Thursday, May 03, 2012
The following is a Zawya Dow Jones selection of stories translated from Arabic newspapers published on May 3.
SAUDI ARABIA:
AL RIYADH
EMIRATES AIR TO ADD FLIGHTS TO SAUDI ARABIA THIS SUMMER
Dubai-based Emirates Airline, the Middle East's largest air carrier, plans to increase available seats on flights to Saudi Arabia by 12% this year. The airline will add four new flights a week from Jeddah starting from June 1 and three new flights a week from Riyadh starting from early August.
Website: www.alriyadh-np.com
OKAZ
SAUDI JABAL OMAR TO LAUNCH PHASE 3 OF MECCA RE PROJ SOON
Saudi Arabia's Jabal Omar Development Co. (4250.SA), or JODC, plans to launch soon the third phase of its large-scale mixed-use real-estate project in the Saudi holy city of Mecca. JODC has secured a loan worth 3 billion Saudi riyals ($799.9 million) from the kingdom's finance ministry to cover the cost of this phase.
Website: www.okaz.com.sa/okaz
QATAR:
AL ARAB
QATAR'S QAFCO TO START TRAIN 6 OPERATIONS IN DEC
Qatar Fertiliser Co., or Qafco, expects to start operations at its under-construction Qafco VI train in December which will boost its annual production capacity of urea to 5.6 million tons.
Website: www.alarab.com.qa
EGYPT:
AL AHRAM
EGYPT FIN MIN SAYS THERE ARE ALTERNATIVES TO IMF LOAN
The Egyptian finance minister Momtaz El-Saied said there are alternatives to foreign funding to plug the country's deficit, including recourse to land and dollar deposit certificates to Egyptians working abroad, besides the $3.2 billion loan facility from the International Monetary Fund.
Website: www.ahram.org.eg
By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
03-05-12 0907GMT
