Prince Alwaleed, Saudi Arabia's self-proclaimed Warren Buffett, has seen his fund Kingdom Holdings return 52% since September 5th, when it hit a 52-week low. And the Prince has told Bloomberg that there's more where that came from.
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 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 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.