Saturday 18 April 2015
 
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Saudi Arabia

Iran submits four-point Yemen peace plan to UN

Iran's foreign minister on Friday submitted a letter to UN Secretary-General Ban Ki-moon outlining a four-point peace plan for Yemen, where Iranian-backed Houthi rebels have been targeted for three weeks by Saudi-led air strikes.

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Saudi in deal to buy stake in Canadian grain firm

Saudi Arabia's state-owned agricultural investment firm and US grain trader Bunge Ltd will buy a controlling stake in Canadian grain handler CWB in a bold move by the Gulf state to secure food supplies. G3 Global Grain Group,

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Saudi in deal to buy stake in Canadian grain firm

Saudi Arabia's state-owned agricultural investment firm and US grain trader Bunge Ltd will buy a controlling stake in Canadian grain handler CWB in a bold move by the Gulf state to secure food supplies. G3 Global Grain Group,

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Riyadh Travel Fair sees 200 exhibitors at inaugural event

The Riyadh Travel Fair (RTF), the largest tourism travel fair of its kind in Saudi Arabia, kicked off last night at the Four Season Hotel Riyadh with over 200 exhibitors from 50 different countries at the event. The premier show, now in

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Hilton appoints new VP operations for Saudi Arabia

Hilton Worldwide, a leading luxury hospitality company, has appointed Kamel Ajami as vice president of operations for Saudi Arabia.    Bringing a wealth of industry experience spanning 35 years, Ajami takes the helm of H

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Rosewood Jeddah hosts regional review of properties

Rosewood Jeddah, a leading luxury hotel in Saudi Arabia, hosted a selection of VIP’s from Middle East governments, travel industry and business world in a regional review of properties from the Rosewood Hotels & Resorts collection.

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Saudi Arabia to expropriate 749 properties

Saudi government is set to expropriate more than 749 properties around the country at a cost of SR466.4 million ($124 million) for future infrastructure projects, said a report. The Ministry of Municipal and Rural Affairs has alre

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Lukoil likely to pull out of Saudi Arabia

Lukoil will likely pull out from Saudi Arabia where the economics of its search for gas have been crushed by the collapse of the oil price, three industry sources said. Lukoil is Russia's largest private oil company. The Russi

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Saudi's Al Rajhi Bank posts 11 pc quarterly profit drop

Al Rajhi Bank, Saudi Arabia's second-largest lender, posted an 11 per cent drop in its first-quarter net profit, it said on Monday, missing analyst forecasts. The bank made 1.52 billion riyals ($405.3 million) in the three mon

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Saudi Arabia trims oil supply to some Asian buyers

Saudi Arabia has reduced contractual crude supplies to some customers in Japan and South Korea since March by trimming the volumes of oil loaded, six industry sources familiar with the matter said.  

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