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Riyadh, Rabi'II 10, 1436, January 30, 2015, SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud offered and is still offering a great support of the development of...

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Berlin, Ramadan 23, 1432, Aug 23, 2011, SPA -- A leading member of Chancellor Angela Merkel's
government called Tuesday for cash-strapped eurozone members to use
their gold reserves as collateral for any future bailouts, according to dpa.

Labour Minister Ursula von der Leyen said in the future that money
from the European Union-led rescue fund should only be paid out when
the states receiving the assistance provided collateral.

Von der Leyen believes that the gold reserves and industrial
holdings held by many nations could be used as collateral for loans,
according to information from German public television.

The Labour Minister, who is a vice president of Merkel's
conservative Christian Democrats (CDU), is also member of a special
new CDU party commission set up to review the debt crisis gripping
parts of the 17-state eurozone.

The commission was established following conflict within the ranks
of the CDU over how to deal with the financial problems facing
members of the currency bloc.

Von der Leyen's comments also came amid signs of fresh tensions
among eurozone members over the 109-billion-euro second rescue
package for Greece, which is due to be pieced together next month.

About five eurozone states, led by Finland, have been calling for
Greece to provide collateral before agreeing to the second bailout
out.

The price of gold has surged this year amid a flight to safety by
investors unnerved by the turmoil in share markets, which has been at
least in part triggered by the eurozone debt crisis.

Gold climbed to a record high Tuesday, when it breached the key
1,900-dollar an ounce mark.

--SPA
18:01 LOCAL TIME 15:01 GMT
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Riyadh, Rabi'II 10, 1436, January 30, 2015, SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud offered and is still offering a great support of the development of tourism and national heritage in the Kingdom of Saudi Arabia. King Salman bin Abdulaziz has also...
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ISLAMABAD, Rabi'II 10, 1436, Jan 30, 2015, SPA -- At least 20 people were killed on Friday when an explosion ripped through a packed mosque in the Pakistani city of Shikarpur, Reuters cited officials as saying. "At least 20 dead bodies and more than 50 wounded people have been...
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Cairo, Rabi'II 10, 1436, January 30, 2015, SPA -- A Palestinian delegation headed by the Chairman of Independent Palestinian Figures Gathering, Dr. Yasser Al-Wadia paid here last night a visit to the pavilion of the Kingdom of Saudi Arabia at Cairo International Book Fair. During the visit,...
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MOSCOW, Rabi'II 10, 1436, Jan 30, 2015, SPA -- The chief of Russia's armed forces said on Friday a strong nuclear arsenal will ensure military superiority over the West as Russia seeks to fulfil a multi-billion dollar plan to modernise its forces by 2020, Reuters reported. ...
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CAIRO, Rabi'II 10, 1436, Jan 30, 2015, SPA -- Egyptian President Abdel Fattah al-Sisi cut short a visit to Ethiopia for an African Union summit on Friday, after Islamic State's Egyptian wing claimed the killing of at least 30 security personnel in the Sinai Peninsula, Reuters reported....
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