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Saudi billionaire and international investor Prince Al Waleed has entered competition to buy New York famous Plaza Hotel as his investment company, Kingdom Holding, and New York-based Ashkenazy prepare an offer after they exercised the right of first refusal over Read more
The battled but not dead Islamic State group (ISIS) has claimed credit for the killing of Farouq Mohammad Zarzour, a candidate for May 12 parliamentary elections in Iraq. The terror group said, according to press reports, that it killed Sunday Read more
Saudi Arabia has green-lighted construction of churches after it inked a deal with the Roman Catholic Church as it seeks to improve its image and crackdown on radicalism. An agreement to this end was signed between the Secretary General of Read more
US Mondelez International company has inaugurated its second factory in Bahrain as it seeks to supply the Gulf region and Africa with iconic brands, including Oreo cookies and Barni soft cakes. The new factory cost the company a total investment Read more
Few days after the UN Security Council adopted resolution 2414 extending the MINURSO mandate for six months and welcoming Morocco’s autonomy plan for the Sahara, the North African Kingdom severed its diplomatic ties with Iran for its military support to Read more
Qatar has called on Saudi Arabia to release a Qatari citizen arrested on the Yemen-Oman border amid diplomatic standoff between the tiny Gulf country and its neighbors led by the Saudi kingdom. The Qatari foreign ministry in a statement said Read more
Saudi billionaire Prince Al Waleed bin Talal has given up shares in Movempick Hotels and Resorts following another abandonment of stakes early this year. Al Waleed’s main business Kingdom Holding is on verge of selling the Saudi businessman’s shares in Read more
Morocco has decided to sever its diplomatic relations with Iran in protest against the military support provided by the Iranian-backed Hezbollah group to the Polisario separatists. The announcement was made Tuesday by Moroccan Foreign Affairs Minister Nasser Bourita who informed Read more
Head of South African defense company Paramount has disclosed to Reuters that the company is in talks with Saudi authorities to set up a factory in the kingdom as it seeks expansion in the Middle East aside from Jordan where Read more
Saudi Crown Prince has reportedly told a Jewish gathering in the US that Palestinians have to accept US-prepared peace deal with Israel, which does not include Jerusalem or shut up. According to Israeli media Channel 10, which refers to a Read more