Prince Mohammed bin Salman has revealed plans for a luxury beach resort where special laws allow women to wear bikinis instead of covering up their skin.
Saudi Arabia's new Prince, Mohammed bin Salman, has announced a massive tourism development project that will be governed by global standards.
The 13,000 square mile project will see 50 untouched islands transformed into "an exquisite luxury tourism destination", governed by laws reflecting worldwide standards, according to reports released by the Saudi Press Agency.
"It will set new standards for sustainable development and bring about the next generation of luxury travel to put Saudi Arabia on the worldwide tourism map", the fund said. The project, part of the Kingdom's wider Vision 2030 initiative to move its economy away from its reliance on oil, is reportedly going to cost around US$4 billion.
Viper Energy Partners LP (VNOM) Lifted to "Sell" at BidaskClub Envestnet Asset Management Inc. purchased a new position in Viper Energy Partners during the first quarter worth about $121,000. Following the completion of the purchase, the director now owns 14,000 shares in the company, valued at approximately $249,620.
According to the public investment fund details, the beach will be completed in 2022 while it aims to gather around 1 million visitors in the form of tourists and local residents every year by 2035.
"It will set new standards for sustainable development and bring about the next generation of luxury travel to put Saudi Arabia on the worldwide tourism map", the fund said. The beach resort eyes at developing suitable environment for worldwide standards which may contradict with the country s hardline take on outdoor lives for women. Alcohol is also prohibited under Saudi law and it is yet not clear if it will be allowed on the resort. Knowing that foreign visitors are unlikely to show up at beaches where women are forced to cover up- the government said the resort will be "governed by laws on par with global standards".
On contrary to this, Saudi Arabia's laws on women are extremely repressive, where women are banned from driving also.
The new regulations are to be published on Wednesday in the Federal Register, which posted the preview documents on its website. Pyongyang may master the technology to deliver a nuclear weapon to the U.S.by next year, according to some estimates.
He was hailed as a "wonderful figurehead" as he met with Royal Marines during his last official royal engagement yesterday. The article appeared online on the same day the Duke of Edinburgh was preparing for his final solo public engagement.
He said that Iran's expansionist intention was aimed to increase its influence in the Middle East and other parts of the world. A US State Department statement said Tillerson's visit here was to discuss ways to strengthen US- Malaysia ties.
An initial conviction of manslaughter, for which he served less than a year behind bars, was later upgraded to murder on appeal. His family spokesperson Johan van Wyk said Pistorius was "okay". "I can not confirm that he suffered chest pains".
Next, you will need to then follow the steps present in the "More" and the "Community Test Environment" to get started. Here's how to join the newly posted BF1 CTE so that you can get your hands on content slated to drop later much early.
Going move backward a period of six month analysis we come to know that stock soared 2.84% giving rising alert for Investors. Ameriprise Financial Inc. increased its stake in shares of Starbucks Corporation by 32.9% in the first quarter.
The information was conveyed on the résumé of Tim Neff , which saw Grand Theft Auto 6 being listed in his motion capture works. The publisher also spoke about the upcoming release of Red Dead Redemption 2 and was asked about a possible release on PC.
Global oil prices kept fluctuating during the quarter but overall worldwide benchmark Brent crude futures declined 9.3 percent. This compared to 20.415 million tones domestic sales and 0.963 million tons of exports in the same period of 2016- 17.
Shire PLC (SHPG) Short Interest Up 34.9% in July
Finally, ValuEngine lowered shares of Shire PLC from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. The year-earlier period only included around one month's sales from Baxalta, which Shire formally acquired on June 3 in 2016.
Poland may demand more money for Nazi destruction
According to PiS lawmaker Arkadiusz Mularczyk Germans need to "pay back the bad debt they owe to the Polish people". But Poland's environment minister told a news conference on Monday the logging would continue.
LA Reaches Deal With IOC to Host 2028 Olympics
Their recommendation will now be rubber-stamped by the membership at another IOC Session in Lima on September 13. Los Angeles has reached a deal with worldwide Olympic leaders to host 2028 Summer Games, according to reports.
ING Group, NV (NYSE:ING) Trading Volume Significantly Higher
Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of ING Group, N.V.by 0.7% in the fourth quarter. The financial services provider reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.02.
American Railcar Industries Inc
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Short Interest in AbbVie Inc. (NYSE:ABBV) Declines By 15.1%
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Hackers steal 1.5TB HBO data, 'Game of Thrones' leaked
Hackers are threatening to leak new episodes of " Game of Thrones " after breaching the security systems of US cable network HBO. The problem before us is unfortunately all too familiar in the world we now find ourselves a part of.
Serbian midfielder Matic moves to Manchester United
I tried to give my best to control the game well, to give the balance, and I think, for the first game, it was good for me. Matic to United is a mighty coup for Mourinhos men.I think LFC missed a trick, type of player we badly need.