Saturday 25 April 2015
 
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IDB unit to lead manage $480m Ivory Coast sukuk

The Islamic Corporation for the Development of the Private Sector (ICD), an arm of the Jeddah-based Islamic Development Bank, said it would lead manage a 300 billion CFA franc ($480 million) Islamic bond programme for Ivory Coast.

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Saudi to remain dominant in GCC construction market

Saudi Arabia is likely to remain the dominant construction market in the GCC for the foreseeable future, with an estimated $200 billion spend in construction planned over the next two years and much more in the pipeline, according to a report.

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After Yemen attack, Saudi may struggle with peacemaker role

Saudi Arabia has bombed Yemen for four weeks but may be little closer to imposing influence in its war-torn neighbour. As the kingdom winds down the campaign it led against Yemen's Houthis, a militia allied to its regional riv

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Saudi malls security tightened after terrorism warning

Shopping malls in Saudi Arabia have tightened security after the interior ministry issued a warning over possible attacks. At the upscale Kingdom Centre Mall in central Riyadh, security guards inspected bags and scanned visitors w

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Saudi malls security tightened after terrorism warning

Shopping malls in Saudi Arabia have tightened security after the interior ministry issued a warning over possible attacks. At the upscale Kingdom Centre Mall in central Riyadh, security guards inspected bags and scanned visitors w

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Bahrain directs humanitarian relief for Yemen

A package of measures to help rebuild conflict-hit Yemen is being planned by the Saudi-led coalition, of which Bahrain is a part. This was revealed yesterday (April 23) by Foreign Minister Shaikh Khalid bin Ahmed Al Khalifa, who w

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Cheap oil slows Saudi, UAE projects but Qatar, Kuwait rise

Low oil prices are slowing new economic projects in Saudi Arabia and the UAE but project awards have accelerated in Qatar and Kuwait, the Abu Dhabi Commercial Bank (ADCB) said in a report showing the mixed impact of cheap oil on the Gulf.

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Saudi's Mobily names new managing director

Saudi Arabia's Mobily has appointed Khalifa Hassan al-Shamsi as managing director, the loss-making telecommunications operator said on Thursday. Shamsi will replace disgraced predecessor Khalid Al Kaf, who left Mobily in Febru

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Oil extends gains as Yemen bombing continues

Oil prices extended gains on Thursday as renewed fighting in Yemen brought focus back on potential supply disruptions in the Middle East. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement b

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Egypt receives $6bn from Saudi Arabia, UAE, Kuwait

Saudi Arabia, Kuwait and the United Arab Emirates deposited $6 billion with Egypt's central bank on Wednesday, the bank's governor said, a sign the Gulf powers remain committed to propping up the Egyptian economy. "To

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