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Tag Archives: Saudi Arabia

Saudi Arabia Accumulates Over $100bn In Settlements

Saudi Arabia’s Attorney General Sheikh Saud al-Mojeb informed that the kingdom has collected more than $100bn in anti-corruption settlements. The amount – SAR400bn ($106.7bn) – represented various types of assets, including real estate, commercial entities, cash and more, Mojeb said in a statement released by the government’s information office. He …

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Qatar Likely To Issue $10bn Worth Of Bonds In 2018

An estimated $72bn of the net sovereign issuance is expected to come from the Middle East and Africa this year. Nearly $44bn can be expected from four GCC countries – Qatar, Saudi Arabia, Oman and Kuwait. Qatar will probably issue bonds/sukuks worth $10bn, according to Bank of America Merrill Lynch …

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Saudi, UAE Football Teams Told To Play Matches In Qatar Despite Blockade

Saudi Arabia and UAE football teams will be playing their Asian Champions League away matches in Qatar in spite of the blockade imposed by the four Arab states, according to Asia’s football governing body. The decision was taken by AFC (Asian Football Confederation) that Saudi and UAE teams were required …

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Saudi Prince Alwaleed Released After Being In Detention For Two Months

Saudi billionaire Prince Alwaleed bin Talal, who was arrested as part of government’s anti-corruption crackdown was released after more than two months. The wealthy prince who has stakes in global giants like Twitter and Apple was detained after allegations of corruption. However, he said in an exclusive interview that he …

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Detained Saudi Cleric Hospitalised In Jeddah

Prominent Saudi cleric Sheikh Salman Al Awda has been hospitalised after five months in detention, said human rights group Amnesty International. Awda was one among twenty people who were arrested in a crackdown in September last year, he was reportedly allowed just one call in October. Amnesty informed that he …

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Blockading States Face A Reality Check

The leaders of Saudi Arabia, the UAE and Egypt were reckless in conflicts against Libya and Yemen and imposed sanctions on Qatar out of nowhere last year. According to a new report released by the independent watchdog organisation, Freedom House’s report, 71 countries suffered net declines in political rights and …

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Sheikh Mohammed Claims There Are Many Contradictions

“We have maintained contact with all the friendly countries and made clear to them our position. The blockading countries have continued the siege and there is no response from them to any mediation efforts,” Sheikh Mohammed said. He pointed that there were marginal differences, and there was a mechanism for …

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Saudi King Issues New Allowances To Balance Rising Cost Of Living

Saudi King Salman ordered monthly payment of 1000 riyals ($267) to state employees over the next year to help them balance the rising cost of living after the introduction of VAT. The payment of 5000 riyals was also announced to military personnel serving at the front lines with Yemen. The …

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Saudi Cleric Detained For Refusing To Tweet Against Qatar

Prominent Muslim Scholar Salman Al Awda has been detained by Saudi Arabia for the past four months without any charge, according to HRW (Human Rights Watch) statement. He was arrested after refused to comply with an order by Saudi authorities to tweet a specific text to support the blockade against …

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Qatar’s Real Estate Gets A Boost Due To Investment Migration From UAE And Saudi Arabia

The movement of real estate investments from the UAE and Saudi Arabia to Qatar has lifted the real estate sector in the country, according to a report by SAK Holding. “In the eyes of those involved in traditional investments trends, who constitute a large segment of investors and savers, the …

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