Prince alWaleed News
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Forbes magazine has responded to accusations by Saudi Prince Alwaleed that it has underestimated his wealth in it's list of the world's richest people, by alleging the prince "systematically exaggerates" his wealth.
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Saudi Prince Alwaleed has reiterated his warning that "unemployment in Saudi Arabia is definitely a time bomb." He believes more should be done to replace expatriate workers with unemployed Saudis.
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Prince Alaweed of Saudi Arabia, founder of the Kingdom Holding Company and nephew of King Abdullah, is looking to expand his holdings, specifically in the digital sector.
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The luxury Four Seasons Hotel in Toronto has been purchased by the Kingdom Holding Company (KHC) for $200 million. KHC is the investment group owned by Saudi Arabian Prince Alwaleed.
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Paris -
The Louvre unveiled a new wing of Islamic art on Saturday. French President François Hollande inaugurated the new wing on Tuesday, together with Saudi Prince Alwaleed bin Talal, whose Alwaleed Foundation donated $23 million to the Louvre Museum in 2005.
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The world's largest private yacht, under construction in Germany, is set to eclipse the Eclipse, currently the top super yacht. Project Azzam is set to cost more than $600 million.
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Saudi Arabia's Prince Alwaleed Bin Talal Al Saud, chairman of the Kingdom Holding Company, has topped the Forbes Middle East's Arab billionaires ranking for the second consecutive year, with a fortune of $18 billion.
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Speculation is rife that the change in Twitter's censorship policy, announced last week, is perhaps linked to the $300 million investment that Saudi Prince Al-Waleed made in the company.
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The Grand Mufti of Saudi Arabia has issued a Fatwa against social media site Twitter, demanding that "real Muslims" avoid it.
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For the eighth consecutive year Saudi billionaire Prince Alwaleed, chairman of the Kingdom Holding Company, has topped the Arabian Business Rich List.
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