Saudi Oger faces huge debt restructuring as rescue talks collapse

By David French, Tom Arnold and Katie Paul | DUBAI/RIYADH


The Saudi Arabian government has ended talks aimed at saving construction giant Saudi Oger, which is now facing the prospect of a multi-billion-dollar debt restructuring to stave off collapse, according to sources aware of the matter.

Oger, owned by the family of former Lebanese Prime Minister Saad Hariri, was one of two mega-contractors charged with implementing the grand infrastructure and development plans of the kingdom, building everything from defense installations to schools and hospitals.

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Investing in a Climate of Uncertainty: The Sovereign Wealth Fund Response

The investment implications of climate policy and low global growth will be key topics at this year’s annual meeting of the International Forum of Sovereign Wealth Funds (IFSWF).

The theme of the November meeting is Investing in a Climate of Uncertainty: The Sovereign Wealth Fund Response.

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FuturePRoof: Edition Two launches with 39 new essays from authors around the world

Corporate investment in people and technology and an individual focus on continuous professional development (CPD) will drive the public relations industry forward.

This is the key message from #FuturePRoof: Edition Two, published today [Wednesday 7 September].

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Businesspeople to be issued long-term visas

RIYADH: A plan to grant long-term visas to businesspeople from developed countries will be implemented, according to an official from the Foreign Ministry.
Osama Al-Sanusi, undersecretary at the ministry for consular affairs, said the ministry is preparing agreements that would be signed between the Kingdom and such countries. Those organizing trade shows would also be allowed visas. Arrangements were being made to issue these visas online, he said.

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New Zealand National Youth Refugee Youth Council

LCD recently ensured media coverage of the activities of the chairperson of the New Zealand National Youth Refugee Youth Council, Daniel Gamboa.

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Queenstown event to focus on New Zealand refugee policy and treatment

An abridged screening of a documentary, “Stepping up: NZ’s response to the refugee crisis” was shown to a full house at the Rees Hotel on Saturday 1 August.

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Stepping up: NZ's response to the refugee crisis

Stepping Up? New Zealand’s Response to the Refugee Crisis, is a recently produced documentary by Lucia Dore intended for the New Zealand general population and policy makers.

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Is Islam "exceptional"?

Imam Mohamed Magid pause as he prays at the mosque of All Dulles Area Muslim Society (ADAMS) in Sterling, Virginia, U.S. May 19, 2016. To match Special Report USA-EXTREMISTS/TEEN REUTERS/Carlos Barria

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Refugees; How should NZ respond

New Zealand Emigrants

I recently made a documentary about the treatment of refugees in New Zealand. It's entitled "Stepping Up: New Zealand's response to the refugee crisis" and looks at some of the issues NZ faces with refugees coming into the country, including statistics of how the country compares with the rest of the world. (For more about this project go to the filmmaking section of this website).

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