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It is fully owned by Accor since the September 2018 acquisition from former shareholders Mövenpick Holding (66.7%) and the Saudi-based Kingdom Group (33.3%). It operates over 80 properties, including hotels, resorts and Nile cruisers, with another 30 resorts planned or under construction across the Middle East and Asia.
Chalhoub Group ( Arabic مجموعة شلهوب) is a privately held luxury goods retailer and distributor, headquartered in Dubai, UAE . The Chalhoub Group is the largest retail operator in the Middle East and a member of the International Association of Department Stores since 2023. The company has more than 14,000 employees in 14 countries.
The Abraham Accords are bilateral agreements on Arab–Israeli normalization signed between Israel and the United Arab Emirates and between Israel and Bahrain on September 15, 2020. [ 1][ 2] Mediated by the United States, the announcement of August 13, 2020, concerned Israel and the UAE before the subsequent announcement of an agreement between ...
US$ 925 billion (March 2024) [1] Website. pif .gov .sa. The Public Investment Fund ( PIF; Arabic: صندوق الاستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$ 925 billion ( £ 726.3 billion). [2] It was created in 1971 ...
السعودية. Saudi Arabia, [e] officially the Kingdom of Saudi Arabia ( KSA ), [f] is a country in West Asia and the Middle East. It covers the bulk of the Arabian Peninsula and has a land area of about 2,150,000 km 2 (830,000 sq mi), making it the fifth-largest country in Asia and the largest in the Middle East.
Saudi Arabia and the United Arab Emirates (UAE) are neighbouring countries in the Middle East and Persian Gulf region, and share extensive political and cultural ties. Saudi Arabia maintains an embassy in Abu Dhabi and a consulate in Dubai of the UAE, while the UAE has an embassy in Riyadh and a consulate in Jeddah, Saudi Arabia.
2,224 Indians are in jails in Saudi Arabia and 1,606 in the United Arab Emirates. In May 2020, 1000 Bangladeshi labourers who were in prisons and detention camps in the Middle East were allowed to go home. Two weeks after that, 29,000 Bangladeshi workers were sent back to their homeland.
The cultural setting of Saudi Arabia is greatly influenced by the Arab and Islamic culture. The society is in general deeply religious, conservative, traditional, and family-oriented. Many attitudes and traditions are centuries-old, derived from Arab civilization and Islamic heritage. However, its culture has also been affected by rapid change ...