The ‘real Wolf of Wall Street’ shares his story at Riyadh book fair

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Jordan Belfort has visited Saudi Arabia to share his life story and entrepreneurship experiences at the Riyadh book fair. (Supplied)
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Jordan Belfort has visited Saudi Arabia to share his life story and entrepreneurship experiences at the Riyadh book fair. (Supplied)
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Jordan Belfort has visited Saudi Arabia to share his life story and entrepreneurship experiences at the Riyadh book fair. (Supplied)
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Updated 03 October 2021
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The ‘real Wolf of Wall Street’ shares his story at Riyadh book fair

  • Belfort discussed the famous story that was produced into the film “The Wolf of Wall Street”
  • He told the audience about how he lost it all to greed and his triumphant return as an inspirational global speaker

RIYADH: Known as the “Real Wolf of Wall Street,” globally acclaimed speaker and businessman Jordan Belfort has visited Saudi Arabia to share his life story and entrepreneurship experiences at the Riyadh International Bookfair.

Known as one of the youngest kingpin stockbrokers on Wall Street, who once sank a 170-foot moto yacht and ran up a $700,000 tab on hotel room, Jordan Belfort shared his story in the world of finance. He told the audience about how he lost it all to greed and his triumphant return as an inspirational global speaker.

During a book talk held on Saturday evening, Belfort detailed his humble beginnings and how he knew he was destined for entrepreneurship from a young age.

He described his childhood in New York, where he started a paper trail as his first business, before moving onto bigger endeavors making over $100,000 as a teenager in one summer by selling ice cream through a styrofoam cooler on a busy beach.

Belfort also discussed the famous story that was produced into the film “The Wolf of Wall Street.”

He told the book fair about the obstacles he had to overcome to share his story with the public, not only in the writing process of the book, but through the 2013 adaptation of the “Wolf of Wall Street” starring Leonardo DiCaprio.

During the two-hour-long book discussion, Belfort said: “You can’t say you want to be like me, you have to learn from my mistakes and model the great things about me, there are certain things that there is no doubt they were amazing but there was bad too.”

Following the discussions on his life story and memoir, Belfort addressed the skills every great entrepreneur needs to start and run a successful business.

He said that a great business man must first be an amazing salesman, before taking on marketing.

At the end of the book talk he answered some questions from the audience and gave advice on business and succes.

“Marketing and sales together are absolutely crucial for an entrepreneur’s business success,” he said.

During his book signing the following evening, Belfort spoke to Arab News about his views on the Kingdom.

“Here in Saudi Arabia the government really does a great job at providing for the people culturally and financially so it’s really a phenomenal country. I hope the citizens know how lucky they are to have a government that is not corrupt like the rest of the world. It’s really bad in some places, with wealth,” the author said.

“I think every country has its own unique heartbeat, heart and soul and a couple things I noticed about Saudi Arabia is that the people are the most gracious people they really are very hospitable and gracious. And I think the government here does an incredibly good job of taking care of its people, which is very rare around the world,” said Belfort.

Belfort also discussed his experience of visiting Saudi Arabia with Arab News. “I love eating with my hands and my wife would not have a reason to yell at me here. I eat with my hands at home and she gets mad at me, and here it’s like I think the food tastes better.”


Saudi health officials investigate food poisoning outbreak at Riyadh restaurant chain

Updated 20 min 50 sec ago
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Saudi health officials investigate food poisoning outbreak at Riyadh restaurant chain

  • The outbreak was linked to the consumption of food from the local Hamburgini fast-food restaurant chain
  • Clostridium botulinum contamination in food can cause botulism, a serious illness resulting from the neurotoxin the bacteria produces

