Saudi buys 469 flats worth $ 190 million in Istanbul

Updated 24 April 2013

Saudi buys 469 flats worth $ 190 million in Istanbul

The Agaoglu Group, one of the biggest real estate firms in Turkey, has recently sold 469 flats worth $ 190.7 million to a Saudi businessman in one deal, a Turkish paper reported.
The sale represents nearly 10 percent of the Agaoglu project in Istanbul, which has a total of 4,789 apartments. The paper quoted a report filed by the weekly Turkish magazine Ekonomist.
The Saudi businessman, whose identity has not been disclosed, has reportedly paid a deposit worth $ 10 million and will pay the remainder this week.
Meanwhile, Hasan Rahvali, head of the Agaoglu Group, said the sale was unique in the Turkish construction sector. He said the Saudi buyer decided to make the deal after a recommendation from two Saudi businessmen, in which they bought 60 apartments each from their group last year.


Houthis, Iran condemned over new drone attacks on KSA

Updated 26 October 2020

Houthis, Iran condemned over new drone attacks on KSA

  • One civilian injured by shrapnel after Saudi-led coalition intercepts four flying bombs launched from Yemen

JEDDAH: Houthi militias and their Iranian backers were condemned on Sunday after the Saudi-led coalition intercepted four explosive-laden drones in two attacks launched from Yemen targeting the south of the Kingdom.

Three of the drones were destroyed early on Saturday and a fourth on Sunday. Shrapnel that fell in Sarat Abidah governorate injured a civilian, and damaged five homes and three vehicles, said civil defense spokesman Capt. Mohammed Abdu Al-Sayed.

Iran was increasing its support to the Houthis to undermine efforts for peace, Dr. Hamdan Al-Shehri, the political analyst and international relations scholar, told Arab News.

“They want the Houthis to sabotage all they can in Saudi Arabia, regardless of whether their target is a populated area, oil facilities or even a sacred place. This adds tension to the area, and that is what Iran is working on.”

Iranians want the Houthis to sabotage all they can in Saudi Arabia, regardless of whether their target is a populated area, oil facilities or even a sacred place. This adds tension to the area, and that is what Iran is working on.

Dr. Hamdan Al-Shehri, political analyst and international relations scholar

Al-Shehri said the situation in Yemen would remain the same unless the legitimate government was returned to Yemen, Security Council Resolution 2216 was put into practice and the Houthi militia were removed.

“Without these things, the Yemen crisis will not end and the whole region will remain in tension.”

The Houthis did not differentiate between military sites and civilian locations, he said.

“Their objective is to damage all places they can reach in Saudi Arabia, and their latest attempts to attack a populated area are nothing new.

“They have also targeted airports and some Aramco oil facilities. If the Aramco attack had not been contained, the damage would have affected the whole Eastern region. They have also attempted to target Makkah, where pilgrims and worshippers were performing their rituals.

“They don’t care. If you look back at what the Revolutionary Guards did at the Grand Mosque, you will realize it is not strange that the Houthis are trying to destroy everything in Saudi Arabia. The strange thing is the silence of the world toward what is happening.”