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Alkhabeer Capital, a Saudi Arabia-based Islamic investment and advisory firm, plans to expand its discretionary management business and apply for a listing on the Saudi stock exchange later this year, its chief executive told Reuters.
Four more people have died of the Middle East Respiratory Syndrome coronavirus (MERS-Cov), raising the total in the Kingdom to 400, the Ministry of Health’s Command and Control Center said Monday.
Jeddah-based Islamic investment firm Sedco Capital plans to launch a Luxembourg feeder fund for its Gulf money market fund and is exploring ways to offer a Saudi-specific product to international investors, its lead fund manager said.
Saudi Arabia raised the official selling prices (OSPs) for its oil deliveries to Asia and the United States on Tuesday, in the latest signal OPEC's largest exporter is seeing signs of stronger demand.
Kerry will leave the Iran talks in the Swiss resort town of Montreux later Wednesday and fly to Riyadh where he will see the new Saudi monarch, King Salman, and meet separately with the foreign ministers of the members of the Gulf Cooperation Council: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The Sunni-ruled Gulf states, like Israel, are unnerved by Shiite Iran's suspected pursuit of nuclear weapons and its increasing assertiveness throughout the region.
IDEX is much like Washington’s mega-military tradeshow and convention known as AUSA, by the Association of the United States Army. But the show in Abu Dhabi is much larger, thanks to the attendance of many international firms, including U.S.adversaries. Arms made in China, Russia and even Sudan, countries that don’t attend tradeshows in the United States, are all on display here and their military leaders roam – and deal – freely.
Sharif is expected in the Kingdom this week. The exact details of what the Pakistani nuclear commitment to the Kingdom includes is, of course, among the most closely held secrets of our world. Salman has also hosted the Egyptian president, Abdel Fattah el-Sisi and the Turkish president, Recep Tayyip Erdogan, this weekend as well as Jordanian King Abdallah II.
Egypt’s parliamentary elections, already behind schedule, face new delays after a court ruled Sunday that portions of the election law are unconstitutional.
The largest economy in the oil-producing GCC may open the stock market to overseas investors from April, three people briefed on the plans said in December. Opening the $542 billion exchange may prompt MSCI to include the bourse in its emerging market gauge by 2017, luring as much as $40 billion of foreign cash, Schroders said in July.
Hadi called for the relocation of embassies to Aden, as several GCC members have done already. U.S. ambassador to Yemen Matthew Tueller met with Hadi in Aden on Monday and said Hadi remained the "legitimate" leader of Yemen. The British ambassador made a similar visit Tuesday.
