Prince Alwaleed, Murdoch discuss strategic alliance

Updated 05 February 2013
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Prince Alwaleed, Murdoch discuss strategic alliance

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC) and Rotana Group, met with James Murdoch, deputy chief operating officer, chairman and CEO of News Corporation International at The Savoy Hotel, during the prince's visit to London.
The meeting was also attended by Fahad Alsukait, CEO of Rotana Group and CEO of Alarab Channel that is owned by Prince Alwaleed, and Nahla Nasser Alanbar, private executive assistant to the prince, and top executives of News Corp.
Prince Alwaleed and James Murdoch discussed various issues related to Rotana, News Corp. and KHC. Also during the meeting, they discussed their strategic alliance and reaffirmed their support for Rotana. Prince Alwaleed has 7 percent (voting shares) through KHC in News Corp. and KHC, which is 95 percent owned by Prince Alwaleed, is the second largest shareholder in News Corp. after the Murdoch family. Moreover, News Corp. owns a 19 percent stake in Rotana.


South Korea: Japan dispute to hit global technology companies

Updated 17 July 2019
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South Korea: Japan dispute to hit global technology companies

  • Japan’s steps are inconsistent with World Trade Organization principles, South Korean government source says

SEOUL: Export curbs Japan imposed in its dispute with South Korea will adversely affect global technology companies and hurt the operations of tech giant Samsung in the Texas state capital of Austin, a South Korean government source said on Wednesday.
Japan’s steps are inconsistent with World Trade Organization principles, but South Korea wants to resolve the dispute through dialogue, the source told reporters in Seoul, speaking on the condition of anonymity in order to discuss negotiations.
If Japan goes so far as to drop South Korea from its “white list” of countries with minimum trade restrictions, it would cause a “tremendous amount of problems,” the source added.