Jeddah News
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Updated 1 hour, 44 minutes ago
A container ship broke into two parts in the Indian Ocean and was sinking after a storm caused it hull to crack and set one of the sections ablaze.
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United Arab Emirates shares fell the most in almost a week as concern the civil war in Syria may escalate hurt investor sentiment across the Middle East.
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The Jeddah Phase 4 desalination unit on the Red Sea coast has resumed operations after a fire erupted on June 13, according to a statement today by the Saline Water Conversion Corp.
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Shares on Saudi Arabia’s stock exchange, the Arab world’s biggest, had the largest drop in almost two years, led by banks and telecom companies, amid concern that fighting in Syria may escalate.
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From a new stone tower on the border with Yemen, Saudi soldiers send out patrols in search of smugglers carrying drugs or weapons. They’re also trying to turn back a growing wave of illegal migrants drawn to the biggest economy in an Arab world rocked by political turmoil.
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Saudi Arabia’s General Authority of Civil Aviation, which raised 15 billion riyals ($4 billion) from Islamic bonds sale last year, hired three banks for another local-currency offering, a banker familiar with the matter said.
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When Saudi recruiter Tariq Alkahily interviews female job applicants, one of the first questions they usually ask is: Will I be required to mix with men at work?
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The International Islamic Financial Market, a Bahrain-based standards-setting body, issued global guidelines that will provide a universal reference point for Shariah-compliant contracts banks can use to manage funds.
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Saudi Arabia may need to persuade OPEC members to cut output to help keep oil prices above $100 level through the rest of the year, according to the Kingdom’s largest lender by assets National Commercial Bank.
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Saudi Arabia’s national water company agreed to a 2.2 billion-riyal ($587 million) supply deal with Jeddah Economic Co. for the Kingdom tower project in the Red Sea port of Jeddah, Saudi Press Agency reported.
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