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Saudi Electricity Company links 7 new transformers to main power grid
The Saudi Electricity Company has started of seven power transformer stations in the northern area with a total value of $560mln
Saudi banks see no significant impact from lira depreciation - Alekhbariya TV tweet
National Commercial Bank, Saudi Arabia's largest bank by assets, said there was limited impact from the decline of the lira on the bank.
Deals signed to build 10,000 housing units in Jeddah
So far, 46 projects have been launched, offering 66,621 housing units
Saudi Arabian intellectual property authority launches online facility
The online move will also improve performance according to the latest technical developments and emphasize the authority’s move toward digital transformation.
Madinah introduces multilingual double-decker bus tour for Haj pilgrims
Trips start from the northern and southern entrances of the Prophet’s Mosque
Dubai regulator probes Abraaj Capital, stops it from taking on new work
Dubai's financial services regulator has stopped Abraaj Capital from taking on new business or moving money to Abraaj Investment Management
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Crisis threatens Turkish banks' loan refinancing efforts
Around $7bln of Turkish loans are due to mature between now and the end of the year, according to LPC data.
UAE banks' weakening asset quality, but improved funding & liquidity: Fitch
Fitch Ratings says a challenging operating environment in 2017 in the UAE resulted in weaker asset-quality metrics.
China's stealth housing support is looking wobbly
Officials are tweaking a $470bln program through which the People’s Bank of China effectively provides lenders with cheap loans
