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Saudi Arabia

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  • *SocGen, BTMU, Goldman set up sukuk programmes since June. Sept 14- Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.

  • *OPEC August output 1.15 mln bpd above 2015 requirement. LONDON, Sept 10- Top oil exporter Saudi Arabia told OPEC it reduced its oil output in August by 400,000 barrels per day, a cutback coinciding with a drop in oil prices towards the kingdom's preferred level of $100 a barrel.

  • LONDON, Sept 10- Top oil exporter Saudi Arabia told OPEC it reduced its oil output in August by 400,000 barrels per day, a cutback coinciding with a drop in oil prices towards the kingdom's preferred level of $100 a barrel.

  • *OPEC delegates blame oversupply for price drop. LONDON/ DUBAI, Sept 8- Oil's slide below $100 a barrel on Monday adds to financial worries for OPEC members, prompting some in the producer group to voice concern about too much oil in the market even if they see the current fall as short lived.

  • *OPEC delegates blame oversupply for price drop. LONDON/ DUBAI, Sept 8- Oil's slide below $100 a barrel on Monday brings prices closer to levels where more OPEC countries face financial worries, prompting some in the producer group to voice concern about too much oil in the market.

  • *Reforms since 2011 have pushed many into private sector jobs. *But costs, inefficiencies are hurting companies. RIYADH, Sept 4- Saudi Arabia is changing tack in its labor reforms, softening the blow to companies with money for subsidies and training while trying to lure Saudis to the private sector with more attractive working conditions.

  • *Took place in Eastern Province where minority Shi'ite live. DUBAI/ RIYADH, Sept 2- A small fire erupted on a gas pipeline in eastern Saudi Arabia on Tuesday after assailants shot at a security patrol, security and oil industry sources said, in an incident that may heighten concern about the vulnerability of Saudi energy infrastructure.

  • *Riyadh seeks strong Sunni representation in Iraq government. The Al Saud have long seen the conflicts in Iraq and Syria as a pivotal battle for the future of the Middle East, pitting Sunni Muslims against a radical, revolutionary, Shi'ite Iran.

  • DUBAI/ RIYADH, Aug 25- Iranian Deputy Foreign Minister Hossein Amir Abdollahian left for Riyadh on Monday, state news agency IRNA reported, in the first visit to Saudi Arabia by a senior government official since Iran's political landscape shifted in 2013..

  • Commodities Next Week: Oil prices lower     Friday, 22 Aug 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week.

  • DUBAI, Aug 21- Saudi Arabia's stock market regulator proposed rules on Thursday for opening the $580 billion market to direct investment by foreign institutions, including a 10 percent cap on foreign ownership of the market's value. The Saudi Capital Market Authority published the draft rules on its website on Thursday.

  • An end to 'blood for oil'? Maybe not just yet Wednesday, 20 Aug 2014 | 2:26 PM ET
    Red Adair fire fighting crew work on a blown-out well damaged by retreating Iraqi soldiers in Al-Ahmadi oil field in southern Kuwait,  March 29, 1991.

    As booming shale pushes U.S. oil production to near 9 million barrels per day, some say U.S. strategic interests are being realigned.

  • Pickens: Brent crude will be above $100 forever Tuesday, 19 Aug 2014 | 11:19 AM ET
    T. Boone Pickens

    Pickens also shared some investing ideas within the energy sector, including his thoughts on MLPs and producer consolidation.

  • PARIS, Aug 18- Armed gunmen ambushed a Saudi prince's convoy on the outskirts of Paris on Sunday evening, making off with a large amount of cash and some private documents in what police said looked like a raid by well-informed attackers.

  • Commodities Next Week: Ukraine moves oil     Friday, 15 Aug 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Increased tensions in Ukraine spiked oil prices today. Corn and wheat also spiked on geopolitical concerns.

  • The oil spike that wasn't: Prices defy turmoil Thursday, 14 Aug 2014 | 7:47 AM ET
    Pump jacks and wells on the Monterey Shale formation in California

    The Middle East and other oil-producing countries are hotbeds of instability. So why is oil falling instead of rising?

  • RIYADH/ DUBAI, Aug 14- Seventy-year-old Saudi Arabian stock speculator Mohamed al-Otaibi says he lost hundreds of thousands of dollars in the crash of 2006, but he's back trading again as the Arab world's biggest bourse prepares to open to direct foreign investment.

  • BEIRUT, Aug 12- Islamic State insurgents who seized a Lebanese border town this month planned to turn Lebanon into another Iraq by unleashing sectarian war between Sunnis and Shi'ites that would have endangered the nation's very existence, the army commander said.

  • *Liberia declares 90- day state of emergency. FREETOWN/ MONROVIA, Aug 7- The army blockaded rural areas hit by the deadly Ebola virus in Sierra Leone on Thursday, a senior officer said, after neighbouring Liberia declared a state of emergency to tackle the worst outbreak of the disease, which has killed 932 people.

  • *Police in eastern Sierra Leone blockade Ebola-hit towns. FREETOWN/ MONROVIA, Aug 7- Police and soldiers in Sierra Leone blockaded rural areas hit by the deadly Ebola virus on Thursday, a senior officer said, after neighbouring Liberia declared a state of emergency to tackle the worst-ever outbreak of the disease, which has killed 932 people.