Bahrain’s delayed causeway link with Saudi Arabia, part of the $15.5 billion Gulf Cooperation Council Railway project, may not be completed on time and a joint study by the two countries will determine the deadline and funding by September.
Saudi Arabia’s King Fahd Causeway Authority signed a contract valued at 15.2 million riyals ($4.1 million) with a local company to provide advertising services for the bridge linking the kingdom with Bahrain, the Saudi Press Agency reported today.
Real estate broker Alexander Koch de Gooreynd relayed a difficult message to a client last June: the 39.5 million Swiss-franc ($43 million) asking price for his eight-bedroom lakefront villa in Geneva was too high.
After losing billions on U.S. stocks beginning in 2000, Alwaleed Bin Talal says he may become richer than the Oracle of Omaha. His strategy: holding an IPO for his luxury hotels and building the world’s tallest tower in his homeland.
Prince Alwaleed Bin Talal sits under an almost full moon near a campfire at his rustic retreat in Riyadh, Saudi Arabia. He’s surrounded by a zoo with zebras and giraffes, an artificial lake and a lodge that has an indoor pool, saunas and steam rooms. Three hooded falcons are perched on stands in front of him.
Bahrain backs plans to expand the capacity of the King Fahd Causeway that links it with neighboring Saudi Arabia, Bahrain News Agency said today, citing Premier’s Court Chief Sheikh Husam bin Isa Al Khalifa.
The lowest oil volatility in 17 years is pushing down options costs, setting up trades that BNP Paribas SA and Commerzbank AG say will profit when Mideast supply disruptions send prices swinging again.
Geneva’s bankers, who forged the biggest offshore hub for the Middle East super-rich after Saudi Arabia’s King Fahd built a summer palace in the city 35 years ago, are using the Arab Spring to counter client withdrawals.