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General Dynamics To Beat Out Germany For Saudi Tank Deal

Sources have said that a deal for Saudi Arabia to buy M1 Abrams tanks from General Dynamics was already in sight.

Saudi Aramco Jizan Refinery Delayed 6-12 Months

Aramco signed deals worth an estimated $6 billion for the 400,000 barrels per day refinery project in November.

SABIC Awards $387m Contract To Spanish Firm For New Plastic Plant

Dragados has won the deal to design and build a new 50,000 tonne-per-year polyacetal plant in the Kingdom.

Rhodium-Studded Dhs11,000 iPhone 5 To Be Sold In UAE, Saudi

The Givori Phantom Black Platinum collection, made for men, is handcrafted in Italy.

UAE To Give Egypt $3bn Support, Saudis $5bn

The UAE will make a $1 billion grant to Egypt and a $2 billion loan.

Saudi Ma’aden Awards $825m Contract To South Korean Firm

South Korea’s Daelim Industrial Co will build an ammonia plant at Ras Al Khair, on the eastern coast of the Kingdom.

New $58m Stone Wool Factory Announced In Saudi

The factory, located in Yanbu, is being developed by a joint venture of Kuwait’s Alghanim and Saint-Gobain.

Two More Die In Saudi From MERS Coronavirus

The Kingdom’s health ministry said another three people had been confirmed as being infected with MERS.

WHO Sets Up Emergency Committee On MERS Virus

Most of the cases of MERS have been in Saudi Arabia, with 40 people killed so far.

A Time For Regulation

The Mena region’s approach to alternative energy infrastructure is fragmented and needs work to foster new technology.

Solid Q2 Earnings Seen For Saudi Banks, Petrochemicals

The two sectors together account for over half of the Saudi market’s capitalisation.

GCC States Welcome Ouster Of Egypt’s President Mursi

Saudi’s King Abdullah and the UAE government have sent congratulations to Adli Mansour, who had been appointed as interim head of state.

Saudi Grand Mufti Urges Egyptians To Avoid Bloodshed

Sheikh Abdulaziz Al al-Sheikh urged Egypt’s opposing sides to meet to find a solution to the crisis.

Embassies, Businessmen, Workers Welcome Extended Saudi Amnesty

The Saudi government has given a four-month extension to an amnesty for foreign workers with visa violations

Saudi Arabia Extends Foreign Worker Amnesty To November 3

The Kingdom began a stringent crackdown on illegal foreign workers earlier this year.

Saudi Prince Alwaleed Faces UK Court Over Gaddafi Jet Sale

The prince is being sued by Jordanian businesswoman Daad Sharab, who says she was not paid a commission for brokering the sale.

Saudi Arabia Calls On EU To Arm Syrian Rebels

The European Union lifted restrictions on arming the rebels in May. Britain and France said they would not send weapons before August 1.

Seven Saudis Jailed For Urging Protests On Facebook – Human Rights Watch

HRW said the men were detained in September 2011 and had spent a year and a half in prison before being tried by a special tribunal.

Saudi Mobily Signs $650m Financing Deal With Ericsson

The operator said the deal would be the first of its kind in Saudi Arabia’s telecom sector and would boost the company’s free cash flow.

Saudi Special Report: Shifting Sands

Facing economic risk from the Eurozone and US, oil price volatility, and regional political uncertainty, will Saudi Arabia continue to make foreign investors wary?

Immolation In Riyadh Exposes Plight Of Arab Stateless In Saudi Arabia

A watermelon seller died after he set himself on fire in Riyadh last month.

Prince Alwaleed Sued Over Private Jet Sale To Gaddafi

Prince Alwaleed bin Talal is expected to give evidence in a London court next week.

Saudi Clerics Approve Call For Fewer Haj Pilgrims This Year

Last year more than three million pilgrims travelled to Mecca for the pilgrimage.

Residential Rents Rise in Riyadh, Jeddah

While rents in Riyadh rose by seven per cent on average, lease rate for villas in Jeddah were up around four per cent, says new report.

Saudi Arabia Labels Syrian War On Rebels “Genocide”

Saudi foreign minister Prince Saud al-Faisal criticised Iran, Russia and Hezbollah for backing and arming Syrian president Bashar al-Assad.

Yemen’s Remittances Hit By Saudi Labour Crackdown

Up to 53,000 Yemenis staying illegally in Saudi have been deported since the beginning of this month.

Lenovo Launches Smartphones In UAE, Saudi

The PC maker has introduced six new models to the market, with prices ranging from Dhs499 to Dhs1,999.

Saudi Officially Changes Weekend To Friday-Saturday

King Abdullah issued a decree to make the switch, bringing the Kingdom’s working week in line with other GCC states.

Gulftainer Acquires 51% Stake In Gulf Stevedoring

The acquisition allowed Gulftainer to assume full management of three Saudi terminals, located in Jeddah and Jubail.

Over 1.5 Million Saudi Workers Change Status Before Crackdown

Saudi Arabia is trying to reduce a black market in labour among the estimated nine million foreigners in the country.