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Business Saudi Arabia

  • DUBAI, April 16- Stock markets in the Gulf may trade sideways on Sunday as investors await a fresh batch of first-quarter results and because most other markets were shut for the Easter holiday. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 percent on Friday, though many markets in the region, including Australia, Singapore and Hong Kong,...

  • The lawsuit filed late on Wednesday night in the U.S. District Court in Manhattan is the latest effort to hold entities in Saudi Arabia liable for the attacks. The 10 defendants in the lawsuit include Al Rajhi Bank, National Commercial Bank, aviation contractor Dallah Avco, the Mohamed Binladin Co, the Muslim World League, and other charities.

  • DUBAI, April 13- A generally strong start to quarterly results from companies in the Gulf may keep bourses on which they trade relatively buoyant on Thursday, but choppy international markets and an overnight fall in crude oil prices may cap some gains. "The results so far have been impressive, although it is too soon to call a bottoming in earnings or try to extract...

  • *OPEC compliance 104 pct in March, Saudi reports lower output. *2017 non- OPEC supply forecast raised, demand for OPEC crude cut. LONDON, April 12- OPEC cut oil output in March by more than pledged under a supply reduction deal and said oil inventories had fallen in February, suggesting that its effort to clear a supply glut that has weighed on world oil prices is...

  • *Dubai Islamic Bank up again after positive Q1 results. *Abu Dhabi's Union National Bank jumps on Q1 earnings beat. Shares in Qatar National Bank, the largest lender by assets in the Gulf Cooperation Council, rose 1 percent after it announced net profit of 3.2 billion riyals for the three months to March 31, up 12 percent from the prior year period and beating Arqaam...

  • LONDON/ DUBAI, April 11- Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad as part of the top crude-exporting country's drive to diversify investments before the listing of national energy giant Saudi Aramco. Aramco has also looked into investing in gas ventures abroad, including with...

  • LONDON/ DUBAI, April 11- Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad as part of the top crude-exporting country's drive to diversify investments before the listing of national energy giant Saudi Aramco. Aramco has also looked into investing in gas ventures abroad, including with...

  • WASHINGTON, April 10- A group of U.S. lawmakers said on Monday they had requested more information from President Donald Trump's administration about the potential sale of precision-guided munitions to Saudi Arabia, expressing concern about civilian casualties in Riyadh's campaign in Yemen that delayed the deal last year. The State and Defense...

  • DUBAI, April 10- Saudi Aramco's board will meet in China in May for the first time in seven years, industry sources said, as the state-owned energy firm seeks to lure Chinese and Asian investors to its giant share offering. The board, which gathers twice a year, often meets abroad but only once before had a meeting in China, in 2010.. The issue of Aramco's IPO and a...

  • LONDON/ DUBAI, April 4- London Stock Exchange's CEO Xavier Rolet is due to meet Saudi officials in Riyadh as part of a visit by British Prime Minister Theresa May, a spokeswoman for the exchange said on Tuesday. Winning a share of the Aramco listing would be a boost for the LSE, which has seen few listings since Britain's vote to leave the European Union and needs to...

  • Several factors are conspiring to keep a lid on oil, and could even send prices sharply lower, John Kilduff tells CNBC.

  • Russian Energy Minister Alexander Novak discusses his country's intention to attract investment into its oil industry to ensure the efficient exportation of deposits.

  • DUBAI, March 29- Saudi Arabia is considering whether to change the structure of its planned U.S. dollar sukuk issue, which would be the kingdom's first international issue of Islamic bonds, banking sources told Reuters on Wednesday. Riyadh is expected to sell up to $10 billion of sukuk with an issue that could take place in the next few weeks, bankers say.

  • Crude oil extends price gains

    Oil prices saw yet another day of gains this Wednesday.

  • KHOBAR/ DUBAI, March 28- Citigroup has formally applied for a licence to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a move to return to the country after an absence of nearly 13 years. The application has been made with Saudi Arabia's Capital Market Authority, whose primary role is to regulate and develop the...

  • KHOBAR/ DUBAI, March 28- Citigroup has formally applied for a license to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a move to return to the country after an absence of nearly 13 years. The application has been made with Saudi Arabia's Capital Market Authority, whose primary role is to regulate and develop the...

  • KHOBAR/ DUBAI, March 28- Citigroup has formally applied for a license to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a major move to return to the country after a roughly thirteen year absence. The application has been made with Saudi Arabia's Capital Market Authority, whose primary role is to regulate and...

  • KHOBAR/ DUBAI, March 28- Citigroup has formally applied for a licence to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a major move to return to the country after a roughly thirteen year absence. The application has been made with Saudi Arabia's Capital Market Authority, whose primary role is to regulate and...

  • *Tax on company cut to 50 percent from 85 percent. JEDDAH, Saudi Arabia/ RIYADH, March 28- Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest equity sale. A royal decree on Monday, retroactive to Jan. 1, set a tax rate of 50...

  • *Tax on company cut to 50 percent from 85 percent. JEDDAH, Saudi Arabia/ RIYADH, March 27- Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest equity sale. A royal decree on Monday, retroactive to Jan. 1, set a tax rate of 50...