Saudi Prince Alwaleed bin Talal, one of the world's richest men, Thursday excoriated a young woman model whose accusation that he raped her was dismissed a day earlier by a Spanish court, the prince said in a statement.
The social media universe has been aghast this week after the revelation that Prince Alwaleed bin Talal of Saudi Arabia has invested $300 million in Twitter. The shock and awe seems to center around the notion that Twitter has been at least partly responsible for the Arab Spring uprisings that directly threaten the Saudi royal family's grip on power. On the surface, anyway, this seems like a contradiction.
How many banks will fail this year? No one knows of course, but the answer is many. So far in 2009, we've already had three, putting us on a one-per-week pace. That could mean a doubling of last year's tally of 25, and only slightly less than the total number of failures heretofore over the entire decade (57).
Saudi Prince and billionaire Al-Waleed bin Talal says he will build the world's tallest building, planned to be over a kilometer (3,281 feet) high. The tower will be built in the Saudi town of Jeddah and will be part of a larger project that will cost $26.7 billion, (100 billion Saudi riyals) said the Prince's firm, Kingdom Holding Company.
In the midst of staggering losses and intense public scrutiny, former Citigroup CEO Charles O. Prince III could always count on the support of the company's biggest individual shareholder: Prince Alwaleed bin Talal bin Abdul Aziz al Saud. Less than a month ago, the Saudi prince, who owns 3.6% of the company, even dismissed a sharp drop in earnings as a "mere hiccup."