DUBAI (Reuters) – Saudi Arabia's Kingdom Holding has paid $50 million to double its stake in microblogging site Twitter Inc, the Riyadh-based company said on Wednesday. Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, now owns 0.72 percent of Twitter, having originally invested $50 million in the tech company in 2011
Read moreBy Sami Aboudi DUBAI (Reuters) – A suicide bombing in Saudi Arabia as it presses on with its war against Shi'ite fighters in Yemen has exposed the Sunni kingdom's failure to curb sectarianism at home and prompted fears that such tensions can only get worse. Islamic State, which claimed Friday's attack on a Shi'ite mosque, is trying to stir up sectarian confrontation as a way of hastening the overthrow of the ruling Al Saud, and is keenly aware of the war's potential for pitting Sunni against Shi'ite
Read moreMOSCOW (Reuters) – Russian President Vladimir Putin said on Tuesday the country should not cut itself of from foreign investment and technologies. “We should not, on any account, cut ourselves off” from the kind of foreign investment and technology that can drive economic growth, Putin told a conference of business people. After annexing Ukraine’s Crimea region in March 2014, Russia was hit with Western sanctions that limited its access to foreign capital and technologies, especially for the banking, energy and defense sectors
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