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The investment objective of the Fund is to replicate, to the extent possible, the performance of the FTSE Canada 1-10 Year Laddered Government Bond Index the Index, net of expenses. The Fund uses an indexing strategy to achieve its investment objective. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through... see more

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iShares 1-10 Year Laddered Government Bond Idx ETF > Saudi firm buys gold from central bank

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Post by PGMBOY on May 22, 2006 9:29am

Saudi firm buys gold from central bank

Saudi firm buys gold from African central bank Mon May 22, 2006 12:24 PM GMT RIYADH (Reuters) - A private Saudi jeweller has bought 36 tonnes of raw gold from an African central bank for 1.8 billion riyals, a company spokesman said on Monday, confirming a newspaper report. When asked about the report in leading Saudi business daily al-Eqtisadiah, the spokesman said: "That is correct." He declined to elaborate. The newspaper quoted Suleiman al-Othaim, board chairman of the Riyadh-based al-Othaim Gold and Jewellery firm, as saying the gold would be delivered in the fourth quarter of this year. "The deal was concluded directly (with the unidentified African central bank) without any intermediary," the newspaper quoted him as saying. It did not say when the transaction took place.

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