More than three quarters of $46 billion of planned Chinese-led investment in Pakistan will be implemented by next year as part of the world’s second-largest economy’s Silk Road plan. There are security concerns that have plagued the investment plans after recent attacks in the restive southwestern province of Balochistan. Source: Bloomberg
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Saudi security forces foiled an attack on the Grand Mosque in the Muslim holy city of Mecca on Friday, state television Al-Ekhbariya and Al Arabiya TV reported. Source Reuters
Turkey rejected a call from four Arab states on Friday to shut down its military base in Qatar, saying the base was a guarantor of security in the Gulf and demands for its closure represented interference in its ties with Doha. Source Reuters
The ECB has approved the yuan as a reserve currency. This is a symbolic but historic step for China, which can now establish its currency in Europe as a counterweight to the US dollar, says DW’s Frank Sieren. Source Deutsche Welle