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Saudi king’s nephew admits to Riyadh support for IS

that the oil-rich monarchy has now stopped funding the militants. “Unfortunately, some extremists in Saudi Arabia… did fund certain extremist elements in Syria,” said Alwaleed, a nephew of Saudi Arabia's ... extremists in Saudi Arabia… did fund certain extremist elements ...

23/10/2014 - 12:17 - comment 0

Saudi Arabia denies funding ISIS in Iraq

Saudi officials denied any involvement in ISIS ... to the terrorist network. Saudi Arabia has denied providing moral and financial ... The Saudi embassy in London circulated the following statement on Wednesday: “The Kingdom of Saudi ...

19/06/2014 - 12:45 - comments 3

NCB Capital wins prestigious fund awards

annual performance awards.  The bank is Saudi Asset Manager of the year and its AlAhli Saudi Mid Cap fund is the Saudi Equity Fund of the Year.  Hamed Fayez, Head of Asset Management at NCB Capital, said, “We ... .”  NCB Capital’s Saudi Mid Cap Fund won the Newcomer Award in last year’s MENA FM awards, proving its ...

Press Release - 24/01/2011 - 10:50 - comment 0

PA receives $60 million from Saudi Arabia

the Saudi Fund for Development transferred $60 million to the Palestinian Authority Tuesday. The Saudi Fund for Development has t ransferred $60 million to the Palestinian Authority, the desert ... Arena, Palestine) The Saudi Fund for Development has transferred $60 million to the Palestinian ...

30/09/2014 - 18:52 - comment 0

Big Medicine: 600 kg Saudi man is forklifted from his home for a government-funded weight reduction procedure

A 610 kg Saudi man was forklifted to the hospital on Monday for a weight reduction treatment provided by the Saudi government A Saudi man weighing 610 kilograms was forklifted to hospital on Monday for medical treatment ...

Editor's Choice - 22/09/2014 - 06:00 - comment 0

If only they'd treat their workers better: Saudi Arabia, India formalize $750 million investment fund

the highest in the world,” the sources told HT. Saudi Arabia and India have formalized the structuring of the $750-million Saudi-Indian Investment Fund that was announced during Prime ... the structuring of the $750-million Saudi-Indian Investment Fund that was announced during Prime Minister Manmohan ...

20/03/2014 - 05:00 - comment 0

NCB Capital successfully closes subscriptions to AlAhli SEDCO Residential Development Fund

closed subscriptions to the AlAhli SEDCO Residential Development Fund after exceeding the Fund’s target ... services and Saudi Arabia's largest asset manager, has announced that it has successfully closed subscriptions to the AlAhli SEDCO Residential Development Fund after exceeding the Fund’s target of SR350 ...

Press Release - 07/05/2014 - 09:24 - comment 0

Norway, you have competition: Saudi Arabia about to launch its first Sovereign Wealth Fund

Saudi Arabia is preparing to launch its first sovereign wealth fund to manage budget surpluses ... for the National Reserve Fund in meetings Monday and Tuesday in Riyadh, state news agency SPA reported. The report gave no indication of whether any change in investment strategy was envisioned. The fund ...

08/06/2014 - 12:15 - comment 0

NCB Capital launches Alahli SEDCO residential development fund

Development Company to launch the AlAhli SEDCO Residential Development Fund, a public close-end ... of wealth management services and Saudi Arabia's largest asset manager, has joined hands with Jeddah-based SEDCO Development Company, the leading Saudi real estate developer, to launch the AlAhli SEDCO ...

Press Release - 04/02/2014 - 07:59 - comment 0

Replacing oil with minerals: Saudi Ma'aden has $1.5 billion worth of ambitions up its sleeve

Promise. Two Saudi government funds – the Public Investment Fund and Saudi Industrial Development Fund ... package from commercial banks and export credit agencies to fund the construction at Waad al-Shamal, which loosely translates as Northern Promise. Saudi Arabian Mining Co will seek ...

18/05/2014 - 11:40 - comment 0