Hollande returns empty-handed from Riyadh
The spectacular rapprochement between France's Socialist government and Saudi Arabia (IOL 695) has yet to translate into actual business deals. [...]
Thales is a defense electronics company in aerospace and defense industries. It came into being with the merger of Alcatel, Dassault Electronic and Thomson CSF and inherited the latter company’s naval activity, which it has developed in recent years. Thales now operates in 50 countries and has become a leading player in the defense industry.
Omar Zeidan is one of the best-connected among the established agents of French industry in the Arab world. He is still very active in 2013, steering through projects in Saudi Arabia and Kuwait and partnering investments of the Al-Assad clan in Syria. At the same time, he is trying to establish himself in Libya and is continuing to advance his own investment projects in Africa generally. After hav [...]
Fadel Al Kaabi, formerly of the Tawazun sovereign fund, set up the International Golden Group (IGG) in 2002. The company, which is headed by Fadel's uncle, former armed forces deputy chief of staff Mohammed Hilal Al Kaabi, specialises in partnerships with Western defence groups like France's Thales, Britain's BAE, Paramount of South Africa and Italy's Selex. In 2013, IGG also went into partnership [...]