Saudi billionaire Prince Alwaleed bin Talal says he will not sell any of his shares in microblogging site Twitter when it goes public, and expects the firm's IPO to hit the market later this year or in early 2014.
It's a classic he-said-she-said — except she is Forbes' Senior Editor Kerry Dolan and he is Prince Alwaleed bin Talal, considered to be the richest man in Saudi Arabia and one of the richest people in the world.
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 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.
Saudi Arabia's Kingdom group controlled by tycoon Prince Alwaleed bin Talal said on Tuesday it would launch a regional 24-hour news channel to be headed by prominent journalist Jamal Khashoggi.The new channel "will focus on development in Saudi Arabia and the Arab world on the political, economic and social fronts," Prince Alwaleed bin Talal said in a statement.The channel, which will make use of a network of reporters from across Arab countries, will enter a field already dominated by tough competition between Qatar-based Al-Jazeera and the Saudi-controlled Al-Arabiya.