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Saudi billionaire Alwaleed sues ForbesSaudi billionaire Prince Alwaleed bin Talal has sued Forbes magazine for libel in a British court, alleging its valuation of his wealth at $20 billion was short of the mark by $9.6 billion, Britain's Guardian newspaper reported. More… |
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Ambanis ink $2.1bn telecom dealIndia's billionaire Ambani brothers have announced a $2.1 billion deal to share telecom tower infrastructure, cementing a reconciliation between the once-warring siblings. The agreement is another tangible sign that the two ar More… |
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Take me off the list, Prince Alwaleed tells ForbesSaudi Arabia’s Kingdom Holding Company and its chairman Prince Alwaleed Bin Talal have announced that they have ended their long-standing relationship with the Forbes Billionaires List. This follows the F More… |
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Billionaires get richer; millionaires lose groundMany millionaires got poorer in the last year, but billionaires did just fine, using their heavyweight money management teams to ride out market and economic turmoil that hit the lesser rich, research company Wealth-X said. More… |
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Saudi billionaire to invest $3.4bn in EthiopiaSaudi billionaire Mohammed Al- Amoudi plans to invest 59 billion birr ($3.4 billion) in seven industrial projects in Ethiopia over the next five years, a Bloomberg report said. Derba Group, an amalgam of three Ethiopian companies own More… |
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Al Habtoor holds talks with Blackstone chairmanAl Habtoor Group chairman Khalaf Al Habtoor and Steve Scharzman, the chairman and CEO of the Blackstone Group, recently discussed investment opportunities at a meeting in Dubai. Scharzman is a billionaire private equity financer and former More… |
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Prince Alwaleed tops influential Arabs listPrince Alwaleed bin Talal bin Abdulaziz Alsaud, chairman of Kingdom Holding Company, has been ranked number one for the second consecutive year in Middle East’s Magazine’s 2010 list of the World’s 50 Most Influential Arabs. Prince Alwaleed More… |
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Soros warns on gold rally, says nothing safeBillionaire financier George Soros said that gold prices might continue to rise after hitting record highs this week but there are no safe bets in markets nowadays. "Gold is the only actual bull market currently. It just More… |
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Soros buys BSE stake from Dubai FinancialBillionaire financier George Soros has bought a 4 percent holding in India's Bombay Stock Exchange for about $35 million, two sources with direct knowledge of the deal told Reuters The deal values the bourse at around $875 million. &n More… |
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Prince Alwaleed is richest ArabPrince Alwaleed bin Talal bin Abdulaziz Alsaud, chairman of Kingdom Holding Company (KHC), has topped Arabian Business Magazine’s 2009 50 Richest Arab List for six consecutive years. The magazine stated, “Fast forward twelve months and Pri More… |
