Former supermodel wins 53m pounds in divorce from Saudi billionaire

July 9, 2016

London, Jul 9: A British court has awarded a 53 million pounds( USD 69 million) divorce settlement to a former model who had demanded 196 million pounds from her Saudi billionaire husband -- including 1 million pounds a year just for clothes.

modelLawyers for US national Christina Estrada, 54, said the total settlement amounted to 75 million pounds, including the value of her existing assets.

She had asked for 196 million pounds from 61-year-old husband Sheikh Walid Juffali but thanked the court after the ruling.

"I am fully aware that the spectacular life Walid and I led was immensely fortunate and rarefied. And I fully understand how this can be perceived in the wider world," she said in a statement.

In hearings during which she was cross-examined on her material needs she told the court: "I was a top international model. I have lived this life. This is what I am accustomed to".

She said she needed 60 million pounds for a home in London, 4.4 million pounds for a country house in Henley-on-Thames as well as 495,000 poumds for five cars.

Her clothing budget included an annual 40,000 pounds for fur coats, 109,000 pounds for haute couture dresses and 21,000 pounds for shoes.

Juffali is terminally ill with cancer and undergoing treatment in Switzerland. He divorced Estrada under Islamic law without her knowledge and married a 25-year-old Lebanese model in 2012.

London is known as the divorce capital of the world and is particularly attractive for wives because awards are higher than in other parts of the world.

Thousands of wealthy Chinese, Russians, Americans and Europeans, many of whom work in the City of London financial district or own property in Britain, now end their marriages before English judges.

Late Russian oligarch Boris Berezovsky reportedly paid up to 220 million pounds to his ex-wife Galina Besharova in 2011.

Jamie Cooper-Hohn, the estranged wife of a London financier, was awarded 337 million pounds in 2014.

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suleman beary
 - 
Saturday, 9 Jul 2016

Honey is so sweet and precious.

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News Network
May 22,2020

Rajan Kurian with wife Berly Rajan Kurian, son Brian, daughter Bella and mother Valsa

Dubai, May 22: A 43-year-old Indian businessman won USD one million (approximately Rs 7.59 crore) in the Dubai Duty Free draw.

Rajan Kurian, who owns a construction business in Kerala, had bought the ticket online.

Mr Kurian said he was grateful for the win, considering the gloomy circumstances prevailing in the world due to the coronavirus pandemic.

"I will set aside a good part of my win to help the needy. I feel grateful with the win but I need to share it with people who need it," he said. 

Mr Kurian said some of the money will go into growing his business.

"The last few months have been tough with the COVID-19 situation. My business has come to a standstill. This money will be put to good use," he said.

An Indian expat also won a BMW motorbike in the lucky draw held on Wednesday.

A longtime resident of Dubai for 30 years now, 57-year-old Syed Hydrose Abdulla, who works as a public relations officer in a beverages company, had also bought the ticket online.

Comments

Debasisdhara
 - 
Saturday, 18 Jul 2020

Lucky prize money send me please

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March 26,2020

Riyadh, Mar 26: The video summit of the G20 leaders slated for Thursday will unite the global response to the coronavirus pandemic, Saudi Arabia's King Salman said.
"As the world confronts the COVID-19 pandemic and the challenges to healthcare systems and the global economy, we convene this extraordinary G20 summit to unite efforts towards a global response. May God spare humanity from all harm," tweeted King Salman, who will chair the summit.
The summit will be held today via video conference with an aim to advance a coordinated global response to the COVID-19 pandemic and its human and economic implications, the Kingdom had said yesterday in a statement.
India is a member nation of the G20 group. Prime Minister Narendra Modi, who will take part in the summit, said that the Group of 20 (G20) has an important role to play in the fight against coronavirus.
He said: "The G20 has an important global role to play in addressing the #COVID19 pandemic. I look forward to productive discussions tomorrow at the G20 Virtual Summit, being coordinated by the Saudi G20 Presidency."
The other members of the group include Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, the Russian Federation, Saudi Arabia, South Africa, South Korea, Turkey, the UK, the US, and the European Union.
Several international organisations -- including the United Nations, World Bank, the World Health Organization and the World Trade Organization will take part.

Leaders from the Food and Agriculture Organization, the Financial Stability Board, the International Labour Organization, International Monetary Fund, the Organization for Economic Cooperation and Development -- will also be the part of the conference.

Regional organisations will be represented by: Vietnam, the Chair of the Association of Southeast Asian Nations (ASEAN); South Africa, the Chair of the African Union (AU); the United Arab Emirates, the Chair of the Gulf Cooperation Council (GCC); and Rwanda, the Chair of the New Partnership for Africa's Development.

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News Network
May 5,2020

Dubai, May 5: A Saudi ministerial decision issued on Monday allows companies in the private sector to reduce salaries by 40 per cent and allows termination of contracts owing to the economic hardships resulting from the COVID-19 pandemic, according to daily newspaper Al Sharq Awsat.

The new decision was still not published by the cabinet according to the newspaper.

The decision which the newspaper saw a copy of was signed by Saudi Ministry of Human Resources and Social Development to regulate the labour contract in the current period, allows employers to reduce the employees salaries by 40 percent of the actual effective wage for a period of 6 months, in proportion to the hours of work and allowing the termination of employee contract after 6 months of the COVID-19 circumstances.

The new decision has also included a provision in which the employer would be allowed to cut wages even he or she benefits from the subsidy provided by the goverment, such as those for helping pay workers wages or exemption from government fees.

The decision also stressed that employers are not allowed to terminate any employee, unless three conditions are met.

1.            First the passing of six months since the measures of salary cut has been taken

2.            Reducing pay, annual leave and exceptional leave were all used

3.            Company proves that its facing financial troubles due to the circumstances.

The memo, which goes into affect as soon as its published in the government’s official newspaper, ensures that the employee will receive his/her salary if on annual leave within the period of 6 months.

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