Thursday, Mar 01, 2012
The following is a Zawya Dow Jones selection of stories translated from Arabic newspapers published on March 1.
SAUDI ARABIA:
AL WATAN
SAUDI HAS INVESTED SAR25B IN POWER TRANSMISSION
Saudi Arabia has invested more than 25 billion Saudi riyals ($6.67 billion) in its electricity transmission sector and over 50 contracting firms are implementing projects in the sector across the country.
SAUDI BINLADIN GRP LIKELY TO BUILD $3B CAUSEWAY LINK TO EGYPT
Saudi Binladin Group is expected to implement a major causeway project to link Saudi Arabia and Egypt that the two countries have agreed to re-launch. The preliminary cost estimate of the project is $3 billion and work is expected to start in mid-2013.
Website: www.alwatan.com.sa
QATAR:
AL ARAB
SHAREHOLDERS PROPOSE CONVERTING DOHA BANK INTO ISLAMIC LENDER
Qatar-based Doha Bank's shareholders have proposed converting the lender into a full-fledged Islamic bank.
Website: www.alarab.com.qa
EGYPT:
AL MASRY AL YOUM
EGYPT PETROLEUM MIN REJECTS $1B MORGAN STANLEY LOAN OVER TERMS
Egypt's minister of petroleum Abdullah Ghorab said the Egyptian General Petroleum Corp., or EGPC, an entity controlled by the petroleum ministry, refused to continue negotiations for a $1 billion loan from Morgan Stanley because of the strict terms of the loan.
Website: http://www.almasryalyoum.com
By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
01-03-12 0904GMT
