| News Archive |
| Prince Naif briefs Cabinet on Jeddah floods |
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| Crown Prince Sultan, deputy premier and minister of defense and aviation, has emphasized the urgent need to find drastic solutions for Jeddah's recurrent and devastating flood problem to prevent a repeat of the Nov. 26 deluge in the future.
"We have to implement the directives of Custodian of the Two Holy |
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| Prince Faisal honors outstanding Insan students |
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| Prince Faisal bin Salman, chairman of the executive committee of the Charitable Society for the Care of Orphans (Insan), on Tuesday honored 331 outstanding students supported by the charity.
The students, who performed well at various levels of education, belonged to the society's branches in Riyadh, Alkha |
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| Prince al-Waleed named richest Arab businessman |
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Saudi Prince al-Waleed bin Talal is the richest Arab businessman for 2010, and for the seventh year, the Dubai-based magazine, Arabian Business reported on Sunday.
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| Dubai: Debt is no longer a big concern for Dubai's economy as some of the leading government-owned entities have made significant progress in restructuring their obligations, Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committe |
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| business & finance club : Dubai: Debt is no longer a big concern for Dubai's economy as some of the leading government-owned entities have made significant progress in restructuring their obligations, Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee, said on Sunday. |
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| Saudi tycoon Alwaleed buys one percent stake in GM |
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| Business & Fiance Club - Riyadh : Alwaleed and Kingdom took a one percent stake in GM when the automaker returned to the public share markets with a 20 billion dollar-plus initial public offering on November 18, Kingdom Holding Company said in a statement. |
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| Saudi tycoon Alwaleed buys one percent stake in GM |
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Business & Fiance Club - Riyadh : Alwaleed and Kingdom took a one percent stake in GM when the automaker returned to the public share markets with a 20 billion dollar-plus initial public offering on November 18, Kingdom Holding Company said in a statement.
"The decision of Kingdom Holding Company and Prince Alwaleed to invest in GM was based on the global strength of General Motors brand, the relatively attractive offering price, and the company's growth prospects in Brazil and China," it said.
The statement did not say how many shares were bought, or how KHCs arrived at the 1 percent figure. GM last week launched an initial public offering worth $15.8 billion, a move that signaled its resurrection following its fall into bankruptcy protection and the subsequent $50 billion bailout by U.S. taxpayers.
The carmaker had hoped to tap rich Mideast sovereign wealth fund and wealthy Arab investors. But Kingdom Holding Company is the only Arab investor to disclose an investment in the company.
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