A Saudi Arabian think tank has outlined a plan to end Israel’s war on Gaza, by transferring the leadership of the Palestinian resistance movement Hamas to the Algerian capital, Algiers. According to a report by French newspaper Le Monde on Wednesday, a “confidential document” released by the Riyadh-based Gulf Research Center was[…]
Portugal captain Cristiano Ronaldo has joined Saudi Arabian club Al Nassr on a two-year contract, the club announced on Friday. Ronaldo, 37, left Premier League giants Manchester United last month following an explosive television interview in which the forward said he felt betrayed by the Old Trafford club and did[…]
INTERNATIONAL Italian design house Pierpaolo Lazzarini has revealed plans for a gigantic $8bn turtle-shaped terayacht, with Saudi Arabia as the proposed location for the project. If funded, the project would be the world’s largest water structure. The boat, Pangeos, a name derived from the prehistoric supercontinent Pangea, could potentially house up to 60,000 guests.[…]
INTERNATIONAL Saudi Arabia has asked US investment bank Lazard for ways to fund construction of its $500bn futuristic desert-city Neom, as well as a $27bn megaproject in the holy city of Mecca. Saudi Arabia’s Public Investment Fund (PIF) is considering selling debt from the projects and an initial public offering on the Saudi[…]
China and Saudi Arabia have guaranteed $13 billion in funding to Pakistan as it continues to struggle with economic and environmental crises. According to the newspaper Dawn, Pakistani Finance Minister Ishaq Dar told reporters that China said it will provide $4 billion worth of sovereign loans to the country, as well[…]
INTERNATIONAL Iran has called for Saudi Arabia to distance itself from Israel, while making diplomatic overtures to its arch-rival. “You are relying on an Israel which is collapsing, and this will be the end of your era,” Hossein Salami, the commander of Iran’s Revolutionary Guards, was quoted as saying, according to the[…]
INTERNATIONAL Qatar Airways has withdrawn from 18 destinations around the world to create capacity for football fans travelling to attend the World Cup next month. The national carrier’s chief executive Akbar al-Baker said its priority would be to accommodate flights landing into Doha’s Hamad International Airport for the tournament, which kicks off on[…]
INTERNATIONAL US government officials have not been invited to a Saudi investment conference planned for later this month, with the organiser saying they did not want the gathering “to become a political platform”. The decision not to invite American officials, a departure from previous years, comes as tensions rise between[…]
INTERNATIONAL Following a wave of US outrage against Saudi Arabia for an Opec+ decision to cut oil production, experts and former officials have said that the US-Saudi relationship is too complex to be fully dismantled, and that President Joe Biden should assess the impact on the entire Gulf region before amending policy.[…]
INTERNATIONAL A cousin of Saudi Crown Prince Mohammed bin Salman has issued a violent threat against the West amid souring relations over a decision by Opec+ to cut oil production. In a message “to the West”, Prince Saud al-Shaalan is seen in a video circulating on social media saying “anybody who challenges the existence[…]
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