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  • NCB IPO
    Saudi Arabia’s NCB Rises 10% in Trade Debut After $6 Billion IPO

    IPOs in Saudi Arabia, the Arab world’s biggest economy, are picking up as the Tadawul All Share Index plans to open to foreign investors next year as it pursues a $130 billion spending plan to boost non-energy industries. Saudi Arabia typically sells stakes in state-owned companies to the public at below market value as part of efforts to redistribute the country’s wealth. “For a couple of days at least, or may be three, you will see the stock going limit up,” Saleem Khokhar, head of equities at NBAD Asset Management Group, which oversees about $2.5 billion, said by phone from Abu Dhabi. “It started trading at discount and anything between 50 riyals and 55 riyals is very good value, so you will see investors rushing to grab what’s available.”

  • Afghanistan
    What’s the Plan? The Afghan Government

    Following an election dispute that took up the bulk of 2014, the newly inaugurated Afghan unity government led by President Ashraf Ghani and CEO Abdullah Abdullah now must engage in the process of building a government. The degree to which the two camps can avoid infighting and settle on appointments will determine Afghanistan’s prospects for near- and medium-term stability. Meanwhile, a longed for but tricky reform agenda is beginning to take shape. But will it over promise and under deliver?

  • Iran Negotiations
    Two days of nuclear talks with Iran yield few indications of progress

    Kerry left Oman late Monday after devoting more than 10 hours to talks over two days with Iran’s foreign minister, Mohammad ­Javad Zarif, and E.U. representative Catherine Ashton. A senior State Department official, describing the tenor of the talks as “tough, direct and serious,” declined to characterize them as productive in any manner. The official said, however, that negotiators still believe it is possible to reach a comprehensive accord before the Nov. 24 deadline when an interim agreement expires.

  • Saudi Arabia and Alternative Energy
    Saudi Arabia Wants to Become a Major Producer of Alternative Energy

    Currently, natural gas provides around 43% of Saudi electricity, with fuel oil and diesel providing the rest, reports the IEA in a separate article. Electricity use has been increasing at 7.5% annually, adding to the already large demand in the kingdom. In 2011, Saudi electricity demand was at about 7,420 kWh per capita, more than three times as high Mexico’s per capita use, despite having similar total levels of consumption. Eighty percent of this consumption comes from Saudi’s building sector, with 70% of that coming from running air conditioning units, according to IEA reports . Because such a large amount of the electricity consumed in Saudi Arabia is linked to air conditioning, the peak demand for energy in the summer can be as much as twice the average demand in winter.

  • Tadawul Opening
    BlackRock Plans Saudi Arabia ETF Ahead of Foreign Access in 2015

    The world's largest money manager has sought approval for its iShares MSCI Saudi Arabia Capped ETF from the U.S. Securities & Exchange Commission, according to a filing posted on the SEC’s website. The fund will seek to track the results of an MSCI provisional Saudi Arabia index, according to the filing.

  • Tadawul
    Electrical Industries Seeks $194 Million From Saudi Share Sale

    Electrical Industries Co. plans to raise $194 million from an initial public offering as the Saudi company joins the kingdom’s biggest bank in tapping rebounding investor demand for share sales.

  • UK-Saudi
    The diplomat who said ‘No’ to Saudi oil

    Hindsight can be cruel. In 1932, amid a global economic slump, the impoverished Saudis came to London looking for a loan. They also had an offer: would Britain like to try drilling for oil? A disdainful Foreign Office mandarin gave the fateful reply, writes Matthew Teller - no loan, and no drilling.

  • 'Little Sparta'
    In the UAE, the United States has a quiet, potent ally nicknamed ‘Little Sparta’

    The American presence at Al-Dhafra, which the Pentagon has not publicly acknowledged, is a vital part of the U.S.-led campaign against Islamic State militants: The base’s twin runways have launched more strike aircraft — including the Air Force’s most-sophisticated warplane, the F-22 Raptor — than any other military facility in the region.

  • Jason Rezaian
    Iranian official: Washington Post journalist could be freed in ‘less than a month’

    “My hope is that before going to the court process, the prosecutor could be content to drop the case to see that maybe the accusations are not quite substantial,” Larijani said, according to a Euro­news transcript of the interview provided to The Washington Post.

  • Saudi-Afghanistan
    Saudi relief aid for Afghanistan arrives in Kabul

    A Saudi cargo plane carrying food and relief aid provided by Custodian of the Two Holy Mosques King Abdullah to Afghanistan arrived at Kabul airport on Monday evening.