Wednesday 1 April 2015
 
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Jeddah Metro to start operation by 2020

Saudi Arabia plans to open bidding for construction of a metro rail system in the commercial hub of Jeddah this year and begin operating it in 2020, an official from the state-backed firm managing the project said. The plan for th

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Jeddah Metro to start operation by 2020

Saudi Arabia plans to open bidding for construction of a metro rail system in the commercial hub of Jeddah this year and begin operating it in 2020, an official from the state-backed firm managing the project said. The plan for th

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Potential loopholes could limit impact of Saudi land tax

A planned tax on undeveloped urban land may transform Saudi Arabia's real estate market, boosting construction and making homes more affordable, but potential loopholes could dilute the impact and make the effect on the market hard to predic

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Swicorp closes Saudi real estate fund deal

Swicorp, a leading asset management, private equity and investment banking firm with a specific regional focus on the Middle East and North Africa (Mena) region, has joined hands with Saudi-based urban development company Retal to raise funds fo

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Military push will last until Yemen stable: Saudi

A Saudi-led alliance will pursue an offensive against Houthi forces opposed to Yemeni President Abd-Rabbu Mansour Hadi until Yemen is stable, Saudi Arabian Foreign Minister Saud Al-Faisal said in remarks published on Tuesday. &quo

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Saudi to lure investors with big infrastructure projects

Saudi Arabia is working on a new investment policy that will see bidders who supply for government projects being encouraged to set up manufacturing facilities across the country, said a senior economic official. The kingdom is spending

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Saudi Arabia to use infrastructure projects for FDI boost

Saudi Arabia will use multi-billion-dollar infrastructure projects to attract foreign investment in sectors such as transport, healthcare and industrial equipment, a senior economic official said. The kingdom is spending tens of b

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GCC banks register double-digit growth in 2014

The banking industry in the Middle East maintained double-digit revenue growth in 2014 with a 10 per cent increase, stemming largely from major customer segments such as retail and corporate banking as well as international business and treasury

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Saudi King open to a meeting of all Yemeni parties

Saudi Arabia is open to a meeting of all Yemeni political parties who are willing to preserve Yemen's security and stability, state news agency SPA quoted King Salman as saying in a cabinet statement on Monday. Such a meeting

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No decision yet on sending troops to Yemen: Saudi

Saudi Arabia is focussing on using air strikes to combat Iranian-allied Houthi fighters in Yemen, and has not contemplated sending in ground troops, the country's ambassador to the US told NBC on Sunday morning. "We haven

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