected Of Contracting Ebola In Sierra Leone

The man, aged 40, was admitted in a hospital in Jeddah, the health ministry said.

Saudi July Non-Oil Business Growth Fastest Since September 2012

The Kingdom’s non-oil business sector was boosted by strong output and new orders, a survey showed.

Saudi Ministry Asks For $4bn Annually To Spend On Labour Reform

The goal of labour policy is full employment of the Saudi workforce, a report from the labour ministry said.

Saudi Arabia Bans Haj Pilgrims From Ebola Hit Countries

The Kingdom has also beefed up precautionary measures at airports to monitor the spread of the virus during the Haj season, a senior official said.

Carlson Rezidor Inks Deal For 5 New Hotels In Saudi Arabia

The group, whose core brands are Radisson Blu and Park Inn by Radisson, will open three hotels in Jeddah and one each in Riyadh and Dammam.

Foreign Buying In Saudi Stocks Jumps On Direct Investment Approval

The value of shares brought by foreigners through swap agreements rose to SAR3.53 billion in July, from SAR1.66 billion in June.

Saudi Pension Fund’s Return Falls To 8.1% In 2013

The fund’s return fell despite a strong rise in the Kingdom’s stock market, in which it is one of the major investors.

Ramadan Season In Saudi Arabia Mostly Free From MERS Virus

The Kingdom reported 10 confirmed new cases of the virus during Ramadan and Eid.

Saudi Aramco, Sumitomo To Transfer Project Ownership To PetroRabigh

The new $8.5 billion project, known as Rabigh II, is to be built as an expansion of PetroRabigh’s existing petrochemical plant.

Saudi King Says Israeli Offensive In Gaza A “War Crime”

Gaza officials say at least 1,499 Palestinians, mostly civilians, have been killed and 7,000 wounded.

Mideast Funds Bullish On Saudi, Bearish On UAE

The opening of the Saudi market to direct foreign investment is expected to attract a lot of active money.

UAE’s Oil Exports To Japan Drop 14.4% In June

The Gulf state, Japan’s second biggest oil provider, exported 23 million barrels during the month.

Saudi Bourse Opening May Double Fund Flows To Gulf

Other Gulf markets will also lure more foreign investment if the Saudi market opens, experts say.

Saudi State Investment Fund To Set Up New Companies

The Kingdom’s Public Investment Fund has assets under management worth about $5.3 billion.

Saudi’s Flynas To Drop Manchester In August

The airline currently operates three weekly flights on the Jeddah-Manchester route.

Opening Up Saudi’s Bourse to Foreigners Will “Transform” Market

The move is expected to be in place in the first half of 2015, according to the Kingdom’s financial regulator.

Saudi’s Savola Says In Talks To Sell Packaging Business To Takween

Savola’s packaging unit’s consolidated net profit last year fell to SAR69.5 million from SAR100 million a year earlier.

Saudi Electricity Says Will Get $400m Payment From Aramco

The settlement covers payments due between 2007 and 2013.

Qatar Emir Meets Saudi King In Jeddah To Discuss Gaza Fighting

More than 600 people are reported to have been killed in Gaza during the two weeks of fighting between Palestinians and Israelis.

Japan To Count Saudi, UAE Crude Storage Toward Reserve Goals

Japan has been lending 10.7 million barrels of crude tank capacity to the two countries.

Saudi’s Savola Says CEO Mannaa To Resign For Personal Reasons

Savola is a major producer of cooking oil, sugar and other foodstuffs in the Kingdom.

Stock News: Saudi Bourse At 6-Year High On Foreign Investment News

The main index rose 3.2 per cent, its biggest rise since April 2012, to a fresh six-year high of 10,062 points in the first hour of trade.

MSCI Could Add Saudi Arabia As Emerging Market Next Year

Saudi Arabia plans to open its stock market to direct investment by foreign financial institutions in the first half of next year.

Saudi Arabia Prepares To Open $530bn Stock Market To Foreigners

A statement from the cabinet did not specify a timetable for the market to be opened.

IMF Raises Saudi Economic Growth Forecast To 4.6% For 2014

In April, the IMF had forecast GDP growth in the Kingdom to reach 4.1 per cent for 2014.