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Saudi Telco Mobily Seeks 20% Stake In Landline Firm Atheeb

Mobily signed a memorandum of understanding in August with four of Atheeb’s founding shareholders to buy a controlling interest in the firm.

Saudi Arabia Starts Payout To Minority Investors In Ailing Telco

A royal decree last May ordered the liquidation of the firm, which never launched services despite making a winning SAR1 billion bid for a fixed telecom licence in 2007.

Unpatched OS Increasing Vulnerability of Saudi PC Users

Cyber security company Secunia found that 17.4 per cent of users had unpatched versions of WinXP, Win7, Win8 or Windows Vista.

King Abdullah Football Stadium To Open Thursday

The 60,000 seat venue has taken 14 months to construct.

Saudi Sets Up Expert Panel To Contain MERS Virus

Saudi Arabia has appointed 10 disease specialists to investigate the spread of the MERS virus and advise the government on future steps.

Saudi Arabia Has 26 More Cases Of MERS Virus, 10 Dead

The 143 cases announced since the start of April represent a 73 per cent jump in total infections in Saudi Arabia this month.

Saudi PetroRabigh Says Oil Unit Back After Maintenance

Work on the unit, which lasted a month from March 27, was originally due to finish on April 19 but was extended by a week.

Saudi Arabia Says Has 10 More Cases In MERS Outbreak

Saudi Arabia has now had 323 confirmed cases of MERS, of which 94 have been fatal.

Saudi Arabia Says MERS Virus Cases Top 300, 5 More Die

In total, 92 people have died of MERS in Saudi Arabia, the ministry said on its website.

Saudi Denies Umrah Cancellations Over MERS Fears

The Haj ministry said that it is yet to receive directives from health officials about the MERS-coronavirus being an epidemic.

Saudi Prince Says Gulf States Must Balance Threat From Iran

Prince Turki al-Faisal said that the Gulf states should be prepared for any possible outcome from Iran’s nuclear talks with world powers.

Saudi Telecom Picks Banks For Debut Sukuk Issue – Sources

The sources said it was currently unclear if STC was looking to complete a sukuk issue in the local Saudi market.

Saudi Arabia Reports 11 New Cases Of MERS Virus, First In Mecca

A health ministry statement said eight of the people were in intensive care, two were stable and one showed no symptoms.

Saudi Watchdog To Regulate Homegrown YouTube Shows

Dissatisfaction over state broadcasters’ staid programming and societal restrictions have created a large audience for web-based entertainment in the Kingdom.

Spread Of MERS In Saudi Arabia Accelerates With 17 New Cases

The jump in infections is particularly concerning due to the large number of pilgrimsset to visit the country in July during Ramadan

Saudi Arabia’s Home Finance Company In Final Stages -Sponsor

Finance ministry and ICD venture Bidaya will submit an application for a licence as soon as regulations under the kingdom’s mortgage laws are finalised.

Saudi Telco Mobily Q1 Net Profit Rises 4.5%, Misses Estimates

Mobily made a first-quarter net profit of 1.4 billion riyals ($373.3 million), up from 1.34 billion riyals in the prior-year period.

Saudi Telecom Q1 Profit Rises 54%

The firm made a net profit of 2.39 billion riyals ($637.3 million) in the three months to March 3.

Saudi Arabia Replaces Health Minister Amid MERS Virus Fears

Abdullah al-Rabeeah’s post will be taken over by Labour Minister Adel Fakieh, who keeps his current post, according to a royal decree.

Saudi To Develop MERS Vaccine To Combat Outbreak

An international firm is scheduled to visit the Kingdom to discuss the manufacturing of a MERS vaccine.

Saudi Retailer Alhokair Q4 Net Profit Climbs 40%

Profit climbed to SAR190.8 million ($50.9 million) in the quarter, the company said in a statement.

Saudi’s Kingdom Holding Q1 Net Profit Up 15% On Investment Income

Net earnings in the three months to March 31 were SAR126.4 million ($33.7 million), compared to SAR110.1 million in the same period a year earlier.

Saudi Electricity Q1 Net Loss Widens 39% On Higher Costs

The company lost 913 million riyals during the three months to March 31, compared to 657 million riyals during the same period of the previous year.

Influential Cleric Attempts To Soothe Gulf Rift

The cleric used unusually placatory language about Qatar’s neighbours, some of whom he has accused of a variety of failings including being insufficiently Islamic.

Work Begins On World’s Tallest Tower

The Kingdom Tower project has been undergoing exhaustive testing works before construction begins on April 27.

Saudi Arabia Announces Jump In New Cases Of Deadly MERS Virus

MERS has infected 244 people in the Kingdom, of whom 76 have died, according to officials.

Saudi’s SABIC Says Natural Gas Shortage Limiting Domestic Growth

SABIC chief said that increased competition among sectors and a shortage of gas have made internal expansion hard.

Saudi’s Khodari Q1 Net Up On Auction But Operating Profit Plunges

The firm’s operating profit fell 96 per cent partly due to reforms in Saudi Arabia’s labour market.

Saudi Savola Group Q1 Profit Rises 43%

The company made a profit of 423 million riyals in the first three months of 2014, up from 295 million riyals in the year-earlier period.

Saudi SABIC Profit Slips In Q1, CEO Says Must Expand Abroad

SABIC made a net profit of 6.44 billion riyals ($1.72 billion) between January and March compared to 6.56 billion riyals a year earlier.