Princess Latifa Bin Fahd bin Abdulaziz Al Saud, 54 and daughter of former King Fahd has bought a historical Geneva estate that once belonged to a former Swiss president for 57.5 million swiss francs ($62 million, 47 euros), she bought the 18,88-square metre estate fom the wealthy Nordmann family that co-own the maker of Lacoste clothing. This is the second highest property purchase on record in the city and joins a number of other Saudi royals who already live in the Swiss city.
King Abdullah has asked the Arab people of Egypt to stand together against “attempts to destabilize” Egypt. Backing Egypts military leadership he told viewers on state TV on Friday that “The kingdom of Saudi Arabia, its people and government stood and stands by today with its brothers in Egypt against terrorism.” “I call on the honest men of Egypt and the Arab and Muslim nations to stand as one man and with one heart in the face of attempts to destabilize a country that is at the forefront of Arab and Muslim history.” Saudi Arabia pledged $5bn in aid to Egypt after Mohamed Morsi of the Brotherhood was ousted from the presidency last month, it was a close
King Abdullah of Saudi Arabia donated $100 million dollars to help set up a United Nations centre for fighting terrorism. Abdullah put a suggestion forward for the centre back in 2005, they then signed a agreement with the UN in 2011 to create the centre, where he had previously donated $10 million. Saudi Arabia was the centre of attacks mainly attributed to Al-Qaeda militants between 2003-2004 and has made fighting terrorism a top priority. “I announce a donation from the kingdom of Saudi Arabia of $100 million to support this centre and work for its activation under the umbrella of the United Nations” King Abdullah said in a speach, also calling on the international communtiy
A Saudi Princess Meshael Alayban, 42, one of the wives of Saudi Prince Abdulrahman bin Nasser bin Adulaziz al Saud was arrested in California after being accused of human trafficking and making staff work long hours, seven days a week for little money, if found gulity she could face up to 12 years in prison. The worker could not leave as her passport was kept locked away from her, but she managed to escape while on a family outing, and flagged down a passing bus. Passengers on the bus saw how distressed she was and called the Police. Detectives who then searched her home found four other women from the Phillipines who had all also had there passports taken from them, they are all being
Saudi billionaire prince Alwaleed bin Talal has asked for democratic elections in the absolute monarchy where the king cites members of an ineffectual Shura consultative council. Prince Alwaleed, the most affluent Arab businessman and a nephew of King Abdullah, stated in a TV interview broadcast on Tuesday, the monarch’s January decision to nominate thirty women to the council was “really important” but that it’s necessary to go further. “For this to become historic, I think two things are essential: first, elections, even if partial, and, more importantly, (giving) powers,” he pronounced in the interview beamed out on various channels – virtually al
High powered global financier Prince Alwaleed bin Talal of Saudi Arabia is listed by Forbes magazine as the 26th richest person on the planet. While that is a notable achievement, the Prince seems to spend as much time concerned about his public image as his personal investments, and is said to be deeply upset at being listed far below what he feels his actual net worth should be valued at, a sum of 29.6 billion dollars rather than the 20 billion credited him by the magazine. For Prince Alwaleed this is no laughing matter as he considers it a point of honour and suggests that the magazine’s ranking is an insult to his native country of Saudi Arabia. The Prince is known around the world as