Prince Alwaleed, Murdoch discuss strategic alliance

Updated 05 February 2013

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.


Emirates Skycargo deploys capacity to supply food, medicines in UAE

Updated 47 min 18 sec ago

Emirates Skycargo deploys capacity to supply food, medicines in UAE

  • The UAE imports 90 percent of its food
  • The cargo organization said it transported between mid-January and mid-March more than 225,000 tons of cargo

DUBAI: Emirates Skycargo said on Wednesday that it deploys capacity to supply and replenish food and medicines in the UAE, as rulers role out strategies to sustain the country amid the coronavirus pandemic, Reuters news agency reported.

The national cargo organization said it transported between mid-January and mid-March more than 225,000 tons of cargo in total out of which 55,000 tons were food items including fruits, vegetables, meat and seafood, and more than 13,000 tons were pharmaceutical. 

Since the UAE imports 90 percent of its food, food security is a top priority. The annual food security costs of the country is $3.53 billion annually.

Earlier this week the UAE announced a strategic food security law that ensures adequate and uninterrupted food supplies through wholesalers and retailers across the UAE at all times, Khaleej Times reported. 

The law seeks to regulate the strategic stock of food commodities in the country in the event of crises, emergencies and disasters and offers incentives and facilities to registered providers and merchants.