World

Saudi Prince Alwaleed cancels plans to consider investments in Iran-twitter

Alwaleed also refuses the Iranian ambassador's request for a meeting and has stopped all flights to Iran by Flynas

Reuters January 07, 2016

Prince Alwaleed bin Talal. PHOTO: REUTERS

CAIRO: Billionaire Saudi Arabian Prince Alwaleed bin Talal said on Tuesday he had cancelled the consideration of all projects and investments in Iran, according to his twitter account, amid a diplomatic row between Saudi Arabia and the Islamic Republic.

PEMRA issues notices to TV channels for ‘hurling false allegations, giving airtime to terrorists’

Alwaleed also said he had refused the Iranian ambassador's request for a meeting and stopped all flights to Iran by the budget carrier Flynas, in which his investment arm Kingdom Holding holds a 34 percent stake.

Iran-Saudi crisis deepens as diplomatic ties cut

Alwaleed did not elaborate further on what his investment plans for Iran were in the tweet.

Saudi Arabia severed diplomatic relations on Sunday and froze commercial ties with Iran the following day after its embassy in Tehran was stormed in response to its execution of a prominent Shia cleric.

COMMENTS (1)

Stranger | 8 years ago | Reply Both Iran and KSA are super rich countries. Both dont need the other . good thing is after decades of still waters running deep now slowly teh fight is coming out in teh open.

Replying to X