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Prince Alwaleed reaches home, will remain under house arrest

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Prince Alwaleed

[vc_row][vc_column][vc_column_text]Settlement detail not known, authorities to gather $1000 bn in settlements

Prince Alwaleed bin Talal, one of the richest business tycoons of Saudi Arabia was released on Saturday after almost two-and-half months of detention after “settlement” with authorities. However, he will remain at home under guards’ eyes. Family has confirmed of his arrival at home.

Middle East Eye, quoting undisclosed sources reports that Prince Talal was released from Hotel Ritz-Carlton and arrived home. He was under detention under anti corruption purge along with over 200 princes and high ranking officials facing corruption charges since early November last year.

Informed sources have confirmed that still guards were surrounding his palace and he was being kept under house arrest.

The details of the settlement were unknown. Earlier reports said that he was asked to shell two-third of his assets to the government. The source said, “The attorney general this morning approved the settlement with Prince Al-Waleed bin Talal.”

On November 9, more than 200 influential people including princes and ranking officials were summoned for questioning, and most of them were detained in one of the most luxurious hotels Ritz-Carlton. The aim of the whole exercise was described for “rooting out corruption and reclaiming embezzled funds”.

Crown Prince Mohammed bin Salman who is known with acronym MbS is spearheading the unprecedented crackdown on corruption among members of the government and royal family as he consolidates grip on power in the country.

prince alwaleed - 1Alwaleed, one of the world’s richest men and owner of Kingdom Holding Company, was among 350 persons rounded in the crackdown. Reports say that most of them have been released after financial settlement with the kingdom.

None of the Saudi newspaper or news network has published report about Alwaleed release. However, information came out through the sources informing the details to foreign news reporters.

Earlier reports indicated that MbS was asking Alwaleed had been refusing MbS demand of giving -up ownership of the entire Kingdom Holding Company. If a settlement was not reached, Alwaleed was supposed to go through prosecution.

On Saturday, Alwaleed told Reuters on Saturday about his prospects of being released soon.

Earlier this week state news agency Al-Arabiya reported that “Only a couple of days till cases of corruption-related settlements are closed in preparation for referring remaining defendants to the public prosecution.” It confirmed that 95 people were still detained.

On Friday, the government released several detainees including Waleed al-Ibhrahim, head of the MBC news network, Khaled Tuwaijri, former chief of the Saudi royal court, and Turki bin Nasser, former head of the country’s meteorology agency. Earlier former National Guard chief Prince Miteb bin Abdullah was released after his “settlement” reportedly exceeding $1bn.

Saudi authorities consider they will be able to collect $100 billion from the detained who’s who of the country.

Finance Minister Mohammed al-Jadaan told Al Arabiya television in Davos on Wednesday that the “settlements” will help the government to finance a multi-million dollar package to help citizens cope with the rising cost of living.[/vc_column_text][/vc_column][/vc_row]

Latest world news

Trump approves nearly $9 billion weapons sales to Israel, UAE and other allies amid Iran tensions

The US has fast-tracked nearly $9 billion in weapons sales to Israel, UAE and other allies as tensions linked to the Iran conflict continue despite a fragile ceasefire.

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Donald Trump statement

The United States has approved nearly $9 billion worth of weapons sales to key Middle Eastern allies, including Israel and the United Arab Emirates, amid ongoing tensions linked to the Iran conflict.

The decision, cleared by the administration of Donald Trump, includes expedited military transfers to Israel, the UAE, Qatar, and Kuwait. The approvals were granted under an emergency provision, allowing authorities to bypass the usual congressional review process.

Emergency clearance amid ongoing conflict

Officials said the move was necessary due to the evolving security situation in the region, particularly as the conflict involving Iran continues despite a fragile ceasefire. The war, which began earlier in 2026, has heightened instability across West Asia.

US Secretary of State Marco Rubio invoked emergency powers to fast-track the deals, citing urgent defence requirements for allied nations.

