Wednesday, Jun 17, 2009
The following is a Zawya Dow Jones selection of stories translated from Arabic newspapers published on June 17.
SAUDI ARABIA:
AL RIYADH
SAUDI RAJHI TO SUPPLY STEEL TO HARAMAIN RAIL PROJ
Saudi Arabia's Rajhi Steel Industries has recently signed a contract to supply reinforcing steel to the Haramain rail project that will link the two holy cities of Makkah and Medina via Jeddah. The contract was signed with Al Arrab Contracting Co.
Web site: www.alriyadh-np.com
AL WATAN
SAUDI TUWAIRQI, BKS AGREE TO RESCHEDULE SAR6B OF DEBT
Saudi Arabia's Al Tuwairqi Group has reached an agreement with six local and foreign banks to reschedule debts worth 6 billion Saudi riyals ($1.6 billion).
SAUDI MULLS SETTING UP CO TO IMPLEMENT WATER, ELEC PROJS
The Saudi government is considering setting up a company that will be involved in the implementation of water and electricity projects in the Kingdom. The new company will integrate six mega water and electricity projects of the three Saudi utilities Saline Water Conversion Corp., Saudi Electricity Co., and Power and Water Utility Company for Jubail and Yanbu, or Marafiq.
Web site: www.alwatan.com.sa
KUWAIT:
AL WATAN
KUWAIT WATANIYA FACES BARRIERS TO OPERATE PALESTINE GRID
Kuwait's Wataniya Telecom is in talks to resolve the crisis of access to the necessary radio frequencies to operate its network in the Palestinian Territories.
KUWAIT TO IMPORT 500 MCF/DAY GAS FOR ELEC GENERATION
Kuwait will be ready to import 500 million cubic feet a day of natural gas for electricity generation starting from the end of this month.
Web site: www.alwatan.com.kw
BAHRAIN:
AL WASAT
ALLIANZ TAKAFUL TO OPEN BRANCHES IN BAHRAIN, QATAR
Allianz Takaful-Bahrain, the Islamic insurance arm of Germany's Allianz Group, plans to open two branches in Bahrain and one in Qatar this year.
Web site: www.alwasatnews.com
QATAR:
AL ARAB
QATAR, PORSCHE DEAL TO BE CLARIFIED WITHIN 3 WEEKS
The deal involving Qatar's plan to buy a stake in German luxury carmaker Porsche will be clarified within the next three weeks at the latest, said Qatari Prime Minister and Minister Of Foreign Affairs Sheikh Hamad Bin Jassim Al Thani.
QATAR OVERSEAS INVEST RETURNS $8B IN LAST 8 MONTHS
Overseas investments of the state of Qatar have yielded attractive returns in the last eight months totaling about $8 billion, said Qatari Prime Minister and Minister of Foreign Affairs Sheikh Hamad Bin Jassim Al Thani.
Web site: www.alarab.com.qa
By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2009 Dow Jones & Company, Inc.
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17-06-09 0814GMT
