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Saudi prince sues Forbes for libel over claim he’s only worth $20 billion
LONDON (Reuters) – Saudi billionaire Prince Alwaleed bin Talal has sued Forbes magazine for libel in a British court, alleging its valuation of his wealth at $20 billion was short of the mark by $9.6 billion, Britain’s Guardian newspaper reported on Friday. The prince, a grandson of Saudi Arabia’s founder…
Spanish court drops rape probe against Saudi prince
MADRID — A Spanish court has dropped a probe into allegations a Saudi billionaire prince raped a model on a yacht in Ibiza three years ago, according to a ruling seen by AFP Wednesday. The case concerns Prince Alwaleed bin Talal, a nephew of King Abdullah and one of world’s…
Saudi’s Prince Alwaleed buys Twitter stake
DUBAI (Reuters) – Saudi billionaire Prince Alwaleed bin Talal, an investor in some of the world’s top companies, on Monday unveiled a $300 million stake purchase in fast-growing microblogging site Twitter, gaining another foothold in the global media industry. Alwaleed, a nephew of the Saudi king with a personal net…
Spanish court reopens rape case against Saudi prince
MADRID — A Spanish court has reopened a probe into allegations a Saudi billionaire prince raped a model on a yacht in the Mediterranean three years ago, according to a ruling seen by AFP Wednesday. The case concerns Prince Alwaleed bin Talal, a nephew of King Abdullah and one of…
Saudi tycoon to build new world’s tallest tower
RIYADH — Saudi billionaire Prince Alwaleed bin Talal launched Tuesday a project to build the world’s tallest tower at more than 1,000 metres (3,281 feet) in the Red Sea city of Jeddah. The project to built a tower topping Dubai’s world’s highest building, Burj Khalifa, “will soon see the light…
Saudi billionaire, News Corp. benefactor, rebuffs calls for restructuring
LONDON (Reuters) – News Corp’s major shareholder Prince Alwaleed bin Tala has rebuffed calls to change the company’s dual-class structure or leadership, the Financial Times reported in its Tuesday edition. “Investors went into News Corp knowing the class A and B share structure,” Alwaleed was quoted as saying in an…
Murdoch, Saudi prince team up to launch ‘Arabic Fox News’
Fox News owner Rupert Murdoch has partnered with Saudi Prince Alwaleed bin Talal to launch a new 24-hour news network for the Arab world, a move that has drawn mockery from Murdoch’s critics and questions from media experts. First and foremost among those questions is whether a news service linked…
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