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
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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 has provided more than $13bn in support to Yemen since 2014: Arab coalition

Updated 5 min 51 sec ago
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 Saudi Arabia has provided more than $13bn in support to Yemen since 2014: Arab coalition

JEDDAH: Saudi Arabia has provided more than $13 billion in support to Yemen since 2014, said the Arab coalition on Monday.
Spokesperson Turki Al-Maliki said: "We are providing political and humanitarian relief efforts to support the Yemeni people in addition to combating terrorism in Yemen."
Speaking during a weekly press conference in Riyadh, Al-Maliki said specific military operations continue in Hadramout and other Yemeni areas and the coalition continues to support the ground operations of the Yemeni National Army towards Maran.
He also said the Iranian-backed Houthi militia have breached the Stockholm agreement more than 1,400 times.
Al-Maliki explained that the coup and the absence of legitimacy led to the rise of terrorist organizations in Yemen.
The coalition presents the proceeds of weapons, drugs and equipment that resulted from its qualitative operations