What the arms package includes

The approved package includes a mix of advanced defence systems and precision weapons:

  • Patriot missile defence replenishments worth over $4 billion for Qatar
  • Precision-guided weapon systems for multiple countries
  • Integrated battle command systems for Kuwait
  • Additional advanced weapons support for Israel and the UAE

The total value of these deals is estimated at over $8.6 billion, often rounded to nearly $9 billion.

Timing linked to iran war

The approval comes nearly nine weeks into the conflict involving the US, Israel, and Iran, with tensions still high despite a ceasefire that has been in place for several weeks.

Analysts note that the move signals continued US military backing for its regional allies, particularly in strengthening air defence and precision strike capabilities during uncertain conditions.

Criticism and concerns

The decision to bypass congressional oversight has drawn criticism from some quarters, particularly over transparency and the broader implications of increasing arms supplies in a conflict-prone region.

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Trump and Putin hold over 90-minute call, discuss Iran war and Ukraine conflict

Trump and Putin held a 90-minute call focusing on Iran tensions and the Ukraine conflict, with warnings over escalation and talks of ceasefire.

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Vladimir Putin and Donald Trump

US President Donald Trump and Russian President Vladimir Putin held a phone conversation lasting more than 90 minutes, focusing on escalating tensions in the Middle East and the ongoing war in Ukraine.

According to official statements, the discussion was described as “frank and businesslike,” with both leaders addressing key global security concerns. A major part of the conversation centred on the situation involving Iran and developments in the Persian Gulf.

Putin supported Trump’s decision to extend the ceasefire related to Iran, suggesting that continued restraint could create space for negotiations and help stabilise the region. However, he also issued a strong warning, stating that renewed military action by the United States or Israel could lead to “extremely damaging consequences” not only for Iran but for the wider international community.

Ukraine conflict also discussed

The leaders also discussed the ongoing war in Ukraine, which has continued for several years since Russia’s invasion in 2022. During the call, there were indications of potential efforts toward a temporary ceasefire, although no final agreement has been confirmed.

Reports suggest that the idea of a short-term pause in hostilities was explored, possibly linked to upcoming symbolic dates, but significant differences between the parties remain unresolved.

Focus on diplomacy amid global tensions

The call highlights ongoing diplomatic engagement between Washington and Moscow at a time of heightened geopolitical tensions involving both the Middle East and Eastern Europe.

While both sides acknowledged the importance of dialogue, the situation on the ground in both conflict zones remains complex, with no immediate resolution in sight.

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Trump rejects Iran peace plan as tensions rise, Tehran signals military readiness

Trump rejects Iran’s peace plan, keeping focus on nuclear concerns as Tehran signals readiness and tensions continue to rise.

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Donald Trump statement

U.S. President Donald Trump has rejected a proposal from Iran aimed at easing ongoing tensions, signaling a continued deadlock between the two countries.

The proposal reportedly included steps linked to easing restrictions around the Strait of Hormuz, a key global oil route. However, the United States declined the offer, maintaining that any agreement must address concerns related to Iran’s nuclear programme.

Washington has made it clear that resolving nuclear issues remains a priority and that partial measures without broader commitments will not be accepted.

Nuclear issue remains central

The U.S. position continues to focus on preventing Iran from advancing its nuclear capabilities. Officials believe that without a comprehensive agreement, temporary arrangements could delay a long-term resolution.

The rejection of the proposal indicates that negotiations remain stalled, with both sides holding firm on key demands.

Iran issues warning

Following the rejection, Iranian officials have issued strong statements, indicating readiness to respond if pressure from the U.S. continues.

Reports suggest that Iran has asserted its military preparedness, warning that any escalation could lead to serious consequences. The remarks reflect growing tensions as diplomatic efforts struggle to produce results.

Rising geopolitical tension

The situation remains volatile, with both countries engaged in a prolonged standoff. Measures such as restrictions on trade routes and strategic pressure points continue to impact the broader region.

The Strait of Hormuz remains a critical factor in the conflict, given its importance for global energy supplies.

Outlook uncertain

With no immediate breakthrough in sight, tensions between the United States and Iran are expected to persist. The lack of agreement on key issues, particularly the nuclear programme, continues to hinder progress toward de-escalation.

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