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Saudi’s Acwa bidding for over $4.9bn power projects
Saudi Arabia’s power generation firm Acwa Power, which recently won a solar power project in Dubai, is bidding for 3-4 projects worth more than $5 billion (Dh18.35bn), reflecting good growth in renewable energy sector in the region, said a senior official.
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Saudi Arabia named ‘most miserable’ GCC country
Saudi Arabia may be ranked the most miserable country in the GCC, its overall position on a list of 108 countries is 47. That is some way behind Venezuela, in first, where consumer prices in the country are a key factor in the nation’s calculation of relative ‘misery’.
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Saudi frees women’s rights activist close to blogger
A woman who co-founded the Saudi Liberal Network Internet discussion group with blogging activist Raef Badawi has been freed after about three months in prison, her daughter said Sunday.
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Two US defence contractors shot at in Saudi
A US defence contractor said Sunday that two of its American employees came under fire in the latest attack against Westerners in Saudi Arabia.
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Saudi Prince’s New News Channel Halts Broadcasting
A new pan-Arab news channel backed by a billionaire Saudi prince was suspended from broadcasting from its home in Bahrain on Monday, just hours after it went on air and carried an interview with a prominent opposition activist.
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Saudi Arabia to Allow Foreign Investment in Changed Markets
Saudi Arabia faces some unexpected marketing challenges as it opens its stock market to foreign investment.
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Saudi beheads murderer, 5th execution under new king
Saudi Arabia on Sunday beheaded a convicted murderer, bringing to five the number of people executed since new King Salman took office, continuing the kingdom's use of the harshest punishment.
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Lavish freebies from Saudi king to buoy economy, markets
A lavish payout to public employees ordered by Saudi Arabia's new King Salman will help to sustain the kingdom's consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices.
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Crisis veteran Naimi stays to hold line on Saudi oil policy
The new Saudi king's decision to keep Ali al-Naimi in his job as oil minister signalled to energy markets that the world's top crude exporter would not flinch from its policy of refusing to cut output as it fiercely guards market share.
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Obama: Netanyahu’s visit too close to election for meeting
President Barack Obama says he will not meet with Israeli Prime Minister Benjamin Netanyahu in March because his trip to Washington comes too close to Israel's upcoming elections.
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