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Saudi Healthcare Firm Said to Start IPO in Wake of Aramco Sale
One of Saudi Arabia’s largest private healthcare operators plans an initial public offering next month, according to people familiar with the matter, in what will be a litmus test for investor appetite after the world’s biggest share sale. Dr. Sulaiman Al Habib Medical Group appointed Jadwa Investment and Riyad Capital as advisers, the people said, asking not to be identified because the matter is private.
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Portuguese motorbike rider dies during 7th stage of Dakar Rally
"After meeting the riders and making a decision together with the entire motorbike family, the organisers have decided to cancel stage 8 for the motorbikes and quads category, which was supposed to take place on a loop course around Wadi Al-Dawasir, in order to give the riders time to mourn their friend."
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Oil price slides as hedge funds’ buying fades
Despite the increase in tensions across the Middle East after the killing of an Iranian general by a U.S. air strike, hedge fund managers added only modestly to their bullish position in petroleum last week.
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U.S. to announce ‘actions’ after Saudi military trainees review
Several news outlets, including CNN, Washington Post and the Associated Press, reported that more than a dozen Saudi servicemen who are training at U.S. military bases will be expelled from the United States.
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Service launched to report violations of detainee rights in Saudi Arabia
The Public Prosecution has launched, in collaboration with the Absher platform, an electronic service that allows citizens and residents to submit complaints in case of any violation of the rights of detainees arrested for breaking the law.
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Real Madrid Win Saudi-Hosted Super Cup after Tense Penalty Shootout with Atletico
Real Madrid were crowned winners of the first edition of the revamped Spanish Super Cup in Saudi Arabia on Sunday, beating city rivals Atletico Madrid 4-1 in a penalty shootout following a goalless draw after extra time in a tense final.
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OPEC Is Making Even Deeper Cuts Than Planned
As in all previous months, Saudi Arabia overcomplied significantly with its share of the cuts, helping the cartel achieve the new quota effective January a month early. Saudi Arabia’s December oil production was 9.82 million bpd, as per the Platts survey. This is way below the December quota of 10.3 million bpd and even below the new Q1 2020 Saudi quota of 10.14 million bpd.
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Commentary: Energy markets underestimate Middle East supply vulnerability
Complacency over risks and the belief that the market is abundantly supplied has meant that oil prices can no longer be used as a barometer of stability in the region. Instead of rising in anticipation of potential disruption, the market now reacts, briefly, before falling back on fundamentals. This is a very different dynamic to just a few years ago.
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Saudi Arabia Condoles Oman on Death of Sultan Qaboos
Saudi Arabia's Royal Court issued on Saturday a statement to extend the kingdom's condolences over the death of Sultan Qaboos bin Said bin Taimur. "With the utmost sadness and grief, the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Prince Mohammad bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense, received the news of the death of Sultan Qaboos bin Said bin Taimur of Sultanate of Oman," the statement read.
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Natural Gas Strategies for the Saudi Energy System
Fuel prices in the Kingdom of Saudi Arabia have historically been below international market values. This has stimulated rapid growth in primary energy demand. The Kingdom’s natural gas demand has now outstripped its domestic production, forcing the government to impose rations on consuming sectors, and raising expectations that natural gas production and prices in Saudi Arabia will increase over the next decade.
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