Other shares bought by the fund included Alphabet, the parent company of Google, Adobe and JP Morgan A US Securities and Exchange Commission filing showed that the kingdom’s sovereign wealth fund bought 6.3 million shares in Starbucks (AFP) By MEE staff Published date: 16 August 2022 13:59 UTC Saudi Arabia’s Public Investment Fund (PIF), which is chaired by Crown Prince Mohammed bin Salman, has bought $7bn of…

US stock exchange filings show Kingdom Holding invested in Gazprom, Rosneft and Lukoil Prince Alwaleed bin Talal Al Saud was imprisoned by Saudi Crown Prince Mohammed bin Salman in Riyadh’s Ritz Carlton hotel in 2017 as part of a major shake-up (AFP) By MEE staff Published date: 14 August 2022 15:51 UTC Alwaleed bin Talal, a billionaire Saudi prince, invested more than $500m…

Four people, including three members of the security forces, were wounded when suspect detonated a belt, according to Saudi state media State media says Abdullah bin Zayed Al-Shehri had been wanted by the authorities for seven years (Saudi Press Agency) By MEE staff Published date: 12 August 2022 12:32 UTC A Saudi Arabian man wanted by police detonated an explosive belt in the city of Jeddah, killing himself and injuring four…

Ahmad Abouammo was charged with sending Saudi officials private user information in exchange for money By MEE staff Published date: 10 August 2022 00:15 UTC A former Twitter employee was convicted by a US court on Tuesday of spying for Saudi Arabia after he reportedly handed over personal information of users who criticised the kingdom to a Saudi official close to the royal family. Ahmad Abouammo, who worked at Twitter from 2013 to 2015, was found guilty of charges including acting as an agent for Saudi Arabia, money laundering, conspiracy to commit wire fraud and falsifying records. He was acquitted on five other counts…

Senior US official says China playing a greater role underwriting regional security would threaten US and its allies By Sean Mathews Published date: 4 August 2022 18:31 UTC Chinese drone technology is spreading across the Middle East as Beijing “get[s] away with murder” in the region, the top US diplomat for the Middle East said on Thursday at a Senate hearing. “The Chinese have gotten more than their…

Riyadh’s UN ambassador says Israel is ‘refusing to respect international resolutions’ By MEE staff Published date: 4 August 2022 18:05 UTC Saudi Arabia has raised concerns about Israel’s refusal to join a United Nations nuclear non-proliferation treaty, saying it was an obstacle to achieving peace in the region. The warning was a rare moment of Saudi criticism of Israel, with Riyadh and other Gulf…

Cathay Pacific flight passes over northern Saudi Arabia and Jordan, before entering Israel north of the Dead Sea By MEE staff Published date: 4 August 2022 12:11 UTC A commercial flight headed for Israel entered Saudi airspace on Thursday for the first time since the kingdom last month opened its skies to all flights, including those from Israel, according to data from a global flight tracking service.

Move follows US president’s controversial trip to Saudi Arabia last month to persuade organisation to pump more oil By MEE and agencies Published date: 3 August 2022 13:35 UTC Opec is set to raise oil output by a tiny 100,000 barrels per day (bpd) in what analysts described as an insult to US President Joe Biden, after his trip to Saudi Arabia last month to persuade the organisation’s leader to pump more to help the US and global economy.

Accord that was once hailed as historic is now showing its cracks after al-Qaeda leader’s assassination in Kabul By Umar A Farooq Published date: 2 August 2022 20:40 UTC The Doha agreement, struck between the US and the Taliban some two years ago, has been the subject of intense debate since the targeted assassination of al-Qaeda leader Ayman al-Zawahiri. Zawahiri was killed on Sunday morning when a US…