Saudi Prince Alwaleed bin Talal lost a lawsuit over a US$10-million commission on an airplane he sold to former Libyan leader Muammar Gaddafi, in which a judge accused him of being “completely unreliable.”
Alwaleed, the 21st-richest man in the world, must pay Jordanian businesswoman Daad Sharab commission on the US$120-million sale of the Airbus A340 in 2006, Judge Peter Smith ruled in London today.
As the US-Saudi 'secret' oil deal continues to depress the price of oil, pressure Russian revenues, squeeze European budgets, and raise doubts about the status quo (OPEC and the rest of the world), not all of The Kingdom's elites are happy.
Saudi billionaire Prince Alwaleed bin Talal says he is looking at the world's largest cities, including Shanghai, Moscow, London, and New York, as possible locations to build a mile-high skyscraper that would be the world's tallest building by far.
Saudi Arabia’s Prince Alwaleed bin Talal is suing business magazine Forbes over claims it underestimated his fortune by $9.6bn (£6.1bn). Prince Alwaleed, owner of London’s Savoy hotel, said in March that he would sever ties with the publication after its annual rich list valued him at $20bn, not enough to place him in the coveted top 10.