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Posted on December 18, 2020

Pakistan returns $1bn to Saudi Arabia and turns to China for loan assistance

“China has come to our rescue,” a Pakistani foreign official told Reuters. A finance ministry official said that Pakistan’s central bank was in talks with Chinese commercial banks. He noted that the …

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Posted on December 18, 2020

Are Saudi Arabia and Pakistan untying the knot?

Diplomatic relations between the two countries are strained as multiple issues threaten established political alliances in the Gulf region. The row could result in new allies in the Far East.

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Posted on December 18, 2020

How Gulf countries compare globally for Islamic finance

Bahrain, the UAE and Saudi Arabia all feature in top 5 of the annual Islamic Finance Development Indicator Bahrain, the UAE and Saudi Arabia have ranked in the world’s top five Islamic finance …

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Posted on December 18, 2020

How Gulf countries compare globally for Islamic finance

Bahrain, the UAE and Saudi Arabia all feature in top 5 of the annual Islamic Finance Development Indicator Bahrain, the UAE and Saudi Arabia have ranked in the world’s top five Islamic finance …

( read original story …)



Posted on December 18, 2020

World Bank Says Managers Pressured Staff to Alter Global Business Rankings

Manipulated data in its flagship report on nation’s business climates led China and Saudi Arabia to gain ground, the bank said after an internal audit sparked by employee concerns.

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Posted on December 18, 2020

Trump spoke with Saudi Arabia’s King Salman about regional security -White House statement

President Donald Trump spoke with King Salman bin Abdulaziz Al Saud of Saudi Arabia on Thursday, discussing regional security issues, according to a statement from the White House.

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Posted on December 18, 2020

Could Saudi Arabia Really Be Your Next Christmas Holiday Destination?

Even without this year’s Covid restrictions, it would be hard to imagine travelling to Saudi Arabia for a luxury vacation, let alone to one at a marine conservation eco-resort.

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Posted on December 17, 2020

Gulf Arab summit to be held on Jan. 5, says Kuwait minister

An annual Gulf Arab summit, usually held in December, will be hosted by Saudi Arabia on Jan. 5, Kuwait’s foreign minister said on Thursday in remarks published on the ministry website. Sources …

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Posted on December 17, 2020

UPDATE 1-Pakistan returns $1 bln of Saudi Arabia’s soft loan, officials say

Pakistan has returned $1 billion to Saudi Arabia as a second instalment of a $3 billion soft loan, as Islamabad reaches out to Beijing for a commercial loan to help it offset pressure to repay another …

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Posted on December 17, 2020

Pakistan refunds $1 billion of Saudi Arabia loan

“China has come to our rescue,” a foreign ministry official told Reuters. READ MORE: Another setback for Pakistan’s faltering Kashmir stance China fills the gap A finance ministry official said …

( read original story …)



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