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Picasso painting stolen from Saudi yacht recovered after 20 years

Picasso painting stolen from Saudi yacht recovered after 20 years

World
March 26 (UPI) -- A Dutch art investigator announced Tuesday he found a Pablo Picasso painting stolen off a Saudi sheikh's yacht in 1999. The discovery came four years after Arthur Brand first began looking for the cubist artwork painted in 1938. The painting, Portrait of Dora Maar, was reported stolen by Saudi billionaire Sheikh Abdul Mohsen in 1999. "Everyone assumed it had been destroyed -- that's what happens with 90 percent of all stolen art, because it can't be put on sale," Brand told Dutch newspaper De Volkskrant in an article translated by BBC News. Brand said two people with connections in the underground art world contacted him about the painting earlier this month. They said it was in the Netherlands. "They told me, 'It's in the hands of a businessman who got it as payment, ...
Apple to investigate Saudi app

Apple to investigate Saudi app

Technology
A Saudi Arabian app that can be used to track women and prevent them from travelling will be investigated by Apple, its chief executive has said.In an interview with NPR, Tim Cook said he wasn't aware of the Absher app but would look into it.The app, which offers access to government services, has been criticised by human rights groups. Democratic senator Ron Wyden has called for Apple and Google to remove it from their stores.Women in Saudi Arabia need to get permission to leave the country from a male guardian, usually a father or husband.The Absher app, which is designed for a range of government services, such as renewing driving licences, makes the process of allowing or prohibiting travel a lot easier, and it can be done vi...
Saudi energy minister concerned about oil price volatility

Saudi energy minister concerned about oil price volatility

World
Saudi Arabia's energy minister said Sunday that major oil producers need to do better to narrow swings in prices that dip below $ 60 a barrel and rise above $ 86. "I think what we need to do is narrow the range ... of volatility," Khalid al-Falih said. "We need to do better and the more producers that work with us, the better we're able" to do so, he told the Atlantic Council's Global Energy Forum in Abu Dhabi. Cautious not to set a price target or range, he explained there are consequences when oil prices dip too low or rise too high. Last month, OPEC countries, including Saudi Arabia, and other major oil producers agreed to cut production by 1.2 million barrels a day to reduce oversupply and boost prices for the first six months of 2019. Oil producers are under pressure to reduce produ...
Rahaf al-Qunun: Saudi teen granted asylum in Canada

Rahaf al-Qunun: Saudi teen granted asylum in Canada

World
Media playback is unsupported on your device A Saudi woman who fled her family and became stranded at Bangkok's main airport is flying to Canada after being granted asylum status.Rahaf Mohammed al-Qunun, 18, had been trying to reach Australia via Bangkok, but was initially told to return to Kuwait, where her family were waiting.She refused to fly back and barricaded herself into her airport hotel room, attracting international attention.She said she had renounced Islam, which is punishable by death in Saudi Arabia.The UN's refugee agency has said it considers her to be a legitimate refugee.Refugee status is normally granted by governments, but the UNHCR can grant it where states are "unable or unwilling to do so", according to its website. Can...
Nasdaq Dubai launches Saudi futures in bid to diversify investor offering

Nasdaq Dubai launches Saudi futures in bid to diversify investor offering

Finance
The Nasdaq Dubai on Wednesday launched futures trading on shares of 12 Saudi Arabian companies, its first single stock futures outside of the United Arab Emirates. The move aims to diversify financial offerings to regional and international investors, allowing them to both invest in and trade Saudi companies on the Emirati exchange. The companies now available for futures trading on the Dubai exchange comprise a market capitalization of 794 billion Saudi riyals ($ 212 billion) and cover sectors including real estate, mining, banks, industrial materials and petrochemicals. "This is a very good opportunity for investors out of ...