Saudi businessman Khashoggi, ‘Onassis of the Arab world,’ dies

This file photo taken on September 02, 2007 shows Saudi-born businessman Adnan Khashoggi attending a gala charity of the World Association of Children's Friends at the Hotel de Paris in Monaco. Saudi arms dealer Adnan Khashoggi, a tycoon known for his lavish billionaire lifestyle and far-reaching international connections, has died in London at the age of 82, his family said on June 6, 2017. (AFP)
Updated 07 June 2017
0

Saudi businessman Khashoggi, ‘Onassis of the Arab world,’ dies

JEDDAH: Saudi businessman Adnan Khashoggi, once one of the world’s richest men with far-reaching international connections, died on Tuesday.
“Our beloved father Adnan Khashoggi, aged 82, died peacefully today in London while being treated for Parkinson’s Disease,” his family said in a statement.
“He lived his last days... with the same elegance, strength and dignity that characterized his remarkable life.”
“Our father understood the art of bringing people together better than anyone,” the family said. “He celebrated life in the living of it, and always with an innate curiosity in others.”
Khashoggi was well-known for his lavish lifestyle. He was estimated to be worth some $4 billion at the peak of his wealth in the 1970s. He was born in Makkah, the son of Muhammad Khashoggi. His family is of Turkish origin.


He “combined commercial acumen with an over-riding loyalty to his country. His work always furthered the interests of his country,” his family said.
Khashoggi left his studies in order to seek his fortune in business.
Othman Al-Omeir, former editor in chief of Asharq Al-Awsat and founder of Elaph, the Arab world’s first online newspaper, said Khashoggi “was a colorful personality. He was a self-made man… I was on very good terms with him.”

He added that Khashoggi “was one of the greatest businessmen in the world, at a time when there were not many rich people… He was very generous and kind.”
Al-Omeir described him as “the Bill Gates of his time” and “the Onassis of the Arab world,” referring to Aristotle Socrates Onassis, a Greek-Argentine shipping magnate who amassed the world’s largest privately owned shipping fleet and was one of the world’s richest and most famous men.
Khashoggi’s yacht, the Nabila, was the largest in the world at the time, and was used in the James Bond film “Never Say Never Again.”
He was “unique,” said Al-Omeir. “There was only one on Adnan Khashoggi. There can never be another one.”

— With input from AFP, AP


Saudi Arabia, UAE to attend US-led Palestine investment meeting

Updated 23 May 2019
0

Saudi Arabia, UAE to attend US-led Palestine investment meeting

  • The Palestine Liberation Organization and Islamist group Hamas have called for an Arab boycott of the meeting
  • Saudi Arabia has assured Arab allies that it will not endorse any US plan that fails to meet key Palestinian demands

JEDDAH: Saudi Arabia and the UAE will participate in a conference next month in Bahrain aimed at encouraging investment in the West Bank and Gaza Strip, as part of US President Donald Trump’s long–awaited Israel–Palestine peace plan. 

The Peace to Prosperity conference, to be hosted on June 25–26 in cooperation with the US, has already been rebuffed by Palestinian officials and business leaders, who want their political demands met by any proposed solution to the conflict.

The Palestine Liberation Organization and Islamist group Hamas have called for an Arab boycott of the meeting.

The Saudi minister of economy and planning, Mohammed bin Majid Al–Tuwaijri, will attend, the Saudi Press Agency reported on Wednesday.

The UAE Ministry of Foreign Affairs and International Cooperation said Abu Dhabi would also send a delegation.

The Palestinian Authority has boycotted American peace efforts since late 2017, when Trump decided to move the US Embassy from Tel Aviv to Jerusalem and recognized the latter as the capital of Israel, reversing decades of US policy.

The Trump administration has sought to enlist support from Arab governments.

But Saudi Arabia has assured Arab allies that it will not endorse any US plan that fails to meet key Palestinian demands, which include affirming East Jerusalem as the capital of a Palestinian state, the right of return for refugees, and a freeze on Israeli settlement construction.