Warner Music Group Corp (WMG) buys minority stakes in Saudi Rotana Music

US-based Warner Music Group Corp (WMG) has acquired minority stakes in Rotana Music label owned by Prince Al-Waleed bin Talal for strategic positioning in the Middle East region. “We’re thrilled to be joining with Rotana, whose significant presence in the Read more

KSA: Brother of billionaire Al Waleed bin Talal released from detention in crackdown on corruption

Saudi authorities freed Saturday the brother of billionaire Al Waleed bin Talal after an 11-month detention in the crackdown on corruption campaign, which targeted over 200 individuals including 11 princes, business tycoons and high ranking officials. Prince Khalid bin Talal Read more

Qatar’s Katara Hospitality deploys nearly $600 million to acquire New York Plaza Hotel

Qatar’s Katara Hospitality has emerged as the new owner of New York’s palace-like Plaza Hotel after it splashed out around $600 million on the property near Central Park.  Hotel owner, India’s Sahara Group agreed to let to property to the Read more

KSA: Prince Al Waleed eying massive investment in New York’s Plaza Hotel acquisition

Saudi billionaire and international investor Prince Al Waleed has entered competition to buy New York famous Plaza Hotel as his investment company, Kingdom Holding, and New York-based Ashkenazy prepare an offer after they exercised the right of first refusal over Read more

KSA: Construction of world’s tallest tower to go ahead despite crackdown on investors

The project to build the world’s tallest skyscraper in the Saudi city of Jeddah will continue as planned despite seizure by the government of some investors’ assets amid anti-corruption campaign, head of the consortium behind the project has said. Mounib Read more