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Saudi Nov Non-Oil Business Growth Slows To Six-Month Low

Companies surveyed said demand had slowed and competition had increased, but market conditions were still positive overall.

New Saudi-Sinopec Oil Refinery To Delay Exports To 2015

The 400,000 bpd Yasref refinery started trial runs in September and had originally planned its first exports by November.

Saudi’s Ma’aden, Barrick Gold Set Up Joint Venture Around Copper Asset

When fully operational, the mine is expected to produce 100 million pounds of copper in concentrate per year.

Saudi’s Marafiq Signs SAR2.5bn Islamic Loan

The company will use the murabaha-structured facility for capacity expansion plans in different projects.

Stock News: Most Gulf Markets Dip; Saudi Blue Chips Rebound

Saudi Arabia’s index rose 0.7 per cent while other Gulf markets declined.

Stock News: Most Gulf Markets Fall; Blue Chips Lift Saudi

Brent hit a high of $71.46 a barrel on Wednesday before giving up some gains and moving close to $71.

Saudi Would Consider Output Cut If Russia, Others Join In – Ex-Intelligence Chief

Oil has fallen since June to reach its lowest since October 2009.

Zain Saudi Rejects Mobily’s $586m Claim

The operator said it owed Mobily only SAR13 million.

Saudi Set For Tighter 2015 Budget After Oil Price Falls

The government gets about 90 per cent of its revenue from oil exports.

Saudi Regulator Halts Trading In Telcos Mobily And Zain Saudi

Mobily and Zain Saudi are embroiled in a money dispute.

Stock News: Saudi Petrochemicals Stocks Lead Riyadh Rebound

Oil prices rebounded three to four per cent after touching five-year lows on Monday.

Saudi Telco Mobily Says Seeks Arbitration On Money Owed By Zain Saudi

Zain Saudi owed Mobily SAR2.2 billion as of Nov. 30, 2013, a statement said.

Saudi Arabia Liberalises Investment Rules In Healthcare Sector

As per new rules, Saudi Arabia will allow foreigners and citizens who are not healthcare professionals to run hospitals and other medical institutions in the country.

Saudi Cabinet Says Oil Policy Purely Economic In Motive

The cabinet called for cooperation against market speculators and said that it was pleased with OPEC’s decision to keep output unchanged.

Saudi Regulator Suspends Deloitte From Auditing Listed Firms

A circular from the Capital Market Authority said the suspension was due to a case involving an unidentified firm and would stay in place until its conclusion.

Asia Expects Big Saudi Price Cuts, But Producer May Deviate

Saudi Arabia cut prices for crude sold to Asia in four of the past five months, part of its strategy in a fight for market share against non-OPEC producers.

Saudi’s Almarai Says October Bakery Fire Will Not Impact Finances

One of the plants at the facility had been destroyed, while another had its structure partially damaged.

Gulf Stock Markets Bleed After OPEC Lets Oil Slide

Saudi Arabia’s bourse took the biggest hit, dropping 4.8 per cent to 8,625 points, its lowest close since early January.

Saudi’s Sipchem Says Proposes Dividend Of SAR0.65 For H2 2014

Sipchem’s proposed dividend is in line with what it paid in the corresponding period of 2013.

Saudi Builder Khodari Hires Advisor For SAR500m Rights Issue

The builder announced the proposed rights issue last Tuesday, saying it will use the money to expand its business.

Saudi’s Naimi: Gulf Countries Reached Oil Output Policy Consensus

Al Naimi did not specify if the Gulf countries were in favour of a output cut ahead of a key OPEC meeting on November 27.

New Delays Hit Saudi Aramco’s Jizan Refinery -Sources

The complex had been scheduled to be completed in late 2016, but industry sources said that it faced delays of six to 12 months because work on associated infrastructure was behind schedule.

Saudi’s Naimi Says Oil Market Will “Stabilise Itself Eventually”

Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) meet on Thursday in Vienna.

Saudi, Russia Pre-OPEC Talks Yield No Oil Output Cut

Saudi has kept the market guessing about its response to crude’s fall amid rapidly rising U.S. shale output.

Michelin Mulls Middle East Manufacturing Facility In The Future

The Middle East market, specifically Saudi Arabia, holds strong potential for growth for the French tyre company, says COO.

Russian Oil Tsar Igor Sechin To Meet OPEC As Saudis Keep Market Guessing

Oil prices have fallen 30 per cent since June to below $80 per barrel.

Oil Steady Below $80 Ahead Of OPEC Output Decision

Key will be what OPEC’s biggest producer, Saudi Arabia, decides, with some analysts expecting no price supporting action from the Kingdom.

Saudi Builder Al Khodari Proposes $133m Capital Hike

The capital increase will require the approval of the bourse regulator and an extraordinary shareholder meeting, a bourse statement said.

Saudi Arabia Says Islamic State Ordered Attack On Shi’ites In Al-Ahsa

A ministry spokesperson said that the leader of the al-Ahsa attack had received orders from abroad, detailing the target and the location of the attack.

Saudi’s Naimi Says ‘As Happy As Can Be,’ No Clues On OPEC

Saudi’s oil minister brushed off questions about tumbling oil prices and surplus supplies.