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Lotos oil

Poland’s Lotos takes first Saudi oil shipment

Polish refiner Lotos has received a shipment of crude oil from Saudi Aramco , the possible first step in a long-term relationship between the two state-controlled firms, Lotos said on Tuesday

July 3, 2012 5:21
 
200-qatar-airways

Qatar airways interested to launch airline in Saudi Arabia

Qatar Airways is interested to launch an airline in Saudi Arabia and has held talks with the government on opportunities for a new start-up, the state-owned carrier said in a statement on Tuesday.

July 3, 2012 1:40
 
Saudi-Arabias-may-inflation-eases-to-5.1-percent

Saudi Arabia approves mortgage law

Expected to fuel real estate boom in kingdom, banks to benefit; Housing one of key social issues in Saudi Arabia

July 3, 2012 10:49
 
Abdallah al-Khalidi

Saudi envoy seized in Yemen urges king not to forget him

A Saudi diplomat kidnapped by al Qaeda-linked militants in Yemen appealed to the Saudi king not to forget about him and meet his abductors' demand for the release of women prisoners, in a new video posted on the Internet.

July 2, 2012 3:44
 
Mohammad Al Mojil Group

Troubled Saudi contractor MMG inks $120 million loan

Saudi construction firm Mohammad Al Mojil Group (MMG) signed a 450 million riyals ($120 million) loan to help support its balance sheet, it said in a statement on Sunday.

July 1, 2012 5:15
 
Bahri

Saudi’s Bahri gains 9 percent after merger announcement

Shares at Saudi National Shipping Co (Bahri) rose 9 percent on Saturday after it signed an agreement with Saudi Aramco to buy its Vela marine unit for $1.3 billion in cash shares.

July 1, 2012 10:04
 
Vela marine

Saudi Aramco to sell Vela marine for $1.3 billion to Saudi Bahri

The merger of the fleets would make Bahri the world's fourth largest owner of very large crude carriers, or VLCCs, and it would become the exclusive provider of VLCC crude oil shipping services to Saudi Aramco, under a long-term agreement.

June 28, 2012 11:20
 
Tokio Marine affiliate soars in Saudi bourse debut

Saudi Olayan Group issues $173 million sukuk

Olayan Group, one of the largest conglomerates in Saudi Arabia, has concluded its maiden issue of an Islamic bond, or sukuk, two sources with knowledge of the matter said on Tuesday.

June 27, 2012 9:58
 
SABIC-NEW

Korean, EU firms win Sabic, Exxon project

South Korea's Daelim Industrial, France's Technip and Spain's Tecnicas Reunidas won deals to build a major synthetic rubber project in Saudi Arabia for a joint venture between Saudi Basic Industries Corp and U.S. Exxon Mobil Chemical.

June 26, 2012 11:19
 
Saudi Arabia keeps oil tap on

Saudi Arabia keeps oil tap on for world growth, Russia hurts

Saudi Arabia is showing no sign of changing its policy of high oil output to support global economic growth, despite a fall in crude prices below $90 a barrel for the first time in 18 months.

June 26, 2012 11:11
 
saudi-arabia-allows-women-to-compete-in-olympic-games-1340573164-7638

Saudi Arabia will enter women in London Olympics

Saudi Arabia will allow its women athletes to compete in the Olympic Games for the first time ever in London this summer, the Islamic kingdom's London embassy said on its website.

June 26, 2012 10:49
 
Tokio Marine affiliate soars in Saudi bourse debut

Tokio Marine affiliate soars in Saudi bourse debut

Shares in an affiliate of Japanese insurance giant Tokio Marine & Nichido Fire Insurance Co soared as they listed on the Saudi Arabian stock market , showing strong demand for fresh equity among Saudi investors despite the global market slump.

June 24, 2012 6:10
 
low stocks

Stocks news Middle East Saudi stocks close 0.9 percent lower

The all-share ends 0.9 percent lower at 6,774 points and the petrochemical index ends 0.8 percent lower at 5,964 points.

June 24, 2012 9:55
 
Syrian rebels

Saudi Arabia and Qatar funding Syrian rebels

Saudi Arabia and Qatar are paying salaries to rebel forces fighting in the Syrian revolt against President Bashar al-Assad, an Arab diplomat said on Saturday.

June 24, 2012 9:53
 
saudi aramco

Saudi Aramco, Sumitomo to sign Rabigh deals soon

State oil giant Saudi Aramco and Japan's Sumitomo Chemical are close to signing multi-billion-dollar contracts to expand their petrochemical complex in Saudi Arabia, industry sources said.

June 21, 2012 5:17
 
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