Kingdom Holding Company (KHC) injects $282.99m in Phoenix Group

Kingdom Holding Company (KHC) founded by Saudi Prince Alwaleed Bin Talal, has injected $282.99 million (SR1.063 billion) in the Phoenix Group, one of the largest insurance, savings and retirement companies in the United Kingdom, as part of the company’s continuous Read more

KSA: Bill Gates breaks silence, calls detained Prince Alwaleed important partner

Microsoft founder Bill Gates in an email to Bloomberg Monday dared to speak in favor of Saudi Prince Alwaleed bin Talal whom he called an “important partner”. Alwaleed has been detained along with 200 others in a corruption clean-up drive Read more

KSA: Detainees in anti-corruption crackdown begin payments for freedom

Saudi business tycoons and senior officials detained in anti-corruption purge have begun making payments in exchange for their release, reports say. Up to 201 businessmen and officials, including international investor Prince Alwaleed bin Talal and Minister of the national guard Read more

KSA: Trump endorses arrest of royals, businessmen and officials accused of corruption

US President Monday showed support to Crown Prince Mohamed bin Salman’s fight against corruption in which dozens of princes, businessmen, government officials were detained over the week-end. “I have great confidence in King Salman and the Crown Prince of Saudi Read more

Bahrain closes new television channel funded by Saudi Billionaire

The newly opened Al-Arab channel that started broadcasting from Bahrain on Sunday has been shut down by authorities on Monday. Reasons that led to the decision still remain unclear. Many have linked it to the interview with Al Wefaq’s Khalil Read more