Thursday, May 24, 2012

The following is a Zawya Dow Jones selection of stories translated from Arabic newspapers published on May 24.

SAUDI ARABIA:

AL RIYADH

SAUDI GACA PLANS SUKUK ISSUE TO FUND KING KHALID AIRPORT EXPANSION

Saudi Arabia's General Authority of Civil Aviation, or GACA, plans to finance the expansion of King Khalid International Airport in Riyadh by issuing sukuk.

Website: www.alriyadh-np.com

BAHRAIN:

AL WASAT

BAHRAIN BAPCO TO HIRE PRIME CONTRACTOR FOR PIPELINE PROJ BY YR END

The engineering, procurement, and construction prime contractor for a $400 million pipeline project that will carry Saudi crude oil to Bahrain's only refinery, will be appointed once the engineering designs are completed by end of 2012.

BAHRAIN BAPCO MULLS MARKETING JV TO SELL REFINERY OUTPUT

State-run Bahrain Petroleum Co., or Bapco, is considering setting up a joint venture company with an international marketing firm to sell the output of the country's only refinery after its upgrade.

Website: www.alwasatnews.com

By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com

Copyright (c) 2012 Dow Jones & Co.

(END) Dow Jones Newswires

24-05-12 0905GMT