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Saudi Prince mocks Trump: I bailed you out twice

January 30, 2016

donaldNew York, Jan 30: Saudi Prince Alwaleed Bin Talal mocked Republican candidate Donald Trump for his attempts to expose the ownership structure of Fox News by posting a digitally manipulated image of the Prince and his sister posing next to news anchor Megyn Kelly.

The image, which is photoshopped, contained the words: "Most people don't know that the co-owner of Fox News is Prince Al-Waleed of Saudi Arabia here with his sister and with host Megyn Kelly. In case you only watch Fox News and you missed it everywhere else. Google it."

The post comes amid tensions between the real estate tycoon and Fox News, the TV channel that hosted the latest Republican debate on Thursday night. Mr Trump chose to skip the debate, an unprecedented move in US poltiical history. Fox News responded that it would not be "terrorized" by demands from politicians.

The Prince responded with a tweet: "Trump: You base your statements on photoshopped pics?! I bailed you out twice; a 3rd time, maybe?"

The tweet linked to three news articles that reported the Prince's involvement in purchasing Trump's property, including Trump's yacht when the candidate was reportedly $900 million in debt.

Prince Alwaleed's investment company was also involved in the purchasing of Trump's Fifth Avenue Plaza Hotel in New York for $325 million in 1995.

In December, the nephew of the late King Abdullah tweeted that Trump should drop out of the Presidential race as he would "never win" and was "a disgrace not only to the GOP but to all America".

Politico reported that Trump responded to the Prince's tweet by calling him "dopey" and accusing him of wanting to dictate US politicians using "daddy's money".

Meanwhile, Trump has crowed about his victory in the polls on Friday despite the fact he chose to skip Thursday night's Republican debate due to a spat with moderator Megyn Kelly. Trump was in Iowa talking about the plight of US veterans instead.

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News Network
March 11,2020

Mar 11: Energy giant Saudi Aramco on Wednesday said it plans to raise its crude production capacity by one million barrels per day to 13 million bpd as a price war with Russia intensifies.

"Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 million bpd," the company said in a statement to the Saudi Stock Exchange.

The decision comes a day after the world's top exporter, Saudi Arabia, decided to hike production by at least 2.5 million bpd to a record 12.3 million from April.

The Saudi moves come after the collapse of an oil production reduction agreement between OPEC and non-OPEC producers, including Russia.

The deal proposed by Saudi Arabia called for additional output cuts of 1.5 million bpd to cope with the severe economic impact of the coronavirus which has sharply reduced world demand for crude.

Boosting production capacity normally takes a long time and requires billions of dollars of investment.

Several years ago, the kingdom had shelved plans to boost its crude production capacity beyond 12 million bpd after demand for OPEC oil declined in the face of stiff competition from North American shale oil and other sources.

Russia on Tuesday said it was open to renewing cooperation with the OPEC cartel even as its kingpin Saudi Arabia escalated a price war with Moscow by announcing it would flood markets with new supplies.

The oil price war broke out after OPEC and a group of non-member countries dominated by Russia -- the world's second largest producer -- on Friday failed to agree on production cuts.

Saudi Arabia responded by announcing unilateral price cuts. This prompted the oil price to plummet and fuelled huge falls on stock markets around the world on Monday.

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News Network
March 25,2020

Riyadh, Mar 25: A 46-year-old man died of coronavirus in Saudi Arabia, becoming the Kingdom’s second death, according to a health ministry’s spokesman.

The health ministry recorded 133 new infections, bringing the total to 900.

Of those newly confirmed cases, 18 are associated with recent travel, and were placed in quarantine upon their arrival in the Kingdom, the spokesman said.

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Agencies
August 4,2020

Beirut, Aug 4: A massive explosion has shaken the Lebanese capital of Beirut, with a very high number of casualties expected.

A warehouse at the Beirut Port caught fire on Tuesday afternoon, triggering a huge explosion, Lebanon’s official National News Agency (NNA) reported.

Several smaller explosions were heard before the bigger one occurred.

Abbas Ibrahim, the head of Lebanon’s General Security, said that “highly explosive materials” confiscated earlier had been stored at the site.

Footage shared on social media captured the moment of the bigger explosion, with a colossal shock wave seen traveling fast across several hundreds of meters and shrouding the area in thick smoke.

The blast left enormous material damage to the surrounding buildings and structures. But it was not immediately known how big an area was affected.

There was also no immediate casualty count. Graphic amateur video from the scene showed bodies strewn on the ground, with their clothes blown off.

The NNA said rescue operations were underway. Ambulances were seen heading toward the scene in central Beirut.

Lebanese LBC television channel quoted Lebanon’s Health Minister Hamad Hasan as saying that the blast had caused a “very high number of injuries” and “extensive damage.”

Beirut Governor Marwan Abboud said an unspecified number of firefighters dispatched to extinguish the initial fire had been killed in the explosion.

“As they were putting out the fire, the explosion took place and we’ve [lost them],” he said, breaking down on live TV.

The explosion comes at a time when the Arab country is passing through its worst economic and financial crisis in decades, and amid rising tensions with Israel.

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