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  • Labor
    Small retailers to face Saudi feminisation rules for the first time

    Saudi Arabia’s feminisation program will be expanded to include some retail stores will fewer than five employees for the first time from October 25. Retailers selling women’s perfumes, maternity wear, abayas, shoes, bags, clothes and fabrics are to be included in what will be the third phase of the government’s plan to increase female employment.

  • Finance
    Aluminum Bahrain Plans Listing on Saudi Arabia Exchange

    Aluminium Bahrain, the second-largest aluminum smelter in the Middle East, is planning to cross-list its shares in Saudi Arabia, according to four people familiar with the matter.

  • Social Media
    Who’s the king of the GCC social media ring?

    The UAE comes out on top with high Facebook and LinkedIn penetration rates, yet Saudi Arabia leads the region on most platforms, especially Twitter. According to the Arab Social Media Report published in May this year, Facebook usage in the Arab world has expanded to approximately 81 million users, while LinkedIn and Twitter user numbers have also grown to 8.5m and 6m, respectively.

  • Saudi Charities
    Saudi Shoura okays draft law to regulate fund-raising

    According to the law, only licensed agencies can collect donations. They will have to issue statement about their revenues and expenditure as well as about the volume of their collections in cash and kind. The law also contains rules and regulations with regard to launching a charity campaign.

  • Global Oil Markets
    OPEC Splits on Response to Falling Oil Prices

    A split in response to falling oil prices emerged among members of the Organization of the Petroleum Exporting Countries after Saudi Arabia cut its oil production sharply last month while other leading members raised their output. Saudi Arabia, the cartel's kingpin, said Wednesday it had cut its crude production by about 400,000 barrels a day in August. An industry official said the drop was tied to lower exports to the kingdom's core Asian markets.

  • Libya
    Islamists in Libya’s Benghazi probably kidnapped 25 missing soldiers

    Islamists militants in Libya have probably kidnapped up to 25 soldiers who are missing in the eastern city of Benghazi and killed five others, an army commander said on Wednesday, as the two sides battled over control of the airport.

  • Unrest in Yemen
    Saudi Arabia evacuates students from restive Yemen

    The Saudi Higher Education Ministry has issued instructions to evacuate 60 Saudi students who are studying at the University of Science and Technology (UST) in Sanaa due to the country’s volatile security situation, reports said on Tuesday.

  • OPEC
    OPEC Says World Will Need Less of Its Oil Next Year

    OPEC said demand for its crude oil will be lower than expected next year, with a surge in U.S. output potentially bringing its production to levels not seen since the past decade. In its monthly oil-market report, the Organization of the Petroleum Exporting Countries said it had lowered the estimate of demand for its crude by 200,000 barrels a day for 2015 and by the same amount for this year. As a result, markets will need 300,000 barrels a day less of OPEC crude next year, it said.

  • Saudi Stock Market
    Saudi Arabia outlines plans for a more open market

    The CMA’s decision to set firm boundaries on ownership levels within individual companies and on the exchange as a whole will also reassure the owners and managers of local firms who had expressed concerns over being swamped by a tide of overseas capital.

  • Oil
    Why Now is the Worst time for Saudi Arabia’s Giant New Oil Refinery to Come Online

    Yanbu is coming online at a time when crude demand growth in Asia is disappointing, the region's refiners are struggling to make decent profits, crude prices have gone into contango and Middle East producers are cutting official selling prices (OSPs).