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Billionaire Mohamed al-Fayed, whose son died with Princess Diana, dies at 94


Mohamed al-Fayed, the self-made Egyptian billionaire who bought the Harrods department store and promoted the discredited conspiracy theory that the British royal family was behind the death of his son and Princess Diana, has died, his family said.
Born in the Egyptian city of Alexandria, al-Fayed began his career selling fizzy drinks and then worked as a sewing-machine salesman. He built his family’s fortune in real estate, shipping and construction, first in the Middle East and then in Europe.
Although al-Fayed owned establishment symbols such as Harrods, Fulham and the Ritz hotel in Paris, he was always an outsider in Britain, tolerated but not embraced.
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He fell out with the British government over its refusal to grant him citizenship of the country that was his home for decades, and often threatened to move to France, which gave him the Legion of Honor, its highest civilian award.
Al-Fayed – who could be charming, autocratic, vindictive, and at times wildly outspoken – spent 10 years trying to prove Diana and his son Dodi were murdered when their car crashed in a road tunnel in Paris in 1997 as they tried to outrun paparazzi photographers on motorbikes.
Unsupported by any evidence, according to the inquest into Diana’s death, he claimed that she was bearing Dodi’s child and accused Prince Philip, the queen’s husband, of ordering Britain’s security services to kill her to stop her marrying a Muslim and having his baby.
Al-Fayed died on Wednesday, his family said, a day before the 26th anniversary of Dodi and Diana’s death.
“Mrs Mohamed Al Fayed, her children and grandchildren wish to confirm that her beloved husband, their father and their grandfather, Mohamed, has passed away peacefully of old age,” the family statement read.
While al-Fayed was known for self-invention, exaggeration, and boasting, he was also a central figure in key moments in Britain’s recent history.
His rancorous takeover of Harrods in 1985 sparked one of Britain’s most bitter business feuds, while in 1994 he caused a scandal with the disclosure that he had paid politicians to ask questions on his behalf in parliament.
Like many billionaires, al-Fayed spurned convention. He once said he wanted to be mummified in a golden sarcophagus in a glass pyramid on the roof of Harrods.
At the store, where he instituted a dress code – even for customers – which he enforced in person, he installed a kitsch bronze memorial statue of Diana and Dodi dancing beneath the wings of an albatross.

Harrods chairman Mohamed Al-Fayed unveils a memorial to his son Dodi and Britain’s Diana, Princess of Wales, at Harrods in London on September 1, 2005. (Reuters)

Harrods chairman Mohamed Al-Fayed unveils a memorial to his son Dodi and Britain’s Diana, Princess of Wales, at Harrods in London on September 1, 2005. (Reuters)

As the owner of Fulham, he erected a larger-than-life, sequined statue of Michael Jackson outside the ground even though the singer only attended one match. When people complained, he said: “If some stupid fans don’t understand or appreciate such a gift, they can go to hell.”

Harrods takeover

Much of al-Fayed’s past remained murky – even his date of birth. He said he was born in then British-ruled Egypt in 1933. However, a British government inquiry into the Harrods takeover said 1929.
Al-Fayed became resident in Britain in 1974 and added the al to his name. Casting this as self-aggrandizement, the satirical magazine Private Eye nicknamed him the “Phoney Pharaoh.”
In 1985, he and his brothers beat businessman Roland “Tiny” Rowland to Harrods, one of the most famous shops in the world.
Al-Fayed hoped that buying the store would win him acceptance in British society. Instead, it led to a series of bitter confrontations.
Rowland took al-Fayed and his brothers to a Department of Trade inquiry, claiming that they had misrepresented their wealth.
The inquiry cast doubt on their origins as part of a wealthy business family, past business connections, and their independent financial resources.
After a quarter of century of ownership, al-Fayed sold Harrods to Qatar’s sovereign wealth fund in 2010.
Al-Fayed’s application for British citizenship was denied by the government in 1995. He said racism kept him on the fringe of acceptability.
A year earlier, al-Fayed had embarrassed the government by disclosing that he had made gifts and payments to politicians in return for them asking parliamentary questions for him. The so-called “cash-for-questions” scandal ended the careers of four politicians, including one minister.
The allegations of sleaze undermined the Conservatives, who lost a landslide election to Labour leader Tony Blair in 1997.

Diana and Dodi

That summer, al-Fayed’s son Dodi began a relationship with Princess Diana, who had divorced Prince Charles, the heir to the British throne. Dodi and Diana were pictured by British tabloids on holiday on a yacht in the south of France.

Princess Diana. (File photo: AP)

Princess Diana. (File photo: AP)

After traveling to Paris, the couple were killed when their Mercedes, driven at high speed by a chauffeur who had been drinking whisky and was trying to evade the paparazzi, crashed into a concrete pillar in the Pont de l’Alma tunnel.
Beset by grief and an overwhelming sense of injustice, al-Fayed spent millions on legal battles to ensure there was an inquest.
When it started in London a decade after the crash, al-Fayed would accuse everyone from the royal family, Prime Minister Blair, Diana’s sister Sarah, the French embalmers of Diana’s body, and the Paris ambulance drivers of being implicated.
But the jury said the couple were unlawfully killed by their chauffeur’s driving. Al-Fayed said he accepted the verdict and gave up legal attempts to show they were murdered.
“I’m leaving the rest for God to get my revenge,” he said.
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Crown Prince of Abu Dhabi meets with CEOs of leading Norwegian companies

H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with a group of CEOs from leading Norwegian companies, as part of their participation in the UAE-Norway Investment Forum, held alongside his official visit to the Kingdom of Norway.

During the meeting, H.H. Sheikh Khaled bin Mohamed bin Zayed underscored the UAE leadership’s commitment to strengthening economic cooperation with its international partners.

