KSA: PIF to invest $500m to acquire ‘10 per cent’ of Hollywood agency

Saudi Arabia’s gigantic Public Investment Fund (PIF) is eyeing 5 to 10 per cent of stakes in Endeavor, the holding managing Hollywood talent agency WME, for an investment to exceed $500 million in the end, reports say. According to Bloomberg, Read more

Gulf Crisis: UAE blames Qatar over interception of two commercial flights, Doha Denies

The United Arab Emirates (UAE) Civil Aviation Authority Monday accused Qatar of intercepting with fighter jets two of its commercial flights in two incidents that it described as violation of the internal law conventions including threats to safety of civil Read more

Palestinian Authority to Suspend Recognition of Israel

The Palestinian Liberation Organization’s central council has authorized its executive committee and President Mahmoud Abbas to cease recognition of Israel and stop security cooperation until Israel recognizes the Palestinian state, cancels East Jerusalem annexation and stops settlements. “[The Central Council] Read more