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: Prince al-Waleed refusing settlement with authorities in purge against corruption

Prince al-Waleed bin Talal has reportedly refused to give up part of his fortune in exchange for freedom in the purge launched by authorities to wipe out corruption. The owner of Kingdom Holding Company according to the Financial Times has 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

Middle East: Another spying virus discovered

Another new virus capable of spying on financial transactions, email and social networking activity has come to surface. The virus named “Gauss” was uncovered by the Kaspersky laboratories and after analysis by the antivirus firm, there are strong believes that Read more