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Nayef vows to use 'all means' to protect HajCrown Prince Nayef, the new heir to Saudi Arabia's King Abdullah, warned that the kingdom would use 'all means' to ensure a peaceful Haj pilgrimage amid tumult in other Arab countries and rising tensions with Iran. Millions of More… |
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2.5 million pilgrims begin HajAt least 2.5 million Muslims began the annual Haj pilgrimage on Sunday, heading to an camp near the holy city of Mecca. Travelling on foot, by public transport and in private cars, the pilgrims will stream through a mountain pass to a vall More… |
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Al Salam, Brunei Bank JV to manage Makkah towerBahrain-based Al Salam Bank, a leading Shari’ah compliant institution and Perbadanan Tabung Amanah Islam Brunei (TAIB), a leading Islamic financial institution, have entered into a strategic partnership on Burj Al Safwa Tower in Makkah. Al More… |
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Al Salam, Brunei bank sign Makkah tower dealBahrain-based Al Salam Bank, a leading Shari’ah compliant institution and Perbadanan Tabung Amanah Islam Brunei (TAIB), a leading Islamic financial institution, have entered into a strategic partnership on Burj Al Safwa Tower in Makkah. Al More… |
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Saudi Rail delays Mecca tendersThe Saudi Railways Organization (SRO) has delayed the issuing of the first package of tenders for the high speed rail link between Makkah and Madinah until the end of August, a report said. The tenders for the civil works contract wer More… |
Binladin Group to raise $500m for Makkah projectSaudi Arabia's Binladin Group is raising a $500 million Islamic loan to fund a $6 billion real estate project, a report said. Binladin group is developing the Abraj Al-Bayt project near the Grand Mosque in Makkah. The pro More… |
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Makkah property developer seeks $537m in IPOSaudi Arabia's Jabal Omar Development Co., which is building hotels and apartments in Makkah, opens an initial public offering on Saturday to raise 2.01 billion riyals ($537 million). Analysts expect the IPO to be oversubscribed, given the More… |
