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Saudi Arabia rewrites its oil game with refining might

The Kingdom now has stakes in more than five million barrels per day of refining capacity, at home and abroad.

Saudi Aramco may raise rigs in 2016 if oil prices rise -sources

The company has 212 rigs of both types in operation and that could rise to between 220 and 250 if conditions permit, sources familiar with the plans said.

Saudi Arabia’s Kingdom Holding has no plans to invest in Snapchat -source

Kingdom took part in talks over a potential investment in Snapchat but decided not to invest in the application, a source said.

Saudi designates two senior Hezbollah officials as terrorists

Khalil Youssef Harb and Mohammed Qabalan have been banned from any dealings with Saudis.

Chevron says output from Saudi-Kuwait joint Wafra oilfield to remain shut

The oilfield will not be reopened until difficulties to operate there are resolved, the US firm said.

Air strikes kill at least 80 in deadliest bombings of Yemen war

Arab warplanes and ships also hammered Yemen’s largest military port in the Red Sea city of Hodeida at dawn on Wednesday.

Saudi’s Almarai approves $5.6bn capex plan for 2016-20

The investment will cover expansion in the areas of farming, manufacturing, distribution and logistics.

Saudi regulator to raise IPO allocations to institutional investors

The Kingdom’s stock market is dominated by retail investors in terms of daily trading volumes.

Tens of thousands turn up for funeral of Saudi suicide attack victims

A suicide bombing in Qatif last week, claimed by ISIL, caused the death of 21 Shi’ite Muslims.

Saudi Gulf Airlines plans to begin flights at start of November

The airline plans to fly from Dammam to three destinations, initially with a fleet of four Airbus A320s, an official said.

Saudi’s Emaar Economic City says expects tenant inflow to accelerate

The developer expects to attract about 50 new companies to establish operations this year, versus 35 last year, and thinks it will sell around 2,500 residential units in 2015.

Saudi king vows to punish those behind suicide attack

The monarch promised to punish all those who are linked to the attack, intensifying its crackdown on terrorism.

US approves sale of 10 MH-60 Seahawk helicopters to Saudi Arabia

The proposed sale would improve Saudi Arabia’s capability to meet current and future threats from enemy weapons systems.

Saudi Interior Ministry says mosque bomber belonged to ISIL

The attack was one of the deadliest assaults in recent years in the Kingdom, where sectarian tensions have been aggravated by nearly two months of Saudi-led air strikes on Houthi rebels.

Saudi regulator seeks to prosecute 9 Mobily officials – report

The offenders reportedly include board members and senior executives who were in charge at the time violations were committed in Mobily.

Saudi shells hit Yemen aid office, killing five – local official

Artillery fire and air strikes hit the town of Maydee along Yemen’s border with Saudi Arabia in Hajja province.

Saudi regulator cancels Arabian Contracting float at company request

Last week, approval was issued for the sale of a 30 per cent stake in Arabian Contracting, with the offer set to run between June 10 and 16.

Saudi Arabia, partners turn down Chinese requests for extra oil

Research found Saudi Arabia’s share of Chinese crude imports dropped to just over 30 per cent in May from 36.5 per cent in April.

Five luxury homes you can buy for $1m

Property site Lamudi lists five properties in emerging markets around the world that have a price tag of around $1 million.

Saudi Arabia advertises for eight new executioners

No special qualifications are needed for the jobs whose main role is “executing a judgement of death” and to perform amputations on those convicted of lesser offences, an advert showed.

Saudi Arabian Airlines fined $1.6m for breaking EU aviation law

The airline was fined by the Belgian government for breaching EU carbon emissions rule.

Saudi Arabia’s March oil exports highest in over 9 years – data

The country shipped 7.898 million barrels per day (bpd) of crude in March, up from 7.350 million bpd in February and 7.474 million bpd in January.

Saudi-led air strikes hit Yemen’s Aden after truce expires

Bombings struck the rebel-held presidential palace in Aden’s downtown area.

Saudi-led alliance resumes air strikes on Yemen as ceasefire ends

Explosions could be heard near Aden’s airport and the districts of Khor Maksar and Crater, a witness said.

UN Yemen envoy calls for truce to be extended for five days

The five-day humanitarian truce began on Tuesday to distribute aid to the millions deprived of food, fuel and medicine by weeks of fighting.

Saudi PetroRabigh restarts vacuum distillation unit after unscheduled maintenance

The maintenance will cost the company around SAR100 million, which will be reflected in second-quarter results.

Saudi man gets life in US prison in Africa embassy bombings case

Khalid al-Fawwaz was not charged with planning or participating in the attacks, which killed 224 people and injured more than 4,000.

Saudi Regulator Approves Fourth IPO This Year

Arabian Contracting Services Co will offer investors 16.5 million shares representing 30 per cent of its capital.

Saudi Arabia Regulator Refers Mobily Case To Public Prosecution

The Capital Market Authority launched an investigation into the firm in November after Mobily restated a year and a half of its earnings.

Saudi King Allocates SAR1bn For Yemen Relief Centre

The money would be in addition to another SAR1 billion the monarch had pledged, Al Arabiya said.