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In Jouf region, Prince Fahd bin Badr bin Abdulaziz, Governor of Jouf Region, performed the prayers of Eid Alfitr along worshipers in Skaka. In Qasim region, Prince Faisal bin Bandar...

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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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 Royal Decrees  The Cabinet
In Jouf region, Prince Fahd bin Badr bin Abdulaziz, Governor of Jouf Region, performed the prayers of Eid Alfitr along worshipers in Skaka. In Qasim region, Prince Faisal bin Bandar bin Abdulaziz, Governor of the region, performed the prayers along worshipers in Buraidah. ...
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In Dammam, Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Region, performed the prayers of Eid al-Fitr with worshipers. In Tabuk, Prince Fahd bin Sultan bin Abdulaziz, Governor of Tabuk region, performed with worshipers Eid al-Fitr prayers. In Baha, Prince...
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Riyadh, Shawwal 1, 1435, Jul 28, 2014, SPA -- Muslims performed this morning Eid al-Fitr prayers in Makkah's Grand Mosque, Al-Haram Al-Sharif, and in different parts of the Kingdom of Saudi Arabia. In Makkah, Crown Prince Salman bin Abdulaziz, Deputy Premier and Minister of Defense,...
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Jeddah, Shawwal 1, 1435, Jul 28, 2014, SPA -- Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud yesterday received a telephone call from his King Hamad bin Isa Al Khalifa of Bahrain who congratulated him on Eid al-Fitr. The monarch also congratulated the King of...
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Jeddah, Shawwal 1, 1435, Jul 28, 2014, SPA -- Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud yesterday received a telephone call from President Ismail Omar Guelleh who congratulated him on the blessed Eid al-Fitr. The monarch expressed his thanks and appreciation...
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