Prince Alwaleed and Google’s Schmidt discuss investments

Updated 27 November 2013
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Prince Alwaleed and Google’s Schmidt discuss investments

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), recently met with Eric Schmidt, executive chairman of Google in Chicago, US.
Shadi Sanbar, KHC’s executive director and CFO and member of the investment committee, Heba Fatani, senior executive manager, corporate communications department, Nahla Nasser Alanbar, private executive assistant to the chairman, Naief Hussam Alzuhair, manager, website and social media and Fahad bin Saad bin Nafel, executive assistant to the chairman, also attended the meeting.
The chairman and Schmidt discussed business and economic issues during their meeting.
The two also discussed Prince Alwaleed’s investments in the US.
Also, on the agenda of discussions was future potential business cooperation between KHC and Google in the technology field.
In February 2013, Prince Alwaleed met with Eric Schmidt at The Savoy hotel, UK.
Also, Prince Alwaleed and Google’s Schmidt held a lunch meeting in the presence of, Prince Khalid bin Alwaleed bin Talal and Shadi Sanbar.


Apple’s Cook to China: keep opening for sake of global economy

Updated 23 March 2019
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Apple’s Cook to China: keep opening for sake of global economy

  • Cook’s comments come as Apple weathers sinking sales in China
  • Despite official pledges and repeated assurances that China would continue to open its markets

BEIJING: Apple chief executive Tim Cook nudged China on Saturday to open up and said the future would depend on global collaboration, as the United States and China remained locked in a bitter trade dispute.
“We encourage China to continue to open up, we see that as essential, not only for China to reach its full potential, but for the global economy to thrive,” Cook said at a China Development Forum in Beijing.
Despite official pledges and repeated assurances that China would continue to open its markets, some analysts worry that its reform project has slowed or even stalled under President Xi Jinping, who has sought greater control over the economy and a bigger role for state-owned firms at the expense of the private sector.
Cook’s comments come as Apple weathers sinking sales in China because of a contracting smartphone market, increasing pressure from Chinese rivals, and slowing upgrade cycles. The company reported a revenue drop of 26 percent in the greater China region during the quarter ending in December.
Before those results came out, in a January letter to investors, Cook blamed the company’s poor China performance on trade tension between the United States and China, suggesting that pressure on the economy was hurting sales in China.