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Saudi Arabia

Saudi sovereign fund expands footprint with Jordan investment firm

DUBAI, March 28 Saudi Arabia's top sovereign wealth fund said on Tuesday it was expanding its international presence by creating an investment firm that would pursue real estate, energy, tourism and infrastructure projects in Jordan.

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Saudi Arabia sweetens huge Aramco IPO with tax cut 11:03am BST

JEDDAH, Saudi Arabia/RIYADH Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest equity sale.

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Saudi Arabia sweetens huge Aramco IPO with tax cut 10:58am BST

JEDDAH, Saudi Arabia/RIYADH Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest equity sale.

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Citi applies for capital markets license in Saudi Arabia: sources 10:33am BST

KHOBAR/DUBAI Citigroup has formally applied for a license to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a move to return to the country after an absence of nearly 13 years.

COLUMN-Market share or higher prices? The Saudi, Russia oil dilemma: Russell 8:35am BST

SINGAPORE, March 28 Saudi Arabia and Russia are likely to discover that when pursuing two incompatible goals, the one deemed less important will ultimately be sacrificed.

Saudi Arabia faces $6 billion U.S. lawsuit by September 11 insurers 24 Mar 2017

NEW YORK Saudi Arabia is facing a renewed $6 billion (4.81 billion pounds)lawsuit by dozens of insurers seeking to hold it responsible for business and property damage caused by the Sept. 11, 2001 attacks.

Saudi Arabia faces $6 bln U.S. lawsuit by Sept. 11 insurers 24 Mar 2017

NEW YORK, March 24 Saudi Arabia is facing a renewed $6 billion lawsuit by dozens of insurers seeking to hold it responsible for business and property damage caused by the Sept. 11, 2001 attacks.

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Exclusive: Saudi exports to U.S. to fall by 300,000 barrels per day in March - official 24 Mar 2017

DUBAI Saudi Arabia's crude exports to the United States in March will fall by around 300,000 barrels per day from February, in line with OPEC's agreement to reduce supply, a Saudi energy ministry official said on Thursday.

Saudi bourse to start new settlement period, short-selling on April 23 24 Mar 2017

DUBAI, March 24 Saudi Arabia's stock exchange said it would extend the period for settling trades and introduce short-selling on April 23, reforms that may help the market join international equity indexes, attracting billions of dollars of fresh investment.

RPT-COLUMN-Saudi Arabia tries to drain oil stocks while protecting customer relationships: Kemp 24 Mar 2017

LONDON, March 23 Saudi Arabia faces a difficult balancing act as it tries to work down excess global crude stocks while protecting relationships with important refining customers in the United States and Asia.

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Investigators probe Mosul blast as Iraqi forces push into Old City

MOSUL, Iraq Investigators are in the Iraqi city of Mosul to determine whether a U.S.-led coalition strike or Islamic State-rigged explosives caused a huge blast that destroyed buildings and killed more than 200 people, a U.S. military commander said.