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Nokia charging back with full force
Saudi government websites targeted
The judgement will allow the family to go after the money, though it is unlikely to be the final word on the rift in the clan, which has left some of the world's biggest banks nursing billions of dollars in losses.
June 20, 2012 2:00
Mohammed Algosaibi talks to Reuters about the $22-billion-lesson his family learned about the dangers of ‘name lending’ in the Middle East.
June 13, 2011 12:57Bank files for Chapter 11 in New York; Awal controlled by Saad, Al-Sanea; More than $1 billion liabilities shown in petition.
October 23, 2010 12:38Reuters data suggests loans worth around $5.5 billion are due in 2012; More than 120 banks believed affected.
April 23, 2010 9:43
From Dubai’s debt debacle to Saudi’s Saad and Algosaibi case, the Gulf States saw many major economic happenings that shook the world.
December 27, 2009 7:10The UAE central bank governor announced on Monday that 13 banks…
September 28, 2009 2:12Abu Dhabi Commercial Bank (ADCB) is owed AED2.24 billion by troubled Saudi firms…
September 23, 2009 2:56
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