RIYADH: Riyadh experienced a wave of food poisoning cases caused by Clostridium botulinum on Thursday.
The outbreak was linked to the consumption of food from the local Hamburgini fast-food restaurant chain, leading to several hospitalizations.
Ministry of Health spokesperson Dr. Mohammed Al-Abd Al-Aly provided an update on his X account on Saturday, detailing the impact of the outbreak and the steps being taken to manage it.
He said: “Six cases have fully recovered after receiving appropriate health care, and two have been safely discharged. However, 35 individuals remain hospitalized, with 28 of them in intensive care.”
Clostridium botulinum contamination in food can cause botulism, a serious illness resulting from the neurotoxin the bacteria produces. Botulism can cause severe complications, paralysis and death, if not treated promptly. CB is commonly associated with improperly processed canned goods, home-canned vegetables, and cured meats.
The symptoms of this type of food poisoning can range from mild gastrointestinal issues to more severe signs like double vision, difficulty breathing, and paralysis.
The outbreak was first brought to light on Thursday when Riyadh Municipality received a report of food poisoning cases linked to the Hamburgini restaurant chain.
In response, health oversight teams promptly initiated an investigation and began monitoring the situation. By 10 p.m. Thursday all locations, branches, and the main catering factory of the restaurant chain in Riyadh were ordered to close.
Strict health protocols were implemented to contain the outbreak and prevent additional cases of food poisoning.
Delivery services through the facility or via applications were suspended, and coordination efforts were initiated with key bodies, including the Ministry of Health, the Food and Drug Authority, and the Public Health Authority.
On Friday, Nawaf Al-Fozan, the founder and CEO of Hamburgini, uploaded an official video response to the restaurant’s Instagram page, confirming the chain is involved in the outbreak.
Even though the municipality ordered the closing of all restaurants and related facilities due to food poisoning, Al-Fozan said: “We took the initiative to close directly and cancel all orders from all sales outlets and delivery applications. However, the reason, of course, has not been disclosed by the authorities.”
He stated that Hamburgini operates according to global quality standards in food hygiene and safety. “We strive to provide an ideal experience for our customers with high quality and standard specifications. We wish health and safety to everyone who has suffered harm.”
Al-Fozan added: “We are working with all concerned authorities to take all necessary measures and precautions, and we will keep you updated.”
The Health Ministry emphasized the importance of obtaining information from official sources to ensure accurate and reliable guidance. It also expressed gratitude for the authorities’ efforts in reducing the risk of infection and treating those affected.


Saudi citizens visiting Honduras now exempt from entry visa requirements

Updated 6 sec ago
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Saudi citizens visiting Honduras now exempt from entry visa requirements

RIYADH: Honduras announced on Saturday that Saudi citizens wishing to visit the country are now exempt from requiring entry visas, Saudi Press Agency reported.

The announcement was made by the Honduran Deputy Minister of Foreign Affairs for Consular and Immigration Affairs Antonio Garcia, who posted the decision on the social media platform X.

The visa exemption decision comes after a recent meeting between the Saudi deputy minister of foreign affairs, Waleed Elkhereiji, and his Honduran counterpart Enrique Reyna in Tegucigalpa.

As well as the visa exemption decision, the two discussed relations between Honduras and the Kingdom and the promotion of tourism links between the two countries.


Riyadh prepares for WEF meeting on collaboration, growth and energy

Updated 27 April 2024
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Riyadh prepares for WEF meeting on collaboration, growth and energy

  • Meeting aims to bridge growing North-South divide and find ‘collaborative solutions to shared challenges’
  • Will drive ‘action-oriented dialogue’ on three key themes: Inclusive Growth, Energy for Development, and Global Collaboration

