Billionaire and philanthropist Prince Alwaleed bin Talal has been arrested as part of a Saudi Arabian-led anti-corruption drive. Senior Saudi sources confirmed the arrest late on November 4^th.

Another high-profile name said to be detained is Sheikh Salah Kamel, founder of the Arab Radio & Television (ART) media group, and the Dallah al Baraka banking, food and real estate conglomerate.

The prince is one of the Gulf region’s key media players, and amongst other investments owns the Rotana music-to-films organisation, and includes a portfolio of luxury hotels as part of his Kingdom Holdings business. He owns the Lebanese Broadcasting Corp (LBC) TV channel, based in Beirut.

He is a major investor in News Corp and 21^st Century Fox, is reportedly the largest investor in banking operation Citigroup, and an investor in Twitter.

Other posts by :

1. Bank: Space industry worth $1tn by 2040
2. Xona Space wants 259 LEO satellites
3. 36 major airlines now committed to Starlink
4. Quilty: Top 5 Washington Satellite show takeaways
5. Space Wars: Starlink vs Amazon Leo
6. Eutelsat seeks ISRO deal for launches
7. Virgin Galactic sets prices for space tourists
8. Devas vs Antrix rumbles on
9. Shotwell makes TIME front cover

Categories: Articles, Business, Funding, People, Policy, Regulation