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Holy city of Mecca implements roads projects valued at USD1.89bn

A number of road projects are currently under construction in the Saudi holy city of Mecca, at a total cost of approximately USD 1.89 billion (SAR 6.9 billion), an official source told Zawya.

Saudi ministry of health to complete King Abdullah complex in Jeddah by 2013

Saudi Arabia's ministry of health is currently working to complete the King Abdullah Medical Complex project in north Jeddah by the end of 2013, an official source told Zawya.

Kurdistan plans construction of three thousand housing units

Kurdistan Region Government of Iraq (KRG) is currently planning to construct three thousand housing units in the governorates of Erbil, Dohuk and Sulaimaniya; with each governorate to have one thousand units.

NBE and CIB jointly arrange syndicated loan for Bareeq Capital valued EGP1.2bn

NBE and CIB are to jointly arrange a syndicated loan valued at EGP 1.2 billion for Bareeq Capital, for the construction of the Alexandria University Hospitals project, an official source told Zawya.

Gulf Warehousing Co. to build largest food storage facilities in Qatar worth QAR1.2bn

Qatar's Gulf Warehousing Company is planning to launch a food stuffs storage facilities project, which is expected to be the largest of its kind in Qatar - at a total cost of QAR 1.2 billion (USD 329.6 million), an official source told Zawya.

Alliances prequalified for bidding on Egypt's Abu Rawash wastewater project to be announced next week

The Central Unit for PPP at Egypt's ministry of finance is expected to officially announce next week the qualifying alliances for bidding on the Abu Rawash wastewater treatment plant, an official source at the ministry told Zawya.

General Council for Islamic Banks & Financial Institutions (CIBAFI) Secretary General Omar Hafiz on Oman's entry into Islamic financial markets |

Dr. Omar Hafiz is the Secretary General of the General Council for Islamic Banks and Financial Institutions (CIBAFI), an international not-for-profit body that represents the Islamic financial services industry globally. He spoke with The Prospect Group about the role that CIBAFI plays in promoting the Islamic financial services industry, the current global demand for Islamic financial products and services, and Oman's recent implementation of Islamic financing. |

Neste Oil reports improved Q1 profits | Neste Oil reports improved Q1 profits

Matti Piri, acting CFO of Neste Oil, tells CNBC there improved first quarter operating profits are down to a turnaround in renewable fuels. | Matti Piri, acting CFO of Neste Oil, tells CNBC there improved first quarter operating profits are down to a turnaround in renewable fuels.

Egyptian Arab Land Bank seeks to sell assets worth EGP2.4bn

24 April 2013 The Egyptian Arab Land Bank is seeking to dispose of in-kind assets acquired through reconciliation operations since 2005, the bank chairman told Zawya. "The in-kind assets, which were acquired by the bank are primarily properties valued at EGP 2.4 billion. These comprise of villas, apartments, shops and other properties, which the bank seeks to liquidate; in light of the stabilizati

Egypt plans construction of a new medical city at 6th of October City

Egypt's ministry of health is currently considering the construction of a comprehensive medical city at 6th of October City - Giza governorate, an official source told Zawya.