JEDDAH: Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC) and Rotana Group, met with Rupert Murdoch, executive chairman of 21st Century Fox, and James Murdoch, CEO of 21st Century Fox, during his visit to New York.
Fahad Alsukait, CEO of Rotana Group and Alarab News Channel that are owned by the prince, Hassna Alturki, executive manager for international Relations to the chairman and Fahad bin Nafel, senior executive assistant to the chairman, attended the meeting.
During the talks they discussed various issues related to their companies.
In addition, Prince Alwaleed and Murdoch discussed their strategic alliance and reaffirmed their support for Rotana.
KHC has a stake in voting shares in 21st Century Fox.
Moreover, 21st Century Fox owns 19 percent stake in Rotana that is owned personally by Prince Alwaleed.
Also during his trip to New York, Prince Alwaleed met with Jack Dorsey Twitter’s CEO at The Plaza Hotel.
Fahad Alsukait, CEO of Rotana Group and Alarab News Channel, Sarmad Zok, member of KHC’s board of directors, Hassna Alturki, Fahad bin Nafel and Naief Alzuhair, website and social media manager, attended the meeting.
During the talks, Dorsey thanked the Prince for giving him the opportunity to meet with him.
Moreover, the two discussed the latest technical, financial and organizational developments in Twitter.
Furthermore, in 2015, Prince Alwaleed and KHC increased their ownership in Twitter, Inc.
The combined investment in Twitter is above 5 percent and makes Prince Alwaleed and KHC the second largest shareholders in Twitter.
Alwaleed meets Murdoch and Jack Dorsey in New York
Alwaleed meets Murdoch and Jack Dorsey in New York
QatarEnergy announces force majeure following Iran attacks: statement
DOHA: Qatar’s state-run energy firm on Wednesday declared force majeure following attacks on two of its main facilities that halted liquefied natural gas production and as Iran pressed missile and drone attacks across the Gulf.
“Further to the announcement by QatarEnergy to stop production of liquefied natural gas and associated products, QatarEnergy has declared Force Majeure to its affected buyers,” the company said in a statement.
QatarEnergy invoked the clause, which shields it from penalties and potential breach of contract claims from clients, after stopping LNG production on Monday.
Iranian drones attacked two of the company’s main production hubs in Ras Laffan Industrial City, 80 km north of Doha and in Mesaieed 40 km south of the Qatari capital, Doha’s ministry of defense said at the time.
The Gulf state is one of the world’s top liquefied natural gas producers, alongside the US, Australia and Russia.
On Tuesday, QatarEnergy said it would halt some downstream production of some products including urea, polymers, methanol, aluminum and others.
Qatar shares the world’s largest natural gas reservoir with Iran.
QatarEnergy estimates the Gulf state’s portion of the reservoir, the North Field, holds about 10 percent of the world’s known natural gas reserves.
In recent years, Qatar has inked a series of long-term LNG deals with France’s Total, Britain’s Shell, India’s Petronet, China’s Sinopec and Italy’s Eni, among others.
