{"id":87718,"date":"2024-07-10T00:00:00","date_gmt":"2024-07-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/07\/10\/no-threats-here\/"},"modified":"2024-07-10T00:00:00","modified_gmt":"2024-07-10T00:00:00","slug":"no-threats-here","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/07\/10\/no-threats-here\/","title":{"rendered":"No threats here"},"content":{"rendered":"

It\u2019s a mixed bag for the Kingdom in the foreign press this morning<\/strong>, with politics taking somewhat of a lead after Bloomberg<\/a> reported that the Kingdom signaled a threat to its counterparts in the Group of 7 over Russia\u2019s frozen assets. <\/p>\n

Ties with G7 are of \u201cmutual respect\u201d:<\/strong> Bloomberg\u2019s sources allege the Finance Ministry hinted at selling debt holdings in Europe \u2014 primarily debt issued by the French treasury \u2014 if the G7 opted for a plan to seize c. USD 300 bn of Moscow\u2019s frozen assets. However, the Finance Ministry maintained in a statement to the business information service that \u201cno such threats were made,\u201d while an unnamed official said that while making threats of this kind are not the government\u2019s way of doing business, it is possible that officials spoke on the outcome that could result from the move. <\/p>\n

In perspective: <\/strong>The Kingdom\u2019s debt holdings in Europe (estimated at EUR tens of bns) are unlikely to create a significant dent if sold off. However, European officials shelved the plan on concerns that other countries objecting to the seizures could follow suit.<\/p>\n

Meanwhile, <\/strong>Bloomberg<\/a><\/strong> is out with an interview with the masterminds behind developing<\/strong> a near 80-year-old royal palace in Riyadh to a luxurious hotel<\/strong> with an unmatched guest experience. The luxury hotel is being developed by PIF-owned luxury hospitality firm Boutique Group<\/a> which aims to turn King Saud bin Abdulaziz\u2019 Red Palace to a luxurious hotel.The 9-acre, art-deco Palace is set to open in 2025, and will feature 70 rooms that aims to give visitors a taste of the Saudi royalty treatment while preserving the palace\u2019s rich history.<\/p>\n

More to come:<\/strong> Boutique Group is also working on turning the Tuwaiq Palace in Riyadh and Al Hamra Palace in Jeddah into luxury hotels, with plans being studied for three more.<\/p>\n

ALSO- <\/strong>The New York Times<\/a> looks at Grammy-decorated American rapper Swiss Beatz\u2019s venture into the world\u2019s most lucrative camel races in Saudi which he calls his \u201csecond home.\u201d Beatz (who was granted Saudi citizenship) speaks about his experience as the owner of his USD multi-mn team of 48 camels, the Saudi Bronx and his growing attachment to Saudi since his visit in 2006. \u201cWhen you discover it, you enter into a whole other world,\u201d he said of the sport.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: King Saud bin Abdulaziz\u2019s royal palace is being turned into a luxury hotel<\/p>\n","protected":false},"author":1,"featured_media":87719,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2561],"tags":[2334,10,2333,357,2336,229,2335,1262],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saudi-in-the-news","tag-boutique-group","tag-enterpriseam-ksa","tag-g7","tag-russia","tag-saudi-bronx","tag-saudi-in-the-news","tag-swiss-beatz","tag-ukraine","wpautop","entry"],"acf":{"mongo_id":"96bae1c5-42cd-4b24-a52c-0d80883c0506","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/803.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi denies threatening G7 over proposed seizures of Russia\u2019s frozen assets","related_issue":[87705],"teaser":"Plus: King Saud bin Abdulaziz\u2019s royal palace is being turned into a luxury hotel","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.1570927b-a62a-4f25-95e7-07e67e9798ef.mp3"},"yoast_head":"\nNo threats here - 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