RIYADH: Around 1,000 leaders from 92 countries will convene in Riyadh for the World Economic Forum’s Special Meeting on Global Collaboration, Growth and Energy for Development on Sunday and Monday.
Building on the inaugural Growth Summit in Switzerland last year, the Riyadh meeting will, according to the WEF, “promote forward-thinking approaches to interconnected crises, while remaining realistic about shorter-term trade-offs” and “work to bridge the growing North-South divide on issues such as emerging economic policies, the energy transition and geopolitical shocks.”
Børge Brende, WEF’s President said in a press release: “With geopolitical tensions and socio-economic disparities deepening divides globally, international collaboration and purposeful dialogue has never been more urgent.”
The special meeting, held under the patronage of Crown Prince Mohammed bin Salman, provides an opportunity for leaders, according to Brende, to “turn ideas into action and unlock scalable solutions to the many interconnected challenges being faced.”
Saudi Economy and Planning Minister Faisal Al-Ibrahim said in the release: “At this global inflection point, revitalizing international collaboration has never been more important. In Saudi Arabia, the World Economic Forum has chosen an established and dynamic global platform for thought leadership, solutions and action, as the host of a critical meeting at such a critical moment.
“We are working to ensure that progress for one part of the world does not come at the expense of another. And we are committed to meeting this moment with a determination to co-author a shared future that is secure, stable and sustainable,” he continued.
The event’s three themes are: ‘A Compact for Inclusive Growth,’ ‘Catalyzing Action on Energy for Development,’ and ‘Revitalizing Global Collaboration.’
Participants will include Mishal Al-Ahmad Al-Jaber Al-Sabah, the Emir of Kuwait; Egyptian Prime Minister Mostafa Kamal Madbouly; Iraqi Prime Minister Mohammed Shia Al-Sudani; Bisher Al-Khasawneh, Jordan’s Prime Minister; Malaysian PM Anwar Ibrahim, Pakistani PM Shehbaz Sharif; Palestinian president Mahmoud Abbas; Qatari PM Mohammed Bin Abdulrahman Al-Thani; US Secretary of State Antony Blinken; Josep Borrell, High Representative of the European Union for Foreign Affairs and Security Policy; Stéphane Séjourné, French minister for Europe and foreign affairs; Annalena Baerbock, Germany’s federal minister of foreign affairs; David Cameron, UK secretary of state for foreign, Commonwealth and development affairs; Kristalina Georgieva, managing director of the International Monetary Fund; UN Senior Humanitarian and Reconstruction Coordinator for Gaza Sigrid Kaag; and World Health Organization Director-General Tedros Adhanom Ghebreyesus.


Adhlal organizes tech workshops

Updated 27 April 2024
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Adhlal organizes tech workshops

RIYADH: Consulting services company Adhlal, a social enterprise based in the Kingdom, recently organized three technology workshops at the studios of Faiiida, an industrial design company, in Riyadh.

Tanja Ludwig, founder of w3-ff venture builder; Rakan Al-Shehri from Adhlal; and Abdulaziz Alobaid, who developed Faiiida, ran the workshops, which looked at ways in which technology, including artificial intelligence, can enhance creative workflow.

Ludwig, a German national who has visited Saudi Arabia several times, explored how blockchain’s “decentralized identities can empower Saudi design professionals.”

Alobaid’s workshop was on virtual and augmented reality design. Alobaid discussed creating items for the fashion, consumer, and automobile industries.   

Al-Shehri’s workshop, titled “Al for design: Boosting creativity with smart tools,” explored how Al tools can help boost creativity in various fields of design.

 


Saudi authorities arrest 19,050 illegals in one week

Updated 27 April 2024
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Saudi authorities arrest 19,050 illegals in one week

RIYADH: Saudi authorities arrested 19,050 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday.

According to an official report, a total of 11,987 people were arrested for violations of residency laws, while 4,367 were held over illegal border crossing attempts, and a further 2,696 for labor-related issues.

The report showed that among the 1,011 people arrested for trying to enter the Kingdom illegally, 61 percent were Ethiopian, 36 percent Yemeni, and 3 percent were of other nationalities.

A further 24 people were caught trying to cross into neighboring countries, and 18 were held for involvement in transporting and harboring violators.

The Saudi Ministry of Interior said that anyone found to be facilitating illegal entry to the Kingdom, including providing transportation and shelter, could face imprisonment for a maximum of 15 years, a fine of up to SR1 million ($260,000), as well as confiscation of vehicles and property.

Suspected violations can be reported on the toll-free number 911 in the Makkah and Riyadh regions, and 999 or 996 in other regions of the Kingdom.