June 17, 2021

Yemen rebel ballistic missile ‘intercepted over Riyadh’

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From BBC The Saudi-led coalition battling Yemen’s Houthi rebels says it has intercepted a ballistic missile near Riyadh, Saudi state media report. Witnesses in the Saudi capital posted pictures on social media showing a cloud of smoke in the air, and there were no reports of any damage. The Houthi movement’s al-Masirah TV said rebel […]

Saudi Arabia arrests one of tech’s biggest investors

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By Jon Fingas From engadget Saudi Arabia is in the midst of a crackdown on alleged corruption, and its dragnet has caught one of the tech world’s most important investors: the country has arrested Prince al-Waleed bin Talal over money laundering charges. He has major stakes in satellite TV providers and in recent years has […]

Harriet Fear Davies returns to [Devereaux] Chambers after 129 day trial in Cayman Islands

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From Devereaux Harriet has returned to her normal London-based practice after the conclusion of the trial in AHAB v Al Sanea and others. The case arises from the collapse of Ahmad Hamad Al Gosaibi & Brothers (AHAB) in Saudi Arabia in 2009, when it became unable to repay billions of dollars which it had borrowed […]

US Rejects UN Resolution Condemning Death Penalty For LGBTQ People, Other Groups

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By Chris D’Angelo HuffPost From Yahoo News US Rejects UN Resolution Condemning Death Penalty For LGBTQ People, Other Groups The United States joined countries like Iraq and Botswana in voting against a United Nations resolution that, among other things, condemns the use of the death penalty against LGBTQ people. The U.N. Human Rights Council passed […]

The waning power of the petrodollar

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By Jamie McGeever From Reuters UK LONDON (Reuters) – When the Federal Reserve begins reducing its holdings of U.S. Treasuries as expected later this year, some of the most consistent buyers of U.S. bonds over the last 15 years may be less than willing to fill the breach. Before the financial crisis, the flow of […]

Fees over collapse of Al-Gosaibi Saudi business empire ‘could hit $1 billion’ [biggest trial in the history of Cayman Islands]

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By Frank Kane From Arab News DUBAI: Lawyers, accountants and other professional advisers stand to make up to $1 billion in fees as a result of the collapse of the Saudi Arabia-based Al-Gosaibi business empire in 2009, one of the senior executives at the heart of the affair has told Arab News. The 70-year-old Al-Gosaibi […]

Oil dips on concerns about rising U.S. output, OPEC tensions

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By Stephen Eisenhammer, Reuters  From Times of India LONDON (Reuters) – Oil prices dipped on Wednesday on renewed concerns about the efficacy of OPEC-led production cuts due to rising tensions within the export group over Qatar and growing U.S. output. Brent crude prices were at $49.79 per barrel at 0840 GMT, down 33 cents. Brent […]

The FBI is helping Qatar get to the bottom of a ‘hack’ into state media

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By David Harding, AFP From Business Insider Doha (AFP) – The FBI is helping Qatar investigate the source of an alleged “hack” of state media which sparked diplomatic tensions in the Gulf, a source with knowledge of the probe said Friday. An FBI team has been in Doha for the past week after the Qatari […]

Guyana president attends Arab-American Islamic Summit

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By Ray Chickrie From Caribbean News Now RIYADH, Saudi Arabia — President David Granger of Guyana arrived in Riyadh, Saudi Arabia, on Saturday to join other world leaders for the Arab-American Islamic Summit on Sunday. The special summit, initiated by the Kingdom of Saudi Arabia (KSA), brought together members of the Arab League, the Organisation […]

Trump: Israelis and Arabs share ‘Common Cause’ against Iran

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From Newsmax JERUSALEM — President Donald Trump opened his first visit to Israel Monday, saying he sees growing recognition among Muslim nations that they share a “common cause” with Israel in their determination to counter the threats posed by Iran. Arriving directly from Riyadh, Saudi Arabia, Trump expressed his hope for cooperation among U.S. allies […]