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. Iridium deal a “watershed” moment for Rocket Lab
2. S&P adds Arqiva to CreditWatch negative list
3. Bank: The AWS-3 winners
4. Analyst: SpaceX and its cellular plans
5. Vodafone Spain explains Sat-Connect Europe plan
6. FCC praises AST SpaceMobile
7. AST SpaceMobile’s August launch plan
8. SpaceX post-IPO value trimmed
9. Thailand’s National Telecom advised to give up satellite slot

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