He highlighted that investment in innovation and knowledge is a cornerstone for achieving sustainable development, noting that enhancing collaboration with Norwegian companies across key sectors will open new avenues for mutual economic growth between the two countries.

The UAE-Norway Investment Forum, taking place in Oslo, aimed to highlight available investment opportunities and strengthen trade relations between the UAE and Norway, fostering shared interests and supporting innovation and knowledge-based economic visions.

-wam

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At the Indonesia International Book Fair 2024, TRENDS inaugurates 10th global office, releases four books

As part of its Asian research tour, partnership with Aletihad News Center, and
primary sponsorship of the Indonesia International Book Fair 2024, TRENDS
Research & Advisory inaugurated its office in Jakarta, marking its 10th location
worldwide. It also released four books in Indonesian.
The inauguration event was attended by ambassadors of the UAE, Bahrain, and
Jordan to Indonesia, chairpersons of the UAE and Indonesian Publishers’
Associations, the Director of TRENDS’ Jakarta office, and a group of researchers
and academics.
Speaking at the event, Dr. Mohammed Abdullah Al-Ali, CEO of TRENDS
Research & Advisory, stated that TRENDS’ international offices—set to reach 15
by the end of 2024—aim to enhance the Center’s research efforts and deepen its
role in disseminating knowledge, thus serving as a global knowledge bridge.
He emphasized, “At TRENDS, we believe in the importance of cooperation
between think tanks and prioritize this endeavor. We believe the TRENDS office in
Jakarta will enhance the exchange of knowledge and ideas between think tanks in
Asia and the Middle East, opening new horizons for collaboration in various
fields.”

Four books in Indonesian
As part of the Jakarta office’s inaugural activities, four books were released in
Indonesian, including the 11th and 12th books of the Muslim Brotherhood
Encyclopedia and Global Trends in AI and Automation and the Future of
Competition between Man and Machine: An Analytical Forward-looking Vision.

Hostility to Arab states
The 11th book of the Muslim Brotherhood Encyclopedia, The Concept of the State
According to the Muslim Brotherhood, highlights its hostile stance toward Arab
states since its inception. The group views them as an obstacle to its ascent to
power. It opposed the modern principles upon which these states were built,
considering them incompatible with the group’s unique interpretation of Islam,
which it claimed to embody exclusively.

Exclusion of nonconformists
The 12th book, The Muslim Brotherhood: Rejection of Tolerance and Exclusion of
Nonconformists, examines the Muslim Brotherhood’s stance towards
nonconformists, individuals, and entities. The book reveals the group’s binary view
of the world, categorizing others as allies or adversaries. It ties these relationships
to the Brotherhood’s internal power struggles and self-serving interests.

Global Trends in AI
The third book, Global Trends in AI, explores significant developments in AI and
its impact on various aspects of life, including the economy, society, and
governance. It also offers a comprehensive analysis of technological advancements
in AI, its applications across sectors, the ethical and social challenges it presents,
and its future trajectory.

Automation

The fourth book, Automation and the Future of Competition between Man and
Machine: An Analytical Forward-looking Vision, addresses the growing challenges
faced by the human workforce in the face of widespread automation and AI
applications. The book concludes that while automation presents a significant
challenge to the labor market, it simultaneously creates new opportunities. It
emphasizes the importance of preparing for this shift through skills development,
continuous education, and adopting economic and social policies that support the
workforce.

Prominent pavilion and active presence
The TRENDS’ pavilion at the Indonesia International Book Fair has attracted
numerous visitors, including academic researchers and officials, such as the
ambassadors of the UAE, Bahrain, Qatar, Jordan, and Turkey. Additionally,
chairpersons of Arab and Indonesian publishers’ associations, authors, publishers,
and students visited the pavilion. All were impressed with and praised TRENDS’ diverse, valuable publications. They also commended TRENDS’ active
international presence and ability to address global developments with rigorous
analytical research.
Dr. Mohammed Abdullah Al-Ali honored the esteemed guests, including
ambassadors of the UAE and Bahrain to Indonesia, Wedha Startesti Yudha,
Chairperson of the Indonesia International Book Fair Committee, Arys Hilman
Nugraha, Chairman of the Indonesian Publishers Association, and others,
presenting them with TRENDS’ publications and commemorative shields.
Additionally, he awarded TRENDS’ Research Medal to Ni Made Ayu Martini
Indonesian Deputy Minister of Marketing, Tourism and Creative Economy
It is worth noting that during its current Asian research tour, TRENDS announced
the launch of the TRENDS Research Medal, awarded to individuals who make
significant contributions to the development of scientific research and promote collaboration with TRENDS in strengthening a culture of research across various fields.

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US determined to prevent full-scale war in Middle East, Joe Biden tells UNGA79

US President Joe Biden highlighted the US Administration’s determination to prevent a wider war that engulfs the entire Middle East region, noting that a diplomatic solution “remains the only path to lasting security to allow the residents from both countries to return to their homes on the border safely”.

In remarks he made today before the 79th Session of the United Nations General Assembly (UNGA79), the US President said, “Full-scale war is not in anyone’s interest,” adding that a diplomatic solution is still possible.

He also touched on “the rise of violence against innocent Palestinians on the West Bank”, and the need to “set the conditions for a better future”, which he said featured “a two-state solution, where the world — where Israel enjoys security and peace and full recognition and normalised relations with all its neighbours, where Palestinians live in security, dignity, and self-determination in a state of their own”.

President Biden underscored the ceasefire and hostage deal put forth by Qatar and Egypt, which the UN Security Council endorsed. He said, “Now is the time for the parties to finalise its terms, bring the hostages home,” adding that this would help ease the suffering in Gaza, and end the war.

-WAM

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