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The Public Investment Fund (PIF), the Saudi sovereign wealth fund, announced Sunday plans to acquire a 23.97% stake in Capital Bank Group, one of the largest banking group in Jordan, Iraq and the Middle East and North Africa (MENA) region. Read more
Saudi Arabia’s Minister of Foreign Affairs Prince Faisal bin Farhan revealed Monday the kingdom’s plan to mediate between Russia and Ukraine caught in a conflict after Russian President launched last month a military invasion to denazify the former soviet country. Read more
The Kingdom of Saudi Arabia’s Public Investment Fund (PIF) has invested in the country’s new digital bank, D360, launched Tuesday, Gulf Business reports. The Saudi cabinet validated Tuesday the license of the bank endowed with $440 million in capital. D360 Read more
UAE Tuesday conferred the Order of Zayed, the country’s highest civilian award on Saudi Crown Prince Mohammed bin Salman (MbS) in recognition of strong historical ties and bilateral relations between the two countries, reports say. The facto Saudi ruler arrived Read more
Saudi Arabia has vehemently rejected this Monday the position expressed recently by the United States Senate, saying the position was based upon unsubstantiated claims and allegations, and contained blatant interferences in the Kingdom’s internal affairs, undermining the Kingdom’s regional and Read more
The Saudi Public Investment Fund (PIF) has unveiled its flagship sustainable tourism development project, Wadi Al Disah Development, within the Prince Mohammed bin Salman Natural Reserve, southwest of Tabuk region. Wadi Al Disah (valley of palm trees in Arabic), will Read more
Former journalist and current lawmaker who interviewed Prime Minister Saad Hariri in November in Riyadh following his surprising resignation has confirmed the Prime Minister was detained in the Saudi capital as she was expressing concern over the fate of missing Read more
French President Emmanuel Macron Monday took credit for solving the November political crisis that erupted in Lebanon after Prime Minister Saad Hariri was allegedly abducted in Riyadh following a visit to the kingdom wherefrom he announced his resignation. “If France Read more
Saudi authorities have released four female rights campaigners fighting for women’s right to drive and the end of man guardianship, one month before removal of the controversial ban. Eleven Saudi women known as prominent activists campaigning for female rights to Read more
Ethiopian-born Saudi billionaire Mohammed Hussein Al Amoudi, who has been detained in the anti-corruption campaign spearheaded by Saudi Crown Prince Mohammed Bin Salman, will soon be released, Ethiopia’s prime minister said. Prime Minister Abiy Ahmed made the announcement over the